Gold Prices Drop for 11th Consecutive Day: Today’s Tamil Nadu Rates

Gold prices have continued their downward trend for the 11th straight day in Tamil Nadu. After touching an all-time high earlier this month, rates have steadily cooled, offering relief to buyers. As per the latest update for August 19, 22-karat gold stands at Rs. 9,180 per gram and Rs. 73,440 per sovereign, while 18-karat gold is priced at Rs. 7,590 per gram and Rs. 60,720 per sovereign. Silver is quoted at Rs. 125 per gram and Rs. 1,25,000 per kilogram.

How We Got Here: August Price Timeline

Gold has been volatile since the beginning of August. It crossed Rs. 75,000 per sovereign on August 6 and then set a record high of Rs. 75,760 on August 8. Since that peak, prices have trended lower. On August 19 (yesterday), 22K gold eased to Rs. 9,235 per gram and Rs. 73,880 per sovereign. Today’s revision shows a further dip to Rs. 9,180 per gram and Rs. 73,440 per sovereign, extending the slide to day eleven.

Today’s Gold & Silver Rates (August 19)

Day-on-Day Comparison

Compared with the previous update (22K: Rs. 9,235/g; Rs. 73,880/sov), today’s 22K rates are lower by Rs. 55 per gram and Rs. 440 per sovereign. The easing trend mirrors the broader cool-off since the August 8 peak.

What It Means for Buyers

A sustained pullback typically supports retail jewellery demand, wedding purchases, and small-ticket savings in gold coins and bars. Buyers often track per-gram and per-sovereign prices closely; today’s update indicates improved affordability compared with mid-August highs.

Silver at a Glance

Alongside gold, silver has also softened, quoted at Rs. 125 per gram and Rs. 1,25,000 per kilogram. Silver rate moves matter for households planning utensil purchases, gift articles, and small investment bars.

Rates mentioned are based on the latest update provided for August 19. Local prices may vary by city and jeweller due to making charges, logistics, and purity checks. Buyers are advised to verify rates with their preferred retailer before purchase.