High Gold Prices Drive More Chennai Residents to Sell Old Jewellery

With gold prices remaining close to record highs, an increasing number of Chennai residents are choosing to sell their old gold jewellery and unused ornaments to take advantage of the favourable market.

After witnessing minor fluctuations in recent days due to global economic developments, gold prices have strengthened again. In Chennai, 22-carat gold is currently priced at around ₹14,960 per gram, while the price of one sovereign (8 grams) is nearing ₹1.20 lakh. Silver prices have also risen significantly, boosting interest in the precious metals market.

Gold buying centres and jewellery stores across the city have reported a noticeable increase in customers looking to exchange old or unused jewellery for instant cash. Market observers believe the current price levels offer a good opportunity for those planning to liquidate idle gold assets.

Experts advise customers to compare offers from multiple buyers, check the latest market rate, ensure accurate purity testing, and understand deduction charges before finalising a sale to receive the best possible value.

Disclaimer: Gold prices are subject to daily market fluctuations. Customers should verify the latest rates and valuation policies before selling their gold.

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