Current Status of Gold Prices in Chennai
As of today, the gold prices in Chennai are witnessing a slight dip after a significant rise over the past few months. At the end of last year, a sovereign of gold was priced at ₹59,000. Following this, gold prices saw a fluctuating increase, reaching an unprecedented ₹80,000 per sovereign just six days ago, marking a substantial rise of ₹21,000 over the last nine months. Traders are speculating that gold prices may eventually touch ₹1 lakh per sovereign, leading to a positive outlook on future increases.
Recent Price Fluctuations
According to the latest updates, the current price for a gram of gold is ₹10,510, while a sovereign is priced at ₹84,080. This reflects a decrease from previous prices, where just two days ago, gold was selling for ₹10,600 per gram and ₹84,800 per sovereign. This recent drop of ₹90 for a gram and ₹720 for a sovereign indicates a momentary correction after several months of rising prices.
Price Summary Over the Last Few Days
- 25.09.2025: ₹84,080 per sovereign
- 24.09.2025: ₹84,800 per sovereign
- 23.09.2025: ₹85,120 per sovereign
- 22.09.2025: ₹83,440 per sovereign
- 21.09.2025: ₹82,320 per sovereign
Silver Prices Remain Steady
The price of silver has remained unchanged amidst the fluctuations in gold prices. As of now, silver is being sold for ₹150 per gram, and ₹1,50,000 per kilogram. This stability in silver pricing provides a contrast to the volatility seen in gold, offering investors a more predictable investment option during these uncertain times.
Future Predictions
Looking ahead, market analysts predict that gold prices may continue on an upward trajectory, especially as factors such as global economic conditions, inflation, and demand for gold as a safe-haven asset come into play. The expectation of reaching ₹1 lakh per sovereign is giving traders a sense of urgency to monitor prices closely.
Conclusion
In summary, gold prices in Chennai have shown a slight decline today but remain relatively high compared to historical averages. With recent trends indicating a potential for future increases, both buyers and investors are advised to stay updated on the market. The stability in silver pricing also presents a viable option for those looking to diversify their investments.
