Chennai Gold Rate Today (Evening): Gold and Silver Prices Decline for Second Consecutive Day

Gold prices in Chennai declined further during the evening session on Wednesday, extending the correction in the bullion market. The latest revision saw both 22-carat and 18-carat gold prices fall by ₹80 per gram, while silver remained unchanged.

According to the latest evening bullion market rates:

• 22-carat gold fell by ₹80 per gram to ₹13,250.

• 18-carat gold also declined by ₹80 per gram to ₹11,070.

• Silver remained unchanged at ₹245 per gram.

Chennai Gold & Silver Rates – Evening Update (July 8, 2026)

The latest decline comes after gold prices had already witnessed a sharp correction earlier this week, making it the second consecutive day of lower prices. The easing trend is expected to provide some relief to jewellery buyers, while investors continue to monitor global bullion market movements.

Market analysts attribute the decline to fluctuations in international gold prices, changes in the US dollar, and evolving global economic conditions. Further price movements are likely to depend on upcoming global economic data and international market trends.