CHENNAI: Amid a pause from its week-long breakneck climb, the price of 22-carat gold has yet again increased in Chennai by Rs 320 per sovereign on Friday (Oct 24). A sovereign (1 sovereign = 8 gram) now costs Rs 92,320. Accordingly, the per-gram rate increased by Rs 40 to Rs 11,540.

On October 23, a day earlier, gold fell by Rs.320 to Rs 92,000 per sovereign (Rs 11,500 per gram).

On October 22, gold fell by Rs 2,400 to Rs 93,600 per sovereign (Rs 11,700 per gram). Later that afternoon, it plunged further by Rs 1,280 to Rs 92,320/sovereign (Rs 11,540/gram).

Commenting on this, Jayantilal Challani, president, Jewellers and Diamond Traders Association of Madras, said bullion logged its steepest Diwali Muhurat drop in five years (2021–2025). While silver fell by 4.85 per cent, gold decline

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