The gold price has remained below 1800 dollars for the last 4 consecutive sessions in the international market. This continues to be the value of the dollar and the bond market remains strong even though it is not booming. The price of gold in the international market is at the level of 1740 dollars per ounce. The US Federal Reserve is expected to increase interest rates to control inflation. This could support safe-haven gold prices. If the central bank raises interest rates as expected, investments in gold, which is an interest-free investment, may decrease. Now, gold prices are in pressure now. gold prices were largely unchanged in the first half of the current financial year. Will the second half at least see a boom in this situation? Currently, the price of gold is likely to drop significantly. It is constantly seen below 1800 dollars.
22 carat gold price (10 grams) in chennai today- Rs.46,760
Mumbai – Rs.46,850
Bangalore – 46,880
Coimbatore, Madurai, and other major cities – Rs.46,850