Precious metal prices have declined in Chennai today, offering some relief to buyers. Both gold and silver rates recorded a drop in the latest market update.

22K Gold Rate Today

March 1 Price: ₹15,775 per gram

March 2 Price: ₹15,660 per gram

Decrease: ₹115 per gram

Gold Sovereign (8 grams)

Previous Price: ₹1,26,240

Today’s Price: ₹1,25,280

Drop: ₹960

The fall in gold prices is attributed to fluctuations in international bullion markets and currency trends.

Silver Rate Today

Silver prices have also declined in Chennai.

Previous Rate: ₹325 per gram

Today’s Rate: ₹315 per gram

Decrease: ₹10 per gram

The dip in silver rates may encourage fresh buying among investors and jewellery makers.