Chennai witnessed a significant decline in gold prices on Saturday, June 7, 2025. The price of 22-carat gold fell by ā¹150 per gram, bringing it down to ā¹8,980. Consequently, the cost of one sovereign (8 grams) decreased by ā¹1,200, settling at ā¹71,840.This drop follows a period of relative stability, where gold prices remained unchanged at ā¹73,040 per sovereign on both June 5 and 6. Earlier in the week, prices had seen incremental increases: ā¹1,120 on Monday, ā¹160 on Tuesday, and ā¹80 on Wednesday.
Silver prices also experienced a decline. The rate per gram decreased by ā¹1, making it ā¹117, while the price per kilogram dropped by ā¹1,000, now standing at ā¹117,000.
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.