Gold prices in Chennai experienced a notable increase today, reflecting broader global trends.
The price of 22-carat gold rose by ₹160 per sovereign, bringing the rate to ₹72,640 per sovereign (₹9,080 per gram) . This uptick follows a surge of ₹880 on June 2, when prices climbed from ₹71,600 in the morning to ₹72,480 by evening
The rise in gold prices is attributed to increased safe-haven demand amid global uncertainties, including geopolitical tensions and fluctuations in the US dollar index. Analysts suggest that such factors are driving investors toward gold, traditionally considered a stable investment during volatile times
In addition to gold, silver prices in Chennai also saw a slight increase, rising by ₹2 to reach ₹113 per gram. As global economic conditions continue to evolve, market watchers advise consumers and investors to stay informed about precious metal trends.