2024-03-07 05:58:09
The price of one gram of jewelery gold is Rs. exceeded 6,090. A pound costs Rs. It has crossed 48,720 and created a new history. By the end of the week, the pound was Rs. Jewelers have said that it will cross 50,000.
The price of gold rose up to Rs.2,200 per pound in the last 7 days only and crossed Rs.48,720 per pound.
NEW HIGH: Jewelery gold rose by Rs 85 to Rs 6,015 per gram and Rs 680 to Rs 6,015 per pound in Chennai on Tuesday. Gold traded at 48,120 to hit a new all-time high.
In this situation, again on Wednesday, the price of ornamental gold increased by Rs.25 per gram to Rs.6,040 and by Rs.200 per pound to Rs. 48,320 were sold.
In this situation, the price of ornamental gold rose by Rs.50 per gram to Rs.6,090 on Thursday and by Rs.400 per pound to Rs. 48,720 on sale. Gold has hit new all-time highs on the back of a series of price hikes.
What is the reason?: The central government increased the import duty on gold and silver to 14.35 percent from January 22. Also, inflation, inflation in the United States is under control, where interest rates have not been cut. Economists say that the price of gold has continued to rise due to countries including China and Russia buying and hoarding gold instead of dollars.
As a result, the price of gold is not likely to decrease, and it is likely to rise further, and in the next few days, the pound will be Rs. Experts say that it will exceed 50,000.
Like gold, silver prices have risen significantly. Silver rose by Rs 50 paise to Rs 78.50 per gram and a kg (bulk silver) rose by Rs 500 to Rs 78,500.
The trajectory of jewelery gold prices over the past 50 years (price per pound)
Annual price
1975 – Rs.432
1980 – Rs. 1,136
1985 – Rs. 1,544
1995 – Rs. 3,600
2000 – Rs. 3,480
2005 – Rs. 4,640
2010 – Rs. 15,448
2015 – Rs. 18,952
2020 – Rs. 37,792
2021 – Rs. 36,152
2022 – Rs. 41,040
2023 (Dec.31) – Rs. 47,280
2024 (March 5) – Rs. 48,120
2024 (March 7) Rs.48,720
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