Gold prices in Chennai, which have been fluctuating in line with global market trends, witnessed a slight decline today after touching a record high earlier this week.

On January 26, gold prices crossed ₹15,000 per gram for the first time, with 22-carat gold selling at ₹1,20,200 per sovereign. However, prices eased today, with 22-carat gold falling by ₹520 per sovereign to ₹1,19,680. The price per gram dropped by ₹65, settling at ₹14,960.

Despite the minor dip, gold prices have remained on a strong upward trend since the beginning of the year, driven by continued investment interest.

Silver Price Update

Silver prices rose today, with silver increasing by ₹12 per gram to trade at ₹387 per gram. Bar silver is priced at ₹3.87 lakh per kg.