Gold is very popular in India, especially among women. The price of gold in Chennai changes every day. This is because of global trends and things like demand and inflation.
Gold is seen as lucky in Indian homes. It also helps grow money in investments. Before buying gold, it’s smart to know the current prices in Chennai.
Key Takeaways
- Gold is a highly valued asset in India, especially among women.
- The price of gold in Chennai fluctuates daily due to global trends and factors like demand, supply, inflation, and rupee-dollar valuation.
- Gold is considered auspicious in Indian households and contributes to investment portfolios.
- Investors trade in gold as a commodity and gold-based derivatives through exchanges.
- It’s important to check the latest gold rates in Chennai before making any investments in jewelry, coins, or bars.
Current Gold Rates in Chennai: Today’s Market Update
The gold market in Chennai is always changing. Prices go up and down for many reasons. As of December 4, 2024, 22 karat gold costs ₹6,991 per gram. 24 karat gold is priced at ₹7,583 per gram.
These prices show the latest trends. They help gold shops in Chennai and those looking at today’s gold prices.
22 Karat Gold Prices
For 22 karat gold, prices in Chennai are ₹69,913 for 10 grams. And ₹83,896 for 12 grams. Prices can change a bit due to demand, supply, and market conditions.
24 Karat Gold Prices
Price Variations by Weight
The gold market in Chennai offers different weights. Prices change with the weight. You can choose from 1 gram, 8 grams, 10 grams, or 100 grams.
downs. From September to November 2024, 24 karat gold prices were between ₹80,240 and ₹80,560 per 10 grams. In October 2024, prices went from ₹79,470 to ₹81,330, showing big changes in one month.The lowest price in 2024 was ₹62,990 in February. The highest was ₹81,330 in October.Market Performance IndicatorsThe arget=”_blank” rel=”noopener”>gold rates in Chennai have been affected by many things. These include how much gold is available, what the banks do, inflation, and world tensions. The COVID-19 pandemic, the Russia-Ukraine conflict, and high inflation have all played a role.<h3>Seasonal Price VariationsGold prices in Chennai often follow a pattern. Prices usually go up in the last months of the year. This is because of the festive season and more people wanting gold jewelry and investments.This pattern is seen in the data, with prices going up in the last quarter of 2024.
h3>Where can I find gold available in Chennai today?
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In Chennai, you can find gold at many stores. These include NAC Jewellers and Lalitha Jewellery. You can also check out Bapalal & Co. Jewellery and Nathella Sampathu Chetty Jewellery.
Other places are Prince Jewellery, G R Thanga Maligai, and Mehta Jewellery. Vummidi Bangaru Srihari Sons is also a great place to look.
What are the current gold rates in Chennai?</h3>
/div> <p>div> <p>As of December 4, 2024, 22 karat gold costs ₹7,130 per gram. 24 karat gold is ₹7,487 per gram. For 10 grams, 22 karat gold is ₹71,300.</p>
24 karat gold for 10 grams is ₹74,870. These prices don’t include GST, TCS, or other fees. You can buy gold in different weights, like 8 grams or 100 grams.
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What are the top gold jewelry districts and markets in Chennai?
Chennai is famous for its bridal jewelry. It has many certified stores and premium gold merchants. The city’s gold bazaar and jewelry districts are great for gold lovers and investors.
How have gold prices in Chennai fluctuated over the past two years?
have changed a lot from 2023 to 2024. In November 2024, 24 karat gold was between ₹80,240 and ₹80,560 per 10 grams. October 2024 saw prices from ₹79,470 to ₹81,330.
The lowest price in 2024 was in February at ₹62,990. The highest was in October at ₹81,330. Prices have gone up and down, with big changes in September and October 2024. Prices are usually higher in the later months of the year.
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Where can I find premium gold merchants and certified dealers in Chennai?
div>C</
p> hennai has many premium gold merchants and certified dealers. The government has made hallmarking of gold jewelry mandatory. This is in 256 districts with assaying marking centers.Loo
k for hallmarked jewelry, certified by the Bureau of Indian Standards (BIS). This ensures the gold’s purity when buying in Chennai.
964<td>Malabar Gold and Diamonds
| Gold Purity | 1 gram | 8 grams | 10 grams | 100 grams |
|---|---|---|---|---|
| 22 Karat | ₹7,110 | ₹56,880 | ₹71,100 | ₹7,11,000 |
| 24 Karat | ₹7,583 | ₹60,664 | ₹75,830 | ₹7,58,300 |
| Jewelry Store | Establishment Year | Locations</th> | ||
| GRT Jewellers</td> | 1 | Tamil Nadu, Andhra Pradesh</td> | ||
| 1993 | 10 countries, over 260 locations | |||
| Joyalukkas Jewellery | 1987 | First jewellery shop to collect numerous honors and accolades | ||
| Jeyachandran Gold House | 2001 | Chennai | ||
| NAC Jewellers | 1973 | Expanded into a three-story facility in Chennai | ||
| Lalitha Jewellery | 1985 | Successful through word of mouth and advertising | ||
| Saravana Stores Gold Palace | 2015 | Chennai | ||
| Tanishq | N/A | Unique collections that meet the needs of different regions in India | ||
| Year | 24 Karat Gold Price (₹ per 10 grams) | |||
| 2024 (October 21) | ₹80,330.00 | |||
| 2023 | ₹63,203 | |||
| 2022 | ₹55,017 | |||
| 2021 | ₹48,099 | |||
| 2020 | ₹50,151 |