today gold price in chennai 22th june 2023

a summary of the current and historical trends of the value of gold in different currencies and markets. Gold is a precious metal that is widely used for jewelry, investment, and industrial purposes. Gold prices are influenced by various factors such as supply and demand, geopolitical events, inflation, interest rates, and market sentiment.

in article's

1,History of gold mining

2,today gold price in chennai

3,History of silver mining

4,today gold price madurai

 

History of gold mining 

The price of gold has increased approximately 4,750% since 1935 when President Franklin D. Roosevelt raised the value of gold to $35 per ounce1.

Gold prices in India are quoted in Indian Rupees (INR) and can also be converted into other currencies.

India is one of the largest consumers of gold in the world and has a strong cultural and religious affinity for the metal.

Gold prices are also affected by the performance of other precious metals such as silver and palladium, as well as the prices of crude oil, stock exchange indices, bonds, and currency exchange rates.

gold is a precious metal that has been associated with Southeast Asia since ancient times. The region was known to the Indian merchants of the 1st millennium BCE as Suvarnabhumi: 'Land of Gold', which is thought to refer to the mainland, including lower Burma and the Thai Malay Peninsula, and Suvarnadvipa: 'Islands of Gold', which may correspond to the Indonesian Archipelago, including Sumatra. Gold was also sought after by the Chinese, who were impressed by the quantities of gold present in the region.

Gold is distributed throughout Southeast Asia in igneous and metamorphic hard rock deposits and in sedimentary placer deposits. Some of the gold producing regions include the Philippines, Sumatra, Borneo, Timor, Malaysia, Thailand, Burma, Vietnam, Laos and Cambodia. Gold first appears in the archaeological record in 400 BCE, at about the same time as iron, semiprecious stone polishing and glass working, suggesting that the techniques of gold extraction and working were introduced to Southeast Asia via Indian and/or Chinese merchants seeking gold ores .

Before looking at the history of gold, let us look at today's gold and silver price situation. 

Today's gold price in Chennai

22th june 2023
Chennai 22k	Price	Change's
1 gram 22k	₹5485	₹20🔻
8 gram 22k	₹43,880	₹160🔻
10 gram 22k	₹54,850	₹300🔻
1 kg silver	₹71,090	₹1470🔻
10 gram silver	₹750	₹15🔻
10 gram 24k	₹60,600	₹220🔻

Gold was used for various purposes in Southeast Asia, such as jewellery, ornaments, ritual objects, currency and trade. Gold was also a symbol of status, power and prestige for many ancient civilizations and kingdoms in the region. Some examples of gold artefacts from Southeast Asia include the Dong Son drums from Vietnam (c. 600 BCE to 200 CE), the Wonoboyo hoard from Java (c. 9th century CE), the Butuan boat from Mindanao (c. 10th century CE) and the Bujang Valley beads from Kedah (c. 11th century CE).

I hope this information helps you learn more about the history of gold mining in Asia.

History of silver mining 

Silver was one of the first five elements discovered, along with gold, copper, lead, and iron, and has been mined for over 6000 years.

Silver jewellery was often associated with special powers by ancient civilizations; they believed it brought healing powers, good fortune, and warded off evil spirits.

The word ‘silver’ comes from the Anglo-Saxon word 'seolfor’.

 More gold fact 

In ancient Egypt, silver was valued much more highly than gold.

Silver gets many mentions in the Bible.

Silver jewellery has a rich and storied history that dates back to ancient Sumeria (modern-day Iraq) around 4000 BCE. From there, the use of silver in jewellery spread to Egypt, Greece, Rome, and beyond.

In many cultures, silver was considered to be a sacred metal, and was often used in religious ceremonies and rituals.

Silver jewellery became more intricate and ornate as techniques and tools evolved, with elaborate designs and patterns that reflected the aesthetics of the time.

Before looking at the history of gold and silver, let's take a look at today's gold and silver prices. 

Today's gold price in Madurai

22th june 2023
Madurai 22k	Price	Change's
1 gram 22k	₹5520	₹20🔻
8 gram 22k	₹44,160	₹160🔻
10 gram 22k	₹55,200	₹200🔻
1 kg silver	₹71,090	₹1470🔻
10 gram silver	₹750	₹15🔻
10 gram 24k	₹60,600	₹220🔻

During the Middle Ages, silver jewellery continued to be a popular choice for both men and women. In Europe, silver was often used to create elaborate crowns, necklaces, and other pieces for royalty and the wealthy.

In the 19th and early 20th centuries, advances in technology and mass production techniques made silver jewellery more affordable and accessible to the general public. Silver jewellery became a popular choice for everyday wear, with simple and elegant designs that could be worn with a variety of outfits.

Today, silver jewellery remains a popular choice for people of all ages and backgrounds. From classic designs that reflect the traditions of ancient cultures to modern styles that reflect the latest trends in fashion, silver jewellery continues to evolve and adapt to the changing times.

I hope you enjoyed these facts about the history of silver jewellery. If you are interested in buying some silver jewellery for yourself or as a gift, contact me.