Gold Prices In Chennai Today: A Look At Market Trends And City-Wise Rates

Chennai’s gold market today reflects stable pricing, with 22-karat gold available at Rs 9,140 per gram, while 24-karat gold, also referred to as 999 gold, is priced at Rs 9,971 per gram. These rates are in line with broader national trends, shaped by both global influences and domestic market factors.

India remains the world’s second-largest gold consumer, next only to China. A significant portion of this demand is met through imports, as recycled gold makes up just a minor share of the overall supply. As gold is traded internationally in US dollars, any fluctuation in the dollar-rupee exchange rate directly affects pricing in Indian cities, including Chennai.

Domestic Factors Shaping Gold Rates

While international spot prices and currency movements are crucial, domestic elements such as import duties, Goods and Services Tax (GST), and regional levies also play a key role in determining retail prices. These factors collectively influence how much consumers in cities like Chennai end up paying for their gold purchases.

Gold's enduring status as a preferred investment is reinforced by its role as a hedge against inflation and financial uncertainty. However, its valuation is also tied to broader macroeconomic trends. Global bond yields and investor sentiment often have a ripple effect on gold prices in India, contributing to day-to-day market fluctuations.

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City-Wise Gold Rates in India Today

Here are the current gold rates across 10 major Indian cities:

  • Chennai: Rs 9,140 (22K), Rs 9,971 (24K)

  • Delhi: Rs 9,155 (22K), Rs 9,986 (24K)

  • Bengaluru: Rs 9,140 (22K), Rs 9,971 (24K)

  • Mumbai: Rs 9,140 (22K), Rs 9,971 (24K)

  • Pune: Rs 9,140 (22K), Rs 9,971 (24K)

  • Kolkata: Rs 9,140 (22K), Rs 9,971 (24K)

  • Ahmedabad: Rs 9,145 (22K), Rs 9,976 (24K)

  • Hyderabad: Rs 9,140 (22K), Rs 9,971 (24K)

  • Indore: Rs 9,145 (22K), Rs 9,976 (24K)

  • Lucknow: Rs 9,155 (22K), Rs 9,986 (24K)

Safe-Haven Appeal Supports Gold Demand

The ongoing price strength in both 22K and 24K categories underlines gold’s resilient appeal. In times of economic volatility, consumers and investors alike continue to rely on the yellow metal as a safe-haven asset. In Chennai, as in many other parts of the country, gold remains a cornerstone of household wealth and a trusted long-term investment.

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