Gold prices in Chennai have witnessed a sharp decline on Tuesday. The price of ornament gold has dropped by ₹960 per sovereign, bringing the rate down to ₹1,14,560 per sovereign.

Gold Price Movement in Chennai

Gold prices have shown sudden fluctuations over the past few days:

– On February 14, gold prices surged by ₹1,280 per sovereign, reaching ₹1,16,480.

– On Monday, the price fell by ₹960, bringing it down to ₹1,15,520 per sovereign.

– Now, on Tuesday, gold has further declined by ₹960, settling at ₹1,14,560 per sovereign.

Latest Gold Rate in Chennai

Per Gram: ₹14,320 (down by ₹120)

Per Sovereign (8 grams): ₹1,14,560 (down by ₹960)

Chennai gold rates continue to fluctuate due to global market trends and domestic demand.

Silver Price in Chennai

Unlike gold, silver prices remain unchanged:

Silver per gram: ₹265

Silver per kilogram: ₹2.65 lakh

Investors and jewellery buyers are closely monitoring the gold and silver rate in Chennai as prices continue to show volatility.