Gold Rates Hit New Record! Gold Rate In Chennai Up Rs 34,800, Gold In Hyderabad Jumps Too; 24K, 22K, 18K Gold

Gold rates in India touched a new all-time high on January 12, with 10 grams surpassing the Rs 1.43 lakh mark. In cities like Chennai, 10 grams of 24-carat gold rallied by a whopping Rs 3,480, and 100 grams skyrocketed by Rs 34,800, making this the best single-day performance of this month. In comparison to Chennai, gold rates in Hyderabad rallied by Rs 1,690 per 10 grams and Rs 16,900 per 100 grams. The strategy for precious metals remains buy-on-dips, as outlook is bullish overall.

Gold Rates In India:

Gold Rates In Chennai:

24 carat gold price rallied by Rs 3,480 to Rs 1,43,130 per 10 grams, and surged the most by Rs 34,800 to Rs 14,31,300 per 100 grams. This upside is better than other cities like Hyderabad, Bengaluru, Mumbai, Delhi and Kerala. Meanwhile, 8 grams gold of the same carat climbed by Rs 2,784 to Rs 1,14,504. The cheapest 24 carat is of Rs 14,313 per 1 gram, which gained by Rs 348 from the previous day.

In case of 22 carat, 10 grams gold rose by Rs 2,200 to Rs 1,31,200 and 100 grams surged by Rs 22,000 to Rs 13,12,000. Additionally, 8 grams gold is up by Rs 1,760 to Rs 1,04,960 and 1 gram is up by Rs 220 to Rs 13,120.

Under 18 carat, 10 grams gold price rallied by Rs 1,800 to Rs 1,09,450; 100 grams zoomed by Rs 18,000 to Rs 10,94,500; 8 grams jumped by Rs 1,440 to Rs 87,556 and 1 gram edged higher by Rs 180 to Rs 10,945.

With that gold prices in Chennai is at new all-time highs.

Gold Rates In Hyderabad:

Here, 10 grams gold advanced by Rs 1,699 to Rs 1,42,150 in 24 carat, up by Rs 1,550 to Rs 1,30,300 in 22 carat, and rose by Rs 1,270 to Rs 1,06,610 in 18 carat.

In case of 100 grams, this gold jumped by Rs 16,900 to Rs 14,21,500 in 24 carat, rallied by Rs 15,500 to Rs 13,03,000 in 22 carat, and surged by Rs 12,700 to Rs 10,66,100 in 18 carat.

Further, 8 grams gold price gained by Rs 1,352 to Rs 1,13,720 in 24 carat, advanced by Rs 1,240 to Rs 1,04,240 in 22 carat, and zoomed by Rs 1,016 to Rs 85,288 in 18 carat.

The price of cheapest gold in Hyderabad is Rs 14,215 per gram for 24 carat gold, Rs 13,030 per gram for 22 carat gold and Rs 10,661 per gram for 18 carat gold (also called 999 gold).

Gold rates in Hyderabad are also at new highs.

Silver Rates In Chennai + Silver Rates In Hyderabad:

Silver prices are also at new historic high in Chennai and Hyderabad. The prices are similar in both the cities. That being said, 1Kg silver price skyrocketed by Rs 12,000 to hit new all-time high of Rs 2.87 lakh. While 100 grams and 10 grams silver prices stood at Rs 28,700 and Rs 2,870.

MCX Gold Price:

The gold rates in Chennai and Hyderabad followed the trend of gold performance at MCX and global market. MCX gold futures with February 2026 expiry, hit a new all-time high of Rs 1,41,469 per 1Kg in the early hours of January 12. Currently, this bullion traded at Rs 1,41,362 per 1Kg, up by nearly 1.83%.

Spot Gold Price:

Gold prices rose more than 1% to above $4,580 per ounce on Monday, reaching a record high as concerns over the Federal Reserve's independence and heightened geopolitical risks boosted safe-haven demand. Iran's parliament speaker on Sunday warned the US and Israel against any intervention after President Trump threatened strikes amid widespread protests in Iran that have reportedly killed hundreds of people, as per Trading Economics.

Gold Rates In India Prediction:

As per Ponmudi R, CEO of Enrich Money, following are the outlook for spot gold and MCX gold price ahead.

Spot Gold Price Outlook:

COMEX Gold marked a fresh lifetime high at $4,612.70 today and is currently consolidating near $4,582 after a strong rally. Prices are trading comfortably above the rising trendline and the 20-day EMA near $4,500. The prior resistance band of $4,500-$4,550 has now flipped into strong support, reinforcing the broader uptrend.

The current consolidation appears to be healthy profit-taking rather than trend weakness, offering structured entry opportunities. Persistent safe-haven demand, central-bank accumulation, and expectations of accommodative global policy continue to act as key bullish drivers. A sustained breakout above $4,600 could accelerate gains toward $4,700-$4,800.

MCX Gold Price Outlook:

A lifetime high of Rs1,41,250 has already been marked. The 20-day EMA near Rs1,38,000 continues to act as a reliable dynamic support, with pullbacks consistently attracting buyers. A sustained move above Rs1,42,000 could open targets toward Rs1,45,000-Rs1,48,000 in the near term. The preferred buy-on-dips zone remains Rs1,38,000-Rs1,39,000, keeping the overall strategy firmly bullish.

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