Chennai Gold Price Surges 47.46% in One Year

The gold price in Chennai saw an increase of Rs 520 per sovereign on August 8, 2026. According to current prices, one sovereign of gold is valued at Rs 1,11,720 and Rs 13,965 per gram. This hike follows the previous day's price of Rs 1,10,000 per sovereign and Rs 13,750 per gram for 22-carat gold.

The silver market remained stable with prices unchanged at Rs 250 per gram (Rs 2,50,000 per kg) on August 8. A comparison between the current prices and last year's shows that gold prices have surged from Rs 75,760 per sovereign (Rs 9,470 per gram) on August 8, 2025, to Rs 1,11,720 per sovereign (Rs 13,965 per gram) on August 8, 2026, marking an increase of Rs 35,960 or about 47.46%.

A review of the gold price over the last five days reveals a steady increase: August 7, 2026 - Rs 1,10,000 (Rs 13,750); August 6, 2026 - Rs 1,10,000 (Rs 13,750); August 5, 2026 - Rs 1,06,880 (Rs 13,260); August 4, 2026 - Rs 1,05,600 (Rs 13,200); and August 3, 2026 - Rs 1,06,000 (Rs 13,250.