Gold Rate In Chennai & Madurai Today - April 17: Check Latest Price At GRT, Saravana Stores, Lalitha Jewellers
Gold Rate In Chennai and Madurai Today: Gold prices in Chennai continued to hover near record-high levels on Friday, reflecting global uncertainty, currency fluctuations, and sustained domestic demand. Despite a slight dip compared to the previous day, prices remain significantly elevated on a yearly basis, underlining gold's continued appeal as a safe-haven investment.
AI-generated summary, reviewed by editors
| Purity | 1 Gram (₹) | 10 Gram (₹) | 100 Gram (₹) |
|---|---|---|---|
| 24 Karat | 15,323 | 1,53,230 | 15,32,300 |
| 22 Karat | 14,046 | 1,40,461 | 14,04,608 |
| 20 Karat | 12,769 | 1,27,692 | 12,76,917 |
| 18 Karat | 11,492 | 1,14,923 | 11,49,225 |
The most traded category in Tamil Nadu-22 Karat gold (used for jewellery)-is priced at ₹14,046 per gram.
| Period | 24K Gold (₹/10g) | Change |
|---|---|---|
| 1 Day Ago | 1,53,670 | -0.29% |
| 1 Week Ago | 1,53,050 | +0.12% |
| 1 Month Ago | 1,53,970 | -0.48% |
| 1 Year Ago | 95,520 | +60.42% |
Gold has surged over 60% year-on-year, driven by geopolitical tensions, inflation fears, and strong investor demand. Short-term movements, however, remain volatile.
Gold Rates at Leading Jewellery Stores in Tamil Nadu
Interestingly, retail jewellery chains in Chennai quote slightly different rates compared to the standard market price. This variation is due to logistics, hedging strategies, and pricing policies.
| Jewellery Store | 24K (₹) | 22K (₹) | 18K (₹) | Silver (₹) |
|---|---|---|---|---|
| GRT Jewellers | 15,431 | 14,135 | 11,573 | - |
| Vummidi Bangaru Jewellers | 15,431 | 14,135 | 11,573 | 275 |
| Lalitha Jewellery | - | 14,135 | - | 275 |
| Saravana Stores Elite Jewellery | ~15,570* | 14,130 | - | - |
| Jeyachandran Gold House | 15,502 | 14,210 | 11,626 | 275 |
| Swarna Maligai Jewellers | - | 14,210 | 11,860 | 275 |
| D.A.R Jewellery | - | 14,135 | 11,573 | 230-256 |
Why Jewellery Store Prices Differ
Even though the base gold rate is standardised, what you pay at stores varies due to:
Making Charges: Typically 8%-20%, depending on design complexity
Wastage Charges: Especially for intricate ornaments
GST (3%): Applied on gold value + making charges
Brand Premium: Established chains often price slightly higher due to trust and design value
For instance, while the market rate for 22K gold is ₹14,046/g, most leading jewellers are quoting around ₹14,130-₹14,210/g, indicating a premium of ₹80-₹160 per gram.
| Type | 1 Gram (₹) | 1 Kg (₹) |
|---|---|---|
| Silver 999 | 251 | 2,50,860 |
| Silver 925 | 232 | 2,32,046 |
Silver has also seen a strong rally, rising over 162% year-on-year, outperforming gold in percentage terms.
Gold prices in Chennai are currently stable but elevated, with 22K rates hovering above ₹14,000 per gram. While daily fluctuations persist, the broader trend remains bullish. Retail buyers should closely compare rates across major jewellers and factor in additional charges before making purchases.
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