Gold Rate in Chennai

Array ( [0] => Array ( [date] => 2017-10-22 [city] => chennai [22_c_1_gm] => 2820.00 [24_c_1_gm] => 3016.04 [last_updated] => Last Updated: 21 Oct 2017, 12:29:52 PM ) [1] => Array ( [date] => 2017-10-21 [city] => chennai [22_c_1_gm] => 2820.00 [24_c_1_gm] => 3016.04 [last_updated] => Last Updated: 21 Oct 2017, 12:29:52 PM ) )

22nd Oct 2017

30,160.40

Today MCX gold price in rupees per 10 grams.

Today gold price in Chennai is 30160.4 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 28200
24 Carat Gold
Rs. 30160.4

22 Carat & 24 Carat Gold Rate in Chennai Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 2820.00 3016.04 0 %
Today 2820.00 3016.04 0 %

Today 24 Carat Gold Price per gram in Chennai (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 3016.04Rs 3016.04
8 Gram Rs 24128.32Rs 24128.32
10 Gram Rs 30160.4Rs 30160.4
100 Gram Rs 301604Rs 301604

Today 22 Carat Gold Price per gram in Chennai (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2820.00Rs 2820.00
8 Gram Rs 22560Rs 22560
10 Gram Rs 28200Rs 28200
100 Gram Rs 282000Rs 282000

Gold Rate in Chennai

The metropolitan city of Tamil Nadu, Chennai, ranks high amongst the cities in India with a staggering demand for gold. The precious metal is sought after due to its cultural importance and for a fact that it is also a lucrative investment option. Gold is a predominant financial commodity in Chennai, which is fairly obvious with a huge number of jewelers that are available to purchase the yellow metal from. The city, therefore, boasts a maximum sale and purchase of gold in India.

Gold is purchased in the form of bullion, coins, funds, accumulation plans, and of course as ornaments. Whatever the gold price today in Chennai is, there is always someone purchasing the metal as it the only commodity that is inflation proof. Gold price in Chennai is updated on a daily basis which is available online, financial websites, and from gold dealers. Gold rate today in Chennai is slightly higher than last week but same as the week before that.

Chennai is known to house industries and gold serves as a part of their investment portfolio. Like all other Indian cities, Chennai too depends upon the import of gold and the Chennai gold price is also determined by the Bullion Association every day in accordance with the international stock exchange. The current gold rate in Chennai seems unchanged for most of this year bringing good news for buyers.

22 & 24 Carat Gold Rate in Chennai for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
22 October 2017 Rs. 2820.00 Rs. 28200 Rs. 3016.04 Rs. 30160.4
21 October 2017 Rs. 2820.00 Rs. 28200 Rs. 3016.04 Rs. 30160.4
20 October 2017 Rs. 2829.00 Rs. 28290 Rs. 3025.67 Rs. 30256.7
19 October 2017 Rs. 2820.00 Rs. 28200 Rs. 3016.04 Rs. 30160.4
18 October 2017 Rs. 2827.00 Rs. 28270 Rs. 3023.53 Rs. 30235.3
17 October 2017 Rs. 2837.00 Rs. 28370 Rs. 3034.23 Rs. 30342.3
16 October 2017 Rs. 2844.00 Rs. 28440 Rs. 3041.71 Rs. 30417.1
15 October 2017 Rs. 2860.00 Rs. 28600 Rs. 3058.82 Rs. 30588.2
14 October 2017 Rs. 2860.00 Rs. 28600 Rs. 3058.82 Rs. 30588.2

Comparison of 22 K & 24 K Gold Rates in Chennai

Historical Price of Gold Rate in Chennai

Gold Rate in Chennai

Why Is Gold Considered the Most Sought After Metal?

India, one of the largest consumers of gold, is preceded only by China. South Indian cities like Chennai constitute up to 30% of the total demand for gold in the nation. The reason behind this affinity for the precious metal in Chennai is its auspicious nature and its prominent role in South Indian tradition and occasions especially weddings.

Gold is a sign of wealth and prestige in the South Indian society. It is considered the best asset to save and invest in due to its stability in adverse market conditions.

Why is there a Change in Attitude towards Gold?

The demand for physical gold seems to be tapering off due to the rise in gold prices in Chennai. There are government policies in place which discourage the consumption of gold so as to stem the outflow of foreign exchange in order to import gold from foreign markets. The increasing gold rates in Chennai and change in beliefs has prompted the shift towards holding gold in the form of gold bonds, derivatives, ETFs and jeweler schemes. 

How are Chennai’s Gold Prices Determined?

Chennai’s gold prices are determined by a combination of factors which affect the demand and supply for this metal. This involves buying and selling of gold by the central banks which hold gold as a reserve, trading of gold by Gold ETFs and cross currency headwinds which impact the gold rates in both directions, leaving it up to the investor to be prudent and buy when the prices are low.

The twenty-two carat hallmarked gold rate in Chennai live is Rs.28, 508 for 10 gms and the 24 carat hallmarked gold rate in Chennai today is Rs 30,495 for 10gms.

However, in 2017, the price of gold in Chennai is not predicted to be on a continuous upslope unless there are some geopolitical hiccups necessitating the same. A bullish domestic stock market and strong rupee promise to check the escalation of gold rates in Chennai and in India.