Today the price of gold has touched a new record high. According to reports, one sovereign of gold has crossed Rs 30,000 in Chennai gold market. With wedding season ahead, the middle class and poor families are clueless as to how they would buy this yellow metal. It Rs 31,088 per eight grams todayExperts say that prolonged China-US trade conflicts and weakness of the rupee against major currencies are reasons for its price rise. Because of the rate cuts announced by the RBI, the rupee has weakened, it led to increase in gold rate.
Fast approaching are busy wedding season and no marriage is complete without gold jewels. The expense o gold is bound to burn a hole in their pockets, say many. Revenue Secretary Ajay Bhushan Pandey said that the government was looking at how to standardise gold prices, something which needs to be addressed. He said gold prices were moving up as people the world over have started shifting their investments to other asset classes, including gold.
Gold price touches new high, crosses Rs 31k mark
Business
Sep 04, 2019
Latest Business News
Latest Videos

Eeswaran Official Trailer
Jan 08, 2021

Dhruva Natchathiram Oru Manam Video Song
Oct 09, 2020

Seeru Official Trailer
Jan 24, 2020

Soorarai Pottru Official Teaser
Jan 07, 2020
Latest Galleries

Rajini Makkal Mandram Celebrates Thalaivar...
Dec 14, 2020

RMM Celebrates Thalaivar Birthday Photos
Dec 12, 2020

Parvathy Nair Latest Photos
Nov 04, 2020

A mouse and frog became friends in Indonesia...
Oct 22, 2020
About Us
Thandoratimes.com is news and entertainment website. We provide you with the latest breaking news , images and videos from the industry.
Contact us: [email protected]
Contact
- [email protected]
- Chennai, Tamilnadu, India
Copyright © 2023 All Rights Reserved.