Gold and Silver Prices Hit New Highs in Chennai, Surge Further by Evening
Gold prices continued their upward momentum on Tuesday, touching fresh all-time highs and leaving buyers stunned by sharp intraday increases. In the morning trade, the price of ornamental gold in Chennai rose by ₹1,280 per sovereign, taking the price to ₹1,08,880. On a per gram basis, gold increased by ₹160 to ₹13,610.
However, the rally intensified as the day progressed. By evening, gold prices jumped again by ₹2,320 per sovereign, pushing the rate to ₹1,11,200 per sovereign. With this surge, the price of gold crossed the ₹1.11 lakh mark per sovereign for the first time, marking a significant spike within a single day.
Silver prices also followed a similar upward trend. In the morning, silver rose by ₹12 per gram to ₹330, while one kilogram increased by ₹12,000 to ₹3,30,000. By evening, silver prices climbed further, gaining an additional ₹10 per gram and settling at ₹340 per gram in Chennai.
Market observers note that the sharp rise in both gold and silver reflects strong global cues and sustained investor demand, with precious metals continuing to act as safe-haven assets amid economic uncertainties.
