EconomyMonday, 25 May 2026·The Hindu
Gold price in Chennai rises by ₹400 per sovereign; import duty hike to 15% on May 13 impacts market
On May 25, 2026, Chennai 22-carat gold rose by ₹400 per sovereign after the Centre raised import duty to 15% on May 13.
Key highlights
Direct fact
On May 25, 2026, 22-carat jewellery gold in Chennai rose by ₹400 per sovereign to ₹1,18,240, after the Central Government had raised gold import duty from 6% to 15% on May 13.
Key specifics
- 22-carat gold in Chennai increased by ₹50 per gram on May 25, 2026, reaching ₹14,780 per gram.
- One sovereign of 22-carat gold was quoted at ₹1,18,240, up by ₹400 in a single day.
- 24-carat gold also rose by ₹440 per sovereign and was sold at ₹1,28,992.
- Silver prices remained unchanged at ₹295 per gram and ₹2,95,000 per kilogram.
- India is among the leading gold-importing countries, and the duty hike from 6% to 15% was announced on May 13.
Exam lens
Question type: Economy current affairs, price-data based MCQ. Key facts: Chennai, May 25 2026, 22-carat gold ₹14,780 per gram, ₹1,18,240 per sovereign, import duty 6% to 15% on May 13. TNPSC may ask the effect of customs duty on gold prices.