CHENNAI: A day after a Rs 1,320 surge, gold has increased by Rs 1,600 on December 23 (Tuesday). A sovereign (8 grams) is now priced at Rs 1,02,160 and a gram at Rs 12,770, after a rise of Rs 200. This marks the highest level this year.

Earlier, the metal had touched its previous yearly high on December 15 when it was priced at Rs 1,00,120 per sovereign (Rs 12,515 per gram).

The current gold rally comes after the US Federal Reserve delivered a much-anticipated rate cut and signalled further easing next year, weakening the dollar, and boosting global safe-haven demand, while a record-low rupee supported domestic prices.

From January 1, when gold stood at Rs 57,200 per sovereign (Rs 7,150 per gram), it has now climbed to Rs 1,02,160 per sovereign on December 23, a whopping increase of Rs 44,960, or about 78.6%.

Meanwhile, silver increased by Rs 3 to sell for a record Rs 234 per gram (Rs 2,34,000 per kg) on December 23.

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

December 22, 2025: 1 Sovereign- Rs 1,00,560 | 1 gram- Rs 12,570

December 20, 2025: 1 Sovereign- Rs 99,200 | 1 gram- Rs 12,400

December 19, 2025: 1 Sovereign- Rs 99,040 | 1 gram- Rs 12,380

December 18, 2025: 1 Sovereign- Rs 99,520 | 1 gram- Rs 12,440

December 17, 2025: 1 Sovereign- Rs 99,200 | 1 gram- Rs 12,400

Silver price over the last five days:

December 22, 2025: 1 gram- Rs 231

December 20, 2025: 1 gram- Rs 226

December 19, 2025: 1 gram- Rs 221

December 18, 2025: 1 gram- Rs 224

December 17, 2025: 1 gram- Rs 222