Gold prices are heading towards a fall. It has fallen for the 5th day in a row. Sawaran has fallen by Rs.952 in the last 4 days alone.
First Published Sep 16, 2022, 10:10 AM IST
Gold prices are heading towards a fall. It has fallen for the 5th day in a row. Sawaran has fallen by Rs.952 in the last 4 days alone.
Gold prices fell by Rs 54 per gram today and fell by Rs 432 per gram. The price of 22 carat jewelery gold in Chennai was Rs 4,680 per gram and Savaran was Rs 37,440 as on yesterday evening.
In this case, as of Friday (today) morning, gold per gram was Rs. 54 down to Rs.4,626. Sawaran fell by Rs 168 to Rs 37,008.
Gold is selling at Rs 4,626 per gram in Coimbatore, Trichy and Vellore.
Gold prices fell for the 5th consecutive day. 952 per sawan has decreased in last 4 days only. It seems that the shaver will go below Rs.36 thousand.
Interest rate expectations from the US Federal Reserve are having a big impact on gold prices. The US Federal Reserve is expected to raise interest rates to curb inflation.
If the interest rate is raised, the value of the dollar will increase, which will create a crisis for the currencies of various countries around the world. After that the investment in gold will decrease. Then, the demand for gold will decrease and the price is likely to decrease further in the coming days.
Silver prices also rose today. Silver rose 50 paise to Rs 61.60 per gram and rose by Rs 500 to Rs 61,600 per kg.
Last Updated Sep 16, 2022, 10:10 AM IST
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