Gold Price Trend In Chennai

Credit Score Credit Score
Parameters Gold price (24karat)
June 1 Rate Rs.2,977 per gram
June 30 Rate Rs.2,962 per gram
Highest Rate in June Rs.3,030 per gram on 7 June
Lowest Rate in June Rs.2,942 per gram on 20 June
Overall Performance Decline
Percentage Change -0.50%
Comparison for 24 K Gold Rates for Chennai May'17

June 2017 - Week 1 (1st-4th):

  • In Chennai, gold rates followed a similar pattern to that of the Indian mainland.
  • The 1st of June saw gold trading at Rs.2,977 per gram which then went down to Rs.2,965 per gram due to an unusually buoyant dollar and low demand.
  • However, prices went up to Rs.2,998 per gram on 3rd due to misgivings in the US political scene.
  • Add to that, the US-EU axis was also strained which led to gold prices maintaining the price of Rs.2,998 per gram when the week came to an end.

June 2017 - Week 2 (5th - 11th)

  • In Chennai, gold rates seemed to increase and fall over the initial and the ending days of the week.
  • On the 5th, gold was priced at Rs.3,025 per gram and then went up to Rs.3,030 per gram on the 6th as US Labour Department’s Employment Report created quite a stir.
  • The 7th was carried by the momentum from the 6th as prices went up by Rs.5 to reach Rs.3,030 per gram.
  • It was consolidation time when the 8th began, and gold prices went down by Rs.18 to Rs.3,012 per gram.
  • Prices went down on the 9th as well to Rs.2,987 per gram as demand kept tumbling.
  • After some corrections, gold prices went down to Rs.2,981 per gram on the 10th and remained the same at the end of the week.

June 2017 - Week 3 (12th-18th)

  • There were a number of variations noted in the rate of gold during the third week of June in Chennai as a result of fluctuations in the demand for this metal.
  • Gold traded at Rs.2,983 per gram on the first day of the third week in Chennai. This was relatively lower than the rates noted in other cities.
  • Due to a fall in the demand for this metal, gold rate in Chennai reduced to trade at Rs.2,967 per gram but recovered slightly the next day to be priced at Rs.2,973 per kg.
  • The gold price in chennai fell again to trade at Rs.2,963 on the 15th of June due to a fall in the demand for this metal.
  • On the last day of the week, this yellow metal was priced at Rs.2,955 per gram due to a steep incline in the demand for this metal.

June 2017 - Week 4 (19 to 25)

  • Gold prices in Chennai fluctuated significantly during the course of the fourth week, as prices bore the brunt of demand surges.
  • Gold was priced at Rs.2,949 per gram on 19 June, with the dipping to Rs.2,942 per gram on 20 June as demand for the precious metal fell as investors pulled out of the safe-haven.
  • Prices bounced back the following day, trading at Rs.2,949 per gram on 21 June before rising sharply to Rs.2,958 per gram on 22 June as markets took a sudden plunge, spiking demand for bullion.
  • The price continued to rise as the week progressed, with gold trading at Rs.2,965 per gram on 23 June.
  • The price dipped marginally as the week drew to a close as markets began to stabilise and the U.S. Dollar recovered in value, with gold trading at Rs.3,964 per gram on 25 June.

June ‘17 - Week 5 (26 to 30)

  • The price of gold in the city of Chennai reflected the general trend seen across other Indian cities, where the gold price declined.
  • Gold was priced at Rs.2,977 per gram on 26 June as markets fell due to speculation over the impact of GST. Overseas markets were also lower than expected, which led to an increase in demand for the yellow metal.
  • Prices dropped sharply the following day as gold’s initial gains were negated due to reduced demand.
  • Gold traded at Rs.2,957 per gram on 27 June before rising again as local demand spiked due to panic buying before GST.
  • As the month ended, gold prices stabilised, trading at Rs.2,962 per gram on 30 June.
May 1st Rate Rs.2,984 per gram
May 31st Rate Rs.2,968 per gram
Highest Rate in May Rs.2,984 per gram on 1st May
Lowest Rate in May Rs.2,889 per gram on 11th May
Overall Performance Decline
Percentage Change -0.53%
Comparison for 24 K Gold Rates for Chennai April'17

May 2017 - Week 1 (1st-7th)

  • During the first week of May, a number of variations were noted in the price of gold due to fluctuating demands.
  • Gold was priced at Rs.2,984 per gram on the 1st of May and decreased marginally the next day to trade at Rs.2,952 per gram.
  • Due to a fall in demand in international markets as well as a rise in the value of the U.S.Dollar, the rate of gold declined further as the week progressed.
  • Gold was priced at Rs.2,947 per gram on the 3rd of May and decreased even further to trade at Rs.2,922 per gram on the 4th of May.
  • As the demand for this metal plunged even further, gold closed at Rs.2,899 per gram on the 7th of May.

May 2017 – Week 2 (8th -14th)

  • Gold prices in Chennai fluctuated slightly as the week began due to market uncertainty, though prices stabilised during the week.
  • Gold traded at Rs.2,896 per gram on 8th May, with the price rising to Rs.2,904 per gram on 9th May, contrary to prevailing trends.
  • Gold rate in Chennai fell to Rs.2,897 per gram on 10th May as demand for the metal began to drop due to strong markets.
  • A decline in industrial demand also led to prices falling, as gold dropped to Rs.2,891 per gram on 14th May, registering a drop of Rs.5 per gram during the week.

May 2017 - Week 3 (15th - 21st)

  • The capital city of Chennai saw a similar gold trading pattern as that of mainland India during the third week of May.
  • When trading started for the week of 15th, gold was priced at Rs.2,888 per gram, which rose over the next few days due to Brexit concerns.
  • On 16th, gold rates increased to Rs.2,894 per gram before going up again to Rs.2,910 per gram.
  • The 18th saw one of the biggest increase in gold rates as they reached Rs.2,958 per gram amidst news of Donald Trump’s interference in a federal investigation.
  • However, after the brexit woes were dealt with, gold rates seemed to consolidate as they went to Rs.2,954 per gram on the 19th.
  • For the next days, i.e., the 20th and the 21st, gold rates remained unchanged at Rs.2,954 per gram.

May 2017 - Week 4 (22nd - 28th)

  • Gold traded at Rs.2,956 per gram on the 22nd of May in Chennai due to sustained demand for this precious metal from jewellers.
  • The gold rate in Chennai increased marginally on the 23rd to Rs.2,971 per gram. However, it could be noted that despite the Manchester blasts, the rate of gold was not affected very strongly as investors stayed in the sidelines, more or less.
  • The rate of gold fell again to trade at Rs.2,956 per gram on the 24th of the month due to reduced demand for this metal. This price was noted on the 25th of May as well.
  • On the 26th of May, gold was priced at Rs.2,969 per gram which was a marginal increase in the rate before further rising to trade at Rs.2,979 per gram on the last two days of the fourth week of May.

May ‘17 - Week 5 (29th to 31st)

  • Gold prices in Chennai in the last week of May fluctuated due to demand vagaries, though prices declined overall.
  • The yellow metal was priced at Rs.2,977 per gram on 29th May, a slight decrease from the previous week due to a continued dip in demand as jewellers reduced demand.
  • Stable markets also led to a reduction in demand from investors, which led to gold trading at Rs.2,968 per gram as the month ended on 31st May, with gold falling by 0.53% over the course of the month.
April 1st Rate Rs.2,956 per gram
April 30th Rate Rs.2,984 per gram
Highest Rate in April Rs.3,035 per gram on the 22nd and 23rd of April
Lowest Rate in April Rs.2,954 per gram from the 8th and 9th of April
Overall Performance Increase
Percentage Change 0.94%
Comparison for 24 K Gold Rates for Chennai March'17

April 2017 - Week 1 (1st-9th)

  • Gold price in Chennai started on a relatively high note and continued to increase as the week progressed.
  • Gold was priced at Rs.2,956 per gram on the 1st of the month and stayed steady at this rate until the 3rd of April due to steady demand from domestic jewellers.
  • Due to positive market cues, the rate of gold increased to Rs.2,987 per gram before falling the next day to trade at Rs.2,974 per gram.
  • The gold rate in Chennai continued to decline over the next few days due to decreased offtake of this metal. Gold traded at Rs.2,970 per gram on the 7th of April.
  • Prices declined again to trade at Rs.2,954 per gram on the 8th of April and stayed steady at this rate until the end of the first week of April.

April 2017 - Week 2 (10th-16th)

  • Performance of gold rate in Chennai was the same as it was in the Indian mainland.
  • On 10th, gold was trading at Rs.2,956 per gram which then went up to Rs.3,001 within a two-day span.
  • When trading began on 13th, prices seemed to go up again as domestic and international demand rallied to bring prices up to Rs.3,018 per gram.
  • Gold rate in Chennai went up the 14th as well as the metal was seen trading at Rs.3,028 per gram.
  • When the week came to an end, gold trading prices were holding at Rs.3,040 per gram.

April 2017 - Week 3 (17th-23rd)

  • As the third week of April progressed in Chennai, a number of variations were noted in the rate of gold due to varying demand for this metal.
  • Gold traded at Rs.3,033 per gram on the 17th of April due to relatively low demand for this metal. However, on the 18th the price of gold fell further due to a fall in the demand to trade at Rs.3,026 per gram.
  • On the 19th of April, the value of the U.S.Dollar increased marginally resulting in a fall in the price of the metal. Gold traded at Rs.3,022 per gram and plunged even further the next day to trade at a weekly low amount of Rs.3,018 per gram.
  • As the week progressed, the rate of gold started to slowly recover trading at Rs.3,022 per gram on the 21st of April.
  • On the last two days of the week, gold traded at Rs.3,035 per gram due to increased and steady demand for this metal.

April 2017 - Week 4 (24th-30th)

  • As the fourth week of April progressed in Chennai, a number of variations were noted in the rate of gold due to varying demand for this metal.
  • Gold traded at Rs.2,998 per gram on the 24th of April due to reduced demand for this precious metal from domestic markets. This rate was also seen the next day.
  • As the value of the dollar went up, the price of gold fell as well to trade at Rs.2,973 per gram on the 26th of April and reduced even further the next day to trade at Rs.2,962 per gram.
  • A marginal recovery was noted in the price of gold thereafter.
  • On the last day of the month, gold traded at Rs.2,984 per gram due to a fall in the demand for this metal.
March 1st Rate Rs.2,994 per gram
March 31st Rate Rs.2,942 per gram
Highest Rate in March Rs.2,994 per gram on 1st March
Lowest Rate in March Rs.2,906 per gram on 15th March
Overall Performance Decline
Percentage Change -1.73%
Comparison for 24 K Gold Rates for Chennai February '17

March 2017 - Week 1 (1st - 4th):

  • In Chennai, there was a similar pattern with regards to gold rates.
  • The 1st saw gold trading at Rs.2,994 per gram which then decreased to Rs.2,992 per gram.
  • On 3rd, gold prices saw quite a significant drop to reach Rs.2,961 per gram - a decrease of Rs.33 per gram.
  • The week ended with the yellow metal trading at Rs.2,972 per gram, thanks to an increase in demand.

March 2017 - Week 2 (5th - 11th):

  • Chennai saw a gold rate trend that was similar to the usual rate in India.
  • The week began on 5th with gold priced at Rs.2,972 per gram which went down to Rs.2,971 per gram.
  • On 7th, gold rates slipped up by Rs.27 to reach Rs.2944 per gram and went down again to Rs.2,931 per gram on 9th.
  • Rates seemed to pick up on 10th to hit Rs.2,951 per gram but went down during the next day to trade at Rs.2,931 per gram.
  • Gold prices in Chennai picked up on the last day of the week for the metal to trade at Rs.2,945 per gram.

March 2017 - Week 3 (12th-18th):

  • Gold prices in Chennai started on a relatively high note but reduced as the week progressed.
  • Gold was priced at Rs.2,947 per gram on 13th March and fell to Rs.2,929 per gram on 14th March owing to a fall in the demand for this precious metal.
  • Prices continued to fall, as gold traded at Rs.2,906 per gram on 15th March in spite of global prices rising due to higher demand.
  • The rate of gold recovered marginally to trade at Rs.2,931 per gram on 16th March as domestic demand recovered. A drop in the U.S. Dollar led to demand rising as gold traded at Rs.2,935 per gram on 17th March.
  • Prices rose for the rest of the week, trading at Rs.2,940 per gram on 18th March.

March 2017 - Week 4 (19th-25th):

  • In Chennai, gold rate trends remained more or less the same as it was in the Indian mainland.
  • On 20th, gold was priced at Rs.2,941 per gram but went down due to a slight lack of demand on 21st to Rs.2,933 per gram.
  • Rates increased significantly by Rs.44 per gram on 22nd as gold prices rallied after a short decline from the previous day.
  • When business began on 23rd, gold prices went down slightly to trade at Rs.2,973 per gram and went down again on 24th to Rs.2,965 per gram as the US dollar strengthened.
  • Rates remained the same over the last two days of week 4 at Rs.2,964 and continued at the same rate when the week ended.

March 2017- Week 5 (26th-31st):

  • In the capital city of Tamil Nadu, Chennai, gold rate seemed to decrease as local demand didn’t keep up.
  • Gold was trading at Rs.2,979 per gram on 27th before going down to Rs.2,974 per gram on 28th.
  • On 29th, gold rate in Chennai went down again to Rs.2,962 per gram as local demand didn’t pick up despite a growing trend in the international market.
  • When business day ended on 30th, gold prices had gone down to Rs.2,960 per gram as demand failed to pick up.
  • When the last week of March came to an end, gold was trading at Rs.2,942 per gram.
February 1st Rate Rs.2,957 per gram
February 28th Rate Rs.3,003 per gram
Highest Rate in February Rs.3,014 per gram on 25th & 26th February
Lowest Rate in February Rs.2,940 per gram on 3rd February
Overall Performance Incline
Percentage Change +1.55%
Comparison for 24 K Gold Rates for Chennai January '17

February 2017 - Week 1 (1st-4th):

  • Compared to the closing rate on January 31st, gold prices increased quite a bit as global news suggested that the yellow metal was performing well for more than a year.
  • The week began with gold trading at Rs.2,957 per gram and remained the same during the 2nd as well.
  • Prices, however, fell by Rs.17 per gram on 3rd for gold to trade at Rs.2,940 per gram.
  • The last day of February week 1 ended with gold trading at Rs.2,944 per gram.

February 2017 - Week 2 (5th-11th)

  • The price of gold fluctuated during the week due to market instability and overseas trends.
  • Gold traded at Rs.2,944 per gram on 5th February as demand was stable due to strong demand from the industrial sector.
  • Gold rose to Rs.2,954 per gram on 6th February as international markets were uncertain following conflicting cues from U.S. markets.
  • Prices reached a high of Rs.2,989 per gram on 8th February before falling to Rs.2,946 per gram on 10th February due to wildly fluctuating markets dictating demand.
  • Gold traded at Rs.2,964 per gram on 11th February, recording a weekly increase in price of Rs.20 per gram.

February 2017 - Week 3 (12th-18th)

  • Gold prices in Chennai dipped as the week began due to decreasing demand but rose as the week ended.
  • Gold was priced at Rs.2,964 per gram on 12th February and fell to Rs.2,959 per gram on 13th February due to a slight dip in demand.
  • Prices continued to fall, as gold traded at Rs.2,953 per gram on 14th February in spite of global prices rising due to higher demand.
  • Gold fell to Rs.2,947 per gram on 15th February as domestic demand was poor, but a drop in the U.S. Dollar led to demand rising as gold traded at Rs.2,980 per gram on 16th February.
  • Prices rose for the rest of the week, trading at Rs.2,990 per gram on 18th February, a weekly increase of Rs.26 per gram.

February 2017 - Weeks 4 & 5 (19th-28th)

  • The price of gold in Chennai fluctuated in the last two weeks of February due to market conditions.
  • Gold traded at Rs.2,980 per gram on 19th February, falling to Rs.2,967 per gram on 21st February due to a fall in domestic demand.
  • Prices rose to Rs.2,977 per gram on 22nd February as U.S. markets were bearish over monetary policy under the current administration.
  • Prices rose to Rs.3,000 per gram on 24th February, rising to a monthly high of Rs.3,014 per gram on 25th February.
  • Prices dipped as the week ended, with gold trading at Rs.3,003 per gram on 28th February.
January 1st Rate Rs.2,821 per gram
January 31st Rate Rs.2,942 per gram
Highest Rate in January Rs.2,974 per gram on 24th January
Lowest Rate in January Rs.2,821 per gram on 1st & 2nd January
Overall Performance Incline
Percentage Change +4.28%
Comparison for 24 K Gold Rates for Chennai December '16

January 2017 - Week 1 (1st to 7th)

  • Chennai didn’t witness any fluctuations for the week when compared to the trend in most parts of the country.
  • As said earlier, new year couldn’t come at a better time for gold prices as they began to soar, albeit at a miniscule level.
  • On the first day of the week and year, gold traded at Rs.2,821 per gram.
  • Over the 2nd and 3rd, gold prices remained the same, which increased by Rs.7 to trade at Rs.2,828 per gram.
  • When the business day began on the 4th, gold prices had increased considerably by Rs.29 to trade at Rs.2,857 per gram.
  • The next day on the 5th saw prices again increase to trade at Rs.2,869 per gram.
  • At the end of the week on the 7th, gold rates increased further more to trade at Rs.2,872 per gram.

January 2017 - Week 2 (8th to 15th)

  • Gold prices in Chennai were unchanged from the previous week, trading at Rs.2,872 per gram on 8th January as demand was stagnant.
  • Prices began to rise during the week as domestic demand picked up due to the festive season.
  • Gold traded at Rs.2,878 per gram on 9th January as international demand also rose due to market instability.
  • The easing of the currency shortage led to greater demand for bullion across industrial and retail sectors, resulting in the gold price rising to Rs.2,914 per gram on 11th January.
  • Prices continued to rise during the rest of the week, with gold trading at Rs.2,935 per gram on 12th January before the price dropped to Rs.2,926 per gram on 13th January.
  • An increase in demand led to gold prices rising marginally, ending the week at Rs.2,941 per gram on 15th January to record an increase of Rs.45 per gram for the week.

January 2017 - Week 3 (15th to 21st):

  • Chennai witnessed a few fluctuations during the third week of January.
  • On 15th, at the beginning of the week, gold was seen trading at Rs.2,941 per gram, which later increased to Rs.2,955 per gram on the 16th.
  • The 17th saw prices spike up yet again to end the business day at Rs.2,971 per gram.
  • Business seemed to slow down on the 18th as prices increased by just Rs.2 to hit Rs.2,971 per gram.
  • On 19th, prices fell significantly by Rs.20 which led to gold trading at Rs.2,951 per gram before continuing at the same rate on the 20th.
  • The last day of the week saw gold prices get back up slightly for the metal to trade at Rs.2,962 per gram.

January 2017- Weeks 4 & 5 (22nd to 31st)

  • The price of gold in Chennai was Rs.2,962 per gram on 22nd January as demand increased due to buying before the Lunar New Year.
  • International markets were stable, though the U.S. Dollar fluctuated, which led to an increase in demand for gold, with prices rising to Rs.2,974 per gram on 24th January.
  • Prices fell as demand dropped due to reduced demand from Asia, resulting in gold trading at Rs.2,951 per gram on 25th January.
  • Prices continued to fall as the week ended, trading at Rs.2,942 per gram on 31st January.
December 1st Rate Rs.2,890 per gram
December 31st Rate Rs.2,821 per gram
Highest Rate in December Rs.2,892 per gram on 2nd December
Lowest Rate in December Rs.2,870 per gram on 20th December
Overall Performance Decline
Percentage Change -2.38%
Comparison for 24 K Gold Rates for Chennai Novemeber '16

December 2016 - Week 1 (1st to 4th)

  • Gold traded at Rs.2,890 per gram on the 1st of December.
  • Thanks to the wedding and christmas season, the prices have held steady, without which the rates would have fallen further.
  • Prime Minister Narendra Modi’s decision to ban Rs.500 and Rs.1,000 notes still seemed to have an effect on gold sales.
  • Gold saw a small fluctuation as it sold for Rs.2892 on the 2nd of December.
  • At the end of the week though, gold only traded at Rs.2890, same as it was at the beginning of the week.

December 2016 - Week 2 (5th-11th)

  • At the beginning of the week on December 5th, gold trading prices took a massive hit of Rs.21 as the yellow metal was being traded at Rs.2,869 as opposed to Rs.2,890 per gram at the time of closing on December 4th.
  • The rest of the week was also subject to much fluctuation as purchases were massively affected due to demonetization.
  • Although, trading prices remained at Rs.2,869 per gram on December 6th, it marginally increased to Rs.2,972 on December 7th and decreased considerably to Rs.2,963 per gram on December 8th.
  • Gold prices went down again on December 9th to Rs.2,951 per gram, a decrease of Rs.12 from the previous day.
  • December 10th and 11th, though, saw the most noticeable slip in prices as they hit a week-low Rs.2,936 per gram.

December 2016 - Week 3 (12th to 18th)

  • Chennai, like the rest of India, saw some fluctuations in terms of gold pricing.
  • The week began on 12th as gold traded at Rs.2,836 per gram, which held on till the 14th of the month.
  • At the start of the 15th, gold prices decreased considerably as it hit Rs.2,800 per gram.
  • The 16th saw prices crash further as gold prices hit Rs.2,785 per gram.
  • 17th and 18th of the month saw prices increase slightly to Rs.2,791 per gram and remained so till the end of the week.

December 2016 - Week 4 (19th to 25th)

  • Much like in the rest of the country, gold prices didn’t witness any major changes in Chennai too.
  • The week began with gold trading at Rs.2,790 per gram and slid down by R.2,780 per gram the next day.
  • On the 21st, prices increased slightly as the metal traded at Ts.2,782 per gram.
  • The 22nd however, saw prices decrease by over Rs.15 as it sold at Rs.2,767 per gram.
  • The fourth week of December ended with gold trading at Rs.2,773 per gram.

December 2016 - Week 5 (26th to 31st)

  • Gold prices in Chennai reflected nationwide trends, with demand for gold rising.
  • Gold was priced at Rs.2,771 per gram in 26th December as investors put their money in the safe haven asset.
  • Prices rose to Rs.2,804 per gram on 27th December as demand was on the upswing.
  • The rise in price continued as the deadline for deposits of old currency drew near, with gold reaching Rs,2,830 per gram.
  • The price fell on the last day of the year as gold traded at Rs.2,821 per gram.
1st November rate Rs.3,075 per gram
30th November rate Rs.2,942 per gram
Highest rate in November Rs.3,166 per gram on 9th November
Lowest rate in November Rs.2,932 per gram on 25th November
Overall performance Decline
% Change -4.33%
Comparison for 24 K Gold Rates for Chennai October '16

November '16 - Week 1 (1st to 6th)

  • At the start of the week, gold traded at Rs.3,075 per gram.
  • Festive demand coupled with the wedding season led to high demand in the domestic market.
  • Gold prices touched Rs.3,119 per gram on 5th and 6th November, the highest for the week.
  • With uncertainty looming over the U.S. presidential elections, the dollar lowered.
  • The Fed rate hike is possible in December as the U.S. economy gains strengthens up and inflations picks up.
  • Towards the end of the week, gold prices slipped to Rs.3,083 per gram.

November '16 - Week 2 (7th to 13th)

  • Gold traded at Rs.3,083 per gram on 7th November.
  • Wedding season demand gave gold prices support to climb up.
  • The U.S. elections took its toll on the market as Donald Trump won the election.
  • In the domestic market, PM Modi’s announcement of the ban on Rs.500 and Rs.1,000 notes led to a sudden spike in demand for gold on 8th and 9th November.
  • The price of gold dropped drastically as gold purchases with cash required PAN card details.
  • Gold traded at Rs.3,059 per gram at the end of the week indicating a declining trend this week.

November '16 - Week 3 (14th to 20th)

  • Gold traded at Rs.3,054 per gram on 14th November.
  • Prices fell this week as demand was muted in the domestic market after the strike on black money rendered Rs.500 and Rs.1,000 notes unusable.
  • On account of shortage of cash, PAN card requirements, and fear of scrutiny by the IT department, jewellers and retailers saw empty stores this week.
  • Gold prices dropped to Rs.2,976 per gram on 18th November, the lowest for this week.
  • In the global market, gold prices edged higher over the uncertainty of economic policies under Donald Trump’s regime.
  • The dollar retreated from its 14-year high which also led to a rise in prices.
  • Gold traded at Rs.2,986 per gram at the end of the week as the market stabilised.

November '16 - Week 4 and 5 (21st to 30th)

  • Gold traded at Rs.2,984 per gram on 21st November.
  • Prices dropped this week on account of the cash crunch the Indian economy is facing.
  • Gold business has been brought down by 75% since the demonetisation move.
  • With fear of taxes and penalties, customers have retreated amid a gloomy domestic market.
  • Gold traded at Rs.2,942 per gram on 30th November.
  • The wedding season demand has taken a serious hit as people have put off their weddings or downsized due to the shortage of cash and withdrawal limits imposed.
  • In global market, the dollar grew strong putting pressure on gold.
1st October rate Rs.3,152 per gram
31st October rate Rs.3,065 per gram
Highest rate in October Rs.3,152 per gram on 1st and 2nd October
Lowest rate in October Rs.3,018 per gram on 17th October
Overall performance Decline
% Change -2.76%
Comparison for 24 K Gold Rates for Chennai September'16

October '16 - Week 1 (1st to 7th)

  • Gold traded at Rs.3,152 per gram on 1st October.
  • Prices fell this week as an improving U.S. economy gave the dollar support.
  • The U.S. Federal Reserve was advised to hike the interest rate to avoid inflation and a bigger increase in the future.
  • Demand in the domestic market has been dampened by stricter tax laws requiring everyone to provide PAN details while purchasing gold in cash.
  • Gold prices tumbled to Rs.3,027 per gram on 7th October.

October '16 - Week 2 (8th to 14th)

  • Gold showed positive trends before dropping at the end of the week.
  • Gold traded at Rs.3,026 per gram at the beginning of the week.
  • Global demand rose as the interest rate hike from the U.S. Federal Reserve seemed distant.
  • Demand in the domestic market also increased on account of jewellers preparing for the festive season.
  • Prices climbed to Rs.3,040 per gram on 13th October, the highest for this week.
  • On 14th October, weak global trends and reduced offtake by jewellers brought gold prices down to Rs.3,027 per gram.

October '16 - Week 3 (15th to 21st)

  • Gold traded at Rs.3,021 per gram at the start of the week.
  • Prices climbed on account of firm overseas trends.
  • The wedding season also triggered demand in the domestic spot market.
  • Gold traded at Rs.3,049 per gram on 20th October which was the highest for this week.
  • On 21st, gold rates had fallen to Rs.3,041 per gram.

October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

  • Gold traded at Rs.3,046 per gram at the start of the week.
  • Gold prices fluctuated but overall there was an increase in the fourth week.
  • With jewellers increasing their intake to prepare for the wedding season, prices of gold climbed even further.
  • A weakening dollar gave demand for gold a boost in the global market.
  • Investors believe the Fed rate hike will take place gradually owing to speculations in the overseas market.
  • The highest price of gold was Rs.3,067 per gram on 29th and 30th October.
  • The week closed with gold trading at Rs.3,065 per gram on 31st October.
1st September rate Rs.3,120 per gram
30th September rate Rs.3,176 per gram
Highest rate in September Rs.3,197 per gram on 8th September
Lowest rate in September Rs.3,120 per gram on 1st September
Overall performance Increase
% Change 1.79%
Comparison for 24 K Gold Rates for Chennai August'16

September '16 - Week 1 and 2 (1st to 10th)

  • Gold gained this week playing off global cues that favored the metal.
  • Gold traded at Rs.3,210 per gram on 1st September.
  • Rates continued to climb till 8th September when gold touched Rs.3,197 per gram.
  • Gold gained at the beginning of the week as slow economic data dampened prospects of a Fed rate hike this month. But as the expectations of the hike coming soon heighten again, gold slipped by 9th September.

September '16 - Week 3 (11th to 17th)

  • Gold rates dropped this week as the global market played off the hawkish comments from the U.S. Federal Reserve officials that an interest rate hike in September is highly possible.
  • Gold traded at Rs.3,181 per gram on 11th and shed Rs.35 by the end of the week.
  • Domestic demand was subdued as the gold lost its appeal.
  • Gold was at a low price of Rs.3,146 per gram on 17th September.

September '16 - Week 4 (18th to 24th)

  • Gold rates climbed this week based on bullish trends in the global markets.
  • Gold traded at Rs.3,146 per gram on 18th September.
  • Prices climbed gradually as domestic demand was firm in light of global trends and the festive season.
  • On 24th September, gold prices touched Rs.3,193 per gram.
  • Pressure of a Fed rate hike has been eased as the U.S. Federal Reserve has put the hike on hold.

September '16 - Week 5 (25th to 30th)

  • Gold prices tumbled this week in view of the dollar gaining strength.
  • With the U.S. presidential elections in full swing, the Fed rate hike has been put on the back burner.
  • Gold traded at Rs.3,193 per gram on 25th September, and reached its lowest for the week on 28th September, trading at Rs.3,155 per gram.
  • Domestic demand from jewellers and stockists was reduced.
1st July rate Rs.3,201 per gram
31st July rate Rs.3,142 per gram
Highest rate in July Rs.3,229 per gram on 3rd August
Lowest rate in July Rs.3,148 per gram on 8th August
Overall performance Decline
% Change -1.84%
Comparison for 24 K Gold Rates for Chennai July'16

August '16 - Week 1 (1st to 7th)

  • Gold rates rose as the week began, bolstered by growing demand and a weak Dollar.
  • Gold traded at Rs.3,210 per gram on the 1st and at Rs.3,171 per gram on the 7th of August.
  • Prices fell as equities and the Dollar rose towards the end of the week on strong NFP data.

August '16 - Week 2 (8th-14th)

  • The second week of August was shinier for the yellow metal.
  • Gold traded at Rs.3,148 on 8th August and climbed to Rs.3,181 by the end of the week.
  • Owing to the dollar slipping, gold rates rose. Coupled with sluggish U.S. retail data, a Fed rate hike doesn’t seem likely.
  • Prices soared to Rs.3,198 per gram on 10th August, the highest for the week, owing to an increase in domestic retail demand, and despite weakening trends in the overseas market.

August '16 - Week 3 (15th-21st)

  • Gold traded quite steadily through the third week of August.
  • The gold rate was Rs.3,181 per gram on 15th August.
  • Gold prices were on the rise owing to sustained demand from the domestic jewellers owing to the upcoming festive season.
  • The price of gold stood at Rs.3,200 per gram at the end of the week, indicating a slight increase.

August '16 - Week 4 (22nd-28th)

  • Gold prices dropped through the week owing to a stronger dollar.
  • Steady demand in the domestic market as the festive season approaches helped gold maintain its rates.
  • Gold traded at Rs.3,184 per gram on 22nd August and fell to Rs.3,164 per gram by the end of the week.

August '16 - Week 5 (29th-31st)

  • Gold dropped this week as the dollar gained strength.
  • Gold traded at Rs.3,156 per gram on 29th and 30th of August.
  • As the U.S. released fresh upbeat payroll data, the U.S. Federal Reserve is more confident of a rate hike this year.
  • Gold dropped to a two-month low as the demand in the domestic market was sluggish as well.
1st July rate Rs. 3,069 per gram
31st July rate Rs. 3,214 per gram
Highest rate in July Rs. 3,214 per gram on July 30 and 31
Lowest rate in July Rs. 3,075 per gram on July 3
Overall performance Rising
% Change +4.52%
Comparison for 24 K Gold Rates for Chennai Jun'16

July'16 - Week 1 and 2 (1st to 10th)

  • Owing to global cues, gold prices stayed relatively steady with a slightly inclining trend going into the month of July.
  • The month opened at Rs.3,129.50 on 1st July and traded at Rs.3,162.50 on 11th July.
  • The incline can be attributed to the Brexit vote and growing expectations of the central banks providing further monetary stimulus to the market.
  • Positive U.S. job data supported the dollar sending gold prices down on July 8th.

July'16 - Week 3 (11th to 17th)

  • Gold prices fell slightly during this period, dipping from the previous week as demand dropped marginally.
  • Prices were recorded at Rs.3,155 per gram on the first day of the week and Rs.3,146 per gram on the last day of the week.
  • Prices fell towards the middle of the week, however the difference in prices between the first and last days of the week was Rs.9 only.

July '16 - Week 4 (18th to 24th)

  • Gold rates have been on a steady decline since the release of surprisingly strong U.S. economic data.
  • Gold traded at Rs.3,140 on 18th July and jumped up to Rs.3,148.50 on 19th, the highest for the week.
  • Gold rates then fell, reaching its lowest on 21st July at Rs.3,123.50.
  • Gold seemed to pick up by the end of the week but overall, weak trends in the global market coupled with muted demand in the domestic market have kept gold prices low.

July‘16 - Week 5 (25th to 31st)

  • Gold rates were recorded at Rs.3,118.50 on the 25th of July, and prices fluctuated until the 29th as marginal gains were written off by subsequent losses.
  • On the 30th of July, prices rose to Rs.3,214 and remained unchanged for another day, thus closing the month at that figure per gram.
1st June rate Rs.2,934
30th June rate Rs.3,105
Highest rate in June Rs.3,180 on 27th of June
Lowest rate in June Rs.2,916 on 3rd of June
Overall performance Rise
% Change +9.05
Comparison for 24 K Gold Rates for Chennai May'16

Jun'16 - Week 1 (1st to 5th)

  • In Chennai, gold rates seemed to fall at the beginning of the month but suddenly increased quite significantly.
  • Owing to the global trends and the speculations of a rate hike from the U.S. Federal Reserve dying out, the demand for gold has increased, thus allowing prices to increase.
  • Gold traded at Rs. 2,934 on 1st June and closed at 2,974 on 5th June.
  • The jump in prices is predicted to continue on the back of surprisingly weak data on U.S. jobs.

Jun'16 - Week 2 (6th to 12th)

  • 1st day of the second week of June.
  • There was no change in the price of gold on the 7th of June as gold traded at Rs. 2,968 per gram.
  • Gold price shot up to Rs. 3,039 on the last two days of the second week, 11th and 12th of June.

Jun'16 - Week 3 (13th to 19th)

  • Gold opened the week at Rs. 3,064 per gram on the 13th of June.
  • The prices rose further as the week progressed as gold hit its highest for the month on the 16th of June at Rs. 3,122 per gram.
  • Gold ended the week at Rs. 3,087 per gram on the 19th of June.

Jun'16 - Week 4 (20th to 26th)

  • Due to a steady demand for this precious metal, as the month came neared the end, there was an increased noticed in the price of gold.
  • Gold opened at Rs. 3,076 per gram at the beginning of the week.
  • Due to decreased expectations of interest rate hike by the U.S. Federal Reserve, the price of gold continued to increase steadily despite a few minor fluctuations here and there.
  • The lowest price of gold during the entire week was seen on the 23rd of June at Rs. 3,023 per gram.
  • This increase in prices is predicted to continue due to surprisingly weak data on U.S. jobs.

Jun'16 - Week 5 (27th to 30th)

  • Gold rates were somewhat constant during the week, with minimal changes recorded in trading.
  • Prices were recorded at Rs.3,180 on the 27th of June and Rs.3,105 on the 30th of June.
  • The overall decline in prices between the first and last day of the last week of June was Rs.75.
1st May rate Rs. 3,069 per gram
31st May rate Rs. 2,914 per gram
Highest rate in May Rs. 3,075 per gram on May 3
Lowest rate in May Rs. 2,899 per gram on May 30
Overall performance Decline
% Change -5.05%
Graph for Gold Rate in Chennai for April 2016

May'16 - Week 1 (1st to 7th)

  • Gold rates were somewhat constant during the week, with minimal changes recorded in trading.
  • Prices were recorded at Rs.3,069 on the 1st of May and Rs.3,050 on the 7th of May.
  • Prices did not vary by much during the week as global and domestic cues ensured that prices remained stable.

May ‘16 - Week 2 (8th to 14th)

  • Gold rates were somewhat constant during the week, with minimal changes recorded in trading.
  • Prices were recorded at Rs.3,073 on the 8th of May and Rs.3,051 on the 14th of May.
  • Prices did fluctuate, but not by much during the week as global and domestic cues ensured that prices remained somewhat stable.

May ‘16 - Week 3 (15th to 21st)

  • Gold rates varied during the third week of May, but losses were recorded on most day of this seven-day period.
  • Prices were recorded at Rs.3,051 on the first day of the week and Rs.3,015 on the last.
  • Despite marginal losses on the third, fifth and last day of trading, the difference between prices on the first and last day of the week was only Rs.36.

May ‘16 - Week 4 (22nd to 28th)

  • Gold rates declined at a steady pace through the last week of May.
  • Gold prices were recorded at Rs. 3,015 on the 22nd of May and Rs. 2,916 on the 28th of May.
  • With the growing expectations of a hike in gold rates, the prices have been steadily declining. There is also a decrease in demand from the gold coin makers and industrialists.

May ‘16 - Week 5 (29th to 31st)

  • Gold rates were constant during the week, with few changes witnessed in trading.
  • Prices declined as the month progressed, closing at Rs. 2,914 per gram on the last day of the month.
  • Fluctuation in prices were not very significant due to domestic and global cues ensuring the stability of gold rates.
1st April rate Rs 2,870
30th April rate Rs 3,069
Highest rate in April Rs 3,069 on 30th
Lowest rate in April Rs 2,869 on 4th
Overall performance Gain/Positive
% Change + 6.93%
Comparison for 24 K Gold Rates for Chennai,March'16

Apr'16 - Weeks 1 & 2 (1st to 10th)

  • Gold prices appreciated over the first ten days of the month as global cues predominantly affected domestic rates.
  • Prices were Rs.2,877 on 1st and Rs.2,944 on 10th.
  • Prices were volatile all through the weeks, with prices rising and falling on alternative days, ultimately ending Rs.67 higher till 10th.

Apr ‘16 - Week 3 (11th to 17th)

  • Gold rates were in a stable range in third week’s trading.
  • Prices were Rs.2,950 on 11th and Rs.2,957 on 17th.
  • Prices didn’t vary by much as stable global and domestic cues kept rates in a constant range.

Apr ‘16 - Week 4 (18th to 24th)

  • Gold was marginally lower in the fourth week.
  • Prices were Rs.2,960 on 18th and Rs.2,958 on 24th.
  • Gold rose to Rs.2,998 by 21st before losing out the gains and settling Rs.2 lower for the week.

Apr ‘16 - Week 5 (25th to 30th)

  • Gold rates in Chennai picked up marginally from the previous week, with gold trading at Rs 2,962 on 25th.
  • An overall increase in rates was witnessed over the week.
  • Gold rates crossed the Rs 3,000 mark on 29th, closing the week at Rs 3,069.

1st March rate

Rs 2,976

31st March rate

Rs 2,891

Highest rate in March

Rs 2,991 on 8th, 9th and 10th

Lowest rate in March

Rs 2,699 on 2nd and 11th

Overall performance

Loss/Negative

% Change

-2.86%

Comparison for 24 K Gold Rates for Chennai Feb'16

Mar'16 - Week 1 (1st to 6th)

  • Gold trading was off in Chennai in the 1st week of March as jewellers and bullion traders in the state capital went on an indefinite strike against the proposed measure from the government that 1% excise duty will be levied on jewellery.
  • Prices were Rs.2,976 on 1st and Rs.2,976 on 6th.

Mar'16 - Week 2 (7th to 13th)

  • There was intermittent trading of gold as jewellers continued their strike against proposed measures of levying 1% excise duty on non-silver jewellery sales and PAN details for transactions above Rs.2 lakhs.
  • Prices were Rs.2,970 on 7th and Rs.2,989 on 13th, with most of the trading spots and jewellers opting to keep their shutters closed over the week.

Mar ‘16 - Week 3 (14th to 20th)

  • Gold markets remained closed in the city for the most part as protests entered the 3rd week.
  • Prices were Rs.2,937 on 7th and Rs.2,940 on 13th.

Mar ‘16 - Week 4 (21st to 27th)

  • Gold traders were still protesting in the fourth week while jewellers were open for business for the most part.
  • Prices were Rs.2,914 on 21st and Rs.2,896 on 27th.
  • Prices rose to Rs.2,943 on 22nd before falling to Rs.2,896 by 25th.
  • Prices were constant at Rs.2,896 for the rest of the week.

Mar ‘16 - Week 5 (28th to 31st)

  • The protest by jewellers impacted gold rates, with markets witnessing changes on a daily basis.
  • Gold rates ranged between Rs 2,874 on 28th and Rs 2891 on 31st, with a high of Rs 2,910 reached on 30th.

1st February rate

Rs.2,720

29th February rate

Rs.2,984

Highest rate in February

Rs.2,984 on 25th and 29th

Lowest rate in February

Rs.2,720 on 1st

Overall performance

Gain/Positive

% Change

+9.71%

Comparison for Gold Rate 24 K for Chennai

Feb'16 - Week 1 (1st to 7th)

  • Gold continued with its positive run from January to post profits in the 1st week of trading in February.
  • Prices were Rs.2,720 on 1st and Rs.2,813 on 7th.
  • Gold breached the 2,800-mark for the first time this year and touched a 9-month high, rising on the back of strong wedding seasonal demand.
  • Gold prices appreciated on all days of the week, gaining Rs.93 in the process and settling at Rs.2,813 to end the week on a high.

Feb '16 - Week 2 (8th to 14th)

  • Gold surged in the second week also, rising on the back of domestic demand for the ongoing wedding season, a firming global trend as well as a weaker rupee which made imports costlier.
  • Prices were Rs.2,814 on 8th and Rs.2,936 on 14th.
  • Gold breached the 2,900-mark and surged to a 19-month high figure of Rs.2,960.50 on 12th February, with 11 straight winning sessions being the longest period of rising this year so far.
  • Prices closed at a slightly lower Rs.2,936 on 13th and 14th to end the week on a high note.

Feb '16 - Week 3 (15th to 21st)

  • Gold prices continued the positive streak coming into the 3rd week of February.
  • Prices were Rs.2,888.50 on 15th and Rs.2,973 on 21st.
  • Gold prices appreciated for the most part of the week except for a slight dip on 17th when prices fell to Rs.2,885 from Rs.2,896.50.
  • Gold breached the 2,900-mark on 18th by trading at Rs.2,918 and gained another Rs.55 over the rest of the week to settle at Rs.2,973.

Feb '16 - Week 4 (22nd to 29th)

  • Gold prices appreciated towards the end of February in Chennai.
  • Rates were Rs.2,928 on 22nd and Rs.2,984 on 29th.
  • Gold rose at the start of the week, reaching 4-year high figures in terms of net monthly gain in price of gold.
  • Gold rose on the back of firm global cues and scattered domestic buying before dipping a little towards the end of the week as domestic demand weakened.
  • Gold had consecutive positive sessions till 25th to touch Rs.2,984 before dropping to Rs.2,960 by 28th.
  • Prices rose by Rs.24 on 29th to end the month on a high of Rs.2,984.
4th January rate Rs.2,569
31st January rate Rs.2,710
Highest rate in January Rs.2,719 on 28th
Lowest rate in January Rs.2,569 on 4th
Overall performance Gain/Positive
% Change +5.49%

Jan'16 - Week 1 (4th to 10th)

  • Gold prices appreciated in the first week of trading in 2016.
  • Rates were Rs.2,569 on 4th and Rs.2,635 on 10th.
  • Gold rates appreciated consistently from 4th to 7th by an overall margin of Rs.60 on the back of global cues and jewellers demand to take prices up to Rs.2,629.
  • Prices fell marginally to Rs.2,626 on 8th before appreciating to Rs.2,635 on 9th where it stayed for 10th also.

Jan '16 - Week 2 (11th to 17th)

  • Gold prices were up again in the 2nd week on the back of increased demand from jewellers stocking up for the wedding season sales.
  • Rates were Rs.2,632 on 11th and Rs.2,654 on 17th.
  • Gold lost value on 12th and 13th by an overall margin of Rs.39 to drop to Rs.2,593 on 13th.
  • Gold prices recovered over the next two days to touch Rs.2,630 by 15th.
  • There was a gain of Rs.24 on 16th which allowed gold to breach Rs.2,650 mark for the first time this year.
  • Gold closed the week at Rs.2,654 by 17th.

Jan '16 - Week 3 (18th to 24th)

  • Gold rates appreciated in the 3rd week on the back of firm overseas trends and increased buying from domestic jewellers to meet wedding season demand.
  • Rates were Rs.2,642 on 18th and Rs.2,660 on 24th.
  • Gold prices appreciated steadily on 19th, 20th and 21st to touch Rs.2,676 on 21st.
  • Prices declined by Rs.18 on 22nd to Rs.2,658 before stabilizing at Rs.2,660 for the rest of the week.

Jan '16 - Week 4 (24th to 31st)

  • Gold gained value in the last week of the month.
  • Rates were Rs.2,678 on 25th and Rs.2,710 on 31st.
  • Gold prices rose all through the week as the dollar weakened on speculation about unchanged rates from the Federal Reserve.
  • Gold rose by Rs.30 on 26th before rallying some more to Rs.2,719 by 28th.
  • Prices dropped to Rs.2,706 on 29th and rose marginally to Rs.2,710 to end the week and month at 2,700+ figures.

1st December rate

Rs.2,565

31st December rate

Rs.2,534

Highest rate in December

Rs.2,598 on 5th and 6th

Lowest rate in December

Rs.2,521 on 3rd

Overall performance

Loss/Negative

% Change

-1.21%

Dec'15 - Week 1 (1st to 7th)

  • Gold rates appreciated in the 1st week of December.
  • Prices were Rs.2,565 on 1st and Rs.2,593 on 7th.
  • Gold fell by Rs.44 over the first 3 days to settle at Rs.2,521 on 3rd.
  • Rates rallied over the next two days, with appreciations of Rs.24 and Rs.53 on 4th and 5th respectively to rest at Rs.2,598 by 5th evening.
  • Prices stabilized in the remaining part of the week and closed at Rs.2593 on 7th.

Dec'15 - Week 2 (8th to 14th)

  • Gold rates were stable overall in the 2nd week of the month.
  • Prices were Rs.2,572 on 8th and Rs.2,570 on 14th.
  • Gold rose to Rs.2,581 on 9th before losing the gains over the next two days to end lower at Rs.2,562 on 11th.
  • Prices appreciated by Rs.21 on 12th to Rs.2,593 where it stayed on 13th also, before losing Rs.23 on 14th to end at Rs.2,570.

Dec'15 - Week 3 (15th to 21st)

  • Gold rates were stable again in the 3rd week.
  • Prices were Rs.2,559 on 15th and Rs.2,559 again on 21th.
  • Prices declined marginally for the first 3 days consecutively to fall to Rs.2,555 by 17th.
  • Gold dropped by Rs.29 on 18th to rest at Rs.2,526 before rallying on the next day to touch Rs.2,548 on 19th.
  • Gold picked slightly by Rs.11 to touch Rs.2,559 on 21st.

Dec'15 - Week 4 (22nd to 28th)

  • Gold rates dropped by Rs.14 overall in the 4th week.
  • Prices were Rs.2,573 on 15th and Rs.2,556 on 21th.
  • Gold prices declined by Rs.20 on 23rd to drop to Rs.2,553 where it stayed for 24th also.
  • Gold appreciated to Rs.2,565 on 25th and remained stable there till 27th.
  • Gold declined marginally on the last day of the week to drop to Rs.2,556.

Dec'15 - Week 5 (29th to 31st)

  • Gold prices dropped in the 5th week.
  • Rates were Rs.2,560 on 29th and Rs.2,534 on 31st.
  • Prices fell by Rs.6 on 30th and Rs.20 on 31st to end at Rs.2,534.

1st November rate

Rs.2,676

30th November rate

Rs.2,544

Highest rate in November

Rs.2,682 on 2nd

Lowest rate in November

Rs.2,544 on 30th

Overall performance

Loss/Negative

% Change

-4.93%

Nov '15 - Week 1 (1st to 7th)
  • Gold rates fell substantially in the first week of November.
  • Gold was priced at Rs.2,676 on 1st and Rs.2,608 on 7th.
  • Gold rates appreciated marginally on 2nd to touch Rs.2,682.
  • Rates went on a downward spree from 3rd to 7th except for 6th when gold gained Rs.2.
  • The biggest drop in the week was by Rs.25 on 4th when price fell to Rs.2,636 from the previous day’s figure of Rs.2,661.

Nov '15 - Week 2 (8th to 14th)

  • Gold rates dropped in the 2nd week of November.
  • Gold was priced at Rs.2,608 on 8th and Rs.2,582 on 14th.
  • There was an appreciation of Rs.16 on 15th when prices touched Rs.2,624.
  • Prices declined steadily for all days remaining in the week.

Nov '15 - Week 3 (15th to 21st)

  • Gold rates dropped marginally through the 3rd week.
  • Prices were Rs.2,582 on 15th and Rs.2,570 on 21st.
  • Gold appreciated to Rs.2,593 on 16th before falling over the next two days by Rs.45 to rest at Rs.2,548 on 18th.
  • Rates went on to appreciate over 19th and 20th by Rs.33 to touch Rs.2,581 on 20th.
  • Prices declined by Rs.11 on 21st to end the week at Rs.2,570.

Nov '15 - Week 4 and 5 (22nd to 30th)

  • Gold rates declined in the final days of November.
  • Gold was priced at Rs.2,571 on 22nd and Rs.2,544 on 30th.
  • Rates hovered around Rs.2,570 for the most of the 4th week with marginal deviations.
  • Gold declined on 28th by Rs.15 to touch Rs.2,554 from Rs.2,569 on 27th.
  • There was another fall in rates on 30th when prices dropped to Rs.2,544 from Rs.2,554.

1st October rate

Rs.2,622

31st October rate

Rs.2,676

Highest rate in October

Rs.2,734 on 15th

Overall performance

Gain/Positive

% Change

+2.06%

Oct '15 - Week 1 (1st to 7th)

  • Gold gained value in the first week of October.
  • It was priced at Rs.2,622 on 1st and Rs.2,676 on 7th.
  • There was a significant rise in rates on 3rd by a margin of Rs.42 to settle at Rs.2,666.
  • Prices stabilized around the 2,650 mark over the next few days before breaching the 2,670 mark on 7th.

Oct '15 - Week 2 (8th to 14th)

  • Gold rate appreciated again in the second week of October.
  • Rates were Rs.2,663 on 8th and Rs.2,725 on 14th.
  • Gold prices rose sharply in the next few days to breach the 2,700 level on 12th when prices hit Rs.2,702.
  • Gold rate dropped to Rs.2,686 on 13th before increasing to Rs.2,725 on 14th.

Oct '15 - Week 3 (15th to 21st)

  • Gold rates were stable on the whole in the third week of the month.
  • Rates were Rs.2,734 on 15th and Rs.2,732 on 21st.
  • Gold rate on 15th at Rs.2,734 was the highest gold rate in Chennai for October.
  • Prices lost some value in the first 4 days and recovered in the next two days to breach the 2,730 mark once more.

Oct '15 - Week 4 (22nd to 28th)

  • Gold rates gained value in the fourth week.
  • Prices were Rs.2,711 on 22nd and Rs.2,724 on 28th.
  • Prices appreciated to Rs.2,721 on 23rd before losing value on 24th to rest at Rs.2,702.
  • Rates were stable for the remaining part of the week, with a steep gain on the last day.

Oct '15 - Week 5 (29th to 31st)

  • Gold rate declined considerably in the last 3 days of the month.
  • Prices were Rs.2,708 on 29th, which declined to Rs.2,685 on 30th and further declined to Rs.2,676 on 31st.

Gold price in Chennai at the start of the month was Rs.2,702. Rates declined somewhat over the next few days but stayed above the Rs.2,670 mark by the end of the first week of September 2015. By 10th of the month prices had declined to Rs.2,639 and stayed between Rs.2,630 to Rs.2,640 for the remaining part of the week ending on 14th September.

Prices started appreciating by the middle of the 3rd week and reached Rs.2,673 by 21st of the month. Prices went through a volatile period over the next few days. Gold rate dropped to Rs.2,653 on 23rd before managing two days of appreciation to reach Rs.2,708 on 25th September.

Prices remained stable for the next three days to come to Rs.2,688 on 28th and fell to Rs.2,658 by 29th of the month. Gold rates in Chennai saw a period of volatility in the month of September, however the month beginning and end rates were at the same level. Gold rates are likely to remain volatile over the next few days. The upcoming festival season is expected to propel gold rates so if you’re planning to buy gold in the next few days, now may be a good time.

Also check Today's Gold Rate in the most popular Indian cities

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