May 28, 2024

Gold rate in Chennai Today

10g of 24k gold (99.9%)
73613 0.00
Trade

In Chennai, customers looking to buy gold have a wide range of options to choose from. One popular option is to purchase gold from trusted jewelry houses and established brands that are known for their quality and reputation. Some of the well-known and favorite jewelry brands in Chennai include Vummidi Bangaru Srihari Sons, Mehta Jewellery, G R Thanga Maligai, Prince Jewellery, Nathella Sampathu Chetty Jewellery, Saravana Stores Thanga Nagai Maligai, Bapalal & Co. Jewelry, Lalitha Jewellery, NAC Jewellers, and many others.

These trusted jewelry houses offer customers a range of gold products to choose from, including gold jewelry, coins, and bars. They also provide the added benefit of assurance of the authenticity of the gold and also the purity which is important when buying gold.

It is also worth noting that in addition to buying gold from jewelry shops, customers can also purchase gold through online platforms and bullion dealers. However, it is important to ensure that the dealer is reputable and offers authentic gold products.

Price of Gold 24 karat in Chennai

Today, the price 24 karat gold in Chennai is ₹ , registering a % change from yesterday.

24 karat gold is a type of gold that is made up of 99.9% pure gold. It is the most pure form of gold that is commonly used for jewelry making. It is soft and malleable, making it easy to work with and shape into intricate designs. Because of its purity, 24 karat gold is also the most expensive form of gold. It is also important to note that 24 karat gold is not as durable as other types of gold, such as 18 karat gold, and can be easily scratched or dented.

Price of Gold 22 karat in Chennai

Today, the price 22 karat gold in Bengaluru is ₹ , registering a % change from yesterday.

22 karat gold is a type of gold that is made up of 91.67% pure gold. It is a more durable and harder than 24 karat gold because it is alloyed with other metals such as copper, zinc, nickel, or silver. 22 karat gold is commonly used for jewelry making, particularly in the Indian subcontinent, due to its durability and resistance to wear and tear. It is also less expensive than 24 karat gold because it contains less pure gold. 22 karat gold is also considered as traditional gold and considered auspicious in many cultures and customs.

Factors affecting the price of gold in Chennai

There are several factors that can influence the price of gold in Chennai (or any other location for that matter). Some of the main factors include:

International gold prices: The price of gold on the international market can have a significant impact on the price of gold in Chennai. When international gold prices rise, the price of gold in Chennai tends to rise as well, and when international prices fall, the price in Chennai tends to fall as well.

Currency exchange rate: The exchange rate between the Indian Rupee and the US Dollar can also affect the price of gold in Chennai. If the Rupee weakens against the Dollar, the price of gold in Chennai will rise, and if the Rupee strengthens against the Dollar, the price will fall.

Demand and supply: The demand and supply of gold in the local market can also influence the price of gold in Chennai. If there is a high demand for gold and a limited supply, the price will rise, and if there is low demand and an ample supply, the price will fall.

Local taxes: Import and other local taxes also play a role in determining the price of gold in Chennai.

Economic conditions: Economic conditions in the country also affects the demand and price of gold.

Geopolitical and other global risks also affect the price of gold, as gold is often seen as a safe-haven asset during times of uncertainty.

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Gold Rate in Metro Cities 28 May,2024

    Find Gold Rate in your region

    Gold Rate in Different Cities in India

    • City Name

    • 22 Carat Rate

    • 24 Carat Rate

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    Rate of 24 karat Gold in Bengaluru today

    74045

    Rate of 22 karat Gold in Bengaluru today

    67825

    Rate of 24 karat Gold in Chennai today

    73613

    Rate of 22 karat Gold in Chennai today

    67430

    Price of 24 karat Gold in Delhi today

    73180

    Price of 22 karat Gold in Delhi today

    67034

    Rate of 24 karat Gold in Hyderabad today

    74045

    Rate of 22 karat Gold in Hyderabad today

    67825

    Rate of 24 karat Gold in Kolkata today

    73325

    Rate of 22 karat Gold in Kolkata today

    67166

    Rate of 24 karat Gold in Mumbai today

    74333

    Rate of 22 karat Gold in Mumbai today

    68089

    FAQs about Gold

    How are gold prices determined in ?

    Gold prices in are determined by a number of factors, including the global market price of gold, the cost of production, supply and demand, economic conditions, and currency values

    Why is gold so precious in India?

    Gold is considered a precious metal in India and around the world for a number of reasons: Rarity, Durability, Malleability, use in industry, cultural and historical significance.

    Why do prices of gold and silver differ in different cities of the country?

    The price of gold and silver in different cities in India is influenced by a combination of local and global factors, including transportation costs, local taxes, market conditions, economic conditions, and currency values.

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