Gold and silver prices witnessed an upward trend in Chennai on Friday, February 7, reflecting fluctuations in international markets.
The price of 22-carat gold jewellery increased by ₹1,360 per sovereign, taking the rate to ₹1,15,360 per sovereign. However, the per gram price slipped by ₹200 and is now selling at ₹14,420 per gram.
Gold prices had declined over the previous two days. On February 5, the price fell by ₹580 per gram to ₹14,320, while the sovereign rate dropped sharply by ₹4,640 to ₹1,14,560. Silver also saw a decline, falling by ₹20 per gram to ₹300, and by ₹20,000 per kilogram.
On February 6, gold prices continued to drop, with the sovereign rate decreasing by ₹1,600 to ₹1,12,960 and the gram rate falling to ₹14,120. However, prices recovered in the evening, with gold rising by ₹130 per gram.
Current Rates (February 7):
Gold (22-carat): ₹1,15,360 per sovereign | ₹14,420 per gram
Silver: ₹285 per gram | ₹2,85,000 per kilogram
With weekend trading underway, both gold and silver have shown renewed strength after recent volatility.
