CHENNAI: Gold prices dipped by Rs 560 in the evening session on January 7 (Wednesday), but it continues to stay in the Rs 1.02 lakh bracket. The yellow metal is being sold for Rs 1,02,400 per sovereign (8 grams) and Rs 12,800 per gram, down by Rs 70.
Today morning, 22-carat gold was priced at Rs 1,02,960 per sovereign and Rs 12,870 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 57,720 per sovereign (Rs 7,215 per gram) on January 7, 2025, to Rs 1,02,400 per sovereign (Rs 12,800 per gram) on January 7, 2026 evening, marking an increase of Rs 44,680, or about 77.4%.
Meanwhile, silver prices decreased by Rs 6 to sell for Rs 277 per gram (Rs 2,77,000 per kg) on January 7 evening. Earlier today, a gram of silver cost Rs 283.
After a record rally in 2025, when gold marked its steepest annual rise since 1979, gold and silver are expected to remain firm in 2026, supported by global rate-cut expectations, safe-haven demand amid continuing geopolitical tensions, and steady industrial consumption. Market focus is now on the US Federal Reserve’s January 27–28 meeting, where interest rates are expected to remain unchanged.
January 6, 2026: 1 Sovereign- Rs 1,02,640 | 1 gram- Rs 12,830
January 5, 2026: 1 Sovereign- Rs 1,02,080 | 1 gram- Rs 12,760
January 3, 2026: 1 Sovereign- Rs 1,00,800 | 1 gram- Rs 12,600
January 2, 2026: 1 Sovereign- Rs 1,00,640 | 1 gram- Rs 12,580
January 1, 2026: 1 Sovereign- Rs 99,520 | 1 gram- Rs 12,440
January 6, 2026: 1 gram - Rs 271
January 5, 2026: 1 gram - Rs 266
January 3, 2026: 1 gram - Rs 257
January 2, 2026: 1 gram - Rs 260
January 1, 2026: 1 gram - Rs 256