Chennai Gold Rate Today Morning: Gold Prices Rebound Sharply, Silver Declines on May 14
Gold prices in Chennai witnessed a strong rebound in today’s morning trading session (May 14), reversing yesterday evening’s sharp decline. After falling significantly in the previous session, gold rates have now increased again, bringing renewed attention from jewellery buyers, investors, and traders across Tamil Nadu.
According to the latest market update, the price of 22-carat ornamental gold in Chennai has increased by ₹400 per sovereign and is now trading at ₹120,400 per sovereign. On a per gram basis, the rate has risen by ₹50 and is currently priced at ₹15,050 per gram.
Meanwhile, silver prices moved in the opposite direction today. The silver rate in Chennai has decreased by ₹5 per gram and is now trading at ₹315 per gram. Similarly, the price of silver per kilogram has fallen by ₹5,000 and is currently priced at ₹315,000 per kilogram.
Yesterday evening, gold prices had witnessed a major correction, with 22-carat gold falling to ₹15,000 per gram and silver dropping to ₹320 per gram. However, today’s recovery in gold prices indicates continued volatility in the precious metals market.
Latest Gold & Silver Rates in Chennai – May 14
22K Gold Rate Today: ₹15,050 per gram (↑ ₹50)
22K Gold Rate per Sovereign: ₹120,400 (↑ ₹400)
Silver Rate Today: ₹315 per gram (↓ ₹5)
Silver Rate per Kilogram: ₹315,000 (↓ ₹5,000)
Market analysts say the fresh rise in gold prices is linked to fluctuations in global bullion markets, changes in international investor sentiment, and ongoing uncertainty in global economic conditions. Factors such as US dollar movement, inflation expectations, and international demand for safe-haven assets continue to impact domestic gold prices.
Jewellery buyers and investors are closely monitoring daily price movements as the market remains highly sensitive to global developments. Experts also expect continued fluctuations in gold and silver prices in the coming days depending on international commodity trends and market demand.
