Gold gets dearer; Rs 53,640/svgn in chennai
The price per gram went up by Rs 35 to touch Rs 6,705, a record high in city markets.
CHENNAI: Gold and silver prices hit fresh lifetime high levels for the third straight session on Wednesday, with the yellow metal breaching Rs 72,000 per 10 grams level in the national capital amid strong cues in the overseas markets.
Gold prices rose Rs 160 to hit its lifetime high of Rs 72,000 per 10 grams in the national capital. It had settled at a record Rs 71,840 per 10 grams on Tuesday. Similarly, silver prices climbed Rs 200 to hit a record Rs 84,700 per kg. Meanwhile in Chennai, the price of 22-carat gold went up by Rs 280 per sovereign on Wednesday, with a sovereign being sold at Rs 53,640. The price per gram went up by Rs 35 to touch Rs 6,705, a record high in city markets.
The demand for gold in the domestic market is fuelled by its use for jewellery in marriages. However, jewellers here said the soaring gold price may dampen the demand.
