CHENNAI: The gold rate in the city continues to edge closer to the Rs 1 lakh mark, rising by Rs 640 on December 22. The yellow metal is now priced at Rs 99,840 per sovereign (8 grams) and Rs 12,480 per gram, an increase of Rs 80.
On December 20, gold was priced at Rs 99,200 per sovereign and Rs 12,400 per gram, a rise of Rs 20.
On December 15, gold was priced at Rs 1,00,120 per sovereign, the highest in the year.
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.
Earlier, the metal had touched its previous yearly high of Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17.
From January 1, when gold stood at Rs 57,200 per sovereign (Rs 7,150 per gram), it has now climbed to Rs 99,840 per sovereign on December 22, an increase of Rs 42,640, or about 74.5%.
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.
Earlier, the metal had touched its previous yearly high of Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17.
From January 1, when gold stood at Rs 57,200 per sovereign (Rs 7,150 per gram), it has now climbed to Rs 99,840 per sovereign on December 22, an increase of Rs 42,640, or about 74.5%.
Meanwhile, silver increased by Rs 5 to sell for Rs 231 per gram (Rs 2,31,000 per kg) on December 22. Rs 231 is the highest price silver has recorded this year.
Gold price (22-carat) over the last five days:
December 20, 2025: 1 Sovereign- Rs 99,200 | 1 gram- Rs 12,400
December 19, 2025: 1 Sovereign- Rs 99,040 | 1 gram- Rs 12,380
December 18, 2025: 1 Sovereign- Rs 99,520 | 1 gram- Rs 12,440
December 17, 2025: 1 Sovereign- Rs 99,200 | 1 gram- Rs 12,400
December 16, 2025: 1 Sovereign- Rs 98,800 | 1 gram- Rs 12,350
Silver price over the last five days:
December 20, 2025: 1 gram- Rs 226
December 19, 2025: 1 gram- Rs 221
December 18, 2025: 1 gram- Rs 224
December 17, 2025: 1 gram- Rs 222
December 16, 2025: 1 gram- Rs 211