CHENNAI: Continuing its breakneck climb, the price of 22-carat gold in Chennai rose by Rs 1960 on Tuesday (Oct 14), reaching Rs 94,600 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 245 to Rs 11,825.

On October 13 morning, gold rose by Rs 200 per sovereign, reaching a record Rs 92,200, while the gram rate increased by Rs 165 to Rs 11,525. In the afternoon trade the price of 22-carat gold in Chennai rose by Rs 440 reaching Rs 92,640 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 55 to Rs 11,580. With the combined morning and evening trades, gold saw a total single-day rise of Rs 640 per sovereign.

Gold has seen a record rally this year as traders turned to the safe-haven asset amid geopolitical and economic uncertainty, dr

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