Chennai gold price drops to ₹1,05,600 per 10 g amid market slump

On July 13, 2026 the price of 22‑carat jewelry gold in Chennai fell by ₹800 per 10 g, reaching ₹1,05,600 for a standard ‘savarana’ (10 g). The 24‑carat grade also slipped, down ₹109 per gram to ₹14,400, while 18‑carat gold rose modestly by ₹100 per gram to ₹11,020. Silver prices held steady at ₹240 per gram (₹2.40 lakh per kilogram).

The decline follows a week of steady drops – the previous week’s price was ₹1,06,400 per 10 g after a ₹400 fall, and the price had been trending lower since early July. Analysts note that higher customs duty on gold (raised from 6 % to 15 % in May) and renewed US‑Iran tensions are pressuring global commodity markets, contributing to the current slump in India’s gold market.