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Today Gold Rate in Chennai: Jan 2022

24 and 22 Carat Gold Price in Chennai

Last Updated 24th Jan 2022

The gold price in Chennai for 22-carat gold is ₹ 45,830 and for 24-carat gold is ₹ 50,000.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 50,000 45,830
Yesterday Gold Rate ₹ 50,040 ₹ 45,870
Gold Rate Chennai Jan 2022
Highest Rate 50,120 45,940
Lowest Rate 48,200 44,720
Average Rate 49,362 45,342
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Today Gold Price Chennai

₹ 45,830

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 ₹ 45,830 for 22-carat gold, whereas for 24-carat gold it is ₹ 50,000.

Historical Price of Gold Rate in Chennai

24 Carat Gold Price in Chennai 2022

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
January 2022
48,200 50,120

24 Carat Gold Price in Chennai 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2021
48,730 50,120
November 2021
48,500 50,790
October 2021
47,800 49,510
September 2021
47,300 49,060
August 2021
47,690 49,610
July 2021
48,470 49,900
June 2021
48,100 50,790
May 2021
48,110 50,700
April 2021
46,200 49,500
March 2021
45,540 47,510
February 2021
47,240 50,450
January 2021
49,620 53,290

22 Carat Gold Price in Chennai 2022

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
January 2022 44,720 45,940

22 Carat Gold Price in Chennai 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2021 44,670 45,940
November 2021 44,470 46,560
October 2021 43,820 45,380
September 2021 43,360 44,970
August 2021 43,720 45,470
July 2021 44,430 45,750
June 2021 44,100 46,550
May 2021 44,100 46,500
April 2021 42,380 45,370
March 2021 41,740 43,550
February 2021 43,300 46,250
January 2021 46,070 48,850

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 ₹ 45,830. 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 ₹ 5,000 for 24 carats of gold and ₹ 45,830 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 ₹ 50,000.

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.

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