Gold Price: On the opening day of May, gold prices have come down sharply, giving some relief.
Petrol and diesel prices fluctuate due to international crude oil exports and imports. Similarly, when inflation and demand for gold increases, so does the price of gold.
Thus, the price of gold is rising and falling every day. Gold prices hit a fresh high of Rs 55,120 on April 19, but have since gradually declined and continued to fluctuate.
Accordingly, while the price of gold has been increasing for the past few days, it has decreased slightly today, the first day of the month. As of today (01-05-2024) in Chennai, the price of 22 carat jewelery gold has fallen by Rs.920 in a single day.
A bar of gold that sold for Rs.54,000 yesterday is selling for Rs.53,080 today. A gram of gold, which was sold at Rs 6,750 yesterday, has fallen by Rs 115 to Rs 6,635 today. Similarly, silver prices fell by 50 paise to Rs 86.50 per gram.
