On Diwali, Chennai gold price at Rs 95,360/sovereign and Rs 11,920 per gram
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewelers.
CHENNAI: The price of gold in Chennai decreased by Rs 640 per sovereign on October 20 (Monday). The yellow metal is now being sold at Rs 95,360. Accordingly, the per gram rate has dropped by Rs 80 to touch Rs 11,920.
A day earlier, on October 18, gold had dipped by Rs 2,000 to sell for Rs 95,600 (per gram: Rs 11,950).
Gold has seen a record rally this year as traders turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and the global trade war President Donald Trump unleashed, including on India. Bullion is on track for its best year since 1979, when the Tehran revolution impacted global markets. Silver has also climbed to all-time highs, boosted by a weak dollar and strong central bank and investment buying.
Gold prices have surged from Rs 57,200 per sovereign (Rs 7,150 per gram) at the start of the year to Rs 95,360 today (October 20), a massive surge of Rs 38,160, or roughly 66.7%
From Rs 57,200 per sovereign on January 1, gold 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.
Speaking to DT Next, S Santha Kumar, secretary, the Jewellers and Diamond Traders Association - Madras had earlier predicted that gold is likely to cross Rs 12,500 per gram (Rs 1 lakh per sovereign) before the end of December. "The demand has come down due to the price hike, but the rate would increase again, and those considering it as an investment should purchase it now," he recommended.
On the other hand, silver prices which had crossed a record Rs 200/gram this month, is now on a decline. Today, silver continues to cost Rs 190/gram. A gram of silver was priced at Rs 98 on January 1, and today it trades at Rs 190, marking a rise of Rs 92, or 94%. This means a kilogram of silver has increased from Rs 98,000 to Rs 1,90,000.
Gold price (22-carat) over the last five days:
October 18, 2025 - 1 sovereign: Rs 95,600, 1 gram: Rs 11,950
October 17, 2025 - 1 sovereign: Rs 97,600, 1 gram: Rs 12,200
October 16, 2025 - 1 sovereign: Rs 95,200, 1 gram: Rs 11,900
October 15, 2025 - 1 sovereign: Rs 94,880, 1 gram: Rs 11,860
October 14, 2025 - 1 sovereign: Rs 94,600, 1 gram: Rs 11,825
Silver price over the last five days:
October 17, 2025 - 1 gram: Rs 190
October 17, 2025 - 1 gram: Rs 203
October 16, 2025 - 1 gram: Rs 206
October 15, 2025 - 1 gram: Rs 207
October 14, 2025 - 1 gram: Rs 206
