About Gold Rates in Chennai
The gold rate in Chennai varies daily based on international market trends, currency exchange rates, and local demand-supply dynamics. Our platform provides real-time updates on 24K, 22K, and 18K gold prices to help you make informed decisions.
Factors Affecting Gold Prices in Chennai
- International gold prices and global market trends
- Currency exchange rates (USD to INR)
- Local demand during festivals and wedding seasons
- Import duties and GST (Goods and Services Tax)
- Making charges and jeweler margins
Gold Purity Explained
24K Gold (99.9% pure): The purest form of gold, ideal for investment purposes. Softer and more expensive than other purities.
22K Gold (91.67% pure): Most popular for jewelry in India. Offers a good balance between purity and durability.
18K Gold (75% pure): Commonly used for modern and designer jewelry. More durable due to higher alloy content.
How to Buy Gold in Chennai
When purchasing gold in Chennai, always verify the current market rate, check for hallmark certification (BIS), ask for detailed invoices including making charges and GST, and compare prices from multiple jewelers. Our gold calculator helps you estimate the total cost including all charges.