CHENNAI: The price of 22-carat gold in Chennai rose Rs 440 on Monday afternoon (Oct 13), reaching Rs 92,640 per sovereign (1 sovereign = 8 gram). Accordingly, the per-gram rate rose by Rs 55 to Rs 11,580.

This 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.

On October 11 (Saturday), 22-carat gold had increased by Rs 680 per sovereign to sell for Rs 91,400 a sovereign (Rs 11,425/gram).

By evening, prices again rose by Rs 600 to Rs 92,000 a sovereign (Rs 11,500/gram) While the gold price has been inching forward for most of the year, what triggered the recent rally is the trade war that US President Donald Trump unleashed on the world, including India.

Rs 57,200 per sovereign on January 1, it touched Rs 63,24

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