CHENNAI: Gold rate increased in the city on Thursday May 7 by Rs 400 per sovereign (8 grams).
The yellow metal is now priced at Rs 1,13,200 per sovereign and Rs 14,150 per gram, after an increase of Rs 50.
On May 6 evening, gold closed at Rs 1,12,800 per sovereign and Rs 14,100 per gram.
Silver prices remain unchanged
Silver prices remained unchanged to sell for Rs 275 per gram (Rs 2,75,000 per kg) on May 7. On May 6, silver was sold at Rs 275 per gram (Rs 2,75,000 per kg).
Gold rate today vs same day last year
Gold remains significantly higher compared to last year. Prices have surged from Rs 72,600 per sovereign (Rs 9,075 per gram) on May 7, 2025, to Rs 1,13,200 per sovereign (Rs 14,150 per gram) on May 7, 2026, marking an increase of Rs 40,600 or about 55.92%.
Gold price (22-carat) over the last five days:
May 6, 2026: 1 Sovereign - Rs 1,12,800 | 1 gram - Rs 14,100
May 5, 2026: 1 Sovereign - Rs 1,10,560 | 1 gram - Rs 13,820
May 4, 2026: 1 Sovereign - Rs 1,12,000 | 1 gram - Rs 14,000
May 2, 2026: 1 Sovereign - Rs 1,12,000 | 1 gram - Rs 14,000
May 1, 2026: 1 Sovereign - Rs 1,11,360 | 1 gram - Rs 13,920
Silver price over the last five days:
May 6, 2026: 1 gram - Rs 275
May 5, 2026: 1 gram - Rs 265
May 4, 2026: 1 gram - Rs 270
May 2, 2026: 1 gram - Rs 270
May 1, 2026: 1 gram - Rs 265