Gold Price Falls by Rs 640 per Sovereign in Chennai Today
The price of gold in Chennai has declined again today. The price of 22-carat gold jewellery has decreased by Rs 640 per sovereign, bringing the rate to Rs 1,20,960 per sovereign.
Last week, gold and silver prices saw a sharp rise due to geopolitical tensions, as the United States and Israel launched attacks on Iran, with Iran retaliating. However, over the past few days, prices of precious metals have begun to ease slightly.
In Tamil Nadu, on March 3, gold jewellery was sold at Rs 15,465 per gram and Rs 1,23,720 per sovereign, while silver was priced at Rs 315 per gram.
On March 4, gold prices declined further. The price fell by Rs 265 per gram, bringing it down to Rs 15,200 per gram. The sovereign price dropped by Rs 2,120, reaching Rs 1,21,600. Silver prices also decreased by Rs 20 per gram to Rs 295, while the price per kilogram fell by Rs 20,000, settling at Rs 2.95 lakh.
Continuing the downward trend, today (March 5) the price of 22-carat gold jewellery has dropped by Rs 80 per gram, and it is now being sold at Rs 15,120 per gram. The sovereign price has decreased by Rs 640, reaching Rs 1,20,960.
Meanwhile, silver prices remain unchanged today, continuing to be sold at Rs 295 per gram and Rs 2,95,000 per kilogram.
