CHENNAI: Gold gets cheaper in the city on Monday (March 23), by Rs 5,360 per sovereign (8 grams), five days after the US Federal Reserve kept interest rates unchanged at 3.5–3.75% amid inflation concerns linked to the ongoing West Asia conflict.
The yellow metal is now priced at Rs 1,03,600 per sovereign and Rs 12,950 per gram, after a decrease of Rs 670.
On March 21, gold cost Rs 1,08,960 per sovereign and 13,620 per gram.
Silver prices decreases
Silver prices decreased by Rs 15 to be priced at Rs 235 per gram (Rs 2,35,000 per kg) on March 23. On March 21, silver was priced at Rs 250 per gram.
Gold rate today vs gold rate on this day, last year
Gold remains significantly higher compared to last year. Prices have surged from Rs 65,840 per sovereign (Rs 8,230 per gram) on March 22, 2025, to Rs 1,03,600 per sovereign (Rs 12,950 per gram) on March 23, 2026, marking an increase of Rs 37,760 or about 57.351%.
Gold price (22-carat) over the last five days:
March 21, 2026: 1 Sovereign - Rs 1,08,960| 1 gram - Rs 13,620 per gram
March 20, 2026: 1 Sovereign - Rs 1,11,600| 1 gram - Rs 13,950 per gram
March 19, 2026: 1 Sovereign - Rs 1,11,200 | 1 gram - Rs 13,900 per gram
March 18, 2026: 1 Sovereign - Rs 1,16,560 | 1 gram - Rs 14,570 per gram
March 17, 2026: 1 Sovereign - Rs 1,17,200 | 1 gram - Rs 14,650 per gram
Silver price over the last five days:
March 21, 2026: 1 gram - Rs 250
March 20, 2026: 1 gram - Rs 260
March 19, 2026: 1 gram - Rs 265
March 18, 2026: 1 gram - Rs 275
March 17, 2026: 1 gram - Rs 280