Gold and Silver Prices Continue to Rise in Chennai - Jan 07, 2026
In Chennai, the price of gold jewellery increased by ₹320 per sovereign today (January 7). With this hike, gold is now being sold at ₹1,02,960 per sovereign, while the price per gram has risen by ₹40 to ₹12,830 per gram.
Silver prices also witnessed a sharp increase today. After a brief decline at the beginning of the new year, silver prices surged by ₹12 per gram, reaching ₹283 per gram, and by ₹12,000 per kilogram, taking the price to ₹2,83,000 per kilogram.
Since the start of 2026, gold prices in Chennai have shown significant fluctuations. On January 1, the price of gold declined by ₹320 per sovereign, falling to ₹99,520. However, the very next day (January 2), prices rebounded sharply, rising by ₹1,120 per sovereign in a single day (morning and evening combined) to reach ₹1,00,640.
Subsequently, on Saturday, gold prices increased by ₹160 per sovereign, touching ₹1,00,800. Yesterday, prices rose further by ₹560 per sovereign, reaching ₹1,02,640, while the per-gram price increased by ₹70 to ₹12,830.
According to economic experts, the renewed upward trend in gold prices is being driven by increased investment demand amid global tensions and geopolitical developments. As a result, the price of gold in Chennai has increased by ₹2,160 per sovereign over the past three days alone.
