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Gold Rate in Chennai

Current Gold Rate in Chennai

24K Gold/10gm
23 Jan '26
1,59,761.00
+91.00(+0.06%)
22K Gold/10gm
23 Jan '26
1,46,447.58
+83.42(+0.06%)
18K Gold/10gm
23 Jan '26
1,19,820.75
+68.25(+0.06%)
Overview
Price by Karat & Gram
Last 10 Days Trend
Monthly Trend
Compare Cities
Gold 101
FAQs

Gold Rate Graph for Chennai


18K, 22K & 24K Gold Rate Per Gram in Chennai

NameTodayYesterdayPrice Change
1 Gram0.00N/AN/A
8 Gram0.00N/AN/A
10 Gram0.00N/AN/A
100 Gram0.00N/AN/A
gold candle
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Last 10 Days Gold Price in Delhi

Date
24K Gold
22K Gold
18K Gold
23rd January
1,56,925.00
1,43,847.92
1,17,693.75
22nd January
1,55,166.00
1,42,235.50
1,16,374.50
21st January
1,52,366.00
1,39,668.83
1,14,274.50
20th January
1,47,480.00
1,35,190.00
1,10,610.00
19th January
1,44,870.00
1,32,797.50
1,08,652.50
18th January
1,44,870.00
1,32,797.50
1,08,652.50
17th January
1,44,330.00
1,32,302.50
1,08,247.50
16th January
1,44,980.00
1,32,898.33
1,08,735.00
15th January
1,44,880.00
1,32,806.67
1,08,660.00
14th January
1,43,680.00
1,31,706.67
1,07,760.00
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Monthly Trend of Gold Rate

Day
24K Gold
22K Gold
18K Gold
1st January
1,37,240.001,25,803.331,02,930.00
21st January
1,56,925.001,43,847.921,17,693.75
High
(20th Jan)
1,61,425.001,47,972.921,21,068.75
Low
(1st Jan)
1,37,240.001,25,803.331,02,930.00
Change
+19,685.00(+14.34%)
+18,044.58(+14.34%)
+14,763.75(+14.34%)
Day
24K Gold
22K Gold
18K Gold
1st December
1,31,350.001,20,404.1798,512.50
31st December
1,36,140.001,24,795.001,02,105.00
High
(27th Dec)
1,42,910.001,31,000.831,07,182.50
Low
(8th Dec)
1,30,910.001,20,000.8398,182.50
Change
+4,790.00(+3.65%)
+4,390.83(+3.65%)
+3,592.50(+3.65%)
Day
24K Gold
22K Gold
18K Gold
1st November
1,23,380.001,13,098.3392,535.00
30th November
1,31,670.001,20,697.5098,752.50
High
(30th Nov)
1,31,670.001,20,697.5098,752.50
Low
(4th Nov)
1,21,970.001,11,805.8391,477.50
Change
+8,290.00(+6.72%)
+7,599.17(+6.72%)
+6,217.50(+6.72%)
Day
24K Gold
22K Gold
18K Gold
1st October
1,19,460.001,09,505.0089,595.00
31st October
1,23,380.001,13,098.3392,535.00
High
(16th Oct)
1,33,090.001,21,999.1799,817.50
Low
(2nd Oct)
1,18,910.001,09,000.8389,182.50
Change
+3,920.00(+3.28%)
+3,593.33(+3.28%)
+2,940.00(+3.28%)
Day
24K Gold
22K Gold
18K Gold
1st September
1,06,090.0097,249.1779,567.50
30th September
1,19,460.001,09,505.0089,595.00
High
(30th Sep)
1,19,460.001,09,505.0089,595.00
Low
(1st Sep)
1,06,090.0097,249.1779,567.50
Change
+13,370.00(+12.60%)
+12,255.83(+12.60%)
+10,027.50(+12.60%)
Day
24K Gold
22K Gold
18K Gold
1st August
1,01,350.0092,904.1776,012.50
31st August
1,05,880.0097,056.6779,410.00
High
(31st Aug)
1,05,880.0097,056.6779,410.00
Low
(19th Aug)
1,00,150.0091,804.1775,112.50
Change
+4,530.00(+4.47%)
+4,152.50(+4.47%)
+3,397.50(+4.47%)

Cost of Gold in Top Indian Cities

Cities
24K Gold
22K Gold
18K Gold

Gold 101

The prices of gold in Chennai are taken as a reference point by Tamil Nadu and some parts of South India. This city holds an important place because of its strong jewellery manufacturing sector, huge consumer base, and the rich tradition of temple jewellery making. Gold prices are quoted per gram or per 10 grams, with frequent intraday updates reflecting global market movements. Current Gold Prices in Chennai are:
  • 24-Carat Gold: NaN per gram (₹0 per 10 gram)
  • 22-Carat Gold: 0 per gram (₹0 per 10 gram)
  • 18-Carat Gold: 0 per gram (₹0 per 10 gram)
Gold prices fluctuate in Chennai in response to a combination of global forces and region-specific demand patterns.
  • Global influences
    • LBMA facilitates global gold price discovery and publishes internationally accepted benchmarks.
    • The changes in the Federal Reserve policy that would influence dollar strength and investor sentiment
    • Geopolitical uncertainties that drive safe-haven demand
    • Global trends in inflation that affect the valuation of these precious metals.
    • Currency exchange dynamics, especially movements of USD vs INR.
    • International gold price - USD/ounce
  • Chennai & Tamil Nadu–specific factors
    • Tamil wedding season results in significant demand spikes, particularly in the Tamil month of Chithirai, corresponding to April- May, and Margazhi, corresponding to December -January
    • Festival buying during Akshaya Tritiya, Pongal, Deepavali, and Navaratri
    • Temple Jewellery orders for classical dancers and religious purposes.
    • Demand originating in neighbouring states and flowing through the established market in Chennai.
Chennai also witnesses unique demand spikes during the Pongal harvest festival and Tamil New Year, Puthandu, which differentiates the demand pattern from the broader pan-Indian gold buying habits. This is apart from year-round demand from the country's classical arts fraternity, sustained by the rich temple jewellery-making tradition of the city. Because of this non-discretionary demand due to culture and tradition, the prices of gold in Chennai remain resilient even during high-price phases.
A spot rate refers to the prevailing market rate of transactions in bullion like gold. Jewellers purchase gold at spot prices. The gold spot price in Chennai is not determined on its own, but derived in a layered process:
  • International spot gold price
  • The USD–INR exchange rate
  • Customs duty and cess
  • Local bullion premiums
These prices are circulated across:
  • Bullion dealers
  • Jewellers
  • Banks and Authorised dealers
Domestic benchmark prices published by institutions such as the India Bullion and Jewellers Association - IBJA form the base price, to which jewellers add their additional cost, forming the retail prices.
The difference in spot and retail price of gold in Chennai exists because of the addition of many factors:
  • Making charges vary according to different jewellers
  • 3% GST on the value of Gold
  • 5% GST on making charges
  • Hallmarking fees
  • Operating margins of retailers
South Indian jewellery tends to be heavier and more intricate, which increases the labour costs involved and widens the gap between spot and retail prices.
Chennai follows India's integrated national taxation system for gold, which ensures transparency and uniformity.
On physical gold purchases:
  • Base Gold GST: 3% (calculated on pure gold value)
  • Making charges GST: 5% on the value of craftsmanship/labour charges
  • Customs Duty: 6% - already included in base gold pricing
  • Making Charges: variable, according to the intricacy of design required
  • BIS Hallmarking: ₹ 45 per jewellery piece, ₹ 200 minimum for batch processing
On gold investment [ETFs and Mutual Funds]:
  • Short-Term (less than 24 months holding): Added to annual income, and then taxed according to each individual's income tax bracket
  • Long-Term (24+ months holding): Flat rate of 12.5% plus applicable cess and surcharge
Tamil Nadu charges no additional state tax besides the national GST on gold.
Chennai ranks among India's top gold consumption centres, characterised by specific cultural drivers and advanced market features.
  • Strong preference for 22K gold jewellery.
  • Bulk buying for weddings and temple donations.
  • Family-led purchases.
  • Lower preference for lightweight or fashionable jewellery.
  • Increased acceptance of gold coins and digital gold by younger investors.
In Chennai, gold is considered less as a speculative asset, but more as a non-negotiable store of value.
While buying gold, buyers must consider the following:
Common issues
  • Complex making-charge calculations
  • Confusion between gross weight and net gold weight
  • Claims of verbal purity among small stores
  • Buy-back deductions are not disclosed upfront
Smart buying practices
  • Insist on BIS Hallmark and HUID
  • Ask for a complete GST invoice
  • State making charges separately
  • Understand exchange and resale deductions
These prices of gold vary across cities in India, but Chennai usually shows marginally higher retail prices because of:
  • Extremely High Jewellery Demand
  • Heavier ornament styles
  • Higher labour involvement
  • Strong regional buying sentiment
The best times to buy gold in Chennai are:
  • Akshaya Tritiya
  • Pongal
  • Tamil New Year (Puthandu)
  • Deepavali
  • Dhanteras
  • Navaratri Season
  • Pushya Nakshatra
  • Tamil month of Margazhi
  • Tamil month Chithirai
Chennai has a set legal framework in place that protects the consumer in the event of any dispute regarding gold purchases. Legal Protection Framework includes:
  • Consumer Protection Act, 2019
  • BIS Act
  • Legal Metrology Act
In case of disputes, buyers can contact:
  • Consumer Disputes Redressal Commissions
  • BIS grievance portal
  • Associations of local jewellers

FAQs of Gold Rates in Chennai

Buying gold in Chennai requires careful consideration of many variables, such as:
  • Quality Verification
  • Price Research
  • Making Charges Assessment
  • Documentation
  • Jewellers Identification
  • Purpose alignment
  • Timing Strategy
The highest price of 10 grams of 24K gold recorded in Chennai was about ₹NaN for 10 grams on .
As of , the spot rates per gram in Chennai are as follows:
  • 24K Gold:NaN per gram
  • 22K Gold:0 per gram
  • 18K Gold:0 per gram
Dhan is a popular investment platform that enables investors to buy Gold ETFs/Mutual Funds or trade Gold Options / Futures online. This is a step-by-step guide on how one can purchase gold using Dhan:
Tax on Buying Physical Gold
When you buy physical gold in Chennai, the following taxes are applicable:
  • 3% GST on the value of gold.
  • An additional 5% GST on the making charges.
Tax on Selling Gold
When you sell gold, any gain is liable for capital gains tax, the rate of which depends on:
  • Short Term Capital Gains (STCG): If you sell physical gold within 24 months of purchasing it, then it gets added to your total income, which is subsequently liable for taxes as per your income tax slab rates.
  • Long Term Capital Gains (LTCG): If sold off after 24 months, it is liable for tax at a flat rate of 12.5% (with cess and Surcharge).
One can use the BIS CARE app to verify the HUID number punched on hallmarked jewellery or approach a BIS-recognised AHC for testing by using an XRF machine, while magnet tests, ceramic scratch tests, or float tests are available in order to quickly test the purity of gold at home.
The prices of gold in Chennai are determined by global trends, global economic instability and local factors like import duty, GST, value of the Indian rupee against US dollar, seasonal demands (festivals/weddings), and local market rates determined by IBJA, among other factors that influence the final amount one pays for the purity of gold (like 24K, 22K, 18K) and making charges.
Currently, the gold rate is priced at ₹0 for 22 karat and ₹NaN for 24 karat in Chennai.



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