Gold prices in Chennai witnessed a significant decline on Monday, with rates falling by up to ₹640 per sovereign compared with the previous trading session, offering a breather to buyers after recent rallies in the precious metal market.
According to live market data, the price of 22‑carat gold in Chennai is trading around ₹13,020 per gram, while 24‑carat gold is priced at approximately ₹14,204 per gram. 18‑carat gold stands near ₹10,865 per gram.
The drop reflects broader market movements after gold had strengthened earlier in December, driven by safe‑haven demand amid global economic uncertainties. Buyers planning jewellery purchases may find today’s rates relatively favourable before possible future fluctuations.
Market watchers note that while prices remain elevated compared to earlier months, the sharp dip on Monday could prompt increased interest from retail buyers in the local market.