Gold rate today in Chennai
Indicative 24K, 22K and 18K gold rates for Chennai, Tamil Nadu, derived from live international spot and updated continuously while markets are open. Silver included. The full formula is published — nothing here is hand-entered. Compare all cities to see where this one sits.
Gold in Chennai ₹1,49,807 per 10 g (24K) · ₹1,37,323 (22K) · −0.62% on the session · silver ₹2,18,009 per kg · as of
Spot source: Swissquote Bank · FX: Frankfurter (European Central Bank) (2026-09-29) · as of · how this is derived
The rate above is the metal alone. A real bill adds the jeweller's making charges, and then 3% GST on the metal and the making charges together — the GST Council sets that rate; see the CBIC GST rate schedules.
Making charges are set by each jeweller — commonly 6–15% of metal value on machine-made pieces and higher on handwork — so nobody can put them in a rate board. Put yours into the calculator and it will break a total into metal, making and tax.
Open the jewellery price calculatorGold rate in Chennai by weight
The same rate at the weights a purchase actually comes in. Every figure is the metal alone, ex-GST, derived from the per-gram rate in the card above — so these cannot drift away from the headline the way a hand-kept table would.
| Weight | 24K | 22K | 18K |
|---|---|---|---|
| 1 gram | ₹14,981 | ₹13,732 | ₹11,236 |
| 8 grams | ₹1,19,846 | ₹1,09,858 | ₹89,884 |
| 10 grams | ₹1,49,807 | ₹1,37,323 | ₹1,12,355 |
| 1 tola (11.664 g) | ₹1,74,732 | ₹1,60,171 | ₹1,31,049 |
| 100 grams | ₹14,98,069 | ₹13,73,230 | ₹11,23,552 |
The Chennai market
Chennai consistently runs the highest gold rates of the major Indian metros. Tamil Nadu is one of the country's strongest gold-consuming states, and sustained retail demand keeps the local premium wider than in the north or west.
T. Nagar — Usman Road and Panagal Park — is one of the highest-turnover retail jewellery districts anywhere in India, anchored by very large showrooms. NSC Bose Road in George Town handles the wholesale and bullion trade.
Chennai jewellers usually quote per gram rather than per 10 grams, and 22K is the default for jewellery rather than 24K. We show both units and all three purities so the comparison is direct.
Gold-only movement, converted at today's INR rate
Ten daily closes per 10 grams, ex-GST. Read this as the movement in the metal: each past dollar close is converted at today's exchange rate, not at the rate that applied on the day, so the rupee column is not a record of what gold cost in Chennai on those dates. Until we hold a daily USD/INR series, saying so is the honest version of this table.
| Date | 24K | 22K | 18K | Change |
|---|---|---|---|---|
| 29 Sept 2026 | ₹1,48,889 | ₹1,36,482 | ₹1,11,667 | −1.65% |
| 28 Sept 2026 | ₹1,51,386 | ₹1,38,771 | ₹1,13,540 | −2.05% |
| 27 Sept 2026 | ₹1,54,552 | ₹1,41,673 | ₹1,15,914 | −0.00% |
| 26 Sept 2026 | ₹1,54,552 | ₹1,41,673 | ₹1,15,914 | +0.38% |
| 25 Sept 2026 | ₹1,53,967 | ₹1,41,136 | ₹1,15,475 | −0.33% |
| 24 Sept 2026 | ₹1,54,481 | ₹1,41,608 | ₹1,15,861 | −1.43% |
| 23 Sept 2026 | ₹1,56,730 | ₹1,43,669 | ₹1,17,547 | +0.21% |
| 22 Sept 2026 | ₹1,56,399 | ₹1,43,365 | ₹1,17,299 | −0.63% |
| 21 Sept 2026 | ₹1,57,383 | ₹1,44,267 | ₹1,18,037 | −0.35% |
| 20 Sept 2026 | ₹1,57,938 | ₹1,44,777 | ₹1,18,454 | +0.00% |
How this rate is worked out
We start from the international spot price of gold in US dollars per troy ounce, convert it to rupees per gram at the European Central Bank's daily reference rate, add India's 15% import duty, and apply a flat trade premium. We apply a regional adjustment of +1.10% over Mumbai — the widest on this site, matching Chennai's persistently higher retail level.
Purities follow exact ratios: 22K is 22/24 of the 24K rate, 18K is 18/24. The methodology page gives every constant, the date it was last checked, and an explicit list of what this figure cannot tell you.
Our Chennai figure applies a fixed regional adjustment to a nationally derived rate. We do not survey local jewellers or publish any bullion association's rate. Treat it as a well-documented reference level, and expect a counter price to differ. See the risk disclaimer.
24K, 22K and 18K — which one applies to you
| Karat | Hallmark | Purity | Typically used for |
|---|---|---|---|
| 24K | 999 | 99.9% | Coins, bars, investment metal. Too soft for most jewellery. |
| 22K | 916 | 91.6% | The standard for Indian gold jewellery. |
| 18K | 750 | 75.0% | Diamond settings and contemporary designs; harder and more durable. |
The hallmark number is the purity in parts per thousand, and each rate is an exact fraction of the 24K figure. 22K vs 24K gold and what 916 means covers the alloy, how to read a BIS hallmark and how to check one.
Duty, GST and hallmarking
Import duty of 15%. India imports almost all of its gold, and the customs duty on it is 15% (10% basic customs duty + 5% AIDC), administered by the Central Board of Indirect Taxes and Customs. That duty is inside the rates on this page, because it is inside the price a shop pays for its metal.
GST of 3% is not. Indian rate boards quote ex-GST by convention and so do we. Gold and gold jewellery are taxed at 3% of the transaction value — see the CBIC GST rate schedules — and that value includes making charges, not just the metal. The jewellery price calculator applies both.
Hallmarking is mandatory. Gold jewellery sold in India must carry a BIS hallmark: the BIS mark, the purity grade (999, 916, 750) and a six-digit HUID. Check all three before paying, and see the BIS hallmarking FAQs for what each mark means and how to verify one.
Frequently asked questions
Why is the gold rate in Chennai higher than in Mumbai?
Chennai is far from the western import points, so metal carries the cost of moving inland, and Tamil Nadu's jewellery demand is strong and heavily weighted to 22K. Local bullion associations there have historically quoted above the Mumbai level. We model that as a fixed regional adjustment of about 1.1%, which is an estimate rather than a surveyed association rate.
Why is gold more expensive in Chennai than in Mumbai or Delhi?
Tamil Nadu has exceptionally high and steady jewellery demand, and the local trade sustains a wider premium over landed cost as a result. Transport from the western import points adds to it.
Chennai jewellers quote per gram — how do I compare with a per-10-gram rate?
Divide by ten. A rate of ₹1,45,000 per 10 grams is ₹14,500 per gram. The widget above shows both so you do not have to.
Should I look at the 22K or the 24K rate?
For jewellery, 22K (916 hallmark) — that is what almost all Indian ornaments are made from. 24K is for coins and bars. 22K is exactly 22/24 of the 24K rate before making charges.
Does the Chennai rate include the jeweller’s making charges?
No. Our figure is the metal rate only. Making charges and wastage in Chennai showrooms are often quoted as a percentage of metal value and can be substantial on traditional designs, and 3% GST applies on top of metal plus making.
Silver rate in Chennai
The silver figure in the card above is the national rate per kilogram, ex-GST — we apply the same regional adjustment to silver as to gold, and no city-specific silver survey sits behind it. Silver price today carries the ounce, gram and kilogram quotes, the ten-day board and the gold/silver ratio.
Gold rates in other cities
Rates are indicative and exclude GST. Read the methodology, the risk disclaimer and the terms of use.