First Published Aug 30, 2022, 10:15 AM IST
Gold price surge: Heading back into swing: What’s the situation today?
Gold price has again moved towards the swing. Gold prices rose today after being low yesterday.
Gold prices have increased by Rs 25 per gram and Rs 200 per gram today.
In Chennai, the price of 22 carat jewelery gold was sold at Rs 4,765 per gram and sawan at Rs 38,120 as of yesterday.
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Gold prices rose dramatically on Tuesday (today) morning. A gram rose by Rs 25 to Rs 4,790 and Sawaran rose by Rs 200 to Rs 38,320.
In Coimbatore, Trichy and Vellore, gold is selling at Rs.4790 per gram.
Like last week, gold prices have moved towards swings this week. Yesterday, the first day of the week, gold prices fell by Rs 35 per gram and Rs 280 per gram. But, today it has increased by Rs.25 per gram and Rs.200 per sawan. As a result, the price of gold has started moving towards ups and downs again.
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Fears that the US Federal Reserve will raise interest rates also lifted the value of US stocks and the dollar began to rise.
Due to this, the investment in gold decreased as investors withdrew their investments and invested in dollars. Market experts said that if the dollar strengthens in the coming days, there will be big volatility in gold prices
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Silver prices also rose slightly today. Silver rose by 10 paise to Rs 60.10 per gram and Rs 100 to Rs 60,100 per kg.
Last Updated Aug 30, 2022, 10:30 AM IST