Chennai gold prices crosses Rs 87K on Oct 1, 2025; gram costs Rs 10,890

CHENNAI: Gold extended its record-breaking rally into October, rising by Rs 240 on Wednesday (October 1) to an all-time high of Rs 87,120 per sovereign and Rs 10,890 per gram.

On September 30 (Tuesday), the price of the yellow metal had increased by Rs 720, selling for Rs 86,800 a sovereign (Rs 10,860/gram).

While the gold price has been inching forward for most of the year, what triggered the recent rally is the trade war that US President Donald Trump unleashed on the world, including India. 

Gold has surged 52.2% this year, jumping from Rs 57,200 at the start of the year to Rs 87,120 per sovereign today.

From Rs 57,200 per sovereign on January 1, it touched Rs 63,240 by February 5, and Rs 66,400 by March 14 after a single-day gain of Rs 1,440. On April 22, it jumped Rs 2,200 to Rs 74,320. The Rs 75,000 mark was crossed twice — on July 23 and August 6, at Rs 75,040.

In September alone, gold prices surged by over Rs 9,000. From Rs 77,640 per sovereign (Rs 9,705 per gram) on September 1, prices increased to Rs 86,880 per sovereign (Rs 10,860 per gram) on September 30, marking a rise of Rs 9,240 per sovereign and Rs 1,155 per gram.

On the other hand, the price of silver remains stable, and is sold for Rs 161/gram today.

Gold price (22-carat) over the last five days:

September 30, 2025 - 1 sovereign: Rs 86,880, 1 gram: Rs 10,860

September 29, 2025 - 1 sovereign: Rs 85,600, 1 gram: Rs 10,700

September 27, 2025 - 1 sovereign: Rs 85,120, 1 gram: Rs 10,640

September 26, 2025 - 1 sovereign: Rs 84,400, 1 gram: Rs 10,550

September 25, 2025 - 1 sovereign: Rs 84,080, 1 gram: Rs 10,510

Silver price over the last five days:

September 30, 2025 - 1 gram: Rs 161

September 29, 2025 - 1 gram: Rs 160

September 27, 2025 - 1 gram: Rs 159

September 26, 2025 - 1 gram: Rs 153

September 25, 2025 - 1 gram: Rs 150