Gold Price Soars: Sovereign Rises by Rs 1,960 in a Single Day!
The price of gold has been rising at an alarming rate since the beginning of this year. Although it dipped slightly at times, offering temporary relief to buyers, it has frequently surged to new highs - leaving both jewellers and investors shocked.
At the beginning of last month (August), the price of a 22-carat sovereign stood at ₹73,000. It gradually increased, crossing ₹75,000 on August 6, and then touched ₹75,200 and ₹75,760 in the following days. This steady rise has significantly impacted jewellers, especially with the wedding and festive seasons approaching.
Last week, gold prices saw a minor correction. On Tuesday, the price dropped by ₹640 and again by ₹40 on Wednesday, reaching ₹84,320 per sovereign. However, the trend reversed by Thursday and Friday, and today (October 14, 2025), the Chennai gold market witnessed a massive jump. The price of a 22-carat sovereign has surged by ₹1,960, now selling at ₹94,600.
Similarly, one gram of 22-carat gold has increased by ₹245 and is priced at ₹11,825. This sudden surge has once again shaken the gold market.
Detailed Price Breakdown (October 14, 2025):
22-carat gold: ₹11,825 per gram - ₹94,600 per sovereign
24-carat gold: ₹12,900 per gram - ₹1,03,200 per sovereign
18-carat gold: ₹9,770 per gram - ₹97,700 per sovereign
As gold prices soared, silver too witnessed a slight rise. Silver is now being sold at ₹206 per gram and ₹2,06,000 per kilogram.
Experts attribute the surge to global market fluctuations, rising US interest rates, and the ongoing demand during India’s wedding season.
