Gold Prices in Chennai Hold Steady with ₹1 Increase on August 4

Gold prices in Chennai edged up by ₹1 per gram on August 4, marking a marginal increase after yesterday's recovery. The latest retail rates show 24K gold at ₹14,456 per gram, 22K gold at ₹13,251, while 18K gold is selling at ₹11,066 per gram.

The modest rise comes after a sharp decline towards the end of July, but prices have since bounced back and settled into a relatively stable range. Market participants will now be watching global bullion trends and currency movements for the next meaningful direction.

Gold prices in India are influenced by international bullion rates, the rupee's movement against the US dollar, import duties, and local demand. Any change in global economic sentiment, central bank policy, or geopolitical developments can quickly reflect in domestic prices.