Chennai: Gold price rises again in afternoon, hits record Rs 91,080 per sovereign on Oct 8

CHENNAI: The price of 22-carat gold in Chennai rose once again by Rs 680 on Wednesday afternoon (Oct 8), reaching a new all-time high of Rs 91,080 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 85 to Rs 11,385.

This morning, gold surged by Rs 800 per sovereign, reaching a record Rs 90,400, while the gram rate rose by Rs 100 to Rs 11,300.

Between October 4 and 8, across just five days, gold rose by Rs 3480 per sovereign (Rs 435 per gram) to touch Rs 91,080 today.

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.

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, it soared 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 has also increased by Rs 3, and now costs Rs 170/gram.

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

October 7, 2025 - 1 sovereign: Rs 89,600, 1 gram: Rs 11,200

October 6, 2025 - 1 sovereign: Rs 89,000, 1 gram: Rs 11,125

October 4, 2025 - 1 sovereign: Rs 87,600, 1 gram: Rs 10,950

October 3, 2025 - 1 sovereign: Rs 87,200, 1 gram: Rs 10,900

October 2, 2025 - 1 sovereign: Rs 87,600, 1 gram: Rs 10,950

Silver price over the last five days:

October 7, 2025 - 1 gram: Rs 167

October 6, 2025 - 1 gram: Rs 167

October 4, 2025 - 1 gram: Rs 165

October 3, 2025 - 1 gram: Rs 162

October 2, 2025 - 1 gram: Rs 164