Gold Price Surge Continues in Chennai: Sovereign Reaches ₹1,05,560

Gold prices in Chennai continued their upward trend on October 28, 2026, raising concerns among jewellery buyers and attracting the attention of investors. The price of 22-carat gold increased by ₹480 per sovereign, taking the price to ₹1,05,560. The price per gram also rose by ₹60 to ₹13,195.

Gold Prices Rise by ₹1,000 in Three Days

After a sharp decline last week, gold prices were expected to fall further. However, the market witnessed a renewed upward trend towards the end of last week. Gold prices have now increased by ₹1,000 per sovereign over the past three days, adding to the uncertainty surrounding the market.

The continued rise could affect families planning to purchase jewellery for weddings and other special occasions. Buyers may need to consider their budgets carefully as prices fluctuate.

Silver Prices Remain Unchanged

While gold prices have increased, silver prices remained stable on October 28. Silver was priced at ₹220 per gram, with one kilogram of silver bars selling for ₹2,20,000.

Is Gold Still a Good Investment?

Gold is often considered a long-term investment and a way to diversify a portfolio. However, short-term price movements can be unpredictable, and prices may rise or fall depending on global economic conditions, currency movements, interest rates and investor demand.

Those considering gold as an investment should evaluate their financial goals, investment horizon and risk tolerance before making a decision. Jewellery buyers should also factor in making charges and applicable taxes when calculating the final cost.

With gold prices climbing again, buyers and investors will be watching closely to see whether the upward trend continues in the coming days.