Chennai, First Published Aug 2, 2022, 10:32 AM IST
The price of gold rose dramatically today, after having decreased yesterday on the first day of the week.
As of this morning in Chennai, gold prices have increased by Rs 25 per gram and Rs 200 per gram.
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As of yesterday evening, the price of 22 carat jewelery gold in Chennai was Rs.4,795 per gram and sawan was sold at Rs.38,360. Gold prices rose this morning.
Accordingly, in Chennai, 22 carat jewelery gold fell by Rs 25 to Rs 4,820 per gram and sawan rose by Rs 200 to Rs 38,560.
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In Coimbatore, Trichy and Vellore, gold is selling at Rs.4820 per gram.
The price of gold, which had risen throughout the last week, suddenly fell on the first day of the week. But today the shaver has increased by Rs.200.
Market experts suggest that gold prices are likely to increase gradually from now on. The US Federal Reserve has said it has no intention of raising interest rates sharply.
As a result, investment interest in the dollar may decline and turn to gold. Due to this, there is an opinion that the price of gold may go up gradually in the coming days
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Silver price rose today. Silver rose by 30 paise to Rs 63.60 per gram and Rs 300 to Rs 63,600 per kg.
Last Updated Aug 2, 2022, 10:40 AM IST