Gold Price Falls in Evening Trade After Hitting Record Highs in Chennai

Gold prices in Chennai, which have been touching new record highs in recent days, eased slightly in the evening trade today. Earlier in the morning, 22-carat gold jewellery rose by ₹320 per sovereign to ₹1,02,960, while the price per gram increased to ₹12,870.

However, in the evening session, gold prices declined due to profit booking. The price of 22-carat gold fell by ₹560 per sovereign to ₹1,02,400, and the per gram rate dropped by ₹70 to ₹12,800.

Silver prices also witnessed a correction. After rising sharply in the morning to ₹2.83 lakh per kilogram, silver prices slipped by ₹6,000 in the evening to ₹2.77 lakh per kilogram. The per gram silver price declined from ₹283 to ₹277.

Despite the intraday correction, bullion prices remain near record highs, supported by strong global cues and safe-haven demand.