Gold Prices Rise in Chennai on May 2, 2026; Silver Also Gains
Gold prices in Chennai have moved upward on May 2, 2026, showing a recovery after the slight dip recorded in the previous trading session.
As per the latest market update, the price of 22-carat gold has increased by ₹80 per gram and is now trading at ₹14,000 per gram. Accordingly, the price of one sovereign (8 grams) stands at ₹1,12,000.
In the pure gold category, 24-carat gold is priced at ₹15,273 per gram, while one sovereign (8 grams) costs ₹1,22,184, indicating a steady upward movement in bullion rates.
Silver prices have also recorded a rise. The metal has increased by ₹5 per gram and is currently priced at ₹270 per gram. On a bulk scale, silver is trading at around ₹2,70,000 per kilogram.
The increase in prices comes after a minor decline on May 1, when gold rates had slipped slightly. Today’s rebound suggests that the market continues to remain volatile, with frequent fluctuations influenced by global trends.
Market analysts attribute the movement in gold and silver prices to factors such as international market conditions, currency fluctuations, and changes in local demand. With ongoing uncertainty in global markets, bullion prices are expected to remain dynamic in the coming days.
Traders and buyers are closely watching the trend, as further price changes are likely based on market developments and investor sentiment.
