Chennai: On Thursday, the price of gold in Tamil Nadu saw a significant decrease, with the yellow metal dropping by ₹240 per sovereign. As a result, gold is now being sold at ₹53,440 per sovereign.

This decline follows a recent trend of fluctuating gold prices in the state. In addition to the sovereign price, the cost of gold per gram has also fallen by ₹30, bringing it to ₹6,680 per gram.

While gold prices have seen a reduction, the price of silver remains stable in Tamil Nadu. Silver is currently being sold at ₹92 per gram, unchanged from previous days.

The recent fluctuations in gold prices have been closely monitored by consumers and investors alike, as the market continues to react to global economic factors.