CHENNAI: Gold has plunged by Rs 320 on November 21, after a fall of Rs 800 the day before. A Sovereign (8 grams) is now priced at Rs 91,680, a gram at Rs 11,460 a fall of Rs 40.
On November 20, gold had cost Rs 92,000 per sovereign and Rs 11,500 per gram.
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 91,680/sovereign (Rs 11,460/gram) today, November 21, marking an increase of Rs 34,480 (approximately 65.4%).
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 4 on November 21, reaching Rs 169 per gram (Rs 169,000/kg). Yesterday, silver cost Rs 173 per gram, amid price fluctuations.
Gold price (22-carat) over the last five days:
November 20, 2025: 1 sovereign - Rs 92,000 | 1 gram-Rs 11,500
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
Silver price over the last five days:
November 20, 2025: 1 gram - Rs 173
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