Chennai Gold Prices Soar by ₹160 Per Gram on August 5

Gold prices in Chennai rose sharply on August 5, 2026, as per the latest morning rates from the Madras Jewellers & Diamond Traders Association (MJDTA). Both 22-carat and 18-carat gold prices increased by ₹160 per gram. The 22K gold rate climbed from ₹13,200 to ₹13,360 per gram.

The silver price in Chennai also saw an increase of ₹5 per gram, rising from ₹235 to ₹240 per gram. The rise in gold and silver prices reflects a positive sentiment in the global precious metals market and changing domestic demand.

According to experts, various factors influence gold prices in Chennai, including global bullion market trends, international gold prices, US dollar exchange rate movements, inflation and interest rate expectations, central bank monetary policies, geopolitical developments, jewellery demand, and investment activity.