Chennai: Gold enters Rs 1.08 lakh bracket, silver costs Rs 330 on January 20, 2026
CHENNAI: Gold surged by Rs 1,280 to enter the Rs 1.08 lakh bracket on January 20, 2026. The yellow metal is now priced at Rs 1,08,880 per sovereign (8 grams) and Rs 13,610 per gram, marking an increase of Rs 160.
On January 19, 22-carat gold was priced at Rs 1,07,600 per sovereign, and Rs 13,450 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 59,600 per sovereign (Rs 7,450 per gram) on January 20, 2025, to Rs 1,08,880 per sovereign (Rs 13,610 per gram) on January 20, 2026, marking an increase of Rs 49,280, or about 82.6%.
Silver surge
Meanwhile, silver prices increased by Rs 12 to sell for a record Rs 330 per gram (Rs 3,30,000 per kg) on January 20. A gram had cost Rs 318 per gram on Monday (January 19).
After a record 2025 rally, the strongest for gold since 1979, geopolitical tensions from Venezuela to Iran and Greenland and fading hopes of a quick end to the Russia-Ukraine war have lifted demand for both precious metals. Questions over Fed independence have added to market uncertainty after the Trump administration launched a criminal investigation against Federal Reserve chair Jerome Powell, prompting central bank chiefs worldwide to voice support for him.
Market focus now shifts to the US Federal Reserve's January 27-28 meeting, where rates are expected to remain unchanged.
Gold price (22-carat) over the last five days:
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 16, 2026: 1 Sovereign- Rs 1,05,840 | 1 gram- Rs 13,230
January 15, 2026: 1 Sovereign - Rs 1,06,320 | 1 gram - Rs 13,290
January 14, 2026: 1 Sovereign - Rs 1,06,240 | 1 gram - Rs 13,280
Silver price over the last five days:
January 19, 2026: 1 gram- Rs 318
January 17, 2026: 1 gram- Rs 310
January 16, 2026: 1 gram- Rs 306
January 15, 2026: 1 gram- Rs 310
January 14, 2026: 1 gram- Rs 307
January 13, 2026: 1 gram- Rs 292