Gold price rises by Rs 320 per sovereign, gram costs Rs 8,290 in Chennai on March 19

CHENNAI: The price of gold in the city has increased by Rs 320 per sovereign (8 gram), with a sovereign costing Rs 66,320 on Wednesday.

There was a brief decline of prices for two days, when a sovereign was sold at Rs 65,680 on Monday.

On Friday (March 14), a sovereign costs Rs 66,400, recording a massive spike of Rs 1,440 from the previous day’s price.

On February 5, the gold rate in the city had crossed Rs 63,000, reaching Rs 63,240/sovereign. It had later shot up to Rs 64,000 only to plummet to Rs 63,520 on February 12.

Meanwhile, the price of silver increased by Re 1 and is being sold at Rs 114/gram.

Gold price over the last five days:

18.03.2025: 1 sovereign (22 carat)- Rs 66,000

17.03.2025: 1 sovereign (22 carat)- Rs 65,680

15.03.2025: 1 sovereign (22 carat)- Rs 65,760

14.03.2025: 1 sovereign (22 carat)- Rs 66,400

13.03.2025: 1 sovereign (22 carat)- Rs 64,960

Silver price over the last five days:

18.03.2025: 1 gram- Rs 113

17.03.2025: 1 gram- Rs 113

15.03.2025: 1 gram- Rs 112

14.03.2025: 1 gram- Rs 112

13.03.2025: 1 gram- Rs 110

12.03.2025: 1 gram- Rs 109