CHENNAI: The price of gold in the city decreased by Rs 2,360 per sovereign on Saturday (August 29).
The yellow metal is now priced at Rs 1,16,040 per sovereign and Rs 14,505 per gram, after a decrease of Rs 295 per gram.
Earlier on August 28 evening, the price of 22-carat gold stood at 1,17,200 per sovereign and Rs 14,650 per gram.
Meanwhile, silver prices also decreased by Rs 5 to sell for Rs 260 per gram (Rs 2,60,000 per kg) on August 29.
On August 28, silver was priced at Rs 265 per gram.
Gold remains significantly higher compared to last year. Prices have increased from Rs 75,760 per sovereign (Rs 9,470 per gram) on August 29, 2025, to Rs 1,16,040 per sovereign (Rs 14,505 per gram) on August 28, 2026, marking an increase of Rs 40,280 per sovereign or about 53.16 per cent .
August 28, 2026: 1 Sovereign - Rs 1,17,200 | 1 gram - Rs 14,650
August 27, 2026: 1 Sovereign - Rs 1,17,800 | 1 gram - Rs 14,725
August 26, 2026: 1 Sovereign - Rs 1,20,080 | 1 gram - Rs 15,010
August 25, 2026: 1 Sovereign - Rs 1,20,080 | 1 gram - Rs 15,010
August 24, 2026: 1 Sovereign - Rs 1,20,240 | 1 gram - Rs 15,030
August 28, 2026: 1 gram - Rs 265
August 27, 2026: 1 gram - Rs 265
August 26, 2026: 1 gram - Rs 265
August 25, 2026: 1 gram - Rs 265
August 24, 2026: 1 gram - Rs 275