Gold and Silver Prices Rise in Chennai; Gold Up Rs 1,360 per Sovereign

Gold and Silver Prices Rise in Chennai; Gold Up Rs 1,360 per Sovereign

Gold and silver prices witnessed an upward trend in Chennai on Friday, February 7, reflecting fluctuations in international markets.

The price of 22-carat gold jewellery increased by ₹1,360 per sovereign, taking the rate to ₹1,15,360 per sovereign. However, the per gram price slipped by ₹200 and is now selling at ₹14,420 per gram.

Gold prices had declined over the previous two days. On February 5, the price fell by ₹580 per gram to ₹14,320, while the sovereign rate dropped sharply by ₹4,640 to ₹1,14,560. Silver also saw a decline, falling by ₹20 per gram to ₹300, and by ₹20,000 per kilogram.

On February 6, gold prices continued to drop, with the sovereign rate decreasing by ₹1,600 to ₹1,12,960 and the gram rate falling to ₹14,120. However, prices recovered in the evening, with gold rising by ₹130 per gram.

Current Rates (February 7):

Gold (22-carat): ₹1,15,360 per sovereign | ₹14,420 per gram
Silver: ₹285 per gram | ₹2,85,000 per kilogram

With weekend trading underway, both gold and silver have shown renewed strength after recent volatility.

Gold Price Drops by Rs 4,640 per Sovereign Today; Silver Falls Rs 20,000 per Kg

Gold Price Drops by Rs 4,640 per Sovereign Today; Silver Falls Rs 20,000 per Kg

Gold prices witnessed a sharp decline today (Thursday), offering temporary relief to buyers after the recent record-breaking surge. The price of gold fell by ₹4,640 per sovereign, while silver prices dropped by ₹20,000 per kilogram.

Over the past few weeks, gold prices have been rising at an unprecedented pace, with one sovereign crossing the ₹1 lakh mark. Daily price fluctuations running into thousands of rupees have been reported in the bullion market. Notably, on January 29, gold prices surged by a massive ₹9,520 per sovereign in a single day. After a brief dip, prices had increased again over the last two days before today’s correction.

Gold Price Today

One sovereign (8 grams): ₹1,14,560 (down by ₹4,640)

One gram of gold: ₹14,320 (down by ₹580)

Silver Price Today

Silver per gram: ₹300 (down by ₹20)

Silver per kilogram: ₹3,00,000 (down by ₹20,000)

Market experts say the decline comes after extreme volatility and profit booking in international and domestic bullion markets. Buyers are advised to closely monitor price movements as fluctuations are expected to continue.

Gold and Silver Prices Witness Sharp Fluctuations, Jewelry Buyers Shocked

Gold and Silver Prices Witness Sharp Fluctuations, Jewelry Buyers Shocked

The price of gold has been fluctuating continuously over the past several days. On the 29th of last month, the price of one gram of gold had surged to Rs. 16,800. Since then, prices have been moving up and down.

In Chennai, the day before yesterday, one gram of gold was sold at Rs. 13,950. After a slight decline over the previous few days, gold prices rose twice yesterday. In the morning, the price increased by Rs. 80 per gram, reaching Rs. 14,030 per gram and Rs. 1,12,240 per sovereign (8 grams), reflecting a rise of Rs. 640 per sovereign. By evening, the price further increased by Rs. 240 per gram, touching Rs. 14,270 per gram and Rs. 1,14,160 per sovereign, an increase of Rs. 1,920 per sovereign.

Overall, gold prices jumped by Rs. 2,560 per sovereign in a single day, causing concern among gold jewelry buyers.

Today, gold prices have risen sharply again. In Chennai, the price of 22-carat gold jewelry has increased by Rs. 5,040 per sovereign, with one sovereign selling at Rs. 1,19,200. The price per gram has gone up by Rs. 630, reaching Rs. 14,900.

Following the surge in gold prices, silver prices have also increased today. The price of silver has gone up by Rs. 20 per gram, with one gram selling at Rs. 320 and a silver bar priced at Rs. 3,20,000.

Gold Price – Last Five Days (22 Carat, per Sovereign)

03-02-2026: Rs. 1,14,160
02-02-2026: Rs. 1,11,600
01-02-2026: Rs. 1,19,200
31-01-2026: Rs. 1,19,200
30-01-2026: Rs. 1,26,800

Silver Price – Last Five Days (per Gram)

03-02-2026: Rs. 300
02-02-2026: Rs. 300
01-02-2026: Rs. 320
31-01-2026: Rs. 320
30-01-2026: Rs. 405

Chennai Gold Rate Today (Feb 3): Gold Up ₹640 per Sovereign, Silver Down

Chennai Gold Rate Today (Feb 3): Gold Up ₹640 per Sovereign, Silver Down

The price of ornamental gold in Chennai increased today (February 3), with the rate going up by ₹640 per sovereign, reversing the recent downward trend in gold prices.

Gold Price Movement in Recent Days

Gold prices had been witnessing a steady rise in recent weeks. However, from January 30, prices began to decline sharply.

Over the last two days alone, gold prices fell by ₹15,200 per sovereign, and on Saturday, one sovereign was sold at ₹1,19,200.

On Monday, the first trading day of the week, gold prices declined further:

₹950 drop per gram, selling at ₹13,950

₹7,600 drop per sovereign, selling at ₹1,11,600

Today’s Gold Rate in Chennai (Feb 3)

Following the decline, gold prices have rebounded today:

Gold per sovereign: ₹1,12,240 (up by ₹640)

Gold per gram: ₹14,030 (up by ₹80)

Silver Price Update

Silver prices, meanwhile, recorded a decline today:

Silver per gram: ₹280 (down by ₹20)

Silver per kg (bullion): ₹2.80 lakh (down by ₹20,000)

Gold Price Drops Today (Dec 31); Silver Rates Remain Unchanged in Chennai

Gold Price Drops Today (Dec 31); Silver Rates Remain Unchanged in Chennai

Gold prices in Chennai fell sharply today (December 31), bringing some relief to buyers after days of steady gains. The price of one sovereign (8 grams) of gold has dropped by ₹400, and is now being sold at ₹1,00,400.

Today’s Gold Rates in Chennai

22-carat gold: Down by ₹50 per gram, now at ₹12,550 per gram

24-carat gold: Down by ₹55 per gram, now at ₹13,690 per gram

24-carat gold (1 sovereign): Down by ₹440, now priced at ₹1,09,528

Silver Price Today

There is no change in silver prices today:

Silver (per gram): ₹258

Silver (per kilogram): ₹2,58,000

Silver prices had touched recent highs over the past few days and are currently holding steady.

Gold Prices Ease in Chennai on December 29; Silver Also Declines

Gold Prices Ease in Chennai on December 29; Silver Also Declines

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.