Gold prices in Chennai rose sharply on Wednesday, with a sovereign (8 grams) of 22-carat gold priced at ₹74,000, marking an increase of ₹400 from Tuesday’s rate of ₹73,600. The price of one gram of gold now stands at ₹9,250.

Gold rates have seen significant fluctuations over the past few months

. On February 5, the price was ₹63,240 per sovereign. It climbed to ₹64,000 briefly, only to fall to ₹63,520 on February 12. On March 14, there was a sharp jump to ₹66,400—an increase of ₹1,440 in a single day. The highest rate so far was recorded on April 22, when gold surged to ₹74,320 per sovereign, showing a steep rise of ₹2,200 from the previous day.

Over the past five days, the gold price in Chennai has moved as follows:

On June 12, it was ₹72,800; on June 13, it rose to ₹74,360; on June 14, it further increased to ₹74,560. Then on June 16, it slightly dropped to ₹74,440, and on June 17, it decreased again to ₹73,600 before climbing back up to ₹74,000 today.

Meanwhile, silver prices have also gone up by ₹2, with the metal now selling at ₹122 per gram. As gold and silver rates continue to fluctuate, jewellers and investors remain watchful of market movements and global trends.