Gold Price Drops Sharply in Chennai: Sovereign Falls by ₹880

The price of 22-carat gold jewellery in Chennai registered a significant decline today, the first trading day of the week. Gold prices fell by ₹880 per sovereign, bringing the price down to ₹92,160 per sovereign. The price per gram has decreased by ₹110, now selling at ₹11,520 per gram.

Over the past month, gold rates in India have shown continuous fluctuations due to international market conditions. On November 22, gold witnessed a sharp increase of ₹170 per gram, reaching ₹11,630 per gram, while a sovereign rose by ₹1,360, selling at ₹93,040. Silver prices also increased by ₹3 per gram, reaching ₹172 per gram.

As November 23 was a holiday, prices remained unchanged. However, today’s rate change reflects a noticeable market correction.

Silver Price Update

Alongside gold, the price of silver has also dropped by ₹1 per gram, now selling at ₹171 per gram.

Price Summary (24.11.2025):

Gold (22-carat):

– ₹92,160 per sovereign (down ₹880)
– ₹11,520 per gram (down ₹110)

 Silver:

– ₹171 per gram (down ₹1)

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