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Global Gold Prices Fall 2.74% – Will Chennai Gold Rates Decline Soon?

Gold prices in Chennai have dropped again today, continuing the recent up-and-down trend in the market.

The price of 22-carat gold has fallen by ₹150 per gram, bringing it down to ₹13,950 per gram. One sovereign (8 grams) now costs ₹1,11,600.

18-carat gold has also seen a drop of ₹125 and is now priced at ₹11,635 per gram.

24 Carat Gold Price

1 gram: ₹15,218 (approx.)
8 grams: ₹1,21,744

Silver Price

Silver remains unchanged today:

1 gram: ₹265
1 kg: ₹2,65,000

Market Insight

After yesterday’s small dip, gold prices have fallen a bit more today. This kind of fluctuation is quite common and is mainly influenced by global price movements, currency changes, and local demand.

Overall, the market continues to stay slightly unstable, with gold prices showing a downward trend for now.