CHENNAI: The price of gold in Chennai on Saturday increased by Rs 40 per sovereign, with the yellow metal being sold at Rs 53,240 per sovereign. It was sold at Rs 53,200 yesterday.The gold price in Tamil Nadu has been fluctuating for the past several days, and the price has increased today.Accordingly, the price of gold is increased by Rs 5 and being sold at Rs 6,655 per gram.The price of silver has fallen by 50 paise and being sold at Rs 96 per gram.