Gold prices in Chennai remained steady on Monday, with 22-carat gold priced at ₹9,160 per gram and a sovereign (8 grams) valued at ₹73,280. The yellow metal showed no change from Sunday’s rates, suggesting a momentary pause in the price swings seen earlier this week. Silver prices also held firm at ₹126 per gram, reflecting overall price stability in Chennai’s precious metals market as the week begins.
Chennai Gold Price Today (July 28, 2025)
- 24 Carat Gold: ₹9,993 per gram
- 22 Carat Gold: ₹9,160 per gram
- 18 Carat Gold: ₹7,550 per gram
Gold Price Movement in Chennai: July 22–28, 2025
Over the past five days, gold prices have fluctuated significantly. Rates peaked at ₹75,040 per sovereign on July 23, before sliding down to ₹73,280 today, registering a drop of ₹1,760.
| Date | Gold Price (22K / 8g Sovereign) |
|---|---|
| July 28 | ₹73,280 |
| July 26 | ₹74,280 |
| July 25 | ₹74,680 |
| July 24 | ₹74,040 |
| July 23 | ₹75,040 |
| July 22 | ₹74,280 |
This recent correction follows an earlier all-time high on April 22, 2025, when gold touched ₹74,320, driven by global economic uncertainty and currency volatility. Analysts suggest that the current softening of prices may be linked to easing inflation forecasts and moderate demand ahead of the Indian festive season.
Silver Price Trend in Chennai: July 22–28, 2025
Silver, too, has shown mild corrections in recent days. Prices slipped from ₹129 per gram on July 23 to ₹126 today, reflecting easing industrial demand and steady overseas cues.
| Date | Silver Price (1 gram) |
|---|---|
| July 28 | ₹126 |
| July 24 | ₹128 |
| July 23 | ₹129 |
| July 22 | ₹128 |
Should You Buy Gold in Chennai Right Now?
With gold prices dipping below last week’s high, July 28 may be a favorable time to buy, especially for consumers planning wedding purchases or festival shopping. Experts advise tracking upcoming announcements from the US Federal Reserve and the Reserve Bank of India, which may impact bullion trends heading into August.
Historical Price Highlights in 2025
- February 5: ₹63,240 per sovereign
- March 14: ₹66,400 (₹1,440 jump from previous day)
- April 22: ₹74,320 — year’s highest rate, up ₹2,200 in 24 hours
How We Source Gold Prices
Gold and silver rates are compiled from leading jewellery associations and top retailers in Chennai. Prices are updated daily based on real-time market trends and may vary slightly by retailer and locality.
Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. Readers are advised to consult certified financial professionals before making any investment decisions in gold or other commodities.
