# Gold price down Rs 8,360 in October; could a sovereign fall to Rs 75,000? What do experts predict?

> Gold prices in Chennai fell Rs 8,360 per sovereign over October, though they rose Rs 360 on 2 November to Rs 1,02,200. Experts expect further declines, with a possible drop to Rs 75,000, and say rate cuts would support gold.

- Date: 2026-11-02 · published 2026-11-03T00:15:30.421Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/76507-gold-price-down-rs-8-360-in-october-could-a-sovereign-fall-to-rs-75-000-what-do
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The article covers Indian retail gold pricing and rate expectations. It does not describe a supply or demand shift for feed commodities.

## Sources

- etvbharat.com: https://www.etvbharat.com/ta/business/gold-and-silver-rate-on-2nd-november-2026-monday-in-chennai-tns26110201010

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.