On April 13, 2026, gold prices in Chennai reflected a downward trend, consistent with global market movements. The price for 24K gold was reported at ₹15,257 per gram, while 22K gold ranged between ₹13,975 and ₹14,060 per gram. This decline follows a significant drop in gold futures on the Multi Commodity Exchange (MCX) of India, which fell by ₹602 to reach ₹1,52,050 per 10 grams. The changes in pricing are linked to US President Donald Trump's recent military directives concerning the Strait of Hormuz, impacting the precious metals market. Major jewellery retailers in Chennai, such as GRT Jewellers and Tanishq, have updated their prices accordingly, with Tanishq listing 22K gold at ₹14,051 per gram across major cities including New Delhi and Mumbai. The fluctuations in gold prices are of particular interest to investors and consumers alike, as they navigate the implications of geopolitical developments on market stability.