Gold prices in Chennai experienced a notable increase today, reflecting broader global trends.
The price of 22-carat gold rose by ā¹160 per sovereign, bringing the rate to ā¹72,640 per sovereign (ā¹9,080 per gram) . This uptick follows a surge of ā¹880 on June 2, when prices climbed from ā¹71,600 in the morning to ā¹72,480 by evening
The rise in gold prices is attributed to increased safe-haven demand amid global uncertainties, including geopolitical tensions and fluctuations in the US dollar index. Analysts suggest that such factors are driving investors toward gold, traditionally considered a stable investment during volatile times
In addition to gold, silver prices in Chennai also saw a slight increase, rising by ā¹2 to reach ā¹113 per gram. As global economic conditions continue to evolve, market watchers advise consumers and investors to stay informed about precious metal trends.