CHENNAI: A day after the Deepavali, gold price fell by Rs 1440 on October 21(Tuesday) reaching Rs 96,000 per sovereign (1 sovereign = 8 gram). According the per-gram rate dipped by Rs.180 to Rs 12,000.

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, including on India. Bullion is on track for its best year since 1979, when the Tehran revolution impacted global markets. Silver has also climbed to all-time highs, boosted by a weak dollar and strong central bank and investment buying.

Gold prices have surged from Rs 57,200 per sovereign (Rs 7,150 per gram) at the start of the year to Rs 96,000 today (October 21), a dip of

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