Best Ever! Gold Rates In Chennai Explode to New Historic Highs; 10 Grams Near Rs 1.58 Lakh; 24K, 22K, 18K Gold

Gold rates in Chennai exploded to new historic highs on January 21, 2026, tracking broader bullish market. 10 grams gold price is now racing to hit Rs 1.58 lakh mark. In the trading market, MCX gold futures have already crossed this threshold and touched a new all-time high of Rs 1,58,780 per 10 grams, while spot gold price has skyrocketed to hit $4,870 per ounce for the first time ever. Gold prices witnessed strong buying sentiment due to heightened risk in global economy owing to tariffs and geopolitical tensions.

Gold Rates In Chennai:

24 Carat Gold Prices:

Here, 10 grams gold surged by Rs 5,620 to Rs 1,57,260, while 100 grams gold skyrocketed by Rs 56,200 to Rs 15,72,600. The price of 8 grams gold is up by Rs 4,496 to Rs 1,25,808 and 1 gram gold is higher by Rs 562 to Rs 15,726.

22 Carat Gold Prices:

Under this carat, 10 grams gold price jumped by Rs 5,150 to Rs 1,44,150; while 100 grams gold climbed by Rs 51,500 to Rs 14,41,500. Further, 8 grams and 1 gram gold rates jumped by Rs 4,120 and Rs 515 to Rs 1,15,320 and Rs 14,415 respectively.

18 Carat Gold Prices:

In case of 18 carat gold, 10 grams price has soared by Rs 3,600 to Rs 1,19,500 and 100 grams gold surged by Rs 36,000 to Rs 11,95,000. Additionally, 8 grams gold price rose by Rs 2,880 to Rs 95,600 and 1 gram gold edged higher by Rs 360 to Rs 11,950.

In Chennai, gold prices have given over 15.5% returns across carats.

MCX Gold Price:

During the trading session, MCX gold touched a new all-time high of Rs 1,58,780 per 10 grams. Currently, the price is up by over 5%.

Spot Gold Price:

Gold extended its bullish run above $4,870 per ounce on Wednesday, setting a fresh record, as escalating tensions over Greenland boosted demand for safe-haven assets. President Donald Trump remained firm on his plan to acquire the Arctic island, following threats to impose an additional 10% import tariff on several European nations from February 1, potentially rising to 25% in June unless a deal on the island is reached. Greenland's prime minister urged citizens to prepare for a potential military move, though he called it unlikely, as per Trading Economics data.

Further, the Trading Economics data said, adding to the metal's haven appeal, a meltdown in Japanese government bonds has heightened concerns about the fiscal health of major economies, fueling the "debasement trade" as investors shun currencies and sovereign debt. Meanwhile, investors await the delayed US PCE inflation report later this week, which could provide further insight into the Federal Reserve's interest rate outlook.

Gold Rates In India Predictions:

As per Ponmudi R, CEO of Enrich Money, gold continues to mirror global strength, further supported by persistent weakness in the rupee, which has slipped past the psychological 91-per-dollar mark and is now trading around the 91.15-91.25 zone.

The expert further said, the rising channel remains firmly intact, with the Rs1,49,300-Rs1,50,300 zone acting as strong dynamic support. Dips are consistently being absorbed, reinforcing the dominance of buyers.

That being said, as per Ponmudi, a sustained breakout above Rs1,58,000-Rs1,59,000 can unlock the next leg toward Rs1,62,000-Rs1,65,000. The broader trend remains strongly bullish, with momentum firmly in favour of higher levels.

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