Gold Rate in Chennai Today 23 October 2025 - 22K, 24K & 18K Gold Price Per Gram
Stay updated with the latest gold prices in Chennai for 22 carat, 24 carat, and 18 carat gold. Today's gold rates are sourced from reliable local jewellers across Chennai. Whether you're planning to buy gold jewellery or invest in gold, check the current gold prices per gram, 10 grams, and per kilogram.
Today 24 Carat Gold Rate Per Gram in Chennai (INR)
| Gold Purity | Per Gram (₹) | Per 10 Grams (₹) | Per 100 Grams (₹) | Per Kilogram (₹) |
|---|---|---|---|---|
| 24 Carat (24K) | ₹13,004 | ₹1,30,040 | ₹13,00,400 | ₹1,30,04,000 |
| 22 Carat (22K) | ₹11,920 | ₹1,19,200 | ₹11,92,000 | ₹1,19,20,000 |
| 18 Carat (18K) | ₹9,850 | ₹98,500 | ₹9,85,000 | ₹98,50,000 |
Silver Rate in Chennai Today
| Silver | Per Gram (₹) | Per 100 Grams (₹) | Per Kilogram (₹) |
|---|---|---|---|
| Silver (999) | ₹190 | ₹19,000 | ₹1,90,000 |
Last 10 Days Gold Rate in Chennai
| Date | 24K Gold (₹/10g) | 22K Gold (₹/10g) | 18K Gold (₹/10g) |
|---|---|---|---|
| 23-Oct-2025 | ₹1,30,040 | ₹1,19,200 | ₹98,500 |
| 22-Oct-2025 | ₹1,30,910 | ₹1,20,000 | ₹99,000 |
| 21-Oct-2025 | ₹1,27,640 | ₹1,17,000 | ₹98,000 |
| 20-Oct-2025 | ₹1,30,040 | ₹1,19,200 | ₹97,530 |
| 19-Oct-2025 | ₹1,29,800 | ₹1,18,980 | ₹97,350 |
| 18-Oct-2025 | ₹1,32,220 | ₹1,21,200 | ₹99,170 |
| 17-Oct-2025 | ₹1,33,770 | ₹1,22,620 | ₹1,00,330 |
| 16-Oct-2025 | ₹1,29,820 | ₹1,19,000 | ₹98,300 |
| 15-Oct-2025 | ₹1,29,380 | ₹1,18,600 | ₹98,000 |
| 14-Oct-2025 | ₹1,29,000 | ₹1,18,250 | ₹97,700 |
Today's Gold Price Change
24 Carat Gold: Decreased by ₹87 (from ₹1,30,910 to ₹1,30,040 per 10 grams)
22 Carat Gold: Decreased by ₹80 (from ₹1,20,000 to ₹1,19,200 per 10 grams)
18 Carat Gold: Decreased by ₹50 (from ₹99,000 to ₹98,500 per 10 grams)
Factors Affecting Gold Prices in Chennai
Gold prices in Chennai are influenced by several global and local factors:
- International Gold Prices: Global spot gold prices directly impact domestic rates in Indian cities including Chennai
- US Dollar Exchange Rate: A stronger dollar typically leads to lower gold prices in rupee terms
- Import Duty & GST: Government taxes and duties on gold imports affect final retail prices
- Festive Demand: During festivals like Akshaya Tritiya, Pongal, and Diwali, demand surges affecting prices
- Central Bank Policies: Interest rate decisions by Reserve Bank of India influence gold investment attractiveness
- Geopolitical Tensions: Global uncertainty and economic instability drive investors towards safe-haven assets like gold
- Inflation: Gold is considered a hedge against inflation, with prices rising during high inflation periods
- Local Demand: Chennai has historically high gold consumption, especially during wedding seasons
Understanding Gold Purity - 24K, 22K, and 18K
24 Carat Gold (24K)
24 carat gold is 99.9% pure gold with minimal impurities. It is the purest form of gold available but is relatively soft and less durable for everyday jewellery. It's ideal for investment purposes like gold coins and bars.
22 Carat Gold (22K)
22 carat gold contains 91.67% pure gold mixed with other metals like copper or silver for added strength. This is the most popular choice for jewellery in India as it offers a perfect balance between purity and durability.
18 Carat Gold (18K)
18 carat gold comprises 75% pure gold and 25% other metals. It's more durable and affordable than higher purity gold, making it suitable for intricate jewellery designs and daily wear ornaments.
Why Invest in Gold in Chennai?
Chennai has a rich tradition of gold consumption and is known as one of India's major gold markets. Here's why buying gold in Chennai is beneficial:
- Cultural Heritage: Gold holds deep cultural and religious importance in Tamil Nadu's communities
- Trusted Jewellers: Chennai houses numerous trusted jewellers with BIS hallmarked gold and traditional designs
- Competitive Pricing: Being a major gold hub, Chennai often offers competitive rates compared to other cities
- Temple Jewellery Capital: Chennai is renowned for authentic temple jewellery and traditional South Indian designs
- Investment Security: Gold provides portfolio diversification and acts as a hedge against economic volatility
- Liquidity: Gold can be easily sold or pledged for loans during financial emergencies
- Wealth Preservation: Gold maintains purchasing power over long periods, protecting against inflation
Tips for Buying Gold in Chennai
- Check BIS Hallmark: Always purchase BIS hallmarked gold to ensure purity and quality standards. Look for the 6-digit alphanumeric HUID (Hallmark Unique Identification)
- Get Proper Invoice: Obtain a detailed invoice mentioning weight, purity, making charges, GST, and complete breakup of charges
- Compare Making Charges: Making charges vary across jewellers in Chennai - compare rates before purchasing
- Monitor Gold Prices: Track daily gold rates to identify favorable buying opportunities during price dips
- Verify Purity: Ensure the gold purity matches what you're paying for (22K, 24K, or 18K) by checking hallmark
- Choose Reputed Jewellers: Buy from established jewellers in Chennai like T. Nagar shops with good reputation and certifications
- Understand GST: Currently, 3% GST is applicable on gold purchases and 5% on making charges - factor this in your budget
- Consider Making Charges: Making charges in Chennai range from 6% to 20% depending on design complexity and jeweller
- Ask About Buy-back Policy: Check the jeweller's gold buy-back or exchange policy for future transactions
- Wedding Season Planning: Plan purchases ahead of peak wedding season to avoid rush and potential price surges
Popular Gold Jewellers in Chennai
Chennai, particularly the T. Nagar area, is home to several renowned jewellery stores offering quality gold ornaments:
- GRT Jewellers
- Joyalukkas
- Kalyan Jewellers
- Malabar Gold & Diamonds
- Tanishq
- Bhima Jewellers
- Prince Jewellery
- NAC Jewellers
- Lalitha Jewellery
- VBJ Jewellers
- Saravana Stores (Gold Section)
- Chennai Jewellery
- Khazana Jewellery
- Shree Kumaran Thangamaligai
Gold Rate Conversion Guide for Chennai
| Weight | 24K Gold Price | 22K Gold Price | 18K Gold Price |
|---|---|---|---|
| 1 Gram | ₹13,004 | ₹11,920 | ₹9,850 |
| 8 Grams | ₹1,04,032 | ₹95,360 | ₹78,800 |
| 10 Grams | ₹1,30,040 | ₹1,19,200 | ₹98,500 |
| 100 Grams | ₹13,00,400 | ₹11,92,000 | ₹9,85,000 |
| 1 Sovereign (8g) | ₹1,04,032 | ₹95,360 | ₹78,800 |
| 1 Kilogram | ₹1,30,04,000 | ₹1,19,20,000 | ₹98,50,000 |
Gold Shopping in Chennai - T. Nagar & Beyond
Chennai's T. Nagar (Thyagaraya Nagar) is one of Asia's largest retail jewelry markets. The area around Ranganathan Street and Usman Road is famous for gold shopping with hundreds of jewelry shops offering competitive prices and variety.
Best Areas for Gold Shopping in Chennai:
- T. Nagar: The gold jewelry hub with maximum shops and best variety
- Sowcarpet: Traditional area known for wholesale gold merchants
- George Town: Historic area with established jewelers
- Mount Road: Premium jewelry showrooms and branded stores
- Mylapore: Traditional neighborhood with trusted local jewelers
Frequently Asked Questions (FAQs)
1. What is the gold rate in Chennai today?
Today's gold rate in Chennai is ₹1,30,040 per 10 grams for 24 carat gold, ₹1,19,200 per 10 grams for 22 carat gold, and ₹98,500 per 10 grams for 18 carat gold as of October 23, 2025.
2. Which gold purity is best for jewellery in Chennai?
22 carat gold is the most preferred purity for jewellery in Chennai and throughout Tamil Nadu as it offers optimal balance between purity (91.67% gold) and durability. It's harder than 24K gold making it suitable for daily wear ornaments and traditional temple jewellery.
3. Why do gold prices fluctuate daily in Chennai?
Gold prices change daily based on international spot prices, currency exchange rates, demand-supply dynamics, global economic conditions, and geopolitical factors affecting investor sentiment. Local demand during wedding seasons also impacts prices.
4. What is the difference between 22K and 24K gold?
24K gold is 99.9% pure but soft and less durable. 22K gold contains 91.67% gold mixed with other metals for added strength, making it ideal for jewellery while maintaining high purity. Most temple jewellery and traditional designs in Chennai use 22K gold.
5. Is GST applicable on gold purchases in Chennai?
Yes, 3% GST is applicable on gold purchases in Chennai. Additionally, making charges attract 5% GST. These are over and above the base gold price. For example, if you buy gold worth ₹1,00,000 with ₹10,000 making charges, you'll pay ₹3,000 + ₹500 as GST.
6. How to check if gold is genuine in Chennai jewellery shops?
Look for BIS hallmark on jewellery which certifies purity. The new hallmark includes a 6-digit alphanumeric HUID (Hallmark Unique Identification), BIS logo, purity grade (like 916 for 22K), and jeweller's identification mark. Always buy from BIS certified jewellers in Chennai.
7. What are typical making charges in Chennai jewellery shops?
Making charges in Chennai jewellery shops typically range from 6% to 20% of gold value depending on design intricacy. Simple designs may have lower charges around 6-8%, while intricate temple jewellery or antique designs can attract 15-20% making charges. Some shops also charge per gram (₹300-800 per gram).
8. When is the best time to buy gold in Chennai?
While gold is traditionally purchased during auspicious occasions like Akshaya Tritiya, Pongal, Tamil New Year (Puthandu), and Diwali, the best time financially is when prices dip. Monitor daily rates and buy during price corrections. Avoid peak wedding season (January-May and November-December) when prices may be elevated.
9. What is a sovereign in gold measurement?
A sovereign is a traditional unit of gold measurement commonly used in Tamil Nadu and Chennai. One sovereign equals 8 grams of gold. This measurement is widely used in Chennai's gold market, especially for temple jewellery and traditional ornaments.
10. Do gold prices vary between different shops in Chennai?
The base gold price remains similar across Chennai as it's based on international rates. However, making charges, wastage charges, and GST calculation methods may vary between jewellers. T. Nagar shops generally offer competitive rates due to high competition. Always compare total pricing including all charges before purchasing.
Disclaimer:
* The above gold rates are indicative and do not include GST, TCS and other levies. For exact rates contact your local jeweller.
The gold rates are sourced from local jewellers in Chennai. There may be variance in rates and prices across different jewellers, particularly in areas like T. Nagar, Sowcarpet, and George Town. GoodReturns.in has made every effort to ensure accuracy of information provided; however, we do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy or sell precious gold. We do not accept culpability for losses and/or damages arising based on gold information provided.
Gold prices mentioned are subject to change without prior notice. Please verify current rates with jewellers before making any purchase decision. Making charges, wastage, and other fees vary by jeweller and design.
About Gold as an Investment in Chennai
Gold has historically served as a reliable investment option and wealth preservation tool. In Chennai, gold holds significant cultural value while also being a preferred investment avenue. The city's deep-rooted tradition of gold consumption, especially during weddings and festivals, makes it one of India's largest gold markets.
Chennai's preference for temple jewellery and traditional South Indian designs has made it a hub for artisan jewelers. Whether purchasing gold jewellery, coins, or bars, investors benefit from gold's inherent value stability, liquidity, and ability to hedge against inflation and currency fluctuations.
Gold investments can be made through physical gold (jewellery, coins, bars), Gold ETFs (Exchange Traded Funds), Sovereign Gold Bonds issued by RBI, or Digital Gold platforms. Each option has distinct advantages regarding storage, liquidity, and returns.
Traditional Gold in Tamil Culture
Gold holds a special place in Tamil culture and Chennai's heritage. Temple jewellery, characterized by intricate designs featuring deities, peacocks, and traditional motifs, is highly sought after. Key occasions for gold purchases in Chennai include:
- Akshaya Tritiya: Considered the most auspicious day for gold purchase
- Pongal: Tamil harvest festival when families invest in gold
- Tamil New Year (Puthandu): April 14th, auspicious for new beginnings
- Wedding Season: Bride's family purchases substantial gold ornaments
- Diwali: Festival of lights celebrated with gold purchases
- Dhanteras: Considered auspicious for buying precious metals
Stay Updated with Daily Gold Rates in Chennai
Keep track of daily gold price fluctuations in Chennai to make informed purchasing and investment decisions. Whether you're planning to buy gold for personal use, gifting, weddings, or investment purposes, knowing the current market rates helps you get the best value for your money.
Remember that along with the base gold price, you need to factor in making charges (6-20%), GST (3% on gold, 5% on making charges), and any other applicable charges when calculating the final cost of gold jewellery in Chennai. T. Nagar offers some of the most competitive pricing due to intense competition among jewelers.
For the best deals, visit multiple jewelers in T. Nagar, compare prices, check hallmarking, and negotiate making charges. Chennai's gold market is known for transparency and quality, making it an ideal place for gold purchases.
