Chennai Gold Rate Today Takes a Breather! 24K Gold Price Falls by Rs 3800/100 Gm; Check Latest Price On 8 Sept

Chennai Gold Rate Today: The week-long gold price rally has come to an end, at least for Monday, September 8. The precious metal saw a decline in its rates in Chennai and other Indian cities. The Chennai gold rate today fell, bringing relief to retail jewellery buyers.

The brief pause in the gold price rally has come days after the gold rate in India broke multiple records in just seven days. Gold's haven rally was fuelled by a host of factors, including geopolitical uncertainty, trade tensions, and US Fed rate cut hopes.

The surge in gold rate in India coincided with festive season and come has a deterrent for retail jewellery buyers. With Monday's drop in gold rates, here's the latest Chennai gold prices today.

Chennai Gold Rate Today

The price of 24 karat gold in Chennai fell by Rs 38 per gram to Rs 10,877 per gram on Monday, September 8. The price of 22 karat gold in Chennai declined by Rs 35 per gram to Rs 9,970. Likewise, the price of 18 karat gold in Chennai slumped by Rs 30 per gram to Rs 8,255 per gram.

Gold price in India has surged around 39% since the beginning of the year 2025, and experts believe that the precious metal's price will surge more in the coming months.

Chennai Silver Rate Today

Following gold's trajectory, the price of silver in Chennai fell on Monday. Silver price today fell to Rs 137 per gram and Rs 1,37,000 per kilogram. Silver often appears as an affordable alternative for retail jewellery buyers as well as investors whenever the gold price skyrockets. Silver rate in India has surged around 29% since the beginning of the year.

Gold rate in India

The 24 karat gold price in India fell by Rs 11 to Rs 10,838 per gram. Likewise, the price of 22 karat gold fell by Rs 10 per gram to Rs 9,935 per gram. Similarly, the price of 22 karat gold declined by Rs 10 per gram to Rs 9,935. The price of 18 karat gold declined by Rs 8 per gram to Rs 8,129 per gram.

Gold Price Outlook

Gold prices are expected to rise on Monday, according to Nirmal Bang's technical outlook for the precious metal. "Gold prices are expected to rise. Traders can buy at 107200 with a stop loss of 106900 for the target at 107600-107900," noted the brokerage in its report.

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