The price of ornamental gold in Chennai increased today (February 3), with the rate going up by ₹640 per sovereign, reversing the recent downward trend in gold prices.
Gold Price Movement in Recent Days
Gold prices had been witnessing a steady rise in recent weeks. However, from January 30, prices began to decline sharply.
Over the last two days alone, gold prices fell by ₹15,200 per sovereign, and on Saturday, one sovereign was sold at ₹1,19,200.
On Monday, the first trading day of the week, gold prices declined further:
₹950 drop per gram, selling at ₹13,950
₹7,600 drop per sovereign, selling at ₹1,11,600
Today’s Gold Rate in Chennai (Feb 3)
Following the decline, gold prices have rebounded today:
Gold per sovereign: ₹1,12,240 (up by ₹640)
Gold per gram: ₹14,030 (up by ₹80)
Silver Price Update
Silver prices, meanwhile, recorded a decline today:
Silver per gram: ₹280 (down by ₹20)
Silver per kg (bullion): ₹2.80 lakh (down by ₹20,000)
