Gold and Silver Prices Witness Sharp Fluctuations, Jewelry Buyers Shocked

The price of gold has been fluctuating continuously over the past several days. On the 29th of last month, the price of one gram of gold had surged to Rs. 16,800. Since then, prices have been moving up and down. In Chennai, the day before yesterday, one gram of gold was sold at Rs. 13,950. After a slight decline over the previous few days, gold prices rose twice yesterday. In the morning, the price increased by Rs. 80 per gram, reaching Rs. 14,030 per gram and Rs. 1,12,240 per sovereign (8 grams), reflecting a rise of Rs. 640 per sovereign. By evening, the price further increased by Rs. 240 per gram, touching Rs. 14,270 per gram and Rs. 1,14,160 per sovereign, an increase of Rs. 1,920 per sovereign. Overall, gold prices jumped by Rs. 2,560 per sovereign in a single day, causing concern among gold jewelry buyers. Today, gold prices have risen sharply again. In Chennai, the price of 22-carat gold jewelry has increased by Rs. 5,040 per sovereign, with one sovereign selling at Rs. 1,19,200. The price per gram has gone up by Rs. 630, reaching Rs. 14,900. Following the surge in gold prices, silver prices have also increased today. The price of silver has gone up by Rs. 20 per gram, with one gram selling at Rs. 320 and a silver bar priced at Rs. 3,20,000. Gold Price – Last Five Days (22 Carat, per Sovereign) 03-02-2026: Rs. 1,14,160 02-02-2026: Rs. 1,11,600 01-02-2026: Rs. 1,19,200 31-01-2026: Rs. 1,19,200 30-01-2026: Rs. 1,26,800 Silver Price – Last Five Days (per Gram) 03-02-2026: Rs. 300 02-02-2026: Rs. 300 01-02-2026: Rs. 320 31-01-2026: Rs. 320 30-01-2026: Rs. 405
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