CHENNAI: Gold prices rose sharply by Rs.520 per quintal. Savaran rose by Rs.1880 in only 4 consecutive days. Gold prices have been bullish since the beginning of this month. On the 10th, the price of gold increased by Rs.280 per sawan and was sold at Rs.41,520 per sawan. On the 11th consecutive day, gold prices increased by Rs.80 per gram to Rs.5,270 per gram and sawan rose by Rs.640 to sell at Rs.42,160 per sawan. At the same time, the price of gold again crossed Savaran 42 thousand. The sharp rise in gold prices has shocked the jewelery buyers.
The day before yesterday was a Sunday so the gold market had a holiday. Therefore, gold was sold on Sunday at Saturday’s price. Gold market resumed yesterday after a day off. The price of gold rose again. Only yesterday, gold prices increased by Rs.55 per gram to Rs.5,325 per gram and Rs.440 per gram to Rs.42,600 per gram.
In this situation, the price of gold is on the rise for the 4th day in a row. Gold prices rose by Rs 65 per gram to Rs 5,390 per gram and sawan rose by Rs 520 to sell at Rs 43,120. The price hike has further shocked jewelery buyers. At the same time, the price of gold has risen to Rs.1,880 per sawan only in 4 consecutive days. With this, the price of gold again crossed Savaran 43 thousand.