CHENNAI: Gold, after crossing the Rs 1.20 lakh mark the previous day, has dropped by Rs 520 on January 27, 2026 (Tuesday). The shiny metal now costs Rs 1,19,680 per sovereign (8grams), and Rs 14,960 per gram, a fall of Rs 65.
On January 26, gold was priced at Rs 1,20,200 per sovereign and Rs 15,025 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 60,320 per sovereign (Rs 7,540 per gram) on January 27, 2025, to Rs 1,19,680 per sovereign (Rs 14,550 per gram) on January 27, 2026, marking an increase of Rs 59,360, or about 98.4%.
Meanwhile, silver prices increased by Rs 12 to sell for a record Rs 387 per gram (Rs 3,87,000 per kg) on January 27. A gram had cost Rs 375 per gram on January 26.
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 26, 2026: 1 Sovereign- Rs 1,20,200 | 1 gram- Rs 15,025
January 24, 2026: 1 Sovereign- Rs 1,16,400 | 1 gram- Rs 14,650
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 26, 2026: 1 gram- Rs 376
January 24, 2026: 1 gram- Rs 355
January 23, 2026: 1 gram- Rs 345
January 22, 2026: 1 gram- Rs 340
January 21, 2026: 1 gram- Rs 345