CHENNAI: Gold prices in Chennai surged by Rs 1,600 in a single day on Wednesday (November 19), with the yellow metal hitting Rs 92,800 per sovereign (8 grams) and Rs 11,600 per gram in the evening session.

In the morning, a sovereign rose by Rs 800 to Rs 92,000 (Rs 11,500 per gram).

Just a day earlier, on Tuesday (November 18), a sovereign of gold had slipped to Rs 91,200 (Rs 11,400 per gram) from Rs 92,320 (Rs 11,540 per gram).

On November 13, a sovereign had cost Rs 95,200, the highest rate gold touched this month.

The present seesaw trend follows 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.

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, and costs Rs 92,800/sovereign (Rs 11,600/gram) today, November 19, marking an increase of Rs 35,600 (approximately 62.2%).

On October 17, it had climbed to 70.6%, owing to a record rise of Rs 40,400 per sovereign.

Meanwhile, the silver price increased by Rs 3 in the evening session on Nov 19, reaching Rs 176 per gram (Rs 176,000/kg).

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

November 18, 2025: 1 sovereign - Rs 91,200 | 1 gram-Rs 11,400

November 17, 2025: 1 Sovereign- Rs 92,320 | 1 gram-Rs 11,540

November 15, 2025: 1 Sovereign- Rs 92,400 | 1 gram-Rs 11,550

November 14, 2025: 1 Sovereign- Rs 95,200 | 1 gram- Rs 11840

November 13, 2025: 1 Sovereign- Rs 95,200 | 1 gram- Rs 11,900

Silver price over the last five days:

November 18, 2025: 1 gram - Rs 170

November 17, 2025: 1 gram - Rs 173

November 15, 2025: 1 gram - Rs 175

November 14, 2025: 1 gram - Rs 180

November 13, 2025: 1 gram - Rs 183