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.
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