CHENNAI: After a continuous record-breaking rally, gold price plunged in the city on December 29 (Monday). The yellow metal fell by Rs 640 to be priced at Rs 1,04,160 per sovereign (8 grams) and Rs 13,020 per gram, after a fall of Rs 80.

On the evening of December 27, gold was priced at Rs 1,04,800 per sovereign and Rs 13,100 per gram.

The current gold rally comes after the US Federal Reserve delivered a much-anticipated rate cut and signalled further easing next year, weakening the dollar, and boosting global safe-haven demand, while a record-low rupee supported domestic prices.

From January 1, when gold stood at Rs 57,200 per sovereign (Rs 7,150 per gram), it has now climbed to Rs 1,04,160 per sovereign on December 29, a whopping increase of Rs 46,960, or about 82%.

Meanwhile, silver decreased by Rs 4 to sell for Rs 281 per gram (Rs 2,81,000 per kg) on December 29.

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

December 27, 2025: 1 Sovereign- Rs 1,04,800 | 1 gram- Rs 13,100

December 26, 2025: 1 Sovereign- Rs 1,03,120 | 1 gram- Rs 12,890

December 25, 2025: 1 Sovereign- Rs 1,02,560 | 1 gram- Rs 12,820

December 24, 2025: 1 Sovereign- Rs 1,02,400 | 1 gram- Rs 12,800

December 23, 2025: 1 Sovereign- Rs 1,02,160 | 1 gram- Rs 12,770

Silver price over the last five days:

December 27, 2025: 1 gram- Rs 285

December 26, 2025: 1 gram- Rs 254

December 25, 2025: 1 gram- Rs 245

December 24, 2025: 1 gram- Rs 244

December 23, 2025: 1 gram- Rs 234