Gold Price Rises ₹800 per Sovereign in Tamil Nadu; Silver Also Sees Increase
Gold prices in Tamil Nadu rose by ₹800 per sovereign on Tuesday to reach ₹1,20,400, while silver prices also increased amid changes in global market trends.
Prasanth Subramani
The price of jewellery gold in Tamil Nadu increased by ₹800 per sovereign on Tuesday, with the rate reaching ₹1,20,400 per sovereign.
Over the past week, gold prices in Tamil Nadu had fallen significantly, dropping by ₹6,450 per sovereign. The decline continued on Monday as well.
On Monday, gold prices fell by ₹100 per gram, bringing the rate down to ₹14,950 per gram, while the price per sovereign dropped by ₹800 to ₹1,19,600.
However, on Tuesday (March 10), gold prices rebounded. The rate of gold rose to ₹15,050 per gram, while the price per sovereign increased by ₹800 to reach ₹1,20,400.
Silver prices also witnessed an increase. The price of silver rose by ₹10 per gram, reaching ₹300 per gram, while one kilogram of silver is currently priced at around ₹3,00,000.
Market experts say that fluctuations in global crude oil investments and the strengthening of the US dollar had earlier pushed gold prices downward. However, the market saw a slight recovery in gold prices today.
Source : Dinamani
