CHENNAI: The price of gold in the city has decreased by Rs 480 per sovereign on Wednesday (May 28, 2025), with a gram costing Rs 8,935.
A sovereign now costs Rs 71,480.
On Tuesday (May 27), a sovereign of gold was sold at Rs 71,960.
On February 5, the gold rate was Rs 63,240/sovereign.
It later shot up to Rs 64,000, only to plummet to Rs 63,520 on February 12.
On March 14, after more fluctuations, the price jumped to Rs 66,400 a massive spike of Rs 1,440 from the previous day’s price.
On April 22, the gold price soared to an all-time high of Rs 74,320/sovereign, marking a steep rise of Rs 2,200 per sovereign compared to the previous day's rate.
In the present month, gold prices have been experiencing fluctuations over the past week, and as of today, May 28, the rate stands at Rs 71,480 per sovereign.
Meanwhile, the price of silver remains stable and is now being sold at Rs 111/gm.
Gold price over the last five days:
27.05.2025: 1 sovereign (22 carat)- Rs 71,960
26.05.2025: 1 sovereign (22 carat)- Rs 71,600
24.05.2025: 1 sovereign (22 carat)- Rs 71,920
23.05.2025: 1 sovereign (22 carat)- Rs 71,520
22.05.2025: 1 sovereign (22 carat)- Rs 71,800
Silver price over the last five days:
27.05.2025: 1 gram- Rs 111
26.05.2025: 1 gram- Rs 111
24.05.2025: 1 gram- Rs 111
23.05.2025: 1 gram- Rs 111
22.05.2025: 1 gram- Rs 112
21.05.2025: 1 gram- Rs 111