CHENNAI: The price of 22-carat gold in the city, which has been oscillating this week, rose by Rs 800 per sovereign on Saturday (Oct 25).

A sovereign (1 sovereign = 8 grams) now costs Rs 92,000. Accordingly, the per-gram rate increased by Rs 100 to Rs 11,500.

On October 24, a day earlier, gold had risen by Rs 320 to Rs 92,320/sovereign (Rs 11,540/gram) only to plunge by Rs 1,120 to Rs 91,200/sovereign (Rs 11,500/gram) in the evening session.

On October 17, a sovereign had cost Rs 97,600 (gram: Rs 12,200), the highest it has recorded this year, only to fall later.

Gold has seen a record rally this year as traders turned to the safe-haven asset amid geopolitical and economic uncertainty, driven by the ongoing US shutdown and the global trade war President Donald Trump unleashed, includi

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