After consecutive days of decline, gold prices in Chennai rebounded on Thursday, registering a notable increase.
The price of gold jewellery rose by ₹560 per sovereign, bringing the rate to ₹90,000 per sovereign. On a per-gram basis, the price increased by ₹70, now standing at ₹11,250 per gram.
Earlier this week, gold prices had fallen sharply. On Tuesday, the price dropped by ₹800 per sovereign, and again on Wednesday by ₹560, reaching ₹89,440 per sovereign (₹11,180 per gram). This amounted to a total decline of ₹1,360 per sovereign over two days before the latest recovery.
Silver Price Update:
In tandem with gold, silver prices also witnessed an upward movement. The price of silver increased by ₹1 per gram to ₹164, while one kilogram of bullion silver rose by ₹1,000, now selling at ₹1.64 lakh per kilogram.
With these changes, the bullion market in Chennai has shown signs of stabilization after a brief period of fluctuation in precious metal prices.
