Gold jewellery prices in Chennai touched a fresh all-time high on Friday, continuing the strong upward trend witnessed since the beginning of the week.
On December 26, the price of gold increased by ₹560 per sovereign, taking the rate to ₹1,03,120 per sovereign (8 grams). On a per-gram basis, gold rose by ₹70, with one gram priced at ₹12,890.
Gold prices have been on a steady rise over the past few days. On December 22, prices jumped sharply by ₹1,360 per sovereign, reaching ₹1,00,560. This was followed by another major increase on December 23, when gold surged by ₹1,600 per sovereign to ₹1,02,160.
On December 24, gold prices rose further, with the per-gram rate increasing by ₹30 to ₹12,800, while the sovereign price went up by ₹240 to ₹1,02,400. Later the same day, gold saw an additional rise of ₹160 per sovereign, selling at ₹1,02,560, with the per-gram price moving up by ₹20 to ₹12,820. Today’s hike has pushed prices to yet another record level.
Meanwhile, silver prices also recorded a sharp jump. Driven by strong demand from the electrical and renewable energy sectors – including solar panels, batteries, and electric vehicles – silver prices continue to climb. On December 26, silver rose by ₹9 per gram, selling at ₹254 per gram, and by ₹9,000 per kilogram, taking the rate to ₹2.54 lakh per kg.
Market experts attribute the sustained rise in gold and silver prices to strong industrial demand and continued investor interest amid ongoing global economic uncertainty.
