CHENNAI: Gold prices surged Rs 400 on January 9 (Friday), continuing 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, after a rise of Rs 50.
On January 8, the rate of 22-carat gold was Rs 1,02,000 per sovereign and Rs 12,750 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 58,080 per sovereign (Rs 7,260 per gram) on January 9, 2025, to Rs 1,02,400 per sovereign (Rs 12,800 per gram) on January 9, 2026, marking an increase of Rs 44,320, or about 76%.
Meanwhile, silver prices decreased by Rs 4 to sell for Rs 268 per gram (Rs 2,68,000 per kg) on January 9. A gram had cost Rs 272 yesterday.
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 8, 2026: 1 Sovereign- Rs 1,02,000 | 1 gram- Rs 12,750
January 7, 2026: 1 Sovereign- Rs 1,02,400 | 1 gram- Rs 12,800
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 8, 2026: 1 gram- Rs 272
January 7, 2026: 1 gram - Rs 277
January 6, 2026: 1 gram - Rs 271
January 5, 2026: 1 gram - Rs 266
January 3, 2026: 1 gram - Rs 257