After continuous spike, gold price falls by ₹240 per sovereign

CHENNAI: Price of gold which has been continuously increasing for the past few days has dropped today.

In Chennai, today, the price of 22 carat gold has dropped by Rs 240 per sovereign and sold at Rs 42,240 per sovereign. The fall in price per gram of gold is Rs 30 and is sold at Rs 5,250 per gram.

Silver also has been dropped by Rs 0.60 per gram to Rs 71.20 per gram and is now sold at Rs 71,800 per kg.