Gold Rate in Chennai Today: Gold Continues To Tumble Creating Opportunity For Buyers; Check Latest Price

Gold rate in Chennai today: People planning to purchase gold jewellery and ornaments are rejoicing as today's gold rate in Chennai witnessed another drop. The price of the precious metal declined in Chennai on Saturday after a consecutive drop in the price of gold in India today.

The sudden decline in gold price has come amid global market selloff due to weak investors sentiment post Trump tariff announcement on April 2. Moreover, China's retaliatory tariffs of 34% on America have further sparked fears of trade wars and even recession.

Amid tumultous global economic scenario, weak gold prices have brought a relief for people who were planning to buy the yellow metal and gold jewellery and other ornaments. If you are a gold buyer from Chennai, take a look at the latest gold prices in Chennai today.

Today Gold Rate Chennai

The gold rate in Chennai witnessed a nominal decline on Saturday. The price of 24-karat gold declined by Rs 980 per 10 grams to Rs 90,660. Whereas, the price of 22 karat gold declined nearly Rs 900 to Rs 83100 on Saturday. 18 karat gold, also known as 999 gold, witnessed a decline of Rs 750 per 10 grams to Rs 68450.

The gold prices in Chennai today mentioned above are indicative and do not reflect the actual cost of the yellow metal, including GST, TCS and other taxes. Hence, it is advisable to readers to thoroughly calculate the price of their gold jewellery while considering other charges.

There has been a constant surge of gold in Chennai over the past few months of the year 2025. Rising demand of gold in Chennai reflects heightened interest of buyers towards gold jewellery and ornaments during the ongoing wedding season.

Silver Price in Chennai Today

Price of silver also witnessed a similar trend in Chennai. The precious metal was being sold for Rs 1,03,000, a nominal fall of Rs 5,000 from yesterday's silver price. Silver price in Chennai depend on a host of factors including excise duty imposed by the government and gold prices. Whenever, there is a rise in gold prices, there is a general shift among jeewllery buyers towards silver as an alternative to the yellow metal.

International gold prices also witnessed a sudden decline on Friday. According to Trading Economics, gold prices dipped to a one-week-low mark on April 4. The gold prices erased their gains and fell nearly 2.5% to $3,020 an ounce on Friday. According to analysts, the recent decline in gold prices is the result of investors selloff to cover their losses in other asset classes amid margin calls.

Apart from gold prices, the US markets is witnessing a sharp fall since Donald Trump announced tariffs on more than 180 countries. On Friday, US stock markets continued their losses. In response to Trump tariff announcement, China announced a 34% tariff on all US imports. The development has further escalated the situation and sparked fears of trade wars and even global recession. Despite falling gold prices, the price of the precious metal still remains at an elevated levels and the gold inventories in COMEX warehouses across America have also surged due to fears of import tariffs. Despite a significant fall on Friday, gold is still selling at a 1% higher mark this week.