The rate of the yellow metal called as Gold is rising by the day. It has crossed the 73000 mark in Chennai. 22 carat that is the ornamental gold is slightly less in rate.
There was some variation in the retail gold prices in major cities across the country with the price in Delhi hovering at around Rs 72,380 per 10 grams for 24-carat gold, while in Mumbai, the price was 72,230.
The price of gold was the highest in Chennai at Rs 73,370 per 10 grams while it was hovering around Rs 72,230 in Bengaluru and Kolkata.
Gold prices continue to peak in the international market as central banks of various countries are resorting to large purchases of the yellow metal since it is seen as a safe-haven asset .
People who used to invest in land are now going for the gold.
