CHENNAI: A day after a Rs 1,600 surge, gold has increased by Rs 240 on December 24 (Wednesday). A sovereign (8 grams) is now priced at Rs 1,02,400 and a gram at Rs 12,800, after a rise of Rs 30. This marks the highest level this year.

Earlier, the metal had touched its previous yearly high on December 15 when it was priced at Rs 1,00,120 per sovereign (Rs 12,515 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 1,02,400 per sovereign on December 24, a whopping increase of Rs 45,200, or about 79%.

Meanwhile, silver increased by Rs 10 to sell for a record Rs 244 per gram (Rs 2,44,000 per kg) on December 24.

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

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

December 22, 2025: 1 Sovereign- Rs 1,00,560 | 1 gram- Rs 12,570

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

Silver price over the last five days:

December 23, 2025: 1 gram- Rs 234

December 22, 2025: 1 gram- Rs 231

December 20, 2025: 1 gram- Rs 226

December 19, 2025: 1 gram- Rs 221

December 18, 2025: 1 gram- Rs 224