Chennai: Gold prices rose by Rs 400 per pound overnight to trade at Rs 40,920. Silver price also increased by Rs.2.20 per gram.
Last month gold price crossed Rs 40 thousand per pound. Later, it gradually decreased from Rs.37 thousand to Rs.39 thousand. In this case, the price of gold continues to rise. On the 12th of this month, the price of gold increased to Rs.40,360 per pound. Later, on the 14th, it increased to Rs.40,800.
Later, it fell to Rs 40,360 a pound on the 16th. Then again the price of gold has been increasing continuously for the last 4 days. In this case, the price of gold increased yesterday.
In Chennai, the price of jewelery gold increased by Rs 50 to Rs 5,115 per gram. It is selling at Rs 40,920 per pound, up by Rs 400. Similarly, 24 carat pure gold is selling at Rs 44,136 per 8 grams. The price of gold has increased by Rs.400 per gram in a single day, causing a shock among gold buyers.
Yesterday, one gram of silver was selling at Rs.74.70. The price of silver per kilo bar is Rs.74,700. It is noteworthy that the price of silver has also increased by Rs.2.20 per gram.