CHENNAI: Gold surged by Rs 1,360 to enter the Rs 1.07 lakh bracket on January 19, 2026. The yellow metal is now priced at Rs 1,07,600 per sovereign (8 grams) and Rs 13,450 per gram, marking an increase of Rs 170.
On January 17, 22-carat gold was priced at Rs 1,06,240 per sovereign, and Rs 13,280 per gram.
Gold remains significantly higher compared to last year. Prices have surged from Rs 59,480 per sovereign (Rs 7,435 per gram) on January 18, 2025, to Rs 1,07,600 per sovereign (Rs 13,450 per gram) on January 19, 2026, marking an increase of Rs 48,120, or about 80.9%.
Silver surge
Meanwhile, silver prices increased by Rs 8 to sell for a record Rs 318 per gram (Rs 3,18,000 per kg) on January 19. A gram had cost Rs 310 per gram on Saturday (January 17).
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 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
January 13, 2026: 1 Sovereign - Rs 1,05,360 | 1 gram - Rs 13,170
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