After continuous drop, Chennai gold price surges by Rs 560, sovereign costs Rs 90,000 on Nov 6, 2025
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewellers.
Representative Image (IANS)
CHENNAI: Gold prices in Chennai witnessed a marginal increase on Thursday (November 6), rising by Rs 560 per sovereign. With this, the price of 22-carat gold stands at Rs 90,000 per sovereign (8 grams) and Rs 11,250 per gram, increased by Rs 70.
On Wednesday, gold prices dropped by Rs 560, with a sovereign (8 grams) of 22-carat gold priced at Rs 89,440 and a gram at Rs 11,180.
The recent price fluctuations follow a meteoric rise last month, when gold had surged to Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17—the highest this year—before plunging to Rs 88,600/sovereign (Rs 11,075/gram) on October 28.
Speaking to Thanthi TV, Jayantilal Challani, Founder and Chairman of the Challani Group, attributed the frequent fluctuations to global factors. “Central banks across the world continue to buy gold, leading to a surge in prices.
The US Federal Reserve’s decision to keep gold as part of its reserves will also push prices up. Additionally, many investors are buying gold during price dips, which further drives demand,” he said.
Gold has rallied significantly this year as investors turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and global trade tensions.
For perspective: gold was priced at Rs 57,200 per sovereign (Rs 7,150 per gram) on January 1 this year, but costs Rs 90,000 today, November 6, marking a growth of Rs 32,800, or roughly 57.3%. On October 17, it had climbed to 70.6%, owing to a record rise of Rs 40,400 per sovereign.
Meanwhile, silver dropped by Re 1 per gram today, bringing the rate to Rs 164 per gram (Rs 1,64,000/kg).
Gold price (22-carat) over the last five days:
November 05,2025: 1 sovereign- Rs 89,440 | 1 gram- Rs 11,180
November 04,2025: 1 sovereign- Rs 90,000 | 1 gram- Rs 11,250
November 03, 2025: 1 sovereign- Rs 90,800 | 1 gram- Rs 11,350
November 01, 2025: 1 sovereign – Rs 90,480 | 1 gram – Rs 11,310
October 31, 2025: 1 sovereign – Rs 90,400 | 1 gram – Rs 11,300
Silver price over the last five days:
November 05, 2025: 1 gram - Rs 163
November 04, 2025: 1 gram - Rs 165
November 02, 2025: 1 gram- Rs 168
November 01, 2025: 1 gram – Rs 166
October 31, 2025: 1 gram – Rs 165