Chennai gold price surges by Rs 80, sovereign costs Rs 90,480 on Nov 1, 2025
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewellers
An employee displays gold ornaments at a jewellery showroom ahead of 'Dhanteras' festival, in Agartala (Photo: PTI)
CHENNAI: Gold prices in Chennai witnessed a marginal increase on Saturday (November 1), rising by Rs 80 per sovereign. With this, the price of 22-carat gold stands at Rs 90,480 per sovereign (8 grams) and Rs 11,310 per gram.
The yellow metal, which had remained stable on Friday, resumed its upward movement today following a week of sharp fluctuations in the market.
On Thursday, gold had climbed by Rs 1,600 per sovereign after an earlier dip of Rs 1,800, before stabilising at Rs 90,400 by evening. Prices have now edged higher again, continuing the volatile trend that has marked the past week.
At the beginning of October, gold was priced at Rs 87,120 per sovereign (Rs 10,890 per gram). It later surged to Rs 97,600 (Rs 12,200 per gram) on October 17—the highest this year—before dropping to around Rs 90,000 levels by the month’s end.
Speaking to Thanthi TV, Jayantilal Challani, Founder and Chairman of the Challani Group, attributed the frequent fluctuations to global factors. “Central banks across the world continue to buy gold, leading to a surge in prices. The US Federal Reserve’s decision to keep gold as part of its reserves will also push prices up. Additionally, many investors are buying gold during price dips, which further drives demand,” he said.
Gold has rallied significantly this year as investors turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and global trade tensions. For perspective, gold was priced at Rs 57,200 per sovereign (Rs 7,150 per gram) on January 1, marking a rise of Rs 33,280, or about 58%, by November 1.
Meanwhile, silver prices also saw a rise of Rs 1 per gram today, bringing the rate to Rs 166 per gram.
Gold price (22-carat) over the last five days:
October 31, 2025: 1 sovereign – Rs 90,400 | 1 gram – Rs 11,300
October 30, 2025: 1 sovereign – Rs 90,400 | 1 gram – Rs 11,300
October 29, 2025: 1 sovereign – Rs 90,600 | 1 gram – Rs 11,325
October 28, 2025: 1 sovereign – Rs 88,600 | 1 gram – Rs 11,075
October 27, 2025 - 1 sovereign: Rs 91,600, 1 gram: Rs 11,450
Silver price over the last five days:
October 31, 2025: 1 gram – Rs 165
October 30, 2025: 1 gram – Rs 165
October 29, 2025: 1 gram – Rs 166
October 28, 2025: 1 gram – Rs 165
October 27, 2025 - 1 gram: Rs 170
