Gold Price Drops Sharply in Chennai; 22-Carat Gold Falls to ₹1,18,080 Per Sovereign

Gold prices in Chennai have recorded a sharp decline today after fluctuating over the past few days. The price of 22-carat gold jewellery has fallen significantly in the city’s bullion market.

Today, the price of gold per sovereign (8 grams) has decreased by ₹1,120, bringing the rate down to ₹1,18,080. The price per gram of gold has also dropped by ₹140, and it is currently being sold at ₹14,760 per gram.

In the previous trading session, gold was sold at around ₹1,19,200 per sovereign, after a smaller decline of ₹560. The per-gram price stood at ₹14,900.

Silver prices have also shown minor fluctuations in the market. Earlier, silver prices dropped by ₹10 per gram, reaching ₹280 per gram, while bar silver was sold at around ₹2,80,000. In the latest update, silver prices remain steady at around ₹290 per gram, with bar silver priced at about ₹2,90,000.

Gold Price Trend in the Last 5 Days

13-03-2026: ₹1,19,200 per sovereign

12-03-2026: ₹1,19,760 per sovereign

11-03-2026: ₹1,20,960 per sovereign

10-03-2026: ₹1,20,400 per sovereign

09-03-2026: ₹1,19,600 per sovereign

Silver Price Trend in the Last 5 Days

13-03-2026: ₹290 per gram

12-03-2026: ₹290 per gram

11-03-2026: ₹300 per gram

10-03-2026: ₹300 per gram

09-03-2026: ₹290 per gram

Jewellery traders say the recent fluctuations in gold and silver prices are influenced by global market trends and demand in the bullion market.

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