CHENNAI: After a relentless rally over the past few days, the price of 22-carat gold in Chennai decreased by Rs 320 per sovereign (1 sovereign = 8 grams) on September 24 (Wednesday), bringing the cost to Rs 84,800 per sovereign. Accordingly, the per-gram rate dropped by Rs 40 to Rs 10,600.

On September 23 (Tuesday), gold prices had climbed by Rs 560 in the morning to Rs 84,000 per sovereign, and further by Rs 1,120 in the evening to Rs 85,120, hitting an all-time high.

While the gold price has been inching forward for most of the year, what triggered the recent rally is the trade war that US President Donald Trump unleashed on the world, including India.

Gold has climbed steadily through 2025. From Rs 57,200 per sovereign on January 1, it touched Rs 63,240 by February 5, and Rs 66,400

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