Chennai gold prices rise after 13-day fall; 22-carat at 13,070 rupees per gram

Gold prices in Chennai rose slightly on October 24, the first increase after 13 days of continuous decline, with 22-carat gold selling at 13,070 rupees per gram and 104,560 rupees per sovereign. The price had fallen sharply on October 23, dropping 175 rupees per gram and 1,400 rupees per sovereign, bringing the 13-day total decline to 6,560 rupees per sovereign. Silver fell 5 rupees to 220 rupees per gram. Earlier this year, gold peaked at 134,000 rupees per sovereign in January due to US tariffs, Middle East tensions, and rising crude oil prices, before declining to 111,040 rupees on October 10.