CHENNAI: The price of gold in the city has decreased by Rs 280 per sovereign on Friday (May 23, 2025), with a gram costing Rs 8,940. A sovereign now costs Rs 71,520.
On Thursday (May 22), a sovereign of gold was sold at Rs 71,800.
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 23, the rate stands at Rs 71,520 per sovereign.
Meanwhile, the price of silver has decreased by Re 1 and is now being sold at Rs 111/gm.
Gold price over the last five days:
22.05.2025: 1 sovereign (22 carat)- Rs 71,800
21.05.2025: 1 sovereign (22 carat)- Rs 71,440
20.05.2025: 1 sovereign (22 carat)- Rs 69,680
19.05.2025: 1 sovereign (22 carat)- Rs 70,040
17.05.2025: 1 sovereign (22 carat)- Rs 69,760
Silver price over the last five days:
22.05.2025: 1 gram- Rs 112
21.05.2025: 1 gram- Rs 111
20.05.2025: 1 gram- Rs 108
19.05.2025: 1 gram- Rs 109
17.05.2025: 1 gram- Rs 108