Chennai: The price of gold has been increasing for the past few days and has touched a new high yesterday. Jewelery gold prices in Chennai rose by Rs 200 to Rs 44,720 a bar yesterday (March 31).
The price of gold is determined based on the international economic environment and the value of the Indian rupee against the US dollar. The price of gold, which had declined in the last week, has been slowly increasing for the past few days.
Meanwhile, the price of jewelery gold rose by Rs 25 to Rs 5,590 per gram in Chennai yesterday. Sawaran rose by Rs 200 to sell at Rs 44,720. 8 grams of 24 carat pure gold sold at Rs.48,216. According to this, the price of gold touched a new high yesterday. Similarly, one gram of silver sold at Rs 77.50. The price of silver per kilo bar was Rs.7,500 yesterday.
Earlier this month, gold prices rose by Rs 880 a barrel to trade at Rs 44,480, the highest price in the month. Before that, on February 2 last, a shaver was sold at Rs 44,040 and reached a new high in response to the budget. Prior to that, the highest price recorded was Rs.43,360 per pound of gold on August 7, 2020. At least they are now selling at a higher price than they are worth.