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.
