Chennai Gold Prices Drop by Rs 280 Per Sovereign on August 1

Gold prices in Chennai dropped by Rs 280 per sovereign on August 1, 2026. The current price of gold is Rs 1,05,760 per sovereign and Rs 13,220 per gram.

This decrease comes after a drop of Rs 35 per gram from the previous day's price.

The silver prices remained unchanged at Rs 235 per gram on August 1. This is identical to the price on July 31.

Comparing this year's gold prices to last year, there has been an increase of Rs 32,560 or approximately 44.48% from Rs 73,200 per sovereign (Rs 9,150 per gram) on August 1, 2025.