The price of gold, which has been fluctuating for the past few days, has touched a new high today. Jewelery gold prices in chennai rose by Rs 352 per quintal today (May 4) to sell at Rs 46,000. The price of gold in india rises and falls from time to time according to the international economic situation. On december 25 last year, one pound of gold was sold at Rs.42,760. It increased to Rs.43,040 on 26th.

Later, from january 27 to 31 this year, a pound was selling at Rs 42,700 to Rs 42,800. Notably, it hit a new high of Rs 44,040 a pound on february 2. Then, on april 5, the price surged again, with the pound trading at Rs.45,520 to hit a new high. On the occasion of Akshay Trithiiya, the price of gold dropped by Rs.480 per pound for two days on april 22 and 23 in jewelery shops across tamil Nadu. This made the jewelery buyers happy. Sales also took a hit. Meanwhile, Savaran rose by 728 to Rs 45,648, the highest so far this year on Wednesday.

Meanwhile, the price of jewelery gold in chennai rose by Rs 44 to Rs 5,750 per gram today (Thursday). Sawaran rose by Rs 352 to sell at Rs 46,000. 8 grams of 24 carat pure gold is selling at Rs.49,696. Similarly, silver rose by Rs 1.00 to trade at Rs 82.80 per gram. The price of one kilo bar of silver today is Rs.82,800.

The US Federal Reserve raised interest rates by another 25 basis points on Wednesday. As a result of this volatility in stock markets, international investment in gold has increased significantly.

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G GOWTHAM

04/05/2023 12:21 PM