Gold prices continue to rise: The price has been rising since june 02. In that regard, on june 2, 22-carat ornamental gold in chennai rose by Rs. 30 per gram and was sold for Rs. 8,950. At that time, a sovereign increased by Rs. 40 and was sold at Rs. 71,600. On the same day, there was another price increase in the afternoon. It increased by Rs. 110 per gram and was sold at Rs. 9,060. Due to this, a sovereign increased by Rs. 880 and touched Rs. 72,480. Similarly, (June 03, Tuesday), the price of 22-carat ornamental gold increased by another Rs. 160 per sovereign and was sold at Rs. 72,640. It increased by Rs. 20 per gram and was sold at Rs. 9,080. Similarly, (June 04, Wednesday) the price of 22-carat ornamental gold in chennai has increased again. The price of a sovereign of gold has increased by Rs. 80 and is being sold at Rs. 72,720. The price of one gram of gold increased by Rs. 10 and was sold at Rs. 9,090.Today's (June 05) gold Price Status: In this series of price increases, the price of 22-carat gold jewelry has increased again in chennai today (June 05, Thursday). The price of one sovereign of gold has increased by Rs. 320 and is being sold at Rs. 73,040. The price of one gram of gold has increased by Rs. 40 and is being sold at Rs. 9,130. Similarly, the price of 24-carat gold has also increased. Accordingly, one gram of 24-carat gold has increased by Rs. 43 to Rs. 9960, and one sovereign is being sold by Rs. 344 to Rs. 79,680.
Moreover, the price of 18-carat gold, which has gained a lot of interest from the younger generation, has also increased. One sovereign is being sold by Rs. 30 to Rs. 7510, and one sovereign is being sold by Rs. 240 to Rs. 60,080. Apart from this, the price of silver has remained unchanged. Accordingly, the price of one gram of silver remains at yesterday's price. It is Rs. 114 per gram. Similarly, one kilogram of silver is being sold for Rs. 1000 to Rs. 1,14,000.
What is the reason for this price increase?: There are many reasons for the continuous increase in the price of gold. Rising geopolitical tensions (Russia-Ukraine conflict, Middle east tensions), fears of a trade war between the US and China, global economic uncertainties, the value of the US dollar, and inflation fears are pushing investors towards gold, a safe investment. As a result, the demand for gold is increasing and its price is rising.
Jewelers in shock: This series of price hikes has come as a shock to ordinary people who were planning to buy jewelry for festive seasons and weddings. Many have postponed their jewelry-buying plans in anticipation of whether the price of gold will decrease or continue to rise. Although gold is considered an investment, its price can change at any time, so it is important to constantly monitor the current market situation.
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