Gold prices in Chennai recorded a decline on March 9, 2026, while silver prices remained unchanged. The fall comes after bullion prices witnessed movements in recent sessions across global and domestic markets.
Gold Prices Fall in Chennai
According to the latest market data, the price of 24-carat gold in Chennai stood at Rs 16,309 per gram on March 9, down from Rs 16,418 per gram recorded on March 8. This marks a decline of Rs 109 per gram in a single day. For 8 grams of 24-carat gold, the price fell to Rs 1,30,472 from Rs 1,31,344, reflecting a drop of Rs 872.
Standard 22-carat gold also witnessed a similar downward movement. The price decreased to Rs 14,950 per gram on March 9 from Rs 15,050 per gram on the previous day, a decline of Rs 100 per gram. For 8 grams, the price dropped to Rs 1,19,600 compared with Rs 1,20,400 on March 8, registering a reduction of Rs 800.
Silver Prices Remain Stable
Unlike gold, silver prices in Chennai remained steady. The rate for silver stood at Rs 290 per gram on both March 8 and March 9. Similarly, the price of ready silver (1 kilogram) remained unchanged at Rs 2,90,000 during the same period.
Gold Prices in Major Indian Cities
Across India, gold prices showed only minor variations between major metropolitan markets on March 9. The price of 24-carat gold was around Rs 1,61,680 per 10 grams in Mumbai, Bengaluru, and Hyderabad, while Delhi and Kolkata recorded Rs 1,63,630 per 10 grams. Chennai remained slightly higher at around Rs 1,63,090 per 10 grams.
Market Factors Influencing the Price Movement
Recent fluctuations in bullion prices have been influenced by developments in global financial markets. Changes in the strength of the US dollar, movements in crude oil prices, and expectations regarding global interest rates have contributed to short-term volatility in precious metals. In addition, international geopolitical developments and investor sentiment toward safe-haven assets have also affected trading activity in gold and silver markets.
– Magizh
