CHENNAI: A day after falling by Rs 800, gold price increased by Rs 1600 in Chennai on Thursday (November 13), continuing a two-week trend of price fluctuations. With this, the price of 22-carat gold stands at Rs 94,400 per sovereign (8 grams) and Rs 11,800 per gram, rising by Rs 200.

A day earlier, on Wednesday (November 12), gold had fallen by Rs 800 per sovereign with a sovereign costing Rs 92,800 and a gram Rs 11,600.

The present oscillating trend follows a meteoric rise last month, when gold had surged to Rs 97,600 per sovereign (Rs 12,200 per gram) on October 17—the highest this year—before plunging to Rs 88,600/sovereign (Rs 11,075/gram) on October 28.

Gold has rallied significantly this year as investors turned to the safe-haven asset amid geopolitical and economic uncertainty,

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