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.
