Gold prices in Chennai moved higher on Monday, August 3, 2026, according to the latest morning rates released by the Madras Jewellers & Diamond Traders Association (MJDTA). Both 22-carat and 18-carat gold prices increased by ₹30 per gram, while the silver  price remained unchanged.

The 22K gold rate in Chennai increased by ₹30 per gram, rising from ₹13,220 to ₹13,250. Likewise, the 18K gold price also gained ₹30 per gram, climbing from ₹11,035 to ₹11,065.

Meanwhile, the silver rate in Chennai remained steady at ₹235 per gram, showing no change from the previous trading session.

Chennai Gold and Silver Rates Today – August 3, 2026
22K Gold (1 Gram): ₹13,250 (▲ ₹30)
18K Gold (1 Gram): ₹11,065 (▲ ₹30)
Silver (1 Gram): ₹235 (No Change)

Gold  Prices Influenced by Global and Domestic Markets

The gold rate in Chennai fluctuates daily based on several domestic and international market factors. Key influences include:

– Global bullion market trends
– US dollar exchange rate movements
– Inflation and interest rate expectations
– Central bank monetary policies
– Geopolitical developments
– Demand from jewellery buyers and investors

These factors play a significant role in determining the daily prices of gold and silver across India.