Chennai gold sovereign price hits Rs 94,800 on Oct 15; a gram of silver costs Rs 207
Planning to buy gold today? Check out the latest gold rates in Chennai before you head to the jewellers
CHENNAI: Continuing its breakneck climb, the price of 22-carat gold in Chennai rose on Wednesday (Oct 15), reaching Rs 94,880 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 280 to Rs 11,860.
On October 14 (Tuesday), gold rose by reaching a record Rs 94,600, while the gram rate increased by Rs 245 to Rs 11,825
Gold has seen a record rally this year as traders turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and the global trade war President Donald Trump unleashed, including on India. Bullion is on track for its best year since 1979, when the Tehran revolution impacted global markets. Silver has also climbed to all-time highs, boosted by a weak dollar and strong central bank and investment buying.
Gold prices have surged from Rs 57,200 per sovereign (Rs 7,150 per gram) at the start of the year to Rs 94,880 today (October 15), a massive surge of Rs 37,680, or 65.8%
From Rs 57,200 per sovereign on January 1, gold touched Rs 63,240 by February 5, and Rs 66,400 by March 14 after a single-day gain of Rs 1,440. On April 22, it jumped Rs 2,200 to Rs 74,320. The Rs 75,000 mark was crossed twice — on July 23 and August 6, at Rs 75,040. In September alone, gold prices surged by over Rs 9,000. From Rs 77,640 per sovereign (Rs 9,705 per gram) on September 1, it soared to Rs 86,880 per sovereign (Rs 10,860 per gram) on September 30, marking a rise of Rs 9,240 per sovereign and Rs 1,155 per gram.
Speaking to DT Next, S Santha Kumar, secretary, the Jewellers and Diamond Traders Association - Madras had earlier predicted that gold is likely to cross Rs 12,500 per gram (Rs 1 lakh per sovereign) before the end of December. "The demand has come down due to the price hike, but the rate would increase again, and those considering it as an investment should purchase it now," he recommended.
Silver soars
On the other hand, silver prices, which have also been on a steady rise, increased by Re 1, and now cost Rs 207/gram.
A gram of silver was priced at Rs 98 on January 1, and today it trades at Rs 207, marking a rise of Rs 109, or 111%. This means a kilogram of silver has increased from Rs 98,000 to Rs 2,06,000.
Gold price (22-carat) over the last five days:
October 14, 2025 - 1 sovereign: Rs 94,600, 1 gram: Rs 11,825
October 13, 2025 - 1 sovereign: Rs 92,640, 1 gram: Rs 11,580
October 11, 2025 - 1 sovereign: Rs 92,000, 1 gram: Rs 11,500
October 10, 2025 - 1 sovereign: Rs 90,720, 1 gram: Rs 11,340
October 9, 2025 - 1 sovereign: Rs 91,400, 1 gram: Rs 11,425
Silver price over the last five days:
October 14, 2025 - 1 gram: Rs 206
October 13, 2025 - 1 gram: Rs 197
October 11, 2025 - 1 gram: Rs 190
October 10, 2025 - 1 gram: Rs 187
October 9, 2025 - 1 gram: Rs 184
