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Chennai Sees Firm Silver Momentum as Gold Holds Above Key Range
Chennai gold held near ₹1,21,970 while silver stayed strong at ₹1,65,100, backed by industrial demand and stable wedding-related buying.
Chennai’s bullion market reported gold prices near ₹1,21,970 per 10 grams, maintaining stability despite uneven retail activity across major jewellery hubs. Silver remained elevated around ₹1,65,100 per kilogram, driven by resilient industrial demand and tightening premiums in southern markets. Local traders noted sustained interest from wedding-season buyers, though investment-led purchases were more measured. Analysts indicated that silver’s performance continues to be supported by global supply dynamics and manufacturing requirements.
Demand patterns are expected to strengthen as festive inventories gradually rebuild.