Chennai Gold Prices Rise Marginally; 22K Gold Reaches ₹12,800 per Gram
CHENNAI, Tamil Nadu | 3 November 2026
Gold prices in Chennai recorded a modest increase on Tuesday, with both 22-karat and 24-karat gold rates edging higher compared to the previous trading session. The precious metal continues to attract interest from investors, jewellery buyers, and households across Tamil Nadu amid ongoing fluctuations in domestic and international bullion markets.
According to market data, the price of 22-karat gold in Chennai stood at ₹12,800 per gram, while 24-karat gold was priced at ₹13,964 per gram. The 22K rate increased by ₹25 per gram, and the 24K rate rose by ₹27 per gram from the previous day.
Gold Rate in Chennai Today
| Purity | Per Gram | 8 Grams (1 Sovereign/Pavan) | 10 Grams |
|---|---|---|---|
| 24K Gold | ₹13,964 | ₹1,11,712 | ₹1,39,640 |
| 22K Gold | ₹12,800 | ₹1,02,400 | ₹1,28,000 |
| 18K Gold | ₹10,475 | ₹83,800 | ₹1,04,750 |
Market Trend
Market analysts note that gold prices remain influenced by a combination of international bullion rates, currency exchange movements, central bank policies, inflation concerns, and investment demand. Chennai, one of India’s largest gold consumption centres, often witnesses strong demand driven by weddings, festivals, and long-term household savings.
The latest figures show that the 22K gold rate has risen from ₹12,775 per gram on 2 November to ₹12,800 per gram on 3 November, reflecting a daily gain of approximately 0.2 per cent.
Key Factors Influencing Gold Prices
Financial experts indicate that the following factors currently influence gold prices in India:
- International spot gold prices.
- Indian rupee movement against the US dollar.
- Import duties and government taxation policies.
- Demand from jewellery and investment sectors.
- Global economic and geopolitical developments.
Buying Advisory
Consumers planning to purchase gold jewellery are advised to verify:
- BIS Hallmark certification.
- Karat purity (22K, 24K, or 18K).
- Making charges applied by jewellers.
- Applicable Goods and Services Tax (GST).
Industry data indicates that a 3% GST is levied on gold purchases, while making charges vary depending on the design and retailer. [goldbot.in], [goldkalkulator.com]
Outlook
While short-term movements in gold prices remain uncertain, market observers suggest that gold continues to be viewed as a traditional hedge against inflation and economic uncertainty. Investors and buyers are advised to monitor daily price movements and consult certified bullion dealers or reputed jewellers before making significant purchases. This report does not constitute investment advice.
