Chennai Gold & Silver Price On Feb 16: Is It Cheaper or Costlier Today?

Gold prices in Chennai witnessed a marginal decline on Monday, February 16, 2026, reflecting a weak trend in the bullion market, while silver rates saw a sharper fall of over 3%, according to the latest data released at 9:25 AM.

The price of 24-karat gold, considered the purest form, stood at ₹15,524 per gram and ₹1,55,240 per 10 grams in Chennai. On a larger scale, 100 grams of 24-karat gold was priced at ₹15,52,400, while one kilogram cost ₹1.55 crore. The precious metal was also priced at ₹4,40,098 per ounce and ₹1,81,069 per tola, as per Bullion website data.

Similarly, 22-karat gold, the most commonly used variant for jewellery, was priced at ₹14,230 per gram and ₹1,42,303 per 10 grams. The rate for 100 grams stood at ₹14,23,033, while one kilogram cost ₹1.42 crore. Meanwhile, one ounce of 22-karat gold was valued at ₹4,03,423 and one tola at ₹1,65,980.

Other purity levels also followed a similar pricing trend. Twenty-karat gold was sold at ₹12,937 per gram, while 18-karat gold was priced at ₹11,643 per gram. Lower purity variants such as 14-karat and 10-karat gold were available at ₹9,056 and ₹6,468 per gram respectively, making them relatively more affordable options for buyers.

Market data showed that 24-karat gold recorded a decline of 0.93% compared to the previous rate of ₹1,56,690 per 10 grams in Tamil Nadu, indicating subdued demand and global price fluctuations influencing domestic bullion markets.

Silver prices, meanwhile, saw a sharper correction. The rate for silver 999 fine quality stood at ₹238 per gram and ₹2,381 per 10 grams in Tamil Nadu. One kilogram of silver was priced at ₹2,38,130, while one ounce cost ₹6,751 and one tola ₹2,778, the data said.

Sterling silver (925 purity) was priced at ₹220 per gram and ₹2,20,270 per kilogram. Silver coins of 900 purity were valued at ₹214 per gram, while German silver of 800 purity was priced at ₹191 per gram.

Silver registered a significant drop of 3.32%, with the price falling to ₹2,38,130 per kilogram from the previous level of ₹2,46,320 per kilogram. The steeper fall in silver compared to gold indicates higher volatility in the white metal.

Bullion traders say gold and silver prices in India are influenced by several factors, including international market trends, fluctuations in the US dollar, import duties, and local demand. Seasonal demand, wedding purchases, and investment trends also play a key role in determining prices.

Chennai, one of India's largest gold consumption centres, closely tracks global bullion trends due to its strong jewellery market. Even small price changes often impact buying sentiment among consumers.

Experts say investors typically view gold as a safe-haven asset during uncertain economic conditions, while silver is seen as both an industrial and investment metal, making it more volatile.

With prices showing a downward trend, jewellers expect buying interest to improve, especially from retail customers waiting for corrections. However, future price movements will depend largely on global economic cues and currency fluctuations.