Chennai: The price of jewelery gold has gone up by Rs 400 per razor in Chennai. Gold prices have been experiencing unexpectedly sharp fluctuations in recent times. Gold prices have been volatile, especially since the Ukraine-Russia war. Thus are in great difficulty in buying jewelry. Gold prices fell by Rs 280 per ounce on June 1 to Rs 37,920 per ounce, much to the delight of consumers. But on June 2, gold rose by Rs 160 to Rs 38,080 per ounce.
In this situation, the price of gold rose by 400 rupees per razor in a single day today. In Chennai today, a gram of jewelery gold (22 carats) rose by Rs 50 to Rs 4,810. A razor gold sells for Rs 38,480. Today a gram of silver sells for Rs 68.50. A kilo of silver sells for Rs 68,500. Russia – Ukraine experts say the price of gold could rise in the long run amid fears over the problem, inflation and the spread of the corona.