CHENNAI: Gold prices in the city continued to surge on Tuesday (January 6), returning to the Rs 1.02 lakh bracket. The yellow metal rose by Rs 560 to sell for Rs 1,02,640 per sovereign (8 grams) and Rs 12,830 per gram, after a rise of Rs 70.
On January 5, the rate of 22-carat gold was Rs 1,02,080 per sovereign and Rs 12,760 per gram, after having risen by Rs 1,280 per sovereign (Rs 160 per gram) in a single day.
Gold remains significantly higher compared to last year. Prices have surged from Rs 57,720 per sovereign (Rs 7,215 per gram) on January 6, 2025, to Rs 1,02,640 per sovereign (Rs 12,830 per gram) on January 6, 2026, marking an increase of Rs 44,920, or about 78%.
Meanwhile, silver prices increased by Rs 5 to sell for Rs 271 per gram (Rs 2,71,000 per kg) on January 6.
After a record rally in 2025, when gold marked its steepest annual rise since 1979, gold and silver are expected to remain firm in 2026, supported by global rate-cut expectations, safe-haven demand amid continuing geopolitical tensions, and steady industrial consumption. Market focus is now on the US Federal Reserve’s January 27–28 meeting, where interest rates are expected to remain unchanged.
Gold price (22-carat) over the last five days:
January 5, 2026: 1 Sovereign- Rs 1,02,080 | 1 gram- Rs 12,760
January 3, 2026: 1 Sovereign- Rs 1,00,800 | 1 gram- Rs 12,600
January 2, 2026: 1 Sovereign- Rs 1,00,640 | 1 gram- Rs 12,580
January 1, 2026: 1 Sovereign- Rs 99,520 | 1 gram- Rs 12,440
December 31, 2025: 1 sovereign-Rs 99,480 | 1 gram- Rs 12,480
Silver price over the last five days:
January 5, 2026: 1 gram - Rs 266
January 3, 2026: 1 gram - Rs 257
January 2, 2026: 1 gram - Rs 260
January 1, 2026: 1 gram - Rs 256
December 31, 2025: 1 gram - Rs 257