Gold Prices Soar on Aadi Perukku Festival in Tamil Nadu

Gold prices have been experiencing fluctuations in recent weeks, but the overall movement has remained relatively moderate. The price of 22-carat gold declined by ₹640 per sovereign last week, while silver prices slipped by ₹5 per gram at the beginning of the week before remaining steady for six days.

The markets were closed on Sunday (August 2), and gold prices remained unchanged at ₹1,05,760 per sovereign. However, on Monday (August 3), coinciding with the Aadi Perukku festival in Tamil Nadu, gold prices recorded a fresh rise.

The price of 22-carat gold increased by ₹240 per sovereign to ₹1,06,000, while the per-gram price rose by ₹30 to ₹13,250. Financial experts suggest that investors should avoid making decisions based on daily price movements alone and instead focus on long-term goals.