CHENNAI: Gold after crossing the Rs 1.17 lakh mark in the morning has fallen by Rs 800 on January 23, 2026 (Friday) evening session. The yellow metal is now priced at Rs 1,16,400 per sovereign (8grams), and Rs 14,550 per gram, a fall of Rs 100.
In the morning session, the shiny metal was priced at Rs 1,17,200 per sovereign and Rs 14,650. This marked the highest rate in gold history.
Gold remains significantly higher compared to last year. Prices have surged from Rs 60,200 per sovereign (Rs 7,525 per gram) on January 23, 2025, to Rs 1,16,400 per sovereign (Rs 14,550 per gram) on January 23, 2026, evening, marking an increase of Rs 56,200, or about 93.3%.
Meanwhile, silver prices decreased by Rs 15 to sell for a record Rs 345 per gram (Rs 3,45,000 per kg) on January 23, evening. A gram had cost Rs 360 per gram on January 23 (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 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 17, 2026: 1 Sovereign- Rs 1,06,240 | 1 gram- Rs 13,280
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
January 17, 2026: 1 gram- Rs 310