Chennai: Gold prices continue to rise. At the same time the shaving is close to Rs 40,000. This price hike has come as a shock to jewelery buyers. Gold prices have been rising and falling for the past few months. In this situation, the price of gold rose to an all-time high following the outbreak of war between Russia and Ukraine. It has been steadily rising and falling since then.
Gold prices have been rising steadily since the beginning of this month. On the 4th, a gram of gold sold for Rs 4,810 and a razor for Rs 38,480. Gold prices rose to Rs 38,600 per ounce on the 5th, Rs 38,736 per ounce on the 6th, Rs 38,992 per ounce on the 7th, Rs 39,088 on the 8th and Rs 39,352 on the 9th. The 10th is a holiday for the Gold Market as it is Sunday. So, on that day the gold price was sold at Saturday price without any change.
Gold prices rose to Rs 39,568 on the 11th and Rs 39,576 on the 12th. That’s an increase of Rs 49 per gram to Rs 4,996 per gram and an increase of Rs 392 per razor to Rs 39,968 per razor. Gold prices rose by Rs 392 per ounce in a single day. At the same time, the price of gold is approaching Rs 40,000 per ounce. Gold prices rose by Rs 1,488 per ounce for the eighth day in a row. This price hike has come as a shock to jewelery buyers.
Today is the Tamil New Year, tomorrow is Good Friday and Sunday is Easter. Next comes the festive days that follow that is the festival of Ramadan. Special days, including weddings, are on the rise. The high price at this time has caused additional cost to the jewelry buyers.