Gold rate in Chennai today
The 24K gold rate in Chennai today is ₹ 134,376 per 10 grams, ₹ 13,438 per gram and ₹ 156,733 per tola. Rates on this page are recalculated throughout the trading day, so the figure you see is the one in force right now.
For jewellery buyers the more relevant grade is 22 karat, currently ₹ 123,178 per 10 grams. Twenty-one karat, common in Gulf-style designs, is ₹ 117,579, and 18 karat — the standard for diamond and stone settings — is ₹ 100,782. Twenty karat, occasionally quoted for lighter pieces, works out at ₹ 111,980 per 10 grams.
Silver in Chennai is trading at ₹ 205.95 per 10 grams for 999 fine, or ₹ 6,406 per troy ounce.
The Chennai gold market
Chennai consistently trades at the widest premium over import parity of any major Indian city, driven by sustained demand rather than by supply cost. The trade concentrates around NSC Bose Road in George Town for wholesale and T Nagar for retail — the latter is among the highest-turnover jewellery districts anywhere in India.
Where Chennai sits against the rest of India
Of the 101 India markets we price, Chennai is currently the 83rd cheapest . It sits ₹ 375 per 10 grams above Mumbai, the national floor. Kottayam, the dearest market, is a further ₹ 40 above here.
That gap is not a markup anyone chose. The metal costs the same everywhere on earth at any given second — what differs is the cost of getting a physical bar onto a counter in Chennai: freight from the point of import, insurance in transit, security and storage, and how many dealers compete locally. The live national ranking shows every market side by side.
Buying gold in Chennai
Tamil Nadu buyers are unusually hallmark-literate and ask for 916 by number rather than by carat, which is a good habit. What is worth checking beyond the stamp is the HUID in the BIS Care app, and — on bridal work — the wastage percentage, which in this market is more often applied than waived.
Whatever else you do, get four figures separately before agreeing anything: the metal rate for the exact karat you are buying, the making charge, the wastage percentage, and the tax. With those four, two shops become directly comparable. With a single all-in price, they cannot be — and a shop unwilling to break it down has told you something about the price.
One more local reference point: at current Chennai rates a gram of 24K gold costs about 65× a gram of 999 silver. Silver rates for Chennai are published in full.
Before you buy or sell in Chennai
These cost people more money than the rate itself does, and each is worth two minutes:
- Two words decide the price here. 916 is the hallmark for 22 carat, and a pavan is 8 grams — get both straight before comparing shops.
- Making charges, not the gold rate, are what differ between shops. How they are calculated, and why a low charge with high wastage can cost more than the reverse.
- Check the karat before you check the price. What the stamps guarantee and which tests actually prove anything — the magnet test only works in one direction.
- Understand where the number comes from. The full chain from dollar spot to the board outside your jeweller, with today's live figures at each step.