Gold Rate in Chennai Today

Today's gold rate in Chennai is ₹14,730/gram for 22K gold, ₹16,081/gram for 24K gold, and ₹12,360/gram for 18K gold. Updated on 23 May 2026. Rates are updated every 60 seconds during market hours and updated every 60 seconds during market hours (9 AM – 7 PM IST).

Gold rates on this page are checked every 60 seconds during Chennai market hours (9 AM to 7 PM IST). When the Chennai jewellers association announces a rate change, our page updates within 1 minute. Outside market hours, the last available rate is displayed. This makes our page one of the fastest gold rate sources in Chennai.

Chennai gold rates change based on multiple factors: (1) International gold spot price set by the London Bullion Market Association (LBMA), (2) USD to INR exchange rate — a weaker rupee pushes gold prices higher in India, (3) Import duties and GST imposed by the Indian government, (4) Local supply and demand in Chennai gold markets, and (5) Global economic events, geopolitical tensions, and central bank policies. Rates can change multiple times during a single trading day.

The karat number indicates gold purity. 24K gold is 99.9% pure gold — the highest purity, mainly used for gold coins and bars. 22K gold is 91.6% pure (916 Hallmark) — the most popular purity for Indian jewellery as it's durable enough for daily wear. 18K gold is 75% pure (750 Hallmark) — used for diamond-studded and designer jewellery. The rate difference is proportional to purity: if 24K is ₹8,000/gram, 22K would be approximately ₹7,328/gram (8,000 × 0.916) and 18K approximately ₹6,000/gram (8,000 × 0.75).

The Chennai gold rate is set by the local jewellers association based on the international gold spot price, USD-INR exchange rate, and import duties. All registered jewellers in Chennai follow this rate as the benchmark. Our page sources rates directly from the association's announcements, ensuring accuracy. The rate is typically announced around 9-10 AM IST and may be revised during the day if international prices move significantly.

Market rate (displayed as 22K/24K rate) is the price at which jewellers sell new gold to customers. Old gold buying rate is what gold buyers pay when you sell your old jewellery — it's always lower than market rate because buyers need to cover refining costs, testing charges, and their margin. Most buyers in Chennai deduct ₹200-500/gram. MSR Jewellery deducts only ₹20-50/gram — the lowest margin in Chennai — and backs it with a ₹15,000 guarantee if you find a better rate.

To calculate gold jewellery value: (1) Know the weight in grams (weigh on a precision scale), (2) Know the purity/karat (check hallmark stamp — 916 means 22K, 750 means 18K), (3) Multiply: weight × gold rate per gram for that purity. For example: 10 grams of 22K gold at ₹7,500/gram = ₹75,000. Note: making charges paid when buying jewellery are not recoverable when selling. Stone weight (if any) is deducted. At MSR Jewellery, we use XRF testing machines to determine exact purity — no guesswork.

The base gold rate is the same across all registered jewellers in Chennai as it's set by the local jewellers association. However, the final price you pay or receive can vary because: (1) Buying: shops add different making charges, GST, and wastage charges on top of the base rate, (2) Selling: each buyer deducts a different margin — TV advertisers deduct ₹200-500/gram, while MSR Jewellery deducts only ₹20-50/gram. So while the raw gold rate is standardized, the effective price differs significantly between shops.

1 Savaran (சவரன்) equals exactly 8 grams of gold. This is a traditional South Indian unit of gold measurement widely used in Tamil Nadu and Kerala. When gold shops or families say "1 savaran", they mean 8 grams of 22K (916 Hallmark) gold. For reference: a typical thin gold chain weighs about 1-2 savarans (8-16 grams), while a wedding thali chain can weigh 3-5 savarans (24-40 grams). To convert: multiply the 22K per-gram rate by 8 to get the savaran rate.