CHENNAI: Reaching an all-time high, gold crossed the Rs 1.18 lakh mark after surging by Rs 1,040 in the afternoon session on January 24, 2026 (Saturday). The yellow metal is now priced at Rs 1,18,000 per sovereign (8 grams) and Rs 14,750 per gram, a rise of Rs 130.
In the morning session today, the shiny metal was priced at Rs 1,16,960 per sovereign and Rs 14,620.
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Gold remains significantly higher compared to last year. Prices have surged from Rs 60,440 per sovereign (Rs 7,555 per gram) on January 24, 2025, to Rs 1,18,000 per sovereign (Rs 14,750) on January 24, marking an increase of 95.23%.
Meanwhile, silver prices increased by Rs 10 to sell for a record Rs 365 per gram (Rs 3,65,000 per kg) on January 24 afternoon. A gram had cost Rs 355 per gram on January 24 (morning).
Explaining the relentless rise of gold in January, veteran jeweller Jayantilal Challani, president of Jewellers and Diamond Traders Association of Madras, said, “The current surge is primarily due to increased global uncertainty stemming from the Greenland crisis/tax rate tensions and overall risk-averse sentiment. Geopolitical tensions and fears over trade war affect the rate, as investors prefer safe-haven assets like gold.”
January 23, 2026: 1 Sovereign- Rs 1,16,400 | 1 gram- Rs 14,550
January 22, 2026: 1 Sovereign- Rs 1,13,600 | 1 gram- Rs 14,200
January 21, 2026: 1 Sovereign- Rs 1,15,320 | 1 gram- Rs 14,415
January 20, 2026: 1 Sovereign- Rs 1,11,200 | 1 gram- Rs 13,900
January 19, 2026: 1 Sovereign- Rs 1,07,600 | 1 gram- Rs 13,450
January 23, 2026: 1 gram- Rs 345
January 22, 2026: 1 gram- Rs 340
January 21, 2026: 1 gram- Rs 345
January 20, 2026: 1 gram- Rs 340
January 19, 2026: 1 gram- Rs 318