Todays Gold Rate in Chennai 18, 22 & 24 Karat Gold Price on November 7, 2025
As of Friday, November 7, 2025, gold rates in Chennai stand at ₹9,400 per gram (18K), ₹11,270 per gram (22K), and ₹12,295 per gram (24K). Per sovereign (8 grams): 22K ₹90,160, 24K ₹98,360. A slight uptick of ₹20/gram following movement in the MCX. These rates are indicative, so it's always good to confirm with local jewelers before making any purchase.
Gold Rates Today in Chennai
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24K Gold (99.9% pure): ₹12,295 per gram | ₹98,360 per sovereign (8g)
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22K Gold (91.6% pure): ₹11,270 per gram | ₹90,160 per sovereign (8g)
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18K Gold (75% pure): ₹9,400 per gram | ₹75,200 per sovereign (8g)
Updated: November 7, 2025, 9:00 AM | Up ₹160 per sovereign from yesterday.
Price Breakdown by Common Weights
1 gram:
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22K = ₹11,270 | 24K = ₹12,295
1 sovereign (8 grams):
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22K = ₹90,160 | 24K = ₹98,360
10 grams:
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22K = ₹1,12,700 | 24K = ₹1,22,950
Note: 1 sovereign = 8 grams, which is a popular weight for jewelry purchases in Tamil Nadu.
Why Gold Prices Changed Today
Prices slightly edged higher as MCX gold futures rose by 0.2%, trading near ₹76,500 per 10 grams. Global bullion stabilized around $4,100/oz, and the rupee continued to hold steady near ₹83.50/$, which helped support domestic gold prices in India. Chennai’s rates reflect the national trend as per GoodReturns and MCX data.
Gold Buying Tips for Chennai Shoppers
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T. Nagar's North Usman Road: Making charges for 22K ornaments range from ₹450 to ₹700/gram.
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Sowcarpet and George Town: Average making charges range between ₹350–₹500 for lightweight bangles, while temple-style pieces at Mylapore can go up to ₹800/gram due to their intricate designs.
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To save on price, compare gold prices in Ranganathan Street and mall chains, where you may find rates ₹50–₹80/gram lower, saving you ₹400–₹600 per sovereign.
Market Insight & Local Observation
Chennai's 22K gold rate has been hovering between ₹11,250–₹11,300 since the last week of October, showing a steady trend as we approach the wedding season. Compared to the last Deepavali (₹10,980/gram for 22K), prices have increased by about 2.7%. During a recent check at T. Nagar, there was a minimal difference of ₹20-₹30 between three stores, reflecting consistency across the market.
Today’s Key Chennai Rates : 22K: ₹11,270/gram (₹90,160/sovereign), 24K: ₹12,295/gram (₹98,360/sovereign)
Rates are updated daily at 9:00 AM IST. Make sure to exclude making charges (₹400–₹800/gram) and 3% GST when calculating the final cost. Always verify shop charges before buying.
Making Charges & GST in Chennai
The rates mentioned above do not include:
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Making charges: ₹400-₹800/gram, depending on the design (simple chains vs. temple jewelry)
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GST: 3% on the gold price + 5% on making charges
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Example Calculation:
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For 10g of 22K at ₹11,270/gram = ₹1,12,700 base + ₹6,000 making charges (₹600/gram) + ₹3,381 GST (3%) + ₹300 (5% on making charges) = ₹1,22,381 total.
Chennai Market Areas for Gold Shopping
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T. Nagar: North Usman Road, Ranganathan Street — Over 100 shops within a 1 km radius, allowing for easy price comparison.
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Sowcarpet: Known for traditional jewelers offering authentic temple jewelry, but making charges tend to be higher.
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George Town: Wholesale-oriented market, offering bulk purchase discounts.
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Mylapore & Triplicane: Popular neighborhood jewelers with a loyal customer base and moderate pricing.
Disclaimer:
The gold prices mentioned above are indicative and based on market trends as of November 7, 2025. Rates can vary depending on location, dealer, and additional charges like making fees and GST. Always verify current prices with local jewelers before making any purchase decisions.
