Gold prices in Chennai witnessed a decline in today`s bullion market trading, bringing some relief to jewellery buyers and investors. Both 22-carat and 18-carat gold rates registered a drop during the morning session, while silver prices also moved lower compared to the previous trading day.
According to the latest market update, the price of 22-carat gold in Chennai has decreased by ₹20 per gram and is currently trading at ₹14,480 per gram.
Similarly, 18-carat gold prices have fallen by ₹20 per gram, with the metal now being sold at ₹12,160 per gram.
Silver prices also recorded a decline. The price of silver has dropped by ₹5 per gram and is currently trading at ₹285 per gram in Chennai jewellery market.
Similarly, 18-carat gold prices have fallen by ₹20 per gram, with the metal now being sold at ₹12,160 per gram.
Silver prices also recorded a decline. The price of silver has dropped by ₹5 per gram and is currently trading at ₹285.
With wedding purchases and investment demand remaining strong across Tamil Nadu, many consumers are tracking daily gold and silver rates to make informed buying decisions. The current correction in prices may encourage fresh purchases among retail customers looking to take advantage of lower rates.
Market analysts expect precious metal prices to remain volatile in the coming days as investors react to global economic developments and international commodity market movements.
