CHENNAI: Gold hit another all-time high on Wednesday (January 14), driven by safe-haven buying amid rising geopolitical tensions, a weaker dollar, and expectations of US Fed rate cuts. The shiny metal soared by Rs 880 per sovereign to cross the Rs 1.06 lakh mark. It is now priced at Rs 1,06,240 per sovereign (8 grams) and Rs 13,280 per gram, after a rise of Rs 110.
A day earlier, on January 13, gold was priced at Rs 1,05,360 per sovereign and Rs 13,170 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 58,640 per sovereign (Rs 7,330 per gram) on January 14, 2025, to Rs 1,06,240 per sovereign (Rs 13,280 per gram) on January 14, 2026, marking an increase of Rs 47,600, or about 81%.
Meanwhile, silver continues to sell for record prices. The metal surged by Rs 15 to sell for Rs 307 per gram (Rs 3,07,000 per kg) on January 14. A gram of silver had cost Rs 292 on Tuesday (January 13).
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.
January 13, 2026: 1 Sovereign - Rs 1,05,360 | 1 gram - Rs 13,170
January 12, 2026: 1 Sovereign - Rs 1,04,960 | 1 gram- Rs 13,120
January 10, 2026: 1 Sovereign- Rs 1,03,200 | 1 gram- Rs12,900
January 9, 2026: 1 Sovereign - Rs 1,02,400 | 1 gram- Rs 12,800
January 8, 2026: 1 Sovereign- Rs 1,02,000 | 1 gram- Rs 12,750
January 13, 2026: 1 gram- Rs 292
January 12, 2026: 1 gram- Rs 287
January 10, 2026: 1 gram- Rs 275
January 9, 2026: 1 gram- Rs 268
January 8, 2026: 1 gram- Rs 272