After touching record highs earlier this week, gold prices in Chennai witnessed a decline on Sunday (December 29). The price of 22-carat jewellery gold fell by ₹640 per sovereign, offering slight relief to buyers.

With this reduction, gold is now being sold at ₹13,020 per gram, while the price of one sovereign (8 grams) stands at ₹1,04,160.

Silver prices also moved downward today. The metal recorded a drop of ₹4 per gram, and silver is currently priced at ₹281 per gram in the Chennai market.

Market observers note that while short-term fluctuations continue, precious metal prices remain sensitive to global economic cues and investor sentiment. Buyers are closely watching trends amid ongoing volatility in international markets.