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.
