CHENNAI: The gold created another history by crossing Rs 1 lakh per sovereign and stood at Rs 1,00,120 per sovereign and Rs 12,515 per gram for 22 carat gold on Monday evening.
The rate was Rs 12,460 per gram in the morning and by evening had an increase of Rs 55 per gram.
The silver price also rose by Rs 2 from Rs 213 to Rs 215 by evening. Meanwhile, the price of 18 carat gold also increased from Rs 10,400 per gram to 10,440 per gram on Monday.
On January 1, 2025 the gold price was Rs 7,150 which increased by Rs 5,365 per gram for the first time in history in a year and stood at Rs 12,515 per gram on Monday.
"We expected the gold price to cross Rs 1 lakh by March, 2026, but before three months of the anticipated period, the rate breached the mark. Even though the rate has increased for gold the demand remains high among the customers.
As there was an increase in the recent times for the metal, customers started considering it as a good investment and started purchasing and investing more in it, " said Jayantilal Challani, president of Jewellers and Diamond Traders Association of Madras.
Meanwhile, consumers acknowledge gold has turned into a safe investment option.
"Gold investment is preferred by many and investments have particularly increased in bonds. The gold price rise witnessed on Monday would see fluctuations, although nothing major.
The price would rise further in the following days, so investing in it is a secure option. Even the silver rate has increased but there has been no demand hike like for gold, considering the resale value and certain other factors," said M Somasundaram, a consumer activist.
Gold price (22-carat) over the last five days:
December 13, 2025: 1 Sovereign- Rs Rs 98,960 | 1 gram- Rs 12,370
December 12, 2025: 1 Sovereign- Rs Rs 98,960 | 1 gram- Rs 12,370
December 11, 2025: 1 sovereign- Rs 96,400 | 1 gram - Rs 12,050
December 10, 2025: 1 sovereign- Rs 96,240 | 1 gram - Rs 12,030
December 9, 2025: 1 sovereign- Rs 96,000 | 1 gram - Rs 12,000
Silver price over the last five days:
December 13, 2025: 1 gram- Rs 210
December 12, 2025: 1 gram- Rs 216
December 11, 2025: 1 gram- Rs 209
December 10, 2025: 1 gram- Rs 207
December 9, 2025: 1 gram- Rs 199