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February 21, 2025Gold prices rise sharply in all major cities of India
The gold rally continues in Chennai for the fourth time this week, driving 24-carat gold prices above Rs. 88,000. Other gold purities have also witnessed a surge as demand is soaring currently. The fears of a trade war in the US play a key role in pushing gold prices higher in Chennai and other major cities in India.
On Feb 20, carat gold rates in Chennai soared by Rs. 350 per 10 grams to cost Rs. 80,040 per 10 grams. The 24-carat gold rates also surged by Rs. 390 per 10 grams to cost Rs. 88,040. The cheaper variant, or the 18-carat gold, now costs Rs. 66,030, which surged by Rs. 290 per gram.
According to a recent Reuters report, spot gold rose 0.2% to $2,937.74 per ounce by 0235 GMT, staying close to its all-time high of $2,946.85, recorded on Wednesday. Meanwhile, U.S. gold futures gained 0.7% to $2,955.90 per ounce.
