Gold Rate Chennai (08 Oct, 2022)
Gold Rate Chennai page gives you the precise details of the gold rate as per the market trend. Here, we provide you the live gold price of 22 carat, 24 carat, 18 carat and 916 kdm hallmark.
Today Gold rate in Chennai is ₹4,432. The mentioned gold rate is that the 22 Carat gold rate in Chennai. We all know the 22 Carat gold rate is additionally referred to as the 916 kdm gold rate. You may be asking, Are there any other gold varieties in the market?. Yes, gold is assessed by its quality and, quite five varieties are available within the market. But only three varieties have the simplest attraction among the folks that are 24 carat gold, 22 carat gold and 18 carat gold. Let's see their price, demand and the way they calculated.
Today Gold Rate in Chennai 22K and 916 KDM
| 22 Carat Gold Rate in Chennai | 1 Gram | 8 Grams | 10 Grams |
|---|---|---|---|
| 22 Carat Gold Rate Today in Chennai | ₹4,432 | ₹35,456 | ₹44,320 |
| 22 Carat Gold Rate Yesterday in Chennai | ₹4,454 | ₹35,632 | ₹44,540 |
| Today's Price Change | ₹-22 | ₹-176 | ₹-220 |
Today Gold Rate in Chennai 24K
| 24 Carat Gold Rate in Chennai | 1 Gram | 8 Grams | 10 Grams |
|---|---|---|---|
| 24 Carat Gold Rate Today in Chennai | ₹4,785 | ₹38,280 | ₹47,850 |
| 24 Carat Gold Rate Yesterday in Chennai | ₹4,809 | ₹38,472 | ₹48,090 |
| Today's Price Change | ₹-24 | ₹-192 | ₹-240 |
Today Gold Rate in Chennai 18K
| 18 Carat Gold Rate in Chennai | 1 Gram | 8 Grams | 10 Grams |
|---|---|---|---|
| 18 Carat Gold Rate Today in Chennai | ₹3,630 | ₹29,040 | ₹36,300 |
| 18 Carat Gold Rate Yesterday in Chennai | ₹3,648 | ₹29,184 | ₹36,480 |
| Today's Price Change | ₹-18 | ₹-144 | ₹-180 |
Daily Gold Rates of Chennai
| Date | 24K/Gram | 22K/Gram | 18K/Gram |
|---|---|---|---|
| 2022-10-07 | ₹ 4,785 | ₹ 4,432 | ₹ 3,630 |
| 2022-10-06 | ₹ 4,809 | ₹ 4,454 | ₹ 3,648 |
| 2022-10-05 | ₹ 4,796 | ₹ 4,442 | ₹ 3,638 |
| 2022-10-04 | ₹ 4,799 | ₹ 4,444 | ₹ 3,640 |
| 2022-10-03 | ₹ 4,643 | ₹ 4,300 | ₹ 3,522 |
| 2022-10-02 | ₹ 4,629 | ₹ 4,287 | ₹ 3,511 |
| 2022-10-01 | ₹ 4,629 | ₹ 4,287 | ₹ 3,511 |
| 2022-09-30 | ₹ 4,629 | ₹ 4,287 | ₹ 3,511 |
| 2022-09-29 | ₹ 4,599 | ₹ 4,259 | ₹ 3,488 |
| 2022-09-28 | ₹ 4,554 | ₹ 4,218 | ₹ 3,454 |
| 2022-09-27 | ₹ 4,542 | ₹ 4,207 | ₹ 3,445 |
| 2022-09-26 | ₹ 4,539 | ₹ 4,203 | ₹ 3,442 |
| 2022-09-25 | ₹ 4,564 | ₹ 4,227 | ₹ 3,461 |
| 2022-09-24 | ₹ 4,564 | ₹ 4,227 | ₹ 3,461 |
| 2022-09-23 | ₹ 4,560 | ₹ 4,224 | ₹ 3,459 |
| 2022-09-22 | ₹ 4,632 | ₹ 4,290 | ₹ 3,513 |
| 2022-09-21 | ₹ 4,546 | ₹ 4,211 | ₹ 3,448 |
| 2022-09-20 | ₹ 4,562 | ₹ 4,225 | ₹ 3,460 |
| 2022-09-19 | ₹ 4,569 | ₹ 4,232 | ₹ 3,465 |
| 2022-09-18 | ₹ 4,559 | ₹ 4,223 | ₹ 3,458 |
| 2022-09-17 | ₹ 4,559 | ₹ 4,223 | ₹ 3,458 |
| 2022-09-16 | ₹ 4,558 | ₹ 4,222 | ₹ 3,457 |
| 2022-09-15 | ₹ 4,540 | ₹ 4,205 | ₹ 3,443 |
| 2022-09-14 | ₹ 4,601 | ₹ 4,261 | ₹ 3,489 |
| 2022-09-13 | ₹ 4,673 | ₹ 4,328 | ₹ 3,544 |
| 2022-09-12 | ₹ 4,668 | ₹ 4,323 | ₹ 3,541 |
| 2022-09-11 | ₹ 4,671 | ₹ 4,326 | ₹ 3,542 |
| 2022-09-10 | ₹ 4,671 | ₹ 4,326 | ₹ 3,542 |
| 2022-09-09 | ₹ 4,672 | ₹ 4,327 | ₹ 3,543 |
| 2022-09-08 | ₹ 4,654 | ₹ 4,311 | ₹ 3,530 |
| 2022-09-07 | ₹ 4,667 | ₹ 4,322 | ₹ 3,540 |
| 2022-09-06 | ₹ 4,684 | ₹ 4,339 | ₹ 3,553 |
| 2022-09-05 | ₹ 4,670 | ₹ 4,325 | ₹ 3,542 |
| 2022-09-04 | ₹ 4,660 | ₹ 4,315 | ₹ 3,534 |
| 2022-09-03 | ₹ 4,662 | ₹ 4,317 | ₹ 3,536 |
| 2022-09-02 | ₹ 4,662 | ₹ 4,317 | ₹ 3,536 |
| 2022-09-01 | ₹ 4,742 | ₹ 4,392 | ₹ 3,597 |
| 2022-08-31 | ₹ 4,672 | ₹ 4,327 | ₹ 3,543 |
| 2022-08-30 | ₹ 4,672 | ₹ 4,327 | ₹ 3,543 |
| 2022-08-29 | ₹ 4,672 | ₹ 4,327 | ₹ 3,543 |
| 2022-08-11 | ₹ 4,742 | ₹ 4,392 | ₹ 3,597 |
Things to Remember Before Buying Gold Jewellery in Chennai
Chennai is one of the most sought-after places for buying gold jewelry. Considering the gold rate today in Chennai, if you're too trapped to shop for some gold from this place, you’ll find this information bona fide!
Be aware of the Gold Prices charges:
Leading Jewelers or for that matter even local jewelers always quote a better price by the karat. Assume the prevailing rate of gold as 3000 per gm for 24K. So for example, if you are buying a 22K gold ring the price per gm you must pay is 22K/24K*3000 = 2750. But they always charge you higher about 5-8 percent as most customers do not question and don’t exactly know how it must be calculated. So they find yourself making a profit on the prevailing gold rate.
Paying for everything by the price of gold:
At times there are gold designs with colored stones, pearls, artificial diamonds, etc. studded into the gold and other people find yourself paying for them within the price of gold if they are doing not ask the jeweler to deduct their weight from the gold item.
The truth behind the actual Karat:
Previously a jeweler charged you for 22K and was assumed to be 22K but generally , it wont to be always around 18K. Though this practice has reduced to almost negligible due to the government’s effort of pushing for Hallmarked Jewelry. So always buy only Hallmarked Jewellery.
Making Charges:
Jewelers generally charge you approximate 400–500 per gm as making the charge that's about 15–20 percent of the gold price charged. But actually , these charges for them are as low as 200 per gram.
Yellow, Rose and White Golds are priced the same:
Jewelers always demand a better price for alloy and rose gold making. But this could not be the case because it seems they only need to mix a couple of alloys to urge that specific gold color. So never pay higher whatever the color of your gold.
Buy Back of Gold Jewelry:
Always ask about return policies as they follow the 99:1 policy which says 99 percent of the buyers never come back to sell their Jewelry. So drill your seller on their buyback policies and you can make them eat their words back or take the jewelry in case you have to return it in the future.
If you'll master the above steps you'll never just fail . Never go by the words of a particular seller as he wants to get the money from your pocket to his.
A bit about me. I am a certified IGI Gemologist and a wholesaler of diamond solitaires and diamond Jewelry based out from Mumbai, India. I can guarantee the simplest prices for your diamond solitaire purchase and diamond jewelry pieces.
Jewellery stores to buy gold in Chennai:
So many places in Chennai to buy gold. Customers can directly purchase gold from the trusted jewelry houses in Chennai.
Many of the favourite jewelry brands are present in Chennai. A few of them are listed there, Vummidi Bangaru Srihari Sons, Mehta Jewellery, G R Thanga Maligai, Prince Jewellery, Nathella Sampathu Chetty Jewellery, Saravana Stores Thanga Nagai Maligai, Bapalal & Co. Jewelry, Lalitha Jewellery, NAC Jewellers, and so on.
More info
Some Interesting Facts Of Gold
- Only 30% of gold sold in India hallmarked. The experts have noticed that the difference in purity of gold and average carat ranges from 10 to 15%.
- Jewelers Association in the city decides the gold rate and Chennai is no exception. Based on the daily gold rate calculated by the Indian Bullion and Jewellers Association (IBJA), the jewelers decide whether or not to give a discount depending on the demand and headroom they have.
- It is one of the most liquid commodities and gold held by all major institutions including the Central Bank keeps circulating in the economy.
- Price determined by stock equilibrium instead of flow equilibrium.
- Factors influencing the price of gold are different from those affecting other financial assets.
- China is the world’s largest gold producer at more than 3.61 tons, followed by South Africa.
- More than 2/3rd of the gold that we get comes from South Africa.
- There is nothing most malleable and ductile than gold and believe it or not. you can create a sheet of around 100 square feet by beating an ounce of gold.
- When it comes to conducting electricity, gold is an excellent conductor. So be aware of your gold chain. It might give you a shock if you don’t take enough precaution.
- The largest consumer of gold in India. No doubt you see Indian women loving gold, but these days times are changing so they need more diamonds than gold!
FAQ - Frequently Asked Questions
What is the gold price today in Chennai?
Gold rate today in Chennai is ₹4,432. The given gold rate is 22 Carat. We know that 22 carat's another name is 916 KDM hallmark gold.
What is the price of 1 gram of gold in Chennai?
The price of 1 gram gold in Chennai is ₹4,432.
What is the price of 8 gram of gold in Chennai?
Current price of 8 gram gold in Chennai is ₹35,456.
How to calculate a 22-carat gold rate in Chennai?
Leading Jewelers or local jewelers always quote a higher price by the karat. Assume the prevailing Gold Rate Today in India as 4000 per gm for 24 Karat. So for example, if you are buying a 22K gold ring the price per gm you must pay is 22K/24K*4000 = 3,666. But they always charge you higher about 5 to 8 % as most customers don’t question and don’t exactly know how it must be calculated. So the jewellers makes profit on the prevailing gold rate.
What is the reason for the gold price hike in Chennai?
Gold rate in Chennai provides a clear trend structure to understand the next gold price hike of the year. The reason for the gold price hike in Chennai is the demand for gold jewelry and the investment attraction of the people. And another important reason for the hike in gold price is people are not only buying the gold as jewels but also buying the gold as their investment property. Even though, Most of the demand comes from the jewelry only and a few from gold biscuits & gold coins.
What is the price of one pawn of gold in Chennai?
Current price of one pawn gold in chennai is ₹35,456.
How to calculate a 18-carat gold rate in Chennai?
18 Karat gold has a rich, yellow appearance that most people associate with gold jewelry. This attractive material is usually used for making engagement rings, watches and other wearable jewelry. 18 karat gold is made up of 75% gold and 25% alloy, 18 out of 24 parts gold (18/24 * 1000 = 750 ie. 75%). The additional metals in 18K gold is a good balance of strength and value. Since 18k gold is almost pure, but there’s very little risk of using this jewelry. If you have a nickel allergy, it cause any skin irritation.
What is the price of 18-carat gold in Chennai?
The price of 18 carat gold in Chennai per gram is ₹3,630.
How is today's gold rate in Chennai determined?
In Chennai Gold is purchased not just for personal celebrations, but also for events like Akshaya Tritiya, Festivals. If there are lots of discounts, slashed rates, exciting offers and more to attract the customers. Let us see the elements that determine the gold prices of 14 Karats, 18 Karats, 22 Karats, 24 Karats, 916 KDM and Hallmark Gold in Chennai.
Coming to the factors that determine the Today Gold rate in Chennai are Interest Rates, Demand, Local taxes, Transportation taxes, State taxes, Government policies and additional costs incurred by jewelries in Chennai
Interest rates: One big factor is the interest rates. When interest rates in developed countries rise, investors sell gold and buying fixed yielding instruments. This affects the daily gold rates in Chennai.
Demand: As widely known anything that has lower demand will see a fall in prices and anything that has good demand will see a rise in prices.
Government policies: Gold prices go higher when the government policies are not favourable for the precious metal. For example, when the government imposes duties and tariffs it leads to a fall in prices and this is very simple. The government recently added to the Goods and Services Tax, which has altered the gold prices in Chennai.
Carat or Karat which is Correct?
Mostly the two words ‘Carat’ and ‘Karat’ are confused to be the same. First I would like to clarify the difference between ‘Carat’ and ‘Karat’. Karat- It is a unit to measure the purity of gold. Where 24 Karat or 24k is purest form of gold. Carat- It is used to measure weight of gem or precious stones. It is a unit of mass where one carat is equal to 200 mg (1 carat = 200 milligrams).
How to check your Gold?
In India, the marking of karat value is mandatory on each piece of jewellery, called ‘Hallmarking’. The Government of India set up the Bureau of Indian Standards (BIS) to ensure that consumers get what they pay for and so they certify gold coins and jewellery by stamping it (mark on the gold item) to certify the level of purity of the item.
Look for: BIS Logo, Logo of Assaying (Hallmarking), Jewellers' Identification Mark & Number and Purity of Gold
Should you buy 22 karats or 24 karats?
In fact, all gold jewelery is made of 22 karats gold. If you want to buy 24 karats gold, the best option is to buy gold biscuits and gold bars. This would be gold in its purest form. Apart from this, there is no much difference, except in terms of purity. Gold can also be lower than 18 karats.
What is the price of 24 Carat gold in Chennai?
The price of 24 carat gold in Chennai per gram is ₹4,785. 24 Carat gold is also known as pure gold.
What is the gold price in Chennai for 916 KDM hallmark?
Today's 916 KDM hallmark gold rate in Chennai is ₹4,432.
Which country has cheapest gold?
Hong Kong is the country who is selling the gold at cheapest price.
Is gold price same all over India?
No, The gold price is different from state to state. Import cost and taxes determine the gold price in each state. So the gold price differs from state to state.
Disclaimer:Find Me Free providing you the exact price of today's gold rate in Chennai. But we have not added the making charges & GST with the given price. Always check with your nearest gold jewelry shop to know their's selling price. The selling price of the gold always changing based on the demand, making-charges and GST.