CHENNAI: Gold surged by Rs 2,200 and entered the Rs 1.20 lakh bracket on January 26 (Monday).
22-carat gold is now priced at Rs 1,20,200 per sovereign (8 grams) and Rs 15,025 per gram, rising by Rs 275.
On January 24, the shiny metal was selling for Rs 1,16,960 per sovereign (Rs 14,620 per gram).
Gold rate today vs gold rate on this day, last year
Gold remains significantly higher compared to last year. Prices have surged from Rs 60,440 per sovereign (Rs 7,555 per gram) on January 25, 2025, to Rs 1,20,200 per sovereign (Rs 15,025 per gram) on January 26, 2026, marking an increase of Rs 59,760, or about 101.1%
Silver surges
Meanwhile, silver increased by Rs 10 to sell for a record Rs 375 per gram (Rs 3,75,000 per kg) on January 26. A gram had cost Rs 355 per gram on January 24 (Saturday).
Why is gold price on the rise?
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."
Gold price (22-carat) over the last five days:
January 24, 2026: 1 Sovereign- Rs 1,16,960 | 1 gram- Rs 14620
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
Silver price over the last five days:
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
January 20, 2026: 1 gram- Rs 340