Chennai gold price rises on Nov 8, 2025; sovereign rate still in Rs 90,000 bracket
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewellers.
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CHENNAI: Amid a week of fluctuations, the price of gold on Saturday (November 8) has increased by Rs 240 per sovereign. 22-carat gold now costs Rs 90,400 per sovereign while the rate of a gram, up by Rs 30, is Rs 11,300.
On Friday (November 7), gold fell by Rs 400, and a sovereign was priced at Rs 90,160. A gram of gold was priced at Rs 11,270.
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 90,400 today, November 8, marking a growth of Rs 33,200, or roughly 58%. On October 17, it had climbed to 70.6%, owing to a record rise of Rs 40,400 per sovereign.
Meanwhile, silver rate remains the same as the previous day. It is priced at Rs 165 per gram (Rs 165,000/kg).
Gold price (22-carat) over the last five days:
November 07,2025: 1 Sovereign- Rs 90,160 | 1 gram- Rs 11,270
November 06,2025: 1 Sovereign- Rs 90,560 | 1 gram- Rs 11,320
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
Silver price over the last five days:
November 07, 2025: 1 gram - Rs 165
November 06, 2025: 1 gram - Rs 165
November 05, 2025: 1 gram - Rs 163
November 04, 2025: 1 gram - Rs 165
November 02, 2025: 1 gram - Rs 168