Chennai Gold Price Today: 22K and 18K Gold Rates Decline by ₹50 on August 4, 2026

Gold prices in Chennai declined on Tuesday, August 4, 2026, according to the latest morning rates released by the Madras Jewellers & Diamond Traders Association (MJDTA). Both 22-carat and 18-carat gold prices fell by ₹50 per gram, while silver prices remained unchanged.

The 22K gold rate dropped from ₹13,250 to ₹13,200 per gram, registering a decline of ₹50. Similarly, the 18K gold rate decreased by ₹50 per gram, falling from ₹11,065 to ₹11,015.

Meanwhile, the silver rate in Chennai remained steady at ₹235 per gram, with no change compared to the previous trading session.

Chennai Gold and Silver Rates Today – August 4, 2026

22K Gold (1 Gram): ₹13,200 (▼ ₹50)
18K Gold (1 Gram): ₹11,015 (▼ ₹50)
Silver (1 Gram): ₹235 (No Change)

Factors Influencing Gold Prices

Gold prices in Chennai fluctuate daily due to several domestic and international market factors, including:

- Global bullion market trends
- US dollar exchange rate movements
- Inflation and interest rate expectations
- Central bank monetary policies
- Geopolitical developments
- Demand from jewellery buyers and investors
- International gold prices and import costs

These factors play a crucial role in determining the daily gold and silver prices across Chennai and other parts of India.