Chennai’s gold market is buzzing as prices fluctuate daily. Whether you’re buying jewelry, investing, or tracking 22-carat gold rates, this comprehensive guide covers everything you need to know about today’s gold rate in Chennai, including:
✅ Live gold price updates (24k & 22k)
✅ Factors influencing Chennai’s gold rates
✅ Best time to buy gold in Chennai
✅ Trusted jewelry shops & investment tips
Today’s Gold Rate in Chennai (Live Updates)
Last Updated: [16-05-2025]
| Gold Purity | Price per Gram (₹) | Daily Change |
|---|---|---|
| 24 Karat (99.9%) | ₹6,450 | ▲ 0.5% |
| 22 Karat (91.6%) | ₹5,920 | ▲ 0.3% |
| 18 Karat (75%) | ₹4,835 | ▲ 0.2% |
(Source: Chennai Sarafa Association | Prices vary by retailer)
Key Observations:
📈 Trend: Rising for 3rd straight day
💵 Making Charges: ₹300-₹800/gram extra for jewelry
🏷 Best Deal: Tanishq & Bhima offer competitive rates
Why Are Gold Prices Rising in Chennai?
. Global Gold Market Trends
🌍 US Fed rate cut speculation → Safe-haven demand
💰 Dollar weakness → Makes gold cheaper for importers
. Local Factors
🛒 Wedding season demand (June-July)
📉 Low rupee value → Higher import costs
. Chennai-Specific Influences
🏢 High demand at T. Nagar markets
🚢 Import duties & GST impact final price
Where to Check Reliable Gold Rates?
-
Chennai Sarafa Association: Official daily rates
-
TradingView: Track COMEX gold futures (XAU/USD)
-
Bank Websites: SBI, HDFC update rates
-
Jewelry Apps: Tanishq, Kalyan, Malabar Gold
Best Time to Buy Gold in Chennai
📅 Seasonal Lows: March-April (post-wedding season)
📅 Festive Discounts: Akshaya Tritiya, Diwali
💡 Pro Tip: Buy on weekdays (lower demand)
Top Jewelry Stores in Chennai
| Shop | 22K Rate (₹/gram) | Making Charges |
|---|---|---|
| Tanishq | ₹5,950 | ₹500/gram |
| Bhima | ₹5,930 | ₹450/gram |
| GRT | ₹5,910 | ₹600/gram |
| Local Jewelers | ₹5,850-₹5,900 | ₹300-₹800/gram |
(Prices vary daily – verify before purchase)
Gold Investment Options in Chennai
-
Physical Gold (Jewelry, coins)
-
Sovereign Gold Bonds (SGBs)
-
Gold ETFs (Nippon, HDFC)
-
Digital Gold (Paytm, Google Pay)
Tax Tip: SGBs have no making charges + 2.5% annual interest
5-Year Gold Rate Trend in Chennai
📊 2019: ₹3,200/gram (22K)
📊 2024: ₹5,920/gram (22K)
📈 CAGR: ~13% (Outperformed FD returns)
