On the first day of the week, gold prices in Chennai saw a sharp rise. The price of 22-carat ornamental gold increased by ₹320 per sovereign, bringing the rate to ₹90,800 per sovereign. Likewise, the price of gold per gram rose by ₹40, now selling at ₹11,350 per gram.

The increase follows fluctuations in the international market that continue to impact domestic gold prices.

On Saturday (Nov. 1), gold prices had already risen by ₹80 per sovereign, reaching ₹90,480 per sovereign, while the rate per gram stood at ₹11,310. Silver prices had also gone up slightly by ₹1 per gram, selling at ₹166.

With today’s hike, gold prices have shown steady upward movement, reflecting the ongoing volatility in global markets.