CHENNAI: The price of gold in the city has decreased by Rs 200 per sovereign on Wednesday morning, with a gram costing Rs 9,075. A sovereign now costs Rs 72,600.

On Tuesday (May 6, 2025), gold prices surged by Rs 600 in the evening, with a sovereign of gold rising from Rs 72,200 in the morning to Rs 72,800.

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 dropped and is currently being sold at Rs 72,600 per sovereign on May 7.

Meanwhile, the price of silver remains stable and is now being sold at Rs 111/gm.

Gold price over the last five days:

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

2.05.2025: 1 sovereign (22 carat)- Rs 70,040

1.05.2025: 1 sovereign (22 carat)- Rs 70,200

Silver price over the last five days:

6.05.2025: 1 gram- Rs 111

5.05.2025: 1 gram- Rs 108

3.05.2025: 1 gram- Rs 108

2.05.2025: 1 gram- Rs 109

1.05.2025: 1 gram- Rs 109