Today Gold Rate in Chennai: Chennai is one of the top metropolitan cities in India with a staggering demand of gold. Gold is one of the lucrative investment options, Gold is one of the most important commodities in South India, especially in Chennai, Tamil Nadu. People always want to know what is the current gold rate in Chennai today. When we talk about gold trade, gold rate in Chennai ranks higher than all other cities in India. MoneyTells provides the current gold rate in Chennai and all other cities of India.
In this post you will find answers for Gold Rate in Chennai, Today Gold Rate in Chennai GRT, Today Gold Rate in Chennai 916 and 22 Carat Gold Rate in Chennai Today.
What is the Current Gold Rate in Chennai?
Gold Rate in Chennai 6 May 2022
Rs. 4864 Per Gram
Today Gold Rate in Chennai 06.05.2022
Compare 22K & 24K Gold Rate In Chennai (Today & Yesterday)
|Standard Gold (22 K) ( 1 gram )||₹ 4,864||₹ 4,810||₹ 54 ↑|
|Standard Gold (22 K) ( 8 grams )||₹ 38,912||₹ 38,480||₹ 432 ↑|
|Pure Gold (24 K) ( 1 gram )||₹ 5,107||₹ 5,051||₹ 56 ↑|
|Pure Gold (24 K) ( 8 grams )||₹ 40,856||₹ 40,408||₹ 448 ↑|
Daily Gold Rates in Chennai
|Date||Standard Gold (22 K)||Pure Gold (24 K)|
|1 gram||8 grams||1 gram||8 grams|
|05 May 2022||₹ 4,864||₹ 38,912||₹ 5,107||₹ 40,856|
|04 May 2022||₹ 4,810||₹ 38,480||₹ 5,051||₹ 40,408|
|03 May 2022||₹ 4,841||₹ 38,728||₹ 5,083||₹ 40,664|
|02 May 2022||₹ 4,855||₹ 38,840||₹ 5,098||₹ 40,784|
|01 May 2022||₹ 4,903||₹ 39,224||₹ 5,148||₹ 41,184|
|30 Apr 2022||₹ 4,903||₹ 39,224||₹ 5,148||₹ 41,184|
|29 Apr 2022||₹ 4,884||₹ 39,072||₹ 5,128||₹ 41,024|
|28 Apr 2022||₹ 4,837||₹ 38,696||₹ 5,079||₹ 40,632|
|27 Apr 2022||₹ 4,879||₹ 39,032||₹ 5,123||₹ 40,984|
|26 Apr 2022||₹ 4,881||₹ 39,048||₹ 5,125||₹ 41,000|
In this page, you will find today gold rate in Chennai GRT, today gold rate in Chennai 916 kdm and gold rate in Chennai today per gram. The demand for gold in Chennai has been rising day by day. However, the gold biscuits and gold coins demand are less than the jewellery in Chennai. Money Tells provides you the Gold price today in Chennai of 916 KDM hallmark gold in 22 Carat and 24 Carat gold.
You can find legitimate gold rate in Chennai in different forms like gold rate per gram, gold rate per 8 grams and Gold rate comparison between previous day and today.
Things to follow before buying Gold in Chennai.
In India, Chennai is one the most sought-after places to purchase gold. If you would like to know gold rate today in Chennai then you would need to know some important information on buying gold in Tirupathi.
Gold Rate in Chennai
MoneyTells provide you accurate gold rate in Chennai.
Today Gold Rate in Chennai GRT
GRT is one of the popular Jewellers in Chennai and all around India. We provide accurate gold price in GRT and all other jewellers.
Today Gold Rate in Chennai 916
You will find accurate today gold rate in Chennai for 916 and 22 Carat.
916/ 22K Gold Rate in Chennai
Be aware of Gold Price Charges at Chennai.
Leading jewellers and local gold jewellers in Chennai always quote a higher price by the karat.
For instance, the prevailing rate of gold was Rs 3000 per gram for 24K gold. So, if you are buying a 22K gold ring the price per gm you must pay is 22K / 24K*3000 = 2750.
However, they always charge you higher about 5-8 percent as most customers do not question. Most of the customers don’t exactly know how it must be calculated. So this is the secret and they end up making a good profit on the prevailing gold rate.
Paying for everything by the price of gold:
People used to buy Gold designs with pearls, colored stones, artificial diamonds and more. So people pay money by the price of gold for all these non-gold things. Customers failed to ask the jewellers to deduct their weight form the gold items.
Why buy Hallmarked Jewellery in Chennai?
Previously, all jewellers in Chennai and all around the world charged you for 22K. However, it used to be around 18K. As the Government put more efforts to reduce this. We strongly suggest buying only Hallmark Jewellery.
Gold Making Charges in Chennai
It’s very common that the Jewelers charge you around Rs 400 – 500 per gram as gold making charge generally. This is somewhat 15-20 percent of the gold price charged. However, these charges for them are as low as Rs.200 per gram in reality.
White, Rose and Yellow Golds are priced the same
All jewellers demand a huge price for rose gold and white gold making in India. However, this should not happen as it turns out they just have to mix a few materials or alloys to get a specific gold colour. Hence, you never pay more whatever the colour of your gold.
Also Read: Mizoram Lottery Result Today
FAQs on Gold rate in Chennai
Does the price of gold in Chennai be the same as the price of gold in other Indian or Andra Pradesh cities?
The rate of gold in Chennai city should be the same when compared to the price in other cities in Andhra Pradesh state.
However, if you compare the price of gold in Madurai to the price in other cities in India then the price is likely to be different. There are many factors on the difference in the gold rate such as the demand for gold in the city.
Will FD (fixed deposit) interest rates play an important role in affecting the prices of gold in Chennai?
Yes, FD or fixed deposit interest rates will play a major role in impacting the prices of gold in Chennai city.
How to check whether the gold that I have purchased is real?
The easiest way to check and verify the authenticity of your purchased gold is to conduct the float test. Take a bowl and put the gold ornament in the cold water.
If your gold sinks to the bottom of the bowl then it is real gold. Because, the precious metal’s density is high, otherwise it is fake or a plated gold ornament.
The other easiest way to check the gold is, by taking your gold ornament and bringing it close to a magnet. If the gold sticks to the magnet then it is 100% fake gold.
Real gold will not stick to the magnet.
Why does the gold price vary from place to place?
There are several factors that are impacting the gold rate. Those are, high demand for the yellow metal and comparatively low supply, policies and tariffs imposed by local governments, transportation expenses, etc.
These are the primary reasons that gold price varies from place to place
What factors should you think about before investing in gold?
Before investing in gold,k there are some things to be noted. Those are rate of interest, performance of both domestic and global market performance, government policy with regards to purchasing of gold, cost of 10 grams of 24-karat and 22-karat and more.
What are the elements to determine Gold rate in Chennai?
There are many factors that decide gold prices in Chennai. Those are,
- Local Taxes
- State Government Taxes
- Transportation Taxes
- Additional Taxes incurred by local Jewelleries in Chennai.
- Monsoon and Harvest Season.
Gold Investment in Chennai
Many people in Chennai purchase Gold as a form of investment. Experts say that Gold has consistently been breaking the inflation for years. So they advise the customers not to get too much involved in gold buying in the short-term.
How to buy Gold coins in Chennai?
There are lots of gold sellers (private) and private banks (including SBI) that sell Gold Coins in Chennai. This tends to reduce the likelihood of fraudulence in Gold buying. The Gold coins are available in different sizes in Chennai. The gold coin sizes start from 2 grams to 50 grams.
If you like to buy Gold coins then you might consider the purity of the coins. There is no guarantee in buying back the Gold coins. This is the primary reason for the people to buy the Gold jewelleries rather than gold coins. Moreover, buyers need to pay an extra amount towards the premium for buying gold coins from banks.
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Disclaimer: MoneyTells provides the gold rates obtained from sources believed to be reliable. However, we do not guarantee their accuracy. Our gold price data are provided without warranty or claim of reliability. It is accepted by the site visitors or viewers on the condition that errors or omissions shall not be made the basis for any claim, cause for action or demand. The material on this website has no regard to the specific investment objectives, particular needs of any visitor or financial situation. References made to 3rd parties are based on rates and information obtained from various sources believed to be reliable but are not guaranteed as being accurate. Visitors should not regard it as a substitute for the exercise of their own judgement. We always suggest our visitors to cross-check gold rate in Chennai by visiting the nearby Jewellery.