Have you at any point asked yourself how the gold rate in Chennai today is fixed? It is more complex than you think to decide the rates of Gold in Chennai. So let us look into the factors that affect the gold rate in Chennai. 1. Interest Rate: One major factor is the rate of int...
Tamil nadu Nagapattinam Gold prices have increased, indicating high demand for gold. According to some predictions, it is expected to hit a high of 65K for 10 grams in the next 2 years. Besides, the pandemic has wreaked havoc, resulting in low-interest rates, rising inflation rates, high ...
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Interest Rates:Gold prices depend on the interest rates and have an inversely proportional relationship with them. Rising interest rates always impact gold prices which see a decline in buying of gold. Jewellery Markets: India uses a lot of gold jewellery for weddings and other festivities. There...
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Some of the main factors to understand the fluctuation of gold prices are; Demand and Supply: Demand and supply situations affect the gold rate in Chidambaram today. High demand and low supply lead to an increase in gold prices in Chidambaram. Interest Rates: Gold prices depend on the interes...
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The full form of MCLR is“Marginal Cost of Funds based Lending Rate”. MCLR is the minimum rate of interest with which a bank can lend. MCLR is an internal standard linked to tenor, meaning that the bank decides the rate directly based on the time left to repay a loan. ...
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