First Published Oct 12, 2022, 11:01 AM IST
Gold prices fell for the 3rd day in a row today. Gold has fallen by over Rs.600 per quintal in the last 3 days
Gold price today fell by Rs 10 per gram and Rs 80 per bar.
The price of 22 carat jewelery gold in Chennai was Rs 4,740 per gram and Savaran at Rs 37,920 as on yesterday evening.
Gold price in swing! Rs 1080 hike in Sawaran in a week: What is the situation today?
In this case, as of Wednesday (today) morning, gold per gram was Rs. 10 down to Rs 4,730. Sawaran fell by Rs.80 to Rs.37,840.
In Coimbatore, Trichy and Vellore, gold is selling at Rs 4,730 per gram.
Gold prices have been falling since the beginning of this week. Gold has fallen by Rs.640 per quintal in the last 3 days alone. Savaran has increased by Rs.1,080 in the last week and this week it is experiencing a decline.
Gold price is low! Sawaran falls by Rs 280: What is the situation today?
Although the high fluctuation in gold prices has caused confusion for jewelers, the falling prices over the past 3 days has given some comfort to middle-class jewelers.
The US Federal Reserve meeting is scheduled to take place on the 20th of this month. With inflation not slowing down in the US, there seems to be a chance for further interest rate hikes. As interest rates increase, the price of gold may fall further, and as the dollar strengthens, the demand for gold will begin to decrease.
Gold prices fell for the 2nd day! Sawaran falls below 38,000: What is today?
Silver prices have dropped sharply. Silver fell by Rs 1 to Rs 63.00 per gram and Rs 1000 to Rs 63000 per kg.
Last Updated Oct 12, 2022, 11:05 AM IST