Commodities
Gold Prices in Chennai Consolidate After Last Week's Swings
Gold prices in Chennai experienced a slight decline on August 5, slipping by ₹1 per gram across all major purity levels.
The current rates place 24K gold at ₹14,399 per gram, 22K gold at ₹13,199, and 18K gold at ₹11,014. The market has been in a consolidation phase after last week's swings, with prices moving cautiously due to the lack of fresh triggers.
Domestically, the market tracked muted global bullion prices overnight, while a relatively stable rupee meant there was little pressure for a larger move in local gold prices.