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%|
|24 Carat Gold||1||2,943.00||2,941.00||0.07%|