Gold turned sharply cheaper across India on June 25, 2026, as a stronger US dollar, a tightening monetary policy stance and worries about further rate hikes dragged the precious metal lower. In Chennai, buyers watched 24 carat gold shed Rs 50,200 per 100 grams, or Rs 5,020 per 10 grams, between June 23 and June 25, a slide that was actually gentler than the punishing drop seen in several other metros.
For comparison, cities such as Mumbai, Hyderabad, Kolkata, Bengaluru, Kerala and Pune saw 24 carat gold tumble by Rs 78,500 per 100 grams and Rs 7,850 per 10 grams over the same stretch. Thursday's leg of the fall came after spot gold slipped below the $4,000 mark, a level break that rattled investors and left the broader bullion mood cautious and bearish.
What 24 Carat Gold Costs In Chennai Now
On June 25, 24 carat gold in Chennai dropped Rs 22,900 to Rs 14,33,500 per 100 grams. The 10 gram rate fell Rs 2,290 to Rs 1,43,350, the 8 gram rate eased Rs 1,832 to Rs 1,14,680, and a single gram slipped Rs 229 to Rs 14,335.
22 Carat And 18 Carat Rates
In the 22 carat category, prices declined Rs 21,000 to Rs 13,14,000 per 100 grams, Rs 2,100 to Rs 1,31,400 per 10 grams, Rs 1,680 to Rs 1,05,120 per 8 grams and Rs 210 to Rs 13,140 per 1 gram.
The 18 carat variety fell in step, dropping Rs 18,900 to Rs 10,98,100 per 100 grams, Rs 1,890 to Rs 1,09,810 per 10 grams, Rs 1,512 to Rs 87,848 per 8 grams and Rs 189 to Rs 10,981 per 1 gram.
Why Gold Is Sliding
According to Jateen Trivedi, VP Research Analyst for Commodity and Currency at LKP Securities, the weakness stems from a broader liquidity event set off by sharp profit booking and heavy sell-offs in AI and technology stocks.
He explained that as investors take losses on equities, many are dumping liquid assets like gold to raise cash, meet margin requirements and cut their leverage. At the same time, money is rushing into the US dollar, and the firmer dollar is piling extra pressure on bullion. He called it one of those rare phases in which equities and gold fall together, because investors end up selling whatever they can rather than what they would prefer to.
