First Published Dec 14, 2022, 10:11 AM IST
The price of gold has plummeted making the middle class happy. Although the price fell for the 2nd consecutive day, Savaran Rs. It did not go below Rs.40 thousand.
Gold prices fell by Rs 25 per gram and Rs 200 per bar today. 320 rupees reduced in 3 days.
Jewelery gold prices in Chennai were Rs 5,040 per gram and Rs 40,320 per gram as on Monday evening.
The price of 22 carat jewelery fell by Rs 25 to Rs 5,015 per gram today (Wednesday) and sawan fell by Rs 200 to Rs 40,120. Gold was sold at Rs 5,015 per gram in Coimbatore, Trichy and Vellore.
The price of gold fell for the 3rd day in a row today, much to the delight of middle-class families and those looking to buy jewellery, but the price of sawan did not go below Rs.40,000.
Gold prices are not happy! What is the situation today?
Inflation in the US in November was lower than expected. As a result, investors have the impression that the Federal Bank will not raise the interest rate much. Due to this, the stock market also rose.
The price of gold is very low! All this is not enough! What is the situation today?
However, depending on how much the Federal Bank is going to raise interest rates today, gold prices may change in the coming days.
Silver rose in price today. Silver rose by Rs 1 to Rs 74.00 per gram and Rs 1000 to Rs 74,000 per kg.
Last Updated Dec 14, 2022, 10:21 AM IST