Chennai: Gold price rises by Rs 480 to Rs 38,680 per pound.
Russia’s war on Ukraine poses economic threats around the world. Thus the prices of crude oil and gold are rising sharply. Stock markets are also declining.
Following this, investors around the world are increasingly leaving the stock market and converting their investments in gold. As a result, the price of gold in India fluctuates from time to time.
In this situation, the price of gold rose by Rs 480 per pound yesterday. In Chennai, the price of jewelery gold rose by Rs 60 per gram to Rs 4,835. The pound sells for Rs 38,680. Similarly, 24 carat pure gold is selling at Rs 41,887 per 8 grams. A gram of silver sells for Rs. 67.50. The price of a kilo of silver was Rs 67,500 yesterday.