In Chennai, the price of 22 carat jewelery gold increased by Rs 264 per razor to Rs 40,376 per razor.
The volatility in the international market is due to the war between Russia and Ukraine. As a result, crude oil prices and gold prices are rising sharply. Many investors around the world are moving away from the stock market and are interested in investing in gold. This is also seen as a reason for the rise in gold prices. Gold prices soared to over 40,000 in early February.
Then in March the price of gold gradually fell and a razor sold for about 36,000. But gold prices peaked again in April. Last week a razor gold again crossed 40 thousand rupees. Gold prices have continued to rise in anticipation of a fall. Thus, the opening day of the week today saw the rise in gold prices.
In Chennai today, the price of 22 carat jewelery gold rose by Rs 264 per razor to Rs 40,376 per razor. Similarly, a gram has gone up by Rs 33 to Rs 5,047. Also in Chennai, the retail price of silver has risen to 75 rupees a gram for 20 rupees. The price of a kilo of silver is Rs.75,200. The rise in gold and silver prices on the first day of the week has caused a stir among jewelery lovers.