Gold price falls by Rs 120 per sovereign

Chennai: The price of gold witnessed a decrease of Rs 120 per sovereign in Chennai on Monday.

The yellow metal is now being sold at Rs 53,520 per sovereign, reflecting the ongoing fluctuations in gold prices observed over the past few days.

Alongside the sovereign price, the cost of gold per gram has also seen a reduction. The price per gram dropped by Rs 15, bringing it to Rs 6,690. Meanwhile, silver is being sold at Rs 95.60 per gram.