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.

Gold and Silver Prices Drop Further in Chennai Today Morning

Gold and Silver Prices Drop Further in Chennai Today Morning

Gold and silver prices in Chennai continued their downward trend this morning, offering further relief to buyers after recent highs.

As of 9:32 AM, the price of 22-carat gold has fallen to ₹14,900 per gram, down by ₹950. 18-carat gold is now priced at ₹12,800 per gram, a decrease of ₹500.

Silver has also seen a sharp decline, now trading at ₹350 per gram, down by ₹55.

Last 2 Days Trend:
In the last two days, the price of gold has dropped sharply by ₹15,200 per sovereign. As of today, one sovereign (8 grams) is priced at ₹1,19,200, while one gram stands at ₹14,900.

Today’s Morning Rates (31.01.2026):

22K Gold: ₹14,900 per gram | ₹1,19,200 per sovereign
18K Gold: ₹12,800 per gram
Silver: ₹350 per gram

Market analysts say the sustained decline could encourage more customers to return to jewellery purchases after the steep price surge seen in recent weeks.

Gold Price Today in Chennai: 22 Carat Gold Jumps ₹9,520 Per Sovereign, Hits All-Time High

Gold Price Today in Chennai: 22 Carat Gold Jumps ₹9,520 Per Sovereign, Hits All-Time High

Gold prices in Chennai have surged uncontrollably, creating widespread concern among middle-class families. Once known for occasional spikes, gold prices are now witnessing sharp fluctuations every day, with rates changing between morning and afternoon sessions.

On the previous day, gold shocked buyers by recording the highest single-day rise in history. Prices increased by ₹370 per gram and ₹2,960 per sovereign in the morning, followed by another jump of ₹280 per gram and ₹2,240 per sovereign in the afternoon. In total, gold surged by ₹650 per gram and ₹5,200 per sovereign, closing at ₹15,610 per gram and ₹1,24,880 per sovereign.

The rally intensified today as 22-carat gold price in Chennai shot up by a massive ₹9,520 per sovereign in a single day. Gold is now being sold at ₹1,34,400 per sovereign and ₹16,800 per gram, marking a new all-time high.

Over the past 10 days alone, gold prices have climbed by ₹18,640 per sovereign, raising fears that gold may soon become unaffordable for many households.

Silver prices have also followed the upward trend. Today, silver rose by ₹25 per gram to reach ₹425 per gram, while silver bars are priced at ₹4.25 lakh.

Experts believe that although gold prices may remain volatile in the coming days, occasional corrections are possible. However, the current surge reflects strong global market pressure and growing investor demand for safe-haven assets.

Last 5 Days Gold Price (22 Carat – Per Sovereign)

28-01-2026: ₹1,24,880

27-01-2026: ₹1,19,680

26-01-2026: ₹1,20,200

25-01-2026: ₹1,18,000

24-01-2026: ₹1,18,000

Last 5 Days Silver Price (Per Gram)

28-01-2026: ₹400

27-01-2026: ₹387

26-01-2026: ₹375

25-01-2026: ₹365

24-01-2026: ₹365