CHENNAI: Gold prices in Chennai surged by Rs 2,400 in a single day on Thursday (November 13), continuing a two-week streak of price fluctuations, with the yellow metal hitting ₹95,200 per sovereign (8 grams) and Rs 11,900 per gram.

In the morning, a sovereign was sold at Rs 94,400 and Rs 11,800 per gram, rose 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

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