Gold prices in Tamil Nadu witnessed a significant rise over the weekend, with rates increasing by ₹2,400 per sovereign in the local market, reflecting sustained demand and global trend influences.
In Chennai, the price of 24-carat gold climbed sharply, prompting buyers and traders to closely monitor the trend ahead of the festive and wedding season. Silver rates also saw a marginal uptick, driven by similar market sentiment.
Market analysts attributed the surge to a combination of global gold price movements, changes in international demand, and fluctuations in foreign exchange rates. With investors increasingly turning to gold as a safe-haven asset amid economic uncertainties, jewellery shops and bullion traders reported heightened customer interest.
Consumers are advised to stay updated on daily price movements before making purchase decisions, as the rate changes are expected to continue in the near term.