CHENNAI: The day after a Rs 1,600 surge, the rate of gold plummeted by Rs 800 on Thursday (November 20) in the city. A sovereign (8 grams) costs Rs 92,000, while a gram costs Rs 11,500, after a fall of Rs 100.
On November 19, gold was priced at Rs 92,800 per sovereign and Rs 11,600 per gram in the evening session.
On November 13, a sovereign had cost Rs 95,200, the highest rate gold touched this month.
The present seesaw trend follows a meteoric rise last month, when gold had surged to Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17, the highest this year, before plunging to Rs 88,600/sovereign (Rs 11,075/gram) on October 28.
Gold has rallied significantly this year as investors turned to the safe-haven asset amid geopolitical and economic uncertainty.
For perspective, gold was priced at Rs 57,200 per sovereign (Rs 7,150 per gram) on January 1, and costs Rs 92,000/sovereign (Rs 11,500/gram) today, November 20, marking an increase of Rs 34,800 (approximately 60.8%).
On October 17, it had climbed to 70.6%, owing to a record rise of Rs 40,400 per sovereign.
Meanwhile, the silver price decreased by Rs 3 on November 20, reaching Rs 173 per gram (Rs 173,000/kg). Yesterday, silver had cost Rs 176 per gram, amid price fluctuations.
Gold price (22-carat) over the last five days:
November 19, 2025: 1 sovereign - Rs 92,800 | 1 gram-Rs 11,600
November 18, 2025: 1 sovereign - Rs 91,200 | 1 gram-Rs 11,400
November 17, 2025: 1 Sovereign- Rs 92,320 | 1 gram-Rs 11,540
November 15, 2025: 1 Sovereign- Rs 92,400 | 1 gram-Rs 11,550
November 14, 2025: 1 Sovereign- Rs 95,200 | 1 gram- Rs 11840
Silver price over the last five days:
November 19, 2025: 1 gram - Rs 176
November 18, 2025: 1 gram - Rs 170
November 17, 2025: 1 gram - Rs 173
November 15, 2025: 1 gram - Rs 175
November 14, 2025: 1 gram - Rs 180