Gold prices in Chennai remained firm on Thursday, January 8, 2026, with the city recording the highest rates among major Indian metros. The yellow metal
continued to trade above the Rs 1.38 lakh mark per 10 grams, supported by steady domestic demand and stable global cues. Gold prices today in India (January 8, 2026) According to bullion market data, 24-carat gold in Chennai was priced at Rs 1,38,660 per 10 grams, while 22-carat gold, commonly used for jewellery, was trading around Rs 1,26,900 per 10 grams. Prices in the city were marginally higher than those in Mumbai, Delhi, and Bengaluru, reflecting strong local demand. Silver also remained elevated in Chennai. The white metal was trading at Rs 2,52,070 per kg, making it one of the costliest silver markets in the country. Traders said demand from industrial users and jewellers has kept silver prices firm despite recent volatility in global markets. Understanding 22K vs 24K Gold Prices Gold purity plays a major role in pricing. 24 karat gold, with 99.9 per cent purity, carries the highest value and is commonly chosen for investment in the form of bars or coins. On the other hand, 22 karat gold, also known as 916 gold, contains 91.6 per cent pure gold mixed with other metals. This blend enhances durability, making it ideal for crafting everyday and bridal jewellery. For buyers, knowing the difference between these purities helps align purchases with personal needs, whether it’s investment security or wearable strength. Factors Influencing Gold Rates Several elements shape gold prices daily, including international bullion trends, currency fluctuations, global economic cues, and local demand. Festive seasons and weddings also contribute to short-term price movements.
