CHENNAI: Gold prices fell sharply in the city on February 5 (Thursday), dropping by Rs 4,640 per sovereign to Rs 1,14,560 (8 grams). The price per gram fell by Rs 580 to Rs 14,320.
On February 4, 22-carat gold was priced at Rs 1,19,200 per sovereign (8 grams) and Rs 14,900 per gram.
Silver also witnessed a fall on Thursday, dropping by Rs 20 to Rs 300 per gram (Rs 3,00,000 per kg) on February 5. A gram of silver had cost Rs 320 on February 4.
Gold remains significantly higher compared to last year. Prices have surged from Rs 63,240 per sovereign (Rs 7,905 per gram) on February 5, 2025, to Rs 1,14,560 per sovereign (Rs 14,320 per gram) on February 5, 2026, marking an increase of Rs 51,320 or about 81.15%.
February 4, 2026: 1 Sovereign- Rs 1,19,200 | 1 gram- Rs 14,900
February 3, 2026: 1 Sovereign- Rs 1,14,160 | 1 gram- Rs 14,270
February 2, 2026: 1 Sovereign- Rs 1,11,600 | 1 gram- Rs 13,950
January 31, 2026: 1 Sovereign- Rs 1,19,200 | 1 gram- Rs 14,900
January 30, 2026: 1 Sovereign- Rs 1,26,800 | 1 gram- Rs 15,850
February 4, 2026: 1 gram- Rs 320
February 3, 2026: 1 gram- Rs 300
February 2, 2026: 1 gram- Rs 300
January 31, 2026: 1 gram- Rs 350
January 30, 2026: 1 gram- Rs 405