Chennai buyer's desk
Chennai gold rate today
Daily 24K, 22K, and 18K gold per gram for Greater Chennai — plus a jewellery bill calculator and plain answers for shoppers, not traders.
Chennai gold rate today (7 Jul 2026): 24 carat gold is ₹14,946/g, 22 carat is ₹13,700/g, and 18 carat is ₹11,440/g. Silver is ₹95/g. Rates are indicative retail benchmarks for Greater Chennai — confirm at the shop before you pay.
Last updated 7 Jul 2026, 12:09 am IST · Source: Chennai retail benchmark (IBJA/MCX-derived, indicative)
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Today's rates per gram
Gold sovereign (8 g) shown where relevant for Chennai buyers.
24K gold
99.9% purity
₹14,946/g
Sovereign (8 g): ₹1,19,568
22K gold
91.6% purity
₹13,700/g
Sovereign (8 g): ₹1,09,600
18K gold
75% purity
₹11,440/g
Silver
Retail benchmark
₹95/g
Jewellery bill calculator
Estimate what you might pay at a Chennai counter — gold value, making, wastage, and GST. This is not a quote from any shop; use it to compare bills before you buy.
Estimated bill
- Gold rate used
- ₹13,700/g
- Base gold value
- ₹1,37,000
- Making charges
- ₹16,440
- Wastage
- ₹6,850
- GST
- ₹4,809
- Total payable
- ₹1,65,099
How much gold for your budget?
Gold weight only — excludes making charges and GST you will pay at the shop.
≈ 10.949 g of 22Kat today's rate
Buying gold in Chennai — what the daily rate does not show
The per-gram numbers on this page are a starting point. Most Chennai shoppers buy jewellery, not raw bullion — so the bill includes design labour, wastage on some pieces, stones priced separately, and GST on the invoice. Festival weeks (Diwali, Tamil wedding season, Akshaya Tritiya) often bring foot traffic to corridors like T Nagar and George Town; compare making charges, not just the headline rate.
Where Chennai shops and how demand looks
Retail demand skews toward chains, bangles, rings, and wedding sets. Coins and bars are a smaller slice. Established showrooms and neighbourhood jewellers both compete — ask for BIS hallmark, a detailed invoice, and buy-back terms before you pay a deposit.
- Kodambakkam & T Nagar area hub — dense jewellery retail corridor.
- Chennai classifieds — occasional pre-owned or service listings from readers.
- Economy desk — macro moves that can ripple into local prices.
Methodology & disclaimer
We publish one Chennai snapshot per IST calendar day, refreshed automatically from international spot gold/silver and USD/INR, with a small retail markup tuned for Chennai jewellery counters. Numbers are indicative — not an IBJA quote or an offer to buy or sell. Always confirm the final quote at the counter. For editorial standards see editorial standards.
Frequently asked questions
- What is today's 24 carat gold rate in Chennai?
- The 24 carat (99.9% purity) gold rate in Chennai is updated daily on this page in Indian Rupees per gram. Check the rate card at the top for today's figure and the last-updated time. Shop counters may quote slightly higher or lower after making charges.
- How is 22K gold price calculated from 24K?
- 22K gold is 91.6% pure (22 parts gold out of 24). The indicative 22K rate is derived from the 24K benchmark: 24K rate × (22 ÷ 24), rounded to the nearest rupee. Jewellers may round again at billing.
- Why is the shop price higher than the rate shown online?
- Published rates usually reflect gold value per gram. At a Chennai jewellery shop you also pay making charges (labour), wastage on some designs, stone charges if any, and 3% GST on the taxable portion of the bill. Use our jewellery calculator to estimate the total.
- What are making charges and wastage in Chennai jewellery?
- Making charges cover design and labour — quoted as a percentage of gold value or rupees per gram. Wastage is an extra weight allowance on intricate pieces (bangles, chains). Both vary by shop and design; T Nagar and central Chennai corridors often compete on making rates during festival weeks.
- Is GST included in the gold rate on this page?
- No. The per-gram rates here are indicative gold-value benchmarks before making charges and GST. On hallmarked jewellery in Tamil Nadu, GST is typically 3% on the invoice total (rules can differ for coins or specific categories — confirm on your bill).
- What is the silver rate in Chennai today?
- When available, we publish Chennai silver per gram alongside gold on this page. Silver moves on a different market cycle than gold; verify the shop quote before buying silver articles or coins.
- Where do Chennai buyers usually purchase gold?
- Most retail demand is for jewellery — chains, bangles, rings, and wedding sets — from established corridors such as T Nagar, George Town, and neighbourhood showrooms. Coins and bars are a smaller share. Compare hallmark (BIS), invoice, and buy-back terms, not just the daily rate.
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