Chennai
Todays Gold Rate in Chennai (22/Oct/2024)
Welcome to Live Chennai, your go-to source for accurate and up-to-date gold rates. Here we present today’s gold rate in Chennai for both 22 Carat (916 KDM hallmark) and 24 Carat gold. Stay informed with our regularly updated rates, including the difference from the previous day’s rates.
Gold Rate per Gram in Chennai (INR)
| Date | 1 Gram (22K) | Silver 1 Gram |
|---|---|---|
| 22/Oct/2024 | ₹7,300 (-₹2) | ₹110.00 (+₹1) |
Last Update Time: 9:37:30 AM
Detailed Gold Rates in Chennai
| Date | Pure Gold (24K) | Standard Gold (22K) |
|---|---|---|
| 1 Gram | ₹7,755 | ₹7,300 |
| 8 Grams | ₹62,040 | ₹58,400 |
Silver Rate in Chennai (INR)
| Date | 1 Gram Silver | Ready Silver (1 Kg) |
|---|---|---|
| 22/Oct/2024 | ₹110.00 | ₹110,000.00 |
| 21/Oct/2024 | ₹109.00 | ₹109,000.00 |
Previous Days’ Rates:
10-Day Gold and Silver Rate History in Chennai
| Date | 24K (1 Gram) | 24K (8 Grams) | 22K (1 Gram) | 22K (8 Grams) | Silver (1 Gram) |
|---|---|---|---|---|---|
| 22/Oct/2024 | ₹7,780 | ₹62,240 | ₹7,325 | ₹58,600 | ₹110.00 |
| 21/Oct/2024 | ₹7,782 | ₹62,256 | ₹7,327 | ₹58,616 | ₹109.00 |
| 20/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹109.00 |
| 19/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹108.00 |
| 18/Oct/2024 | ₹7,720 | ₹61,760 | ₹7,265 | ₹58,120 | ₹108.00 |
| 17/Oct/2024 | ₹7,715 | ₹61,720 | ₹7,260 | ₹58,080 | ₹107.00 |
| 16/Oct/2024 | ₹7,705 | ₹61,640 | ₹7,250 | ₹58,000 | ₹106.00 |
| 15/Oct/2024 | ₹7,695 | ₹61,560 | ₹7,240 | ₹57,920 | ₹106.00 |
| 14/Oct/2024 | ₹7,685 | ₹61,480 | ₹7,230 | ₹57,840 | ₹105.00 |
| 13/Oct/2024 | ₹7,675 | ₹61,400 | ₹7,220 | ₹57,760 | ₹105.00 |
Factors Affecting Gold Rate in Chennai
- State and local taxes impact the final rate.
- Transportation costs incurred by jewelers are reflected in the price.
- Additional charges like making charges.
Gold rates fluctuate based on international trends, changes in the USD-INR exchange rate, and local market conditions. Seasonal factors like festivals, monsoons, and harvest seasons also influence prices.
Buying Gold in Chennai: Investment vs. Jewelry
Gold as an Investment:
Gold is considered a hedge against inflation and an excellent long-term investment option. It is important to check today’s gold rate in Chennai before making a purchase.
Gold Coins:
Many banks and private sellers offer certified gold coins. While purity is assured, buyback policies may vary. Compare options carefully.
22K vs. 24K Gold:
- 24 Karat Gold: 99.9% pure, often used in coins and bars but too soft for jewelry.
- 22 Karat Gold: A mix of gold (92%) and metals like copper or silver, making it ideal for crafting durable jewelry.
Tips to Get the Best Gold Rate in Chennai
- Monitor Rates: Check reliable sources like Live Chennai for daily price updates.
- Compare: Always compare prices across jewelers to avoid overpaying.
- Hallmarked Jewelry: Ensure the jewelry is hallmarked for quality assurance.
- Avoid Studded Pieces: When buying for investment, plain gold jewelry offers better resale value than studded pieces.
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