CHENNAI: The price of gold in the city has decreased by Rs 920 per sovereign on Friday, with a gram costing Rs 9,015. A sovereign now costs Rs 72,120.

On Thursday (May 8, 2025), the rate per sovereign, was sold at Rs 73,040.

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.

Following the continuous rise over the past few days, the gold price has now decreased and is currently being sold at Rs 72,120 per sovereign on May 9.

Meanwhile, the price of silver remains stable and is now being sold at Rs 110/gm.

Gold price over the last five days:

8.05.2025: 1 sovereign (22 carat)- Rs 73,040

7.05.2025: 1 sovereign (22 carat)- Rs 72,600

6.05.2025: 1 sovereign (22 carat)- Rs 72,800

5.05.2025: 1 sovereign (22 carat)- Rs 71,200

3.05.2025: 1 sovereign (22 carat)- Rs 70,040

Silver price over the last five days:

8.05.2025: 1 gram- Rs 110

7.05.2025: 1 gram- Rs 111

6.05.2025: 1 gram- Rs 111

5.05.2025: 1 gram- Rs 108

3.05.2025: 1 gram- Rs 108