Gold prices in Chennai saw a sharp increase today, with the cost of a sovereign (8 grams) rising by Rs 1,120 to reach Rs 1,14,160. The price per gram of gold has also climbed by Rs 140, now retailing at Rs 14,270. This significant hike has caused concern among jewelry buyers in the city.
Silver prices also recorded a substantial jump, with the rate per gram increasing by Rs 255. Consequently, one kilogram of silver is now priced at Rs 2,55,000.

