Gold Rate in Chennai Today: ₹7,130 for 22K and ₹7,778 for 24K Gold

Gold prices in Chennai have seen a slight upward trend today, with rates for both 22 karat (22K) and 24 karat (24K) gold increasing marginally. According to Goodreturns.in, gold demand in Chennai remains steady, with most purchases focused on jewelry rather than gold coins or biscuits.

Gold Rates in Chennai (Per Gram)

Gold Demand in Chennai

Chennai, known for its deep-rooted tradition of purchasing gold, has witnessed steady demand since the start of the year. Gold continues to hold cultural and financial significance, with jewelry purchases dominating the market. There has been comparatively lower demand for gold biscuits and gold coins, indicating a preference for ornaments over investment-grade gold.

Factors Influencing Gold Prices

The price of gold in Chennai is influenced by multiple factors, including:

1. International Gold Rates: Changes in global markets directly impact local prices.
2. Rupee-Dollar Exchange Rates: Fluctuations in currency exchange rates affect import costs.
3. Local Demand: Higher demand during festive and wedding seasons can drive prices up.

Gold prices in Chennai today stand at ₹7,130 per gram for 22K gold and ₹7,778 per gram for 24K gold, with slight increases across all categories. For those planning to purchase gold, monitoring daily trends can help make informed buying decisions.