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Today’s Gold Rate in Chennai

Gold Price in Chennai

Last Updated 16th Jul 2020

The gold price in Chennai for 22-carat gold is ₹ 47,180 and for 24-carat gold is ₹ 51,470.

16th Jul 2020 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 51,470 47,180
Gold Rate Chennai Jul 2020
Highest Rate 51,470 47,180
Lowest Rate 50,620 46,100
Average Rate 51,063 46,701

Gold Price Today in Chennai

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Chennai. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Chennai. The gold rates in Chennai are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Chennai today is ₹ 47,180 for 22-carat gold, whereas for 24-carat gold it is ₹ 51,470.

Historical Price of Gold Rate in Chennai

24 Carat Gold Price in Chennai 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
July 2020
50,620 51,470
June 2020
48,350 50,660
May 2020
46,200 49,160
April 2020
43,080 47,190
March 2020
41,920 46,160
February 2020
41,880 44,700
January 2020
40,720 42,860

24 Carat Gold Price in Chennai 2019

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2019
39,180 40,690
November 2019
39,390 40,410
October 2019
38,670 40,230
September 2019
39,040 41,070
August 2019
36,160 40,560
July 2019
34,300 36,660
June 2019
31,160 35,660
May 2019
30,500 32,480
April 2019
31,920 32,310
March 2019
32,190 35,660
February 2019
32,530 34,060
January 2019
32,050 33,610

22 Carat Gold Price in Chennai 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
July 2020 46,100 47,180
June 2020 44,270 46,450
May 2020 43,410 45,920
April 2020 39,440 44,740
March 2020 38,340 42,310
February 2020 38,380 41,000
January 2020 37,320 39,270

22 Carat Gold Price in Chennai 2019

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2019 35,910 37,300
November 2019 36,110 37,050
October 2019 35,450 36,880
September 2019 35,790 37,680
August 2019 33,150 37,180
July 2019 32,520 33,690
June 2019 30,620 32,940
May 2019 29,920 32,280
April 2019 30,140 30,530
March 2019 30,410 32,660
February 2019 30,750 32,260
January 2019 30,170 31,730

From where to buy gold jewellery in Chennai

When buying gold in Chennai, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Chennai for buying gold jewellery are NAC Jewellers, Vummidi Bangaru Jewellers, Lalitha Thanga Maaligai Jewellers, Nirmal Jewellers, Khushbu Jewellers, ORRA Jewellery and Fathima Jewellers. Other large Stores that sell certified and hallmark jewellery in Chennai are Caratlane, Kathir Kaman Jewellers and Kalyan Jewellers.

List of banks providing gold loan in Chennai

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Chennai that provide loan against gold jewellery are:

About Chennai

Chennai is the metropolitan city of Tamil Nadu. Chennai ranks high amongst all the cities in India with a staggering demand for gold. The gold is purchased by peoples in Chennai due to its cultural importance and for a fact that it is also a lucrative investment option. Gold is a predominant financial commodity in Chennai . Usually, gold is purchased in the form of bullion, gold coins, and as ornaments. Gold rates in Chennai is updated on a daily basis which is available online, financial websites, and from gold dealers. You can also check the latest updates on gold rates on MyLoanCare.

FAQs

What is the gold price in Chennai for 916 hallmark gold?

The gold price in Chennai for 916 hallmark gold is ₹ 47,180. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Chennai today?

The price of 1 gm gold in Chennai today is ₹ 5,147 for 24 carats of gold and ₹ 47,180 for 22 carats gold. 

What is the rate of 23-carat gold in Chennai?

The rate of hallmark gold of 23-carat in Chennai is ₹ 51,470.

How is today’s gold rate in Chennai 916 determined?

The gold rates in Chennai is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Chennai is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Chennai?

Checklist for buying gold in Chennai involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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