1. Sudden Price HikeGold buyers in
Chennai were surprised today as
jewellery prices jumped sharply in a single day.
2. How Much Did It Rise?The price of
pure gold (24K) increased by
₹5,040 per sovereign (8 grams) in just one day, alarming both customers and traders.
3. Current Rate OverviewThe surge reflects
market volatility influenced by global demand, currency fluctuations, and international gold trends.
4. Impact on BuyersThose planning to buy gold for
investments, weddings, or personal use will need to reconsider purchases due to the sudden price rise.
5. Expert AdviceJewellery traders suggest monitoring
daily rates and being cautious about making large purchases during periods of sharp price fluctuations.
6. Global Trends Affect local MarketsThe rise in chennai mirrors
international gold market movements, emphasizing how global economic factors directly affect domestic rates.
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