CHENNAI: After crossing Rs 10,000 per gram on Saturday, the price of gold in Chennai dropped by Rs 35 per gram and Rs 280 per sovereign, with a gram now costing Rs 9,970 and a sovereign Rs 79,760 on September 8 (Monday).

On September 6 (Saturday), it had increased by Rs 1,120 per sovereign, reaching Rs 80,040.

While the gold price has been inching forward for most of the year, what triggered the recent surge is the trade war that US President Donald Trump unleashed on the world, including India.

Starting at Rs 57,200 per sovereign on January 1, the price of the yellow metal climbed to Rs 63,240 by February 5 and shot up to Rs 66,400 on March 14 with a single-day rise of Rs 1,440. On April 22, it hit another record by reaching Rs 74,320 after a Rs 2,200 leap. Gold price then crossed the Rs 75,000 mark twice — on July 23 and August 6 at Rs 75,040. In the latest surge, prices jumped Rs 2,400 in the first week of September to touch Rs 80,040.

Following the relentless rally, gold price today recorded a dip, with a sovereign costing Rs 79,760.

On the other hand, the price of silver has decreased by Re 1 and is sold for Rs 137/gram today.

Gold price (22 carat) over the last five days:

September 6, 2025 - 1 sovereign: Rs 80,040, 1 gram: Rs 10,005

September 5, 2025 - 1 sovereign: Rs 78,920, 1 gram: Rs 9,865

September 04, 2025 – 1 sovereign: Rs 78,360, 1 gram: Rs 9,795

September 03, 2025 – 1 sovereign: Rs 78,440, 1 gram: Rs 9,805

September 02, 2025 – 1 sovereign: Rs 77,800, 1 gram: Rs 9,725

Silver price over the last five days:

September 06, 2025 – 1 gram: Rs 138

September 05, 2025 – 1 gram: Rs 140

September 04, 2025 – 1 gram: Rs 137

September 03, 2025 – 1 gram: Rs 137

September 02, 2025 – 1 gram: Rs 137