Gold Price Drops Sharply in Chennai: ₹5,360 Fall Per Sovereign in One Day
Gold prices have witnessed a sharp decline in Chennai today (March 19, 2026), bringing significant relief to buyers. In a major drop, the price of gold has fallen by ₹5,360 per sovereign in a single day, marking one of the steepest declines in recent times.
As per the latest rates, 22-carat gold is now priced at ₹13,900 per gram, taking the cost of one sovereign (8 grams) to around ₹1,11,200. Silver prices have also seen a dip, currently trading at ₹265 per gram, down by ₹10.
Key Highlights:
- Gold drops ₹5,360 per sovereign in one day
- 22K Gold: ₹13,900 per gram
- 8 grams (1 sovereign): ₹1,11,200
- Silver: ₹265 per gram
Market experts attribute this sudden fall to global price fluctuations, US dollar movement, and changing investor sentiment.
With prices dropping sharply, this could be an ideal opportunity for buyers and investors to consider purchasing gold.
