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Gold Metro Spread Widens as Chennai Tops ₹16,276
Chennai led metro gold rates at ₹16,276, maintaining a ₹175 premium over Mumbai despite a uniform ₹1 decline.
Gold prices on February 27 showed a clear metro spread, with Chennai quoting ₹16,276 per gram for 24K purity, ₹175 higher than Mumbai levels. Delhi followed at ₹16,182, while Kolkata and Bangalore aligned with Mumbai at ₹16,101. The ₹1 daily decline was uniform nationwide, but regional premiums persisted. Traders attribute variations to demand cycles and localized retail activity.