Gold Prices Soar Ahead of Diwali: Rs 800 Increase Per Sovereign in a Single Day
The value of the Indian rupee against the US dollar has been steadily declining due to the ongoing US trade war. This has led to a significant drop in stock market investments, prompting investors to turn toward gold as a safer option. As a result, gold prices have been rising at lightning speed, both day and night.
Yesterday, the price of gold increased sharply by ₹600 per sovereign in a single day. The day before, a sovereign of gold was sold at ₹89,000, and by yesterday it had risen to ₹89,600. Accordingly, the price per gram increased by ₹75 - from ₹11,125 to ₹11,200.
While gold prices surged, silver rates remained unchanged, providing slight relief to the public. Silver continued to be sold at ₹167 per gram and ₹1,67,000 per kilogram.
Today, gold prices have climbed even higher. In Chennai, the price of gold jewellery has risen by ₹800 per sovereign, with one sovereign now selling for ₹90,400. The price per gram has also increased by ₹100, reaching ₹11,300. Silver rates remain stable at ₹167 per gram and ₹1,67,000 per kilogram.
With the Diwali festival just 13 days away, there is growing concern among the public about how high gold prices will rise. Many fear that the continuous surge will make gold unaffordable for middle- and lower-income families. Despite these concerns, the upward trend shows no signs of slowing down, as gold continues to reach new record highs.
Gold Price Trend in the Last 5 Days:
08.10.2025: ₹90,400 per sovereign (Today)
07.10.2025: ₹89,600 per sovereign
06.10.2025: ₹89,000 per sovereign
05.10.2025: ₹87,600 per sovereign
04.10.2025: ₹87,600 per sovereign
03.10.2025: ₹87,200 per sovereign
