First Published Sep 2, 2022, 10:00 AM IST
Gold prices continue to fall. Gold prices fell for the 4th day in a row.
Gold prices fell by Rs 15 per gram today and fell by Rs 120 per gram.
The price of 22 carat jewelery gold in Chennai was Rs 4,710 per gram and Savaran was Rs 37,680 as on yesterday evening.
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In this case, as of Friday (today) morning, gold has decreased by Rs.15 to Rs.4,695 per gram. Sawaran fell by Rs.120 to Rs.37,560.
Gold is selling at Rs 4,695 per gram in Coimbatore, Trichy and Vellore.
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Gold has continued to decline since the start of the week. In the last 5 days alone, gold prices have fallen by Rs.70 per gram and Rs.560 per gram. After a long time, the gold price has fallen below the threshold of Rs.38,000.
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Expectations that the US Federal Reserve will raise interest rates have caused major swings in the market. As the dollar strengthens, all investments return to the dollar
Then the investment in gold can have a big change in price when the demand decreases.
There is no change in the price of silver. Silver remained unchanged at Rs 58 per gram and Rs 58,000 per kg
Last Updated Sep 2, 2022, 10:12 AM IST