The price of gold has increased by Rs. 880 per sovereign today. In Chennai, the price of 22-karat gold has risen by Rs. 880 per sovereign and is being sold at Rs. 1,06,240. The price of gold per gram has increased by Rs. 110 and is being sold at Rs. 13,280. The sharp increase in gold prices even before the start of the Tamil month of Thai has caused shock among jewelry enthusiasts.