Chennai Gold Price: Hits Record High Amid Trade War Fears

Gold Prices in Chennai Reach Record Highs Amid Global Economic Concerns

Gold prices in Chennai have surged to all-time high levels, driven by intensifying concerns over the U.S. trade situation and escalating global economic uncertainties. Investors are increasingly seeking gold as a safe-haven asset, contributing to the bullish trend.

Key Gold Rate Updates in Chennai

As of today, gold prices in Chennai have climbed for the seventh consecutive trading session:

• 24K Gold: Reached Rs. 3,900 per 10 grams.
• 22K Gold: Increased by Rs. 350 per 10 grams, reaching Rs. 79,800.

Silver Prices in Chennai

Silver prices in Chennai have remained relatively stable:

• Price per Kilogram: Rs. 107,000.
• Price per 100 Grams: Rs. 10,700 after rising by Rs. 100.

Gold Price Movement in Chennai (Last Five Days)

Gold prices in Chennai have exhibited volatility over the past five days:

• February 8: 24K - Rs. 87,060, 22K - Rs. 79,450
• February 7: 24K - Rs. 86,510, 22K - Rs. 79,300
• February 6: 24K - Rs. 86,510, 22K - Rs. 79,300
• February 5: 24K - Rs. 86,240, 22K - Rs. 79,300
• February 4: 24K - Rs. 85,200, 22K - Rs. 78,100

Global Spot Gold and Silver Prices

According to recent reports, global spot gold prices have been on the rise:

• Spot Gold: Rose 0.5% to USD 2,875.79 per ounce.
• U.S. Gold Futures: Climbed 0.5% to $2,902.40 per ounce.
• Spot Silver: Gained 0.6%, trading at $31.99 per ounce.

MCX Gold and Silver Futures Outlook

On the Multi Commodity Exchange (MCX):

• Gold Futures (April 4, 2025): Jumped by 0.42% to trade at Rs. 85,243.
• Silver Futures (March 5, 2025): Declined by 0.20%, trading at Rs. 95,146.

Expert Analysis

Experts suggest that global economic uncertainties and geopolitical tensions are driving investors towards gold as a safe haven. The potential for increased tariffs and trade disputes contributes to market volatility, further supporting gold's role as a store of value.

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Categories: 24K gold rate, Gold price Chennai, Silver Price Today