diff --git a/charts/stable/victoriametrics/Chart.yaml b/charts/stable/victoriametrics/Chart.yaml
index ef88980e720..c873da6c223 100644
--- a/charts/stable/victoriametrics/Chart.yaml
+++ b/charts/stable/victoriametrics/Chart.yaml
@@ -9,7 +9,7 @@ annotations:
   truecharts.org/min_helm_version: "3.14"
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 1.123.0
+appVersion: 1.124.0
 dependencies:
   - name: common
     version: 28.16.2
@@ -37,5 +37,5 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/stable/victoriametrics
   - https://hub.docker.com/r/victoriametrics/victoria-metrics
 type: application
-version: 4.6.2
+version: 4.7.0
 
diff --git a/charts/stable/victoriametrics/values.yaml b/charts/stable/victoriametrics/values.yaml
index 366bf06af36..e540a1b3146 100644
--- a/charts/stable/victoriametrics/values.yaml
+++ b/charts/stable/victoriametrics/values.yaml
@@ -1,6 +1,6 @@
 image:
   repository: docker.io/victoriametrics/victoria-metrics
-  tag: v1.123.0@sha256:e47c14e6bacd79eaa05a032f263dca91a157f1618de65f8f1f1617e44ebd3757
+  tag: v1.124.0@sha256:2d7fc1f0f19160a06b0d72daff6c96ddd58de1a4560d1d827aa79633b5382524
   pullPolicy: IfNotPresent
 service:
   main: