Gold prices in Chennai have dropped sharply today, bringing relief to jewelry buyers. The price of 22-carat gold has decreased by ₹2,120 per sovereign, with one sovereign now selling at ₹1,21,600. The price per gram has fallen by ₹265, bringing the rate to ₹15,200 per gram.
On the previous day, gold prices saw two changes in a single day. In the morning, the price dropped by ₹80 per sovereign, bringing it to ₹1,25,200, while the price per gram decreased by ₹10 to ₹15,650. Later in the evening, the price fell sharply again by ₹1,480 per sovereign, bringing the rate down to ₹1,23,720 per sovereign and ₹15,465 per gram.
Meanwhile, silver prices have also declined today. The price of silver has fallen by ₹20 per gram, and currently one gram of silver is being sold at around ₹295. The price of bar silver stands at approximately ₹2,95,000.
Gold Price in Chennai (Last 5 Days – 22 Carat per Sovereign)
03-03-2026: ₹1,23,720
02-03-2026: ₹1,25,280
01-03-2026: ₹1,26,200
28-02-2026: ₹1,24,400
27-02-2026: ₹1,19,200
Silver Price in Chennai (Last 5 Days – per Gram)
03-03-2026: ₹315
02-03-2026: ₹315
01-03-2026: ₹325
28-02-2026: ₹320
27-02-2026: ₹295
The sharp fall in gold prices has created interest among buyers and investors, as many people are expected to take advantage of the latest drop in gold rates in Chennai.
