On Tuesday (March 11) morning, a sovereign of the yellow metal was sold for Rs 64,160, recording a dip of Rs 240 from the previous day's price.

However, over the next few days, the gold price steadily rose, only to rise again on March 13 (Today).

On February 5, the gold rate in the city had crossed the Rs 63K mark, reaching Rs 63,240/ sovereign. The price later arrived on the Rs 64,000-mark only to plummet to Rs 63,520 on February 12.

Meanwhile, the price of silver has increased by Re 1 and is being sold at Rs 110 per gram.