Gold prices in Chennai have been steadily declining since March 2. On March 2, one sovereign (22-carat) was priced at Rs.1,25,280, which dropped to Rs.1,23,720 on March 3, Rs.1,21,600 on March 4, and Rs.1,20,960 on March 5. Continuing the downward trend today, the price of 22-carat gold jewellery has decreased by Rs.1,280 per sovereign and is now being sold at Rs.1,19,680. The price per gram has fallen by Rs.160 and is currently Rs.14,960.
Silver prices have also declined today. The price of silver has dropped by Rs.5 per gram and is now being sold at Rs.290 per gram in Chennai. Meanwhile, bar silver is priced at Rs.2,90,000. Over the past five days, silver prices have shown a gradual decline from Rs.325 per gram on March 1 to Rs.290 per gram today.
