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Gold Prices back above Rs 22000 per 8 Gram

Gold prices rebound back to Rs. 22,000 levels after reaching 1-month low earlier last week. What is aiding the current up move is the dovish comments by US FED on the future interest rate hike.

On 15-Mar-2017, US FED hiked 25 bps interest rate which was on the expected line.

Due to current rupee strengthen sharp increase in prices are held. This uptrend can continue for the next 1-2 days.

Standard Gold (22 Carat) & Pure Gold (24 Carat) Prices per Gram in Chennai (INR)

  Gram Today (20-Mar-17) Yesterday (19-Mar-17) Price Change %
22 Carat Gold 1 2,750.00 2,749.00 0.04%  
8 22,000.00 21,992.00
24 Carat Gold 1 2,943.00 2,941.00 0.07%  
8 23,544.00 23,528.00

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