CHENNAI: Amid yet another relentless rally, the price of 22-carat gold in Chennai increased by Rs 120 per sovereign (1 sovereign = 8 grams) on October 9 (Thursday), touching an all-time high of Rs 91,200 per sovereign. Accordingly, the per-gram rate rose by Rs 15 to Rs 11,400.

On October 8 (Wednesday), in the morning session, 22-carat gold had increased by Rs 800 per sovereign (1 sovereign = 8 grams) to sell for Rs 90,400 a sovereign (Rs 11,300/gram). By afternoon, prices again rose by Rs 680 to Rs 91,080 a sovereign (Rs 11,385/gram).

Between October 4 and 9, across just five days, gold rose by Rs 3600 per sovereign (Rs 450 per gram) to touch Rs 91,200 today.

While the gold price has been inching forward for most of the year, what triggered the recent rally is the trade war that US Pre

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