Overview
- On December 26, Chennai quoted about ₹13,940 per gram for 24K and ₹12,785 for 22K, marking a marginal day-on-day rise.
- A record was logged a day earlier, with 22K sovereigns (8 grams) reported at ₹1,02,000, up from roughly ₹92,000 in October.
- Market participants cite safe-haven demand, persistent inflation and rupee depreciation, with expectations of softer global rates also supporting bullion.
- Jewellers report a 15–20% drop in sales volumes and a tilt toward lighter or lower–making-charge designs as families curb spending ahead of weddings.
- The Madras jewellers’ body blames global cues and currency weakness and is urging import-duty relief to ease peak Thai-season costs.