Chennai Gold Prices Drop Sharply: 22-Carat Falls Rs 1,240 Per Sovereign

yourstory.com (Tamil) —

Gold prices in Chennai fell sharply on Thursday, October 22, 2026, with 22-carat gold dropping by Rs. 155 per gram and Rs. 1,240 per sovereign (8 grams) to Rs. 13,235 and Rs. 1,05,880 respectively. The decline is attributed to international market changes, including the US dollar's value, interest rate expectations, and investor profit-taking after recent price highs. Silver also fell to Rs. 225 per gram. 24-carat gold decreased by Rs. 170 per gram to Rs. 14,438, while an 8-gram bar cost Rs. 1,15,504. Mumbai saw similar reductions for 22-carat gold.


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Chennai Gold Prices Drop Sharply: 22-Carat Falls Rs 1,240 Per Sovereign | News Minimalist