Gold Prices Hit ₹7,000 in Tamil Nadu – Should You Buy Now or Wait?

Today, Tuesday, September 24, 2024, the price of gold is still rising gradually in India; one gram of 22-carat gold is currently valued at ₹7,000, while one gram of 24-carat gold is at a price rate of ₹7,455.

This marks a ₹20 increase per gram compared to yesterday, with the price of a sovereign (8 grams) now reaching ₹56,000 – an increase of ₹160. This change mirrors the rise we saw the previous day, raising the question of what’s behind this consistent upward trend in the gold market.

Gold has always been popular in India, especially after the recent cut in import duties, which gave an extra push to buying. While the demand has slowed down a bit, people are still buying more gold than what it was before.

Industry experts say that though the market has stabilized, interest in gold jewellery, bars, and coins remains high, particularly with festival season approaching.

It’s a good idea to monitor the daily rates because costs are still rising. Today’s price increase is essential, regardless of whether you want to purchase jewellery or make investments. Stay tuned for more gold-related updates as we follow these daily market trends happening in Tamil Nadu!

0

0