Chennai, First Published Aug 26, 2022, 9:43 AM IST
The price of gold has been swinging wildly this week. Jewelers are confused as the price of gold is volatile.
Gold prices fell by Rs 10 per gram and Rs 80 per gram today.
In Chennai, the price of 22 carat jewelery gold was sold at Rs 4,850 per gram and Rs 38,800 per gram as of yesterday evening.
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Gold prices suddenly fell on Friday (today) morning. It was sold at Rs 4,840, down Rs 10 per gram, while sawan fell by Rs 80 to Rs 38,720.
In Coimbatore, Trichy and Vellore, gold is selling at Rs.4840 per gram.
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Gold prices have been volatile since the beginning of this week. The price of gold fluctuated wildly and fluctuated wildly. After two days of low prices suddenly increased to more than 40 per sawan.
Then the price of gold fell. Then it increased again and decreased today. As a result, jewelers approach buying gold with a bit of confusion.
The US Federal Reserve is meeting today and tomorrow. There is an expectation that the interest rate will be raised in this meeting. The decision taken at this meeting is expected to have an impact on the price of gold
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Silver prices also fell slightly today. Silver fell by 20 paise to Rs 61.30 per gram and Rs 200 to Rs 61,300 per kg.
Last Updated Aug 26, 2022, 9:53 AM IST