Gold price rally continues in Chennai, crosses Rs 90,000 per sovereign mark on October 8
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewellers
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CHENNAI: Amid yet another relentless rally, the price of 22-carat gold in Chennai increased by a steep Rs 800 per sovereign (1 sovereign = 8 grams) on October 8 (Wednesday), touching an all-time high of Rs 90,400 per sovereign. Accordingly, the per-gram rate rose by Rs 100 to Rs 11,300.
On October 7 (Tuesday), 22-carat gold had increased by Rs 600 per sovereign (1 sovereign = 8 grams) to sell for Rs 89,600 a sovereign (Rs 11,200/gram).
Between October 4 and 8, across just five days, gold rose by Rs 2800 per sovereign (Rs 350 per gram) to touch Rs 90,400 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 remained stable, and now costs Rs 167/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
