First Published Nov 22, 2022, 10:28 AM IST
Due to the international environment, the price of gold continues to decline. In the last 5 days alone, gold has fallen to Rs 600 per bar.
Gold prices fell by Rs 15 per gram and Rs 1240 per bar today.
Jewelery gold prices in Chennai were Rs 4,920 per gram and Rs 39,360 per gram as on Monday evening.
Gold prices continue to fall! Relax the middle class! What is the situation today?
The price of 22 carat ornamental gold fell by Rs 15 to Rs 4,905 per gram and Rs 120 to Rs 39,240 per gram today (Tuesday).
Gold is selling at Rs 4,905 per gram in Coimbatore, Trichy and Vellore.
Investors are avoiding investment in gold due to the tension in the international environment, especially the fear that the US Federal Reserve may raise interest rates.
Also due to the increasing spread of Corona in China, the curfew has been brought back in many cities. As a result, the Chinese economy has slowed down again. As the economy in China, the world’s leading consumer of gold, has slowed down, demand for gold has also decreased.
Gold price swings! 400 rupees less for the shaver! What is the situation?
Due to this, the price of gold has been decreasing gradually since last week. However, the price of gold has not fallen below Rs.39,000.
While the sawan has gone towards Rs.40 thousand, the current decrease has given some comfort to the middle class families. Market experts suggest that jewelers can also use this time to buy gold when it is in decline.
Since last Friday, the price of gold has decreased to Rs.600 per quintal. Market experts suggest that gold prices may fluctuate after the US Federal Reserve’s announcement.
Gold prices fell for the 2nd day! 200 rupees less in 2 days! What is the situation?
Silver prices rose slightly today. Silver rose by 50 paise to Rs 67.00 from Rs 66.50 per gram and rose by Rs 500 to Rs 67,000 per kg.
Last Updated Nov 22, 2022, 10:28 AM IST