Gold prices in Chennai surged to a fresh all-time high on Friday, continuing the strong upward trend seen this week. On December 27, the price of gold increased by ₹110 per gram, taking the rate to ₹13,000 per gram. With this rise, the price of one sovereign (8 grams) climbed to ₹1,04,000.
Gold prices have been steadily rising amid strong investor interest and ongoing global economic uncertainty, reinforcing gold’s status as a safe-haven investment.
Meanwhile, silver prices also recorded a sharp increase. On December 27, silver rose by ₹20 per gram, pushing the rate to ₹274 per gram. The surge in silver prices is attributed to strong demand from industrial sectors such as renewable energy, electrical equipment, and electric vehicles.
Market experts expect precious metal prices to remain firm in the coming days, supported by sustained demand and global market volatility.
