CHENNAI: After two weeks of fluctuations, gold prices in Chennai recorded a massive surge on Tuesday (November 11), rising by Rs 1,760 per sovereign – the highest increase this month. With this, the price of 22-carat gold stands at Rs 93,600 per sovereign (8 grams) and Rs 11,700 per gram, up by Rs 220.

A day earlier, on Monday (November 10), gold had risen by Rs 1,440 in a single day, with a sovereign costing Rs 91,840 and a gram Rs 11,480, in the evening session.

The present oscillating trend follows a meteoric rise last month, when gold had surged to Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17—the highest this year—before plunging to Rs 88,600/sovereign (Rs 11,075/gram) on October 28.

Gold has rallied significantly this year as investors turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and global trade tensions.

For perspective: gold was priced at Rs 57,200 per sovereign (Rs 7,150 per gram) on January 1 this year, but costs Rs 93,600 today, November 11, marking a growth of Rs 36,400, or roughly 63.6%. On October 17, it had climbed to 70.6%, owing to a record rise of Rs 40,400 per sovereign.

Meanwhile, silver has increased by Re 1 per gram on November 10, bringing the rate to Rs 170 per gram (Rs 1,70,000/kg).

Gold price (22-carat) over the last five days:

November 10, 2025: 1 Sovereign- Rs 91,840 | 1 gram- Rs 11,480

November 08, 2025: 1 Sovereign- Rs 90,400 | 1 gram- Rs 11,300

November 07, 2025: 1 Sovereign- Rs 90,160 | 1 gram- Rs 11,270

November 06, 2025: 1 Sovereign- Rs 90,560 | 1 gram- Rs 11,320

November 05, 2025: 1 sovereign- Rs 89,440 | 1 gram- Rs 11,180

Silver price over the last five days:

November 10, 2025: 1 gram - Rs 169

November 08, 2025: 1 gram - Rs 165

November 07, 2025: 1 gram - Rs 165

November 06, 2025: 1 gram - Rs 165

November 05, 2025: 1 gram - Rs 163