Chennai gold and silver rates surge

Chennai witnessed a sharp rise in precious metal prices on July 2, with 22-carat jewellery gold gaining Rs 1,200 per sovereign. The metal is now sold at Rs 1,07,200 per sovereign, while the per-gram rate increased by Rs 150 to Rs 13,400.

Recent trend

Gold prices have been fluctuating due to international factors. In Tamil Nadu, on June 30, jewellery gold was sold at Rs 13,200 per gram and Rs 1,05,600 per sovereign, while silver was priced at Rs 245 per gram.

Yesterday’s levels

As per the previous day’s update, gold rose by Rs 150 per gram to Rs 13,250 and by Rs 1,200 per sovereign to Rs 1,06,000. Silver prices remained unchanged during that session.

Silver sees a bigger jump today

On July 2, silver recorded a notable increase, rising by Rs 5,000 per kg to Rs 2,50,000. The per-gram silver rate also moved up by Rs 5 to Rs 250.