Chennai:Gold prices rose today.Due to the war in Ukraine, there are economic threats all over the world. Crude oil and gold prices are rising sharply. Stock markets are falling. Investors across the globe are moving out of equity markets and shifting their investments to gold.
As a result, India’s current account deficit is increasing as more gold is being imported into India. And the exchange value of the rupee against the dollar is also depreciating.
In Chennai, jewelery gold prices rose by Rs 4 to Rs 4,676 per gram. Per pound Rs. 32 up to sell at Rs.37,408. Similarly, 24 carat pure gold is selling at Rs.40,624 per 8 grams.