Gold prices in Chennai witnessed a marginal decline in today’s morning trading session after recent fluctuations in the bullion market. Jewellery buyers and investors are closely monitoring the latest price movements as market trends continue to remain volatile.
According to the latest market update, the price of 22-carat gold has decreased by ₹50 per gram and is currently trading at ₹14,100 per gram in Chennai.
Similarly, 18-carat gold prices have also fallen by ₹40 per gram, taking the current rate to ₹11,770 per gram.
Meanwhile, silver prices have moved upward once again. The price of silver increased by ₹5 per gram and is now being sold at ₹285 per gram.
Today’s Gold and Silver Rates in Chennai (Morning)
22Kt Gold: ₹14,100 per gram (-₹50)
18Kt Gold: ₹11,770 per gram (-₹40)
Silver: ₹285 per gram (+₹5)
Market analysts say gold prices are witnessing minor corrections due to international bullion market fluctuations, changes in the US dollar index, and global economic developments. However, steady jewellery demand and investment interest continue to support the precious metals market.
Silver prices, on the other hand, are maintaining a positive trend amid rising industrial demand and investor activity.
With wedding season purchases and festive demand expected to continue, daily fluctuations in gold and silver prices are likely to remain a key focus among buyers across Tamil Nadu.
Stay tuned to LiveChennai.com for regular gold rate updates and market insights.
