Gold jewelry prices have dropped significantly in Chennai. Gold's chemical symbol, AU, comes from the Latin "Aurum," meaning "shining dawn." India and China are the largest gold consumers
Gold jewelry prices have fallen sharply in Chennai. However, silver prices remain unchanged.
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Price Details
Gold prices in Chennai have decreased by ₹60 per gram, selling at ₹9,000 per gram and ₹72,000 per sovereign (8 grams). Globally, 210,000 tons of gold are in use. Gold's chemical symbol, AU, is from the Latin "Aurum," meaning "shining dawn."
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Top Gold Buyers
India and China are the world's largest gold consumers. In India, buying gold jewelry is considered a joyous celebration.
Gold investments are diversifying. Some buy gold biscuits or coins for safekeeping, while others invest in online gold ETFs or sovereign gold bonds for returns and security.
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Fun Fact About Gold
One kilogram of gold can be drawn into a very fine wire approximately 1.6 kilometers long.
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Gold Prices Fall Sharply
Gold prices in Chennai have dropped by ₹60 per gram, now at ₹9,000 per gram and ₹72,000 per sovereign.
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Silver Prices Steady
Silver prices remain unchanged at ₹120 per gram and ₹120,000 per kilogram.