Chennai, April 1-In Tamil Nadu, the price of ornamental gold sovereigns was sold at an unprecedented Rs. 67,400 yesterday. In the last three months alone, the price has increased by Rs. 10,200.
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will gold prices rise in india
Due to international conditions, the price of gold in our country continues to increase. In Tamil Nadu, last Saturday, 22-carat ornamental gold was sold at Rs. 8360 per gram. Sovereigns were sold at Rs. 66,880.
Silver was sold at Rs. 113 per gram. Yesterday, the price of gold rose by Rs. 65 per gram and was sold at Rs. 8425. Sovereigns were sold at Rs. 520. There was no change in the price of silver.
In this regard, Chennai Gold and Diamond Jewelers Association President Jayantilal Chalani said,
Additional duties have been imposed on goods imported from China and India to the US from April.
This will come into effect from April 2. While the US has been causing many problems for Iran, Iran announced last week that it has nuclear weapons.
It also released a video showing military artillery stored in basements. Due to such reasons, there is a threat to peace and security worldwide.
China has confiscated the assets of countries other than its allies. Not only this, China, Russia and their allies have started buying gold in large quantities using their US dollars. Due to this, the circulation of the dollar in the international market has increased and its value has decreased.
The price of gold has increased. Gold will reach new highs in the coming days. On January 1, one gram of gold was sold for Rs. 7,150 and one sovereign for Rs. 57,200.
Today, the price of one gram is Rs. 8,425 and the price of one sovereign is Rs. 67,400. In three months, one sovereign has increased by Rs. 10,200. If the situation continues like this, one pound will soon reach Rs. 80,000, he said.
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