Gold Rate in Chennai Today Last Updated : 09 Dec 2022

Gold is a hugely important commodity in Chennai/Madras, the capital of South-Indian state Tamil Nadu. Today Gold Rate in Chennai ranks above all other cities and towns in India when it comes to gold trade. This cosmopolitan city boasts the maximum number of sales and purchases of gold in India.

In keeping with the rest of the country, the people of Chennai purchase gold mainly in the form of jewellery. Needless to say, there are a number of jewelry establishments spread in and around the city to meet this demand. Gold rate today or prices are updated on a daily basis and can be obtained from those dealing in gold or online via many financial sites.

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  • Today's Gold Rate in Chennai (09 Dec 2022)

    ₹ 5,047
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Chennai (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,047 ₹ 5,023 ₹ 24 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,376 ₹ 40,184 ₹ 192 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,299 ₹ 5,274 ₹ 25 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,392 ₹ 42,192 ₹ 200 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    09 Dec 2022 ₹ 5,047 ₹ 40,376 ₹ 5,299 ₹ 42,392
    08 Dec 2022 ₹ 5,023 ₹ 40,184 ₹ 5,274 ₹ 42,192
    07 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    06 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    05 Dec 2022 ₹ 5,045 ₹ 40,360 ₹ 5,297 ₹ 42,376
    04 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    03 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    02 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    01 Dec 2022 ₹ 4,955 ₹ 39,640 ₹ 5,203 ₹ 41,624
    30 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296

    Weekly & Monthly Graph of Gold Rate in Chennai (1 gram)

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Today's Gold Price in Chennai

    India imports most of its gold requirements from abroad. Chennai (Madras) which doesn’t have any significant gold rates production also contributes to the country’s need to substantiate gold demand through imports. Even though gold is bought as jewelry, it is done for reasons beyond ornamentation. Such purchases form a part of many buyers’ investment portfolio.

    Historical Gold Price in Chennai

    Months Lowest Price 24 Karat Gold – ₹ Per 10 Grams Highest Price 24 Karat Gold – ₹ Per 10 Grams
    November 2022 51,210 52,770
    October 2022 51,320 52,670
    September 2022 51,210 53,870
    August 2022 51,200 53,800
    July 2022 51,230 53,730
    June 2022 51,030 53,830
    May 2022 51,670 53,480
    April 2022 48,030 52,400
    March 2022 52,160 55,320
    February 2022 49,240 54,010
    January 2022 47,530 48,690

    December 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    December 1 Rate Rs.5,203 per gram
    December 5 Rate Rs.5,297 per gram
    Highest Rate in December Rs.5,297 per gram on 5 December
    Lowest Rate in December Rs.5,203 per gram on 1 December
    Overall Performance Incline

    November 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    November 1 Rate Rs.4,940 per gram
    November 30 Rate Rs.5,162 per gram
    Highest Rate in November Rs.5,208 per gram on 16 November
    Lowest Rate in November Rs.4,940 per gram on 1 November
    Overall Performance Incline

    October 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    October 1 Rate Rs.4,925 per gram
    October 31 Rate Rs.4,951 per gram
    Highest Rate in October Rs.4,982 per gram on 27 October
    Lowest Rate in October Rs.4,940 per gram on 29 and 30 October
    Overall Performance Decline

    September 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    September 1 Rate Rs.4,946 per gram
    September 30 Rate Rs.4,884 per gram
    Highest Rate in September Rs.4,925 per gram on 23 September
    Lowest Rate in September Rs.4,851 per gram on 21 September
    Overall Performance Incline

    August 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,035 per gram
    August 31 Rate Rs.5,056 per gram
    Highest Rate in August Rs.5,120 per gram on 16 August
    Lowest Rate in August Rs.5,056 per gram on 22 August
    Overall Performance Incline

    July 2022 Gold Rate in Chennai

    Parameter Gold price (24 karat)
    July 1 Rate Rs.5,025 per gram
    July 31 Rate Rs.5,056 per gram
    Highest Rate in July Rs.5056 per gram on 30th July and 31st July
    Lowest Rate in July Rs.4,858 per gram on 16th July and 17th July
    Overall Performance Incline

    June 2022 Gold Rate in Chennai

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,977 per gram
    June 30 Rate Rs.4,917 per gram
    Highest Rate in June Rs.5,077 per gram on 13 June
    Lowest Rate in June Rs.4,917 per gram on 30th June
    Overall Performance Decline

    May 2022 Gold Rate in Chennai

    Parameters Gold price (24 karat)
    May 1 Rate Rs.5,148 per gram
    May 31 Rate Rs.5,014 per gram
    Highest Rate in May Rs.5,148 per gram on 1 May
    Lowest Rate in May Rs.4,964 per gram on 18 May
    Overall Performance Decline

    April 2022 Gold Rate in Chennai

    Parameters Gold price (24 karat)
    April 1 Rate Rs.5,076 per gram
    April 30 Rate Rs.5,148 per gram
    Highest Rate in April Rs.5,299 per gram on 18th April
    Lowest Rate in April Rs.5,043 per gram on 4 April
    Overall Performance Incline

    Trend of Gold Rate in Chennai for March 2022 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.5,027 per gram
    March 31 Rate Rs.5,033 per gram
    Highest Rate in March Rs.5,360 per gram on 9 March
    Lowest Rate in March Rs.5,027 per gram on 1 March
    Overall Performance Incline

    Trend of Gold Rate in Chennai for February 2022 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.4,742 per gram
    February 28 Rate Rs.5,054 per gram
    Highest Rate in February Rs.5,068 per gram on 24 February
    Lowest Rate in February Rs.4,740 per gram on 2 February
    Overall Performance Incline

    Trend of Gold Rate in Chennai for January 2022 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,787 per gram
    January 31 Rate Rs.4,753 per gram
    Highest Rate in January Rs.4,869 per gram on 26 January
    Lowest Rate in January Rs.4,696 per gram on 10 January
    Overall Performance Decline

    Government makes hallmarking of gold jewellery mandatory from today

    The Ministry of Consumer Affairs, Food and Public Distribution has made hallmarking of gold jewellery mandatory from today. Certain guidelines have been issued by the ministry in this regard after consultations with stakeholders. It has come into effect initially in 256 districts which have assaying marking centres.

    As per the new guidelines, jewellers with annual turnover up to Rs.40 lakh will be exempted from mandatory hallmarking. For export and re-import of jewellery as per the trade policy of the government, watches, fountain pens and special types of jewellery are also exempted from hallmarking. Gold of additional karats 20, 23, and 24 will also be allowed for hallmarking going forward. The ministry added that old jewellery can be hallmarked as it is by the jeweller if feasible or after melting and making new jewellery. It added that a committee constituting of representatives of all stakeholders, revenue officials, and legal experts will be formed to look into the issues that may emerge during the implementation of the scheme.

    The move to hallmark gold jewellery will enable consumers and jewellery buyers to make a right choice and save them from any unnecessary confusion while buying gold. It will also help develop the country as a leading global gold market centre.

    It needs to be mentioned here that in order to give adequate time to the manufacturers, wholesalers and retailers of gold jewellery, no penalties will be imposed till August end.

    Places to Buy Gold in Chennai

    There are various certified stores in Chennai from where gold can be purchased. However, some of the popular gold jewellers in Chennai are NAC Jewellers, Lalitha Jewellery, Bapalal & Co. Jewellery, Saravana Stores Thanga Nagai Maligai, Nathella Sampathu Chetty Jewellery, Prince Jewellery, G R Thanga Maligai, Mehta Jewellery, Vummidi Bangaru Srihari Sons, and so on.

    Gold as an investment in Chennai

    The following are the different types of investment options for gold:

    • Bullion: Buyers of bullions typically purchase them in the shape of bars. The amount of precious metals included in bullion, which is determined by its purity and mass, determines its market worth.
    • Jewellery: People choose to purchase gold jewellery since Chennai is known for its collections of bridal jewellery.
    • Coins: As part of their investment, investors purchase gold coins. In Chennai, gold coins come in a variety of weights, as well as karats.

    Also Check Gold Price in Metro Cities

    FAQs on Gold Price in Chennai

    1. Where to buy Gold in Chennai?

      In Chennai, gold can be bought from reputed jewellers like Tanishq, GRT, Kirtilal Kalidas, Damini, Prince Jewellery, Mehta Jewellery, Khazana Jewellery etc.

    2. How to Invest in Gold in Chennai?

      Gold investments in Chennai can be made in various ways such as jewellery, gold schemes, solid gold, gold ETFs (Exchange Traded Funds), gold FOFs (Funds of Funds), etc.

    3. What is the gold price trend in Chennai today?

      In Chennai, a steady trend is being observed for the gold rates from the beginning of 2022. The demand for this precious metal is increasing with most of the demand arising for gold jewellery.

    4. What are the Factors affecting Gold Prices in Chennai?

      In Chennai, gold prices are affected by various factors like inflation, demand and supply, interest rates, currency fluctuations, the Indian jewellery market, etc.

    5. What should be kept in mind while buying Gold in Chennai?

      When buying gold, you should check its purity, weight, certification, labour charges, cost per gram, etc.

    6. How are Chennai’s gold prices determined?

      The price of gold is determined based on various factors such as demand, supply, gold reserves, interest rates, inflation, and festive season.

    7. What is the future gold rate forecast in Chennai?

      The future gold rate in Chennai depends on factors like demand, supply, inflation, and others.

    8. What are the different karats of gold sold across Chennai?

      There are different karats of gold sold across Chennai which range from 24 karat, 22 karat, 18 karat, 14 karat, and 10 karat.

    Check Gold Price in NearBy Cities of Chennai

    News About Chennai Gold Rate

    • The price of gold futures dropped by 0.13% and is trading at Rs.53,825 for 10 grams on Multi Commodity Exchange (MCX). The stop gold price topped by Rs.53,000 amidst the decreasing trend of the US dollar index, increasing rate of crude oil prices, and fall in the US Treasury yield.

      6 December 2022

    • Precious yellow metal is purchased at Rs.52,980 per ten grams

      As of November 28, ten grams of gold costs Rs.52,980 in India. The cost of precious yellow gold per ten grams is Rs. 48,560 in Kolkata and Mumbai. However, the same item can be purchased in Chennai for Rs. 49,260. In New Delhi, ten grams of gold cost Rs. 48,710. Ten grams of 22-carat gold may be purchased for Rs.48,710 in Bellary and Rs.48,610 in Gurgaon. Retail prices for the same quantity of 24-karat purity are Rs.53,140 in Gurgaon and Rs.53,030 in Bellary.

      29 November 2022

    • Gold rates in Delhi, Mumbai, Chennai, and Kolkata

      Gold rates across major cities like Delhi, Mumbai, Chennai, and Kolkata witnessed a fall on Wednesday. The gold price in Mumbai and Kolkata is Rs.48,500 per 10 gram of 22 karat gold whereas 24 karat gold rate stands at Rs.52,920 per 10 gram. In Chennai, 10 gram of 22 karat gold costs Rs.49,050 and 10 gram of 24 karat gold costs Rs.53,560. In Delhi, 22 karat gold is priced at Rs.48,500 per 10 gram and 24 karat gold is sold at Rs.52,900 per 10 gram.

      24 November 2022

    • The Spot gold and US gold futures settled at a lower rate today on 17 November 2022

      In the international market, the price of spot gold slashed by 0.30%, and the US gold futures settled at a 0.10% lower rate. In the Indian market, the cost of 10 grams of 22-carat and 24-carat gold dropped by Rs.210 and Rs.200, respectively. In Delhi, Chennai, and Bengaluru, the price of 24-carat gold stands at Rs.52,510, Rs.54,210, and Rs.52,410, respectively. The cost of the same quantity of 24-carat gold stands at Rs.52,360 in Kolkata, Hyderabad, and Mumbai.

      18 November 2022

    • Gold rates remains stable today

      In Kolkata and Mumbai, the cost of 22-carat gold is Rs.47,360 per 10 grams. While in Delhi and Chennai, the price stands at Rs.47,460 and Rs.48,150, respectively, for the same quantity and variant of gold.

      12 November 2022

    • Gold futures went up by 0.11% on MCX

      Gold futures spiked up on the Multi Commodity Exchange by Rs.54, which is around 0.11%, and stands at Rs.50,920. The prices of the yellow metal jumped today, 7 November, after trading flat last week.

      08 November 2022

    • Price of gold remains unchanged

      India's gold market remained stable, with 10 grams of 24-karat gold being sold at Rs. 51,000 in Mumbai and Kolkata, Rs. 51,160 in New Delhi, and Rs. 51,330 in Chennai.

      01 November 2022

    • Gold rates jump marginally on 18 October 2022

      On 18 October 2022, 24-carat gold prices increased by Rs.10 and were trading at Rs.50,680 for 10 grams. 22-carat gold rates increased by Rs.10 as well and were trading at Rs.46,460 per 10 grams. Spot gold prices in the international markets remained steady and were trading at $1,651.75 for an ounce. Gold futures prices fell by 0.3% and were trading at Rs.1,658.30 for an ounce.

      19 September 2022

    • The gold rates dropped today on 11 October by 1.7% on MCX

      The gold rates went down today by Rs.950 and stand at Rs.51,037 per 10 grams. With the drop in gold prices in international markets, the rates dipped by 1.7% on MCX, marking the biggest single-day drop in the prices of yellow metal in the last three months.

      12 October 2022

    • Gold rates surged in major South Indian cities

      Gold rates today on 7 October, surged by Rs.110 for both variants of gold in some of the major South Indian cities. The price of precious metal opened at Rs.47,860 for 22 carats and Rs.52,210 for 24 carats, in Kerala, Bangalore, Visakhapatnam, and Hyderabad.

      8 October 2022

    • Gold rates go up

      The price of gold futures on MCX saw a rise as the dollar became weaker. The price of gold on MCX was up 0.17%.

      1 October 2022

    • Gold prices continue to remain steady on 26 September 2022

      In India, gold prices continue to remain steady on 26 September 2022. The price of 10 gram of 22 karat gold is Rs.46,000 and 24 karat gold costs Rs.50,200 per 10 gram in Kerala, Hyderabad, Visakhapatnam, and Bengaluru. In Delhi, 10 gram of 22 karat gold is priced at Rs.46,150 and 10 gram of 24 karat gold is traded at Rs.50,350. In Kolkata, 10 gram of 22 and 24 karat gold are priced at Rs.46,000 and Rs.50,200, respectively. Gold prices in Chennai are Rs.46,500 per 10 gram of 22 karat gold and Rs.50,730 per 10 gram of 24 karat gold.

      27 September 2022

    • Gold prices remain unchanged

      On Monday, gold prices continued to trade below Rs.50,000 per 10 gram. Gold October futures were being sold in red, down 0.27% at Rs.49,246 per 10 gram. The price of the precious metal stood at Rs.45,850 per 10 gram of 22 karat gold in Mumbai, Kolkata, Hyderabad, and Kerala. In Chennai, 22 karat gold is priced at Rs.46,320 per 10 gram. The price of 10 gram of 22 karat gold is Rs.46,000 in Delhi, Chandigarh, and Lucknow. In Bengaluru and Ahmedabad, 22 karat gold is priced at Rs.45,900 per 10 gram.

      20 September 2022

    • Gold prices decline on 14 September

      The price of 24 karat gold dropped on Wednesday and the precious metal is trading at Rs.50,620 per 10 gram. In Delhi, Kolkata, and Mumbai, 10 gram of 22 karat gold is priced at Rs.46,400. The price of 10 gram of 22 karat gold in Chennai and Jaipur are Rs.47,010 and Rs.46,550, respectively. Gold is trading at Rs.46,450 per 10 gram in Ahmedabad and Surat.

      15 September 2022

    • Price of yellow metal rose again today

      The cost of gold went up today and is standing at Rs.50,890 and Rs.46,500 for 24-carat and 22-carat per 10 grams, respectively. Mumbai and Kolkata are selling both varieties at the same price, which has gone up by Rs.270 and Rs.250, respectively. The nation’s capital, Delhi, is trading at Rs.51,040 and Rs.46,800 for 24-carat and 22-carat gold, respectively. Chennai is also experiencing a price hike in both 24-carat and 22-carat gold and is selling at Rs.51,000 and Rs.47,300, respectively.

      10 September 2022

    • Gold prices on 8 September

      Gold prices in Bengaluru are at Rs.46,400 per 10 gram of 22 karat gold and Rs.50,620 per 10 gram of 24 karat gold. The price of the precious yellow metal is Rs.46,400 per 10 gram of 22 karat gold and Rs.50,620 per 10 gram of 24 karat gold in Hyderabad and Kerala. In Visakhapatnam, 10 gram of 22 karat and 24 karat gold are priced at Rs.46,400 and Rs.50,620, respectively.

      9 September 2022

    • No surge in gold rates across five major cities

      The gold rates per 10 grams of 22-carat and 24-carat do not differ from the figures last reported on 4 September. The price of the yellow metal showed no spike in prices for Delhi, Chennai, Kolkata, Mumbai, and Bangalore. The 22-carat and 24-carat gold rates per 10 grams opened with Rs.46,800 and Rs.51,050, and Rs.47,220 and Rs.51,510 for Delhi and Chennai, respectively. Whereas in Kolkata, Mumbai, and Bangalore city the prices charged for 10 grams of 22-carat and 24-carat gold are Rs.46,650 and Rs.50,890.

      6 September 2022

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