CHENNAI: The price of gold on Friday decreased by Rs 240 per sovereign in the city. A sovereign now costs Rs 64,240 while a gram costs Rs 8,030.

On Thursday (March 6) morning, a sovereign of the yellow metal had cost Rs 64,160, recording a dip of Rs 360 from the previous day's price. However, later, in the day, the price per sovereign rose to Rs 64,480, marking a rise of Rs 320.

On February 5, the gold rate in the city had crossed the Rs 63K mark, reaching Rs 63,240/ sovereign. The price later arrived on the Rs 64,000-mark only to plummet to Rs 63,520 on February 12. After a series of fluctuations which are persisting in March, a sovereign costs Rs 64,240 today (March 7).

Meanwhile, the price of silver remains same and being sold at Rs 108 per gram.

Gold price over the last five days:

06.03.2025: 1 sovereign (22 carat)- Rs 64,480

05.03.2025: 1 sovereign (22 carat)- Rs 64,520

04.03.2025: 1 sovereign (22 carat)- Rs 64,080

03.03.2025: 1 sovereign (22 carat)- Rs 63,520

01.03.2025: 1 sovereign (22 carat)- Rs 63,520

Silver price over the last five days:

06.03.2025: 1 gram- Rs 108

05.03.2025: 1 gram- Rs 107

04.03.2025: 1 gram- Rs 107

03.03.2025: 1 gram- Rs 107

01.03.2025: 1 gram- Rs 105