Gold prices in Chennai recorded a sharp decline in today’s bullion market trading on June 1, 2026. Both 22-carat and 18-carat gold rates fell significantly during the morning trading session, while silver prices remained unchanged across jewellery markets in the city.
As per the latest bullion market update, the price of 22-carat gold dropped by ₹130 per gram and is currently being sold at ₹14,500 per gram in Chennai.
Likewise, 18-carat gold prices also witnessed a decline of ₹95 per gram and are now trading at ₹12,180 per gram.
Meanwhile, silver prices showed no change in today’s market and continue to remain steady at ₹290 per gram.
Today Gold & Silver Rate in Chennai – June 1, 2026
22Kt Gold Rate Today: ₹14,500 per gram (↓ ₹130)
18Kt Gold Rate Today: ₹12,180 per gram (↓ ₹95)
Silver Rate Today: ₹290 per gram (No Change)
Market experts say fluctuations in gold prices are mainly influenced by global economic conditions, international bullion market trends, inflation concerns, US dollar movement and changing investor demand. With the upcoming wedding and festive season in Tamil Nadu, jewellery buyers and investors are actively tracking daily gold rate changes.
The decline in gold prices today has attracted attention from retail jewellery buyers looking to make fresh purchases at lower rates.
