CHENNAI: The price of gold in the city has decreased by Rs 160 per sovereign, with a gram costing Rs 8,755 on Friday. A sovereign now costs Rs 70,040.
On Thursday (May 1, 2025), the rate per sovereign, was sold at Rs 70,200.
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
After a continuous rise over the past few days, the price has now dropped for the second consecutive day and is being sold at Rs 70,040 per sovereign as of May 2 (today).
Meanwhile, the price of silver remains stable and is now being sold at Rs 109/gm.
Gold price over the last five days:
1.05.2025: 1 sovereign (22 carat)- Rs 70,200
30.04.2025: 1 sovereign (22 carat)- Rs 71,840
29.04.2025: 1 sovereign (22 carat)- Rs 71,840
28.04.2025: 1 sovereign (22 carat)- Rs 71,520
26.04.2025: 1 sovereign (22 carat)- Rs 72,040
Silver price over the last five days:
1.05.2025: 1 gram- Rs 109
30.04.2025: 1 gram- Rs 111
29.04.2025: 1 gram- Rs 111
28.04.2025: 1 gram- Rs 111
26.04.2025: 1 gram- Rs 112