Todays Gold Rate in Chennai 18, 22 & 24 Karat Gold Price on 24 October 2025
As of Friday, 24 October 2025, gold rates in Chennai stand at ₹9,600 per gram (18K), ₹11,540 per gram (22K), and ₹12,589 per gram (24K). Per sovereign (8 grams): 22K ₹92,320, 24K ₹1,00,712. Slight uptick about ₹40/gram tracking MCX movement this morning. Indicative rates; confirm with local jewelers before buying.
Gold Rates Today in Chennai
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24K Gold (99.9% pure): ₹12,589 per gram | ₹1,00,712 per sovereign (8g)
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22K Gold (91.6% pure): ₹11,540 per gram | ₹92,320 per sovereign (8g)
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18K Gold (75% pure): ₹9,600 per gram | ₹76,800 per sovereign (8g)
Updated: 24 Oct 2025, 11:15 AM | Up ₹320 per sovereign from yesterday.
Price Breakdown by Common Weights
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1 gram: 22K = ₹11,540 | 24K = ₹12,589
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1 sovereign (8 grams): 22K = ₹92,320 | 24K = ₹1,00,712
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10 grams: 22K = ₹1,15,400 | 24K = ₹1,25,890
Note: 1 sovereign = 8 grams. Popular in Tamil Nadu jewelry purchases.
Why Gold Prices Changed Today
Prices edged higher as MCX gold futures rose 0.4%, trading near ₹76,890 per 10 grams, following global bullion stabilizing around $4,112/oz. The rupee held steady near ₹83.22/$, supporting India’s domestic gold prices. Chennai’s rates mirrored national averages as per GoodReturns and MCX data.
Gold Buying Tips for Chennai Shoppers
In T. Nagar’s North Usman Road, making charges average ₹450–₹700/gram for 22K ornaments, while Sowcarpet and George Town shops quote ₹350–₹500 for lightweight bangles. Temple-style pieces at Mylapore often touch ₹800/gram due to intricate work. Comparing Ranganathan Street and mall chains can save ₹50–₹80/gram, easily ₹400–₹600 per sovereign.
Market Insight & Local Observation
Chennai’s 22K rate has hovered between ₹11,480–₹11,560 since October 12, showing consistent support before wedding season orders start mid-November. Compared with the last Deepavali (₹10,980/gram 22K), prices are up about 5.1%. Checked three T. Nagar stores yesterday—differences within ₹30.
Today’s key Chennai rates: 22K ₹11,540/gram (₹92,320/sovereign), 24K ₹12,589/gram (₹1,00,712/sovereign). Rates updated daily at 9 AM IST. Exclude making charges (₹400–800/gram) and 3% GST. Verify shop charges before purchase.
Making Charges & GST in Chennai
Rates above exclude:
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Making charges: ₹400-800/gram depending on design (simple chains vs temple jewelry)
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GST: 3% on gold price + 5% on making charges
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Example: 10g of 22K at ₹11,500/gram = ₹1,15,000 base + ₹6,000 making charges (₹600/gram) + ₹3,450 GST (3%) + ₹300 (5% on making) = ₹1,24,750 total
Chennai Market Areas for Gold Shopping
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T. Nagar: North Usman Road, Ranganathan Street—100+ shops within 1km radius, easy price comparison
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Sowcarpet: Traditional jewelers, higher making charges but authentic temple jewelry designs
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George Town: Wholesale-oriented, bulk purchase discounts available
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Mylapore & Triplicane: Neighborhood jewelers with loyal customer base, moderate pricing.
Disclaimer:
Gold rates listed here are for informational purposes only; actual prices may vary in local markets and jewelry stores. We do not provide investment advice or guarantee the accuracy of Chennai gold prices; always verify with official sources before making any financial decision.
