Gold Rate In Chennai Today: Prices Continue Upward Trend Amid Global Uncertainty

Gold prices in Chennai have risen steadily over the past week, buoyed by a weaker US dollar and heightened global market volatility. The price of 22-karat gold in the city today stands at Rs 9,060 per gram, while 24-karat gold, also known as 999 gold, is priced at Rs 9,883 per gram, according to data from Goodreturns.

This upward movement reflects broader trends in both international and domestic markets, where concerns around upcoming trade policy shifts—particularly the anticipated US tariff decision expected on July 9—have driven increased interest in safe-haven assets. Gold's ongoing rally also aligns with currency market fluctuations, especially a declining US dollar index, which has further supported demand.

Gold Sees Weekly Jump as Investors Seek Safe Havens

According to figures provided by the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold climbed by Rs 1,135 per 10 grams this week, rising from Rs 95,576 on June 30 to Rs 97,021 by Friday, July 4. Meanwhile, the 22-carat variant saw a similar gain of Rs 1,131 over the same period, ending the week at Rs 96,633 per 10 grams.

The gains extend gold’s strong performance during the first half of 2025, during which the precious metal delivered a solid return of 26 per cent. Analysts attributed the surge to a combination of geopolitical tension, macroeconomic uncertainties, and sustained central bank buying.

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Silver Rebounds on Global Momentum and Supply Challenges

Silver prices also experienced notable growth, ending the week at Rs 107,580 per kilogram, up Rs 2,070 from Rs 105,510 on June 30. Earlier in June, on the 18th, silver touched a record high of Rs 109,550 per kg, before slightly retreating.

While gold remained the stronger performer in the year’s first half, June witnessed silver outshining its counterpart in global markets. Silver delivered a monthly return of 9.41 per cent in June, far exceeding gold’s 0.4 per cent increase.

“Silver outperformed gold in June… because of the fall in gold-silver ratio from over 100 to around 92-93… combined with the critical \$35/ounce mark that triggered momentum and technical buying on breakout,” said Prathamesh Mallya, DVP–Research, Non-Agri Commodities and Currencies at Angel One Ltd.

City-Wise Rates Across India

Gold prices remained broadly uniform in several Indian cities today, with 22-karat gold priced at Rs 9,060 per gram and 24-karat at Rs 9,883 per gram in Bengaluru, Mumbai, Pune, and Kolkata. In Delhi, prices were marginally higher at Rs 9,075 per gram for 22-karat gold and Rs 9,898 per gram for 24-karat.

As the markets continue to watch developments surrounding trade policies and currency shifts, gold and silver prices are likely to remain sensitive to global cues in the days ahead.

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