Chennai Gold Rate Today (August 5, 2026): 22K Gold Jumps ₹160 Per Gram, Silver Up ₹5

Gold prices in Chennai witnessed a strong rally on Wednesday, August 5, 2026, according to the latest morning rates released by the Madras Jewellers & Diamond Traders Association (MJDTA). Both 22-carat (22K) and 18-carat (18K) gold prices increased by ₹160 per gram, while silver prices rose by ₹5 per gram.

The 22K gold rate climbed from ₹13,200 to ₹13,360 per gram, registering a sharp increase of ₹160. Likewise, the 18K gold rate rose from ₹11,015 to ₹11,175 per gram, also gaining ₹160 per gram.

Meanwhile, the silver price in Chennai increased from ₹235 to ₹240 per gram, recording a ₹5 rise over the previous trading session.

Chennai Gold and Silver Rates Today – August 5, 2026

22K Gold (1 Gram):  ₹13,360 (▲ ₹160)
18K Gold (1 Gram):  ₹11,175 (▲ ₹160)
Silver (1 Gram):  ₹240 (▲ ₹5)

Gold Prices Register Sharp Single-Day Gain

Today`s increase marks a significant jump in Chennai`s bullion market, with 22K and 18K gold recording a ₹160 per gram increase compared to the previous day`s rates. The rise reflects positive sentiment in the global precious metals market and changing domestic demand.

Silver also moved higher, gaining ₹5 per gram to reach ₹240, ending its previous flat trend.

Factors Influencing Gold Prices

Gold and silver prices in Chennai are influenced by several domestic and international factors, including:

- Global bullion market trends
- International gold prices
- US dollar exchange rate movements
- Inflation and interest rate expectations
- Central bank monetary policies
- Geopolitical developments
- Jewellery demand and investment activity
- Import duties and transportation costs

As these factors continue to change, gold prices in Chennai may fluctuate throughout the trading week.