CHENNAI: A day after slipping by Rs 480, gold rebounded by Rs 400 to re-enter the Rs 1.06 lakh bracket on January 17, 2026. The yellow metal is now priced at Rs 1,06,240 per sovereign (8 grams) and Rs 13,280 per gram, marking an increase of Rs 50.
On January 16, 22-carat gold was priced at Rs 1,05,840 per sovereign, and Rs 13,230 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 17, 2025, to Rs 1,06,240 per sovereign (Rs 13,280 per gram) on January 17, 2026, marking an increase of Rs 46,640, or about 78.2%.
Meanwhile, silver prices increased by Rs 4 to sell for a record Rs 310 per gram (Rs 3,10,000 per kg) on January 17. A gram had cost Rs 306 per gram on Friday (January 16).
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 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
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 16, 2026: 1 gram- Rs 310
January 15, 2026: 1 gram- Rs 310
January 14, 2026: 1 gram- Rs 307
January 13, 2026: 1 gram- Rs 292
January 12, 2026: 1 gram- Rs 287