Gold prices in Chennai have seen a substantial decline over the past few days, bringing relief to jewelry buyers. On November 13, the price of 22-carat gold decreased by ₹320 per sovereign, now selling at ₹56,360. This follows a significant drop of ₹1,080 on November 12, where gold was priced at ₹56,680 per sovereign. Over the last three days, gold prices have fallen by a total of ₹1,840 per sovereign.The unexpected drop on November 12 saw the price of a gram of gold decrease by ₹135, settling at ₹7,085. Today, November 13, an additional decrease brought the price per gram to ₹7,045.
This continuous decline has been welcomed by gold enthusiasts and potential buyers. Meanwhile, the price of silver has increased by ₹1 per gram, now being sold at ₹101 per gram.