CHENNAI: Amid the New Year celebrations, the yellow metal in the city has plunged by Rs 320 per sovereign (8 grams) on January 1, 2026. Gold is now priced at Rs 99,520 per sovereign and Rs 12,440 per gram, a fall of Rs 40.
On December 31, evening gold was priced at Rs 99,480 per sovereign and Rs 12,480 per gram, a fall of Rs 560 from the morning session.
On December 27 evening, gold touched its highest level this year: Rs 1,04,800 per sovereign and Rs 13,100 per gram.
From January 1, when gold stood at Rs 57,200 per sovereign (Rs 7,150 per gram), it has now climbed to Rs 99,520 per sovereign on January 1, 2026, a whopping increase of Rs 42,320, or about 73.9%.
Gold’s rally in 2025 was driven by interest rate easing, heightened geopolitical tensions, including trade wars triggered by US President Donald Trump, and robust central bank buying, marking its steepest annual climb since 1979.
Meanwhile, silver decreased by Re 1 to sell for Rs 256 per gram (Rs 2,56,000 per kg) January 1, 2026.
December 31, 2025: 1 sovereign-Rs 99,480| 1 gram- Rs 12,480
December 30, 2025: 1 sovereign-Rs 1,00,800 | 1 gram- Rs 12,600
December 29, 2025: 1 Sovereign- Rs 1,04,160 | 1 gram- Rs 13,020
December 27, 2025: 1 Sovereign- Rs 1,04,800 | 1 gram- Rs 13,100
December 26, 2025: 1 Sovereign- Rs 1,03,120 | 1 gram- Rs 12,890
December 31, 2025: 1 gram- Rs 257
December 30, 2025: 1 gram- Rs 258
December 29, 2025: 1 gram- Rs 281
December 27, 2025: 1 gram- Rs 285
December 26, 2025: 1 gram- Rs 254