CHENNAI: The price of gold in the city has decreased by Rs 480 per sovereign on Wednesday (July 9, 2025), with a gram costing Rs 9,000.

A sovereign of the yellow metal now costs Rs 72,000.

On Tuesday (July 8), a sovereign of gold was sold at Rs 72,480 after recording a rise of Rs 400 per sovereign.

On February 5, the gold rate was Rs 63,240/sovereign. It later shot up to Rs 64,000, only to plummet to Rs 63,520 on February 12.

On March 14, after more fluctuations, the price jumped to Rs 66,400, a massive spike of Rs 1,440 from the previous day’s price.

On April 22, the gold price soared to an all-time high of Rs 74,320/sovereign, marking a steep rise of Rs 2,200 per sovereign compared to the previous day's rate.

Meanwhile, gold prices have been experiencing fluctuations over the past week, and as of today, July 9, the rate stands at Rs 72,000 per sovereign.

On the other hand, the price of silver remains stable and is sold at Rs 120/gm.

Gold price over the last five days:

8.07.2025: 1 sovereign (22 carat) - Rs 72,480

7.07.2025: 1 sovereign (22 carat) - Rs 72,080

5.07.2025: 1 sovereign (22 carat) - Rs 72,480

4.07.2025: 1 sovereign (22 carat) - Rs 72,400

3.07.2025: 1 sovereign (22 carat) - Rs 72,840

Silver price over the last five days:

8.07.2025: 1 gram- Rs 120

7.07.2025: 1 gram- Rs 120

5.07.2025: 1 gram- Rs 120

4.07.2025: 1 gram- Rs 120

3.07.2025: 1 gram- Rs 121

2.07.2025: 1 gram- Rs 120