Gold, Silver Prices Today in Chennai tamil: In India today the price of 1 kg 22 carat gold is Rs.10,000 and 24 carat 1 kg gold is Rs. 11,000.
Gold, Silver Rates Today News Updates in tamil: Russia has been waging war since its invasion of neighboring Ukraine since last February. As a result, NATO member states supporting the Ukraine, the United States, Canada, and European countries have all imposed sanctions on Russia. Russia, which has been overcoming the embargo in its own way, has introduced the Russian ruble into the international market for its currency. However, some countries do not approve of this transfer.
Russia bans gold imports?
Meanwhile, Russia has turned its investments to gold to overcome sanctions imposed by Western countries. Russia accounts for 10% of the world’s gold mined annually. That means Russia produces between 350 and 380 tons of gold a year. Their estimated export value is approximately $ 15.3 billion.
In the meantime, some Western nations have called for a ban on gold currently being exported by Russia. The summit is being held in Germany. It called for a ban on gold imports from Russia.
However, Russia only exports 90% of its gold to these G-7 countries. In particular, the UK is the largest importer of gold from Russia. Thus, will the ban on Russian gold have an impact on India? If so, economists say it will definitely cause the price of gold to rise.
Possibility to increase the price of gold
India is the second largest importer of gold in the world after China. Apart from being an investment in India, gold is also seen as a sensitive commodity. If Russia bans gold imports, there will be gold shortages in the World Trade Center, the United Kingdom and Switzerland. Thus, there will be a shortage of gold in the Turkish and Chinese markets. Also, gold will start circulating in excess on the black market.
As far as India is concerned, most of the gold is imported from Switzerland. As previously predicted, the G-7 summit, the release of US first-quarter GDP data, the Indian rupee against the dollar and the OPEC meeting next week to determine crude oil prices are expected to have a major impact on gold prices. According to economists, the price of gold is likely to rise further in the coming days.
Gold price situation in India today: –
In India today, the price of 1 kg 22 carat gold is Rs 10,000 and the price of 24 carat 1 kg gold is Rs. 11,000. Accordingly, in the capital Delhi, 10 gram 22 carat gold is priced at Rs 47,650 and 24 carat 10 gram gold is priced at Rs 51,980. This will vary slightly depending on the individual cities.
In the financial capital Mumbai, 10 gram 22 carat gold is priced at Rs 47,650 and 24 carat 10 gram is priced at Rs 51,980.
Gold prices in Chennai: –
In Chennai yesterday, the price of 22-carat jewelery gold rose by Rs 10 to Rs 4,770 per gram and Rs. 80 increased to Rs.38,160. Also, 22 carat 10 gram gold was priced at Rs 47,700 and 24 carat 10 gram was priced at Rs 52,030.
In this situation, gold is being sold at the same price as yesterday without any change in today’s gold price.
Silver Price Status: –
The rupee had lost 40 paise to Rs 66 a gram on Friday. Accordingly, a gram of silver is selling for Rs.65.60. Silver is down by Rs 400 per kg to Rs 65,600 per kg.