Chennai witnessed a significant decline in gold prices on Saturday, June 7, 2025. The price of 22-carat gold fell by ₹150 per gram, bringing it down to ₹8,980. Consequently, the cost of one sovereign (8 grams) decreased by ₹1,200, settling at ₹71,840.This drop follows a period of relative stability, where gold prices remained unchanged at ₹73,040 per sovereign on both June 5 and 6. Earlier in the week, prices had seen incremental increases: ₹1,120 on Monday, ₹160 on Tuesday, and ₹80 on Wednesday.
Silver prices also experienced a decline. The rate per gram decreased by ₹1, making it ₹117, while the price per kilogram dropped by ₹1,000, now standing at ₹117,000.
These fluctuations in gold and silver prices are influenced by various factors, including global economic indicators and market demand. Investors and consumers are advised to stay informed about these changes when making purchasing decisions.