Gold prices in Chennai rose by Rs. 320 per sovereign on Friday morning. On October 17, during the Diwali season, gold reached a historic high of Rs. 97,600 per sovereign. Since then, prices have been declining over the past week, with the sovereign dropping Rs. 4,000 in four days.
As of Thursday, 22-carat gold was sold at Rs. 11,500 per gram and a sovereign at Rs. 92,000. On Friday, the price of 22-carat gold increased to Rs. 11,540 per gram, while a sovereign is being sold for Rs. 92,320.
Meanwhile, silver, which has been experiencing a continuous decline, is being sold at Rs. 171 per gram today.
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