Chennai Gold & Silver Price Today: Gold Jumps 1.57%, Silver Soars Nearly 5% On February 9

Gold and silver prices in Chennai continued their upward march on Monday, February 9, 2026, mirroring the strong trend seen across major bullion markets in the country. As per the latest update at 10:55 am (India Time) on Bullions website, both precious metals recorded sharp gains, driven by firm global cues and steady domestic demand.

Gold prices climb across categories

Gold prices in Chennai surged notably, with 24 karat gold - considered the purest form - trading at ₹15,789 per gram. The price for 10 grams stood at ₹157,890, while one kilogram of 24 karat gold was priced at ₹15.78 crore. In international measurement terms, one ounce of 24 karat gold was valued at ₹447,611, and one tola was priced at ₹184,160, the data said.

Compared to the previous session's rate of ₹155,450 per 10 grams, 24 karat gold has gained ₹2,440, marking a 1.57% increase. Market watchers say the rise reflects continued safe-haven buying as investors respond to global economic uncertainty and currency fluctuations.

22 karat gold, which dominates jewellery purchases in Tamil Nadu, was priced at ₹14,473 per gram and ₹144,733 per 10 grams. Jewellers in Chennai noted that despite elevated prices, footfalls remain steady, especially with the wedding season and festive purchases picking up momentum.

Other variants also moved higher in tandem. 18 karat gold was priced at ₹11,842 per gram, while 14 karat gold stood at ₹9,210 per gram, catering to buyers looking for budget-friendly and contemporary jewellery designs. Even lower purities such as 12 karat and 10 karat gold recorded proportional increases, underlining the broad-based nature of the rally.

Silver shines brighter with strong rally

Silver prices in Chennai outperformed gold, posting a sharper rise. Silver 999 Fine was priced at ₹263 per gram and ₹263,210 per kilogram, marking a jump of nearly 5% from Sunday's rate of ₹250,710 per kg.

Other silver variants also registered solid gains. Silver 925 Sterling traded at ₹243 per gram, while Silver 900 Coin silver was priced at ₹237 per gram. Silver 800 German silver, commonly used in industrial and decorative applications, was quoted at ₹211 per gram.

Analysts attribute silver's strong rally to a mix of industrial demand and renewed investor interest, particularly from sectors such as electronics, solar energy, and electric vehicles.

Market outlook

Bullion traders in Chennai expect gold and silver prices to remain firm in the near term, supported by global market volatility and sustained investment demand. While high prices may temper immediate bulk buying, experts suggest staggered purchases as a practical strategy for retail buyers looking to hedge against further price rises.

With both metals trading near recent highs, the Chennai bullion market remains firmly in focus as investors closely track global developments and currency movements.