Gold prices rise, reaching Rs.13,570 per gram
Recent market fluctuations see gold prices increase significantly in Tamil Nadu.
Market Update
In recent days, gold prices in Tamil Nadu have seen a notable rise, with the price of 22 karat gold reaching Rs.13,570 per gram in some places.
The price of silver has also seen an increase, with a kilogram selling at Rs.2,40,000, and a gram at Rs.240.
Price Fluctuations
On October 17, the price of gold increased by Rs.20 to Rs.13,550 per gram, while 22 karat gold reached Rs.13,570 per gram.
On October 19, the price of 22 karat gold saw a further increase, selling at Rs.13,570 per gram in some areas.
Factors Influencing Prices
The rise in gold prices is influenced by global economic factors, including changes in the value of the Indian rupee against the US dollar and the cost of mining.
The Indian government has also increased the central bank's gold purchase rate by 6 percentage points to 15 percent.
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