On the occasion of the English New Year, gold prices in Chennai witnessed a slight decline, offering temporary relief to buyers. The price of gold, which stood at ₹12,480 per gram the day before yesterday, fell by ₹40 yesterday and was sold at ₹12,440 per gram. Accordingly, one sovereign (8 grams) of 22-carat gold was priced at ₹99,520, down by ₹320 from the previous day’s rate of ₹99,840.

After days of continuous competitive increases in gold and silver prices, this brief dip brought some comfort to consumers. However, the relief was short-lived, as gold prices surged again today, with the price of one sovereign crossing the ₹1 lakh mark.

In Chennai today, the price of 22-carat gold has increased by ₹140 per gram and is being sold at ₹12,580 per gram. Consequently, one sovereign has risen by ₹1,120 and is now priced at ₹1,00,640.

Silver prices have also followed an upward trend. The price of silver has increased by ₹4 per gram and is currently being sold at ₹260 per gram. Bar silver is priced at ₹2,60,000.

Gold Prices Over the Last Few Days (22-Carat)

01-01-2026: ₹99,520 per sovereign
31-12-2025: ₹99,840 per sovereign
30-12-2025: ₹1,00,800 per sovereign
29-12-2025: ₹1,04,160 per sovereign
28-12-2025: ₹1,04,800 per sovereign
27-12-2025: ₹1,04,800 per sovereign

Silver Prices Over the Last Few Days

01-01-2026: ₹256 per gram
31-12-2025: ₹257 per gram
30-12-2025: ₹258 per gram
29-12-2025: ₹281 per gram
28-12-2025: ₹285 per gram
27-12-2025: ₹285 per gram

Market observers note that while short-term fluctuations continue, gold prices remain volatile, keeping both buyers and investors closely watchful of further movements.