diff --git a/charts/stable/ollama/Chart.yaml b/charts/stable/ollama/Chart.yaml
index c1ee116d69d..8aa98e073b0 100644
--- a/charts/stable/ollama/Chart.yaml
+++ b/charts/stable/ollama/Chart.yaml
@@ -6,7 +6,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 0.3.0
+appVersion: 0.3.1
 dependencies:
   - name: common
     version: 24.1.5
@@ -35,4 +35,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/stable/ollama
   - https://hub.docker.com/r/ollama/ollama
 type: application
-version: 7.3.1
+version: 7.3.2
diff --git a/charts/stable/ollama/values.yaml b/charts/stable/ollama/values.yaml
index 50afc3c116e..a931a279cbc 100644
--- a/charts/stable/ollama/values.yaml
+++ b/charts/stable/ollama/values.yaml
@@ -1,11 +1,11 @@
 image:
   repository: ollama/ollama
   pullPolicy: IfNotPresent
-  tag: 0.3.0@sha256:0287b511c66fcaec00e21b3b96b9b3db7f9d88d971c6b4d8fa3b97ea5da752e8
+  tag: 0.3.1@sha256:05c9e7a4cdbf4b49a36048e863d94b56d6181b623cf049adcc2dbeb37175b173
 rocmImage:
   repository: ollama/ollama
   pullPolicy: IfNotPresent
-  tag: 0.3.0-rocm@sha256:f398f13eb1cfc3b7cc63822349d1574417d70b2bea615ecf63f389c2bec0e4e4
+  tag: 0.3.1-rocm@sha256:a53d45820330b8ac2a7ea28d0c2c87d60eac5f544a4a8f2bea187cd5f49eea25
 uiImage:
   repository: ghcr.io/open-webui/open-webui
   pullPolicy: IfNotPresent