First Published Oct 15, 2022, 11:14 AM IST
Gold prices have fallen sharply today. The price of gold has been fluctuating for the last 3 days and has fallen again today
Gold price today fell by Rs 45 per gram and Rs 360 per bar
The price of 22 carat jewelery gold in Chennai was Rs 4,735 per gram and Savaran at Rs 37,880 as on yesterday evening.
The price of gold is low again! Sawaran Rs 200 fall: What is the situation today?
In this case, as of Saturday (today) morning, gold per gram was Rs. 45 down to Rs 4,690. Savaran fell by Rs.360 to Rs.37,520.
In Coimbatore, Trichy and Vellore, gold is selling at Rs 4,690 per gram.
Gold prices fell for 3 days since the start of the week, then rallied slightly and then started to decline again.
The price of gold in ups and downs! JEWELERS IN CONFUSE!: What’s the situation today?
Gold started the week at Rs 4,775 per gram and is currently trading at Rs 4,690, down by Rs 85 per gram. Sawaran was sold at Rs 38,200 and today it is sold at Rs 37,880. In the last 5 days alone, nearly Sawaran has fallen by Rs.320.
It seems that interest rates may be raised at the Federal Reserve meeting on the 20th of this month to control rising inflation in the United States. When interest rates are raised in the US, the dollar strengthens and world currencies begin to depreciate. This will further complicate the value of the Indian rupee, reducing international demand for gold.
Gold prices continue to fall! Sawaran falls by Rs 640 in 3 days: What is the situation today?
Thus, the meeting of the US Federal Reserve in the coming weeks will have a major impact on the price of gold.
Silver prices have also fallen. Silver fell by Rs 80 paise to Rs 60.50 per gram and Rs 18,000 to Rs 60,500 per kg.
Last Updated Oct 15, 2022, 11:14 AM IST