Gold Price in Chennai Today (March 17, 2026): Rate Falls to ₹1,17,200 per Sovereign
Gold prices in Chennai have continued their downward trend on March 17, 2026, offering some relief to buyers. The price of 22K ornamental gold has dropped by ₹480 per sovereign, bringing the rate down to ₹1,17,200 per sovereign. On a per gram basis, gold prices have decreased by ₹60, now standing at ₹14,650 per gram.
Over the past few days, gold rates in Chennai have been consistently declining. On March 12, prices fell sharply by ₹1,200 per sovereign to ₹1,19,760. This was followed by a drop of ₹560 on March 13, taking the rate to ₹1,19,200. On March 14, gold prices declined further by ₹1,120, reaching ₹1,18,080 per sovereign.
At the beginning of the week (March 16), gold prices dipped again, with a reduction of ₹400 per sovereign to ₹1,17,680 and ₹50 per gram to ₹14,710. Continuing this trend, today’s additional fall highlights a sustained bearish movement in gold prices.
Market experts attribute this decline to fluctuations in global gold rates, a stronger US dollar, and changing economic conditions worldwide.
