Chennai continues to witness sharp fluctuations in gold prices as investor sentiment shifts frequently between precious metals and the stock market. Over the past month, gold has seen significant highs and lows, reflecting global market uncertainty.
On October 17, the price of one sovereign touched a peak of ₹97,600, while on October 28, it dropped to ₹88,600, marking a steep decline. In recent days, however, prices have been steadily climbing back toward their peak.
The day before yesterday, gold prices rose by ₹140 per gram and ₹1,120 per sovereign, pushing the rate to ₹11,980 per gram and ₹95,840 per sovereign.
Today, gold prices have surged once again. The price of 22-carat gold in Chennai has increased by ₹720 per sovereign, bringing the new rate to ₹96,560 per sovereign. The price per gram has also risen by ₹90, now selling at ₹12,070 per gram.
Silver prices have followed the same upward trend, increasing by ₹4 per gram and ₹4,000 per kilogram. Silver is currently sold at ₹196 per gram and ₹1,96,000 per kilogram.
Experts suggest that market volatility may continue in the coming weeks, keeping gold prices unpredictable.
