Chennai Gold Rates On May 2: Know IBJA Rates & Check Latest Prices At Jewellery Shops Today

Gold prices across jewellery shops in Tamil Nadu remained firm on Saturday, reflecting a broadly stable trend in the domestic bullion market. Despite minor variations between retailers, the overall sentiment indicates that gold continues to trade at elevated levels, keeping both buyers and jewellers cautious.

Leading retail chains such as GRT Jewellers and Vummidi Bangaru Jewellers quoted identical rates for the day. The price of 24-carat gold stood at ₹15,104 per gram, while 22-carat gold - the most commonly purchased purity for ornaments - was priced at ₹13,835 per gram. Meanwhile, 18-carat gold was available at ₹11,328 per gram, reflecting demand among buyers looking for more affordable options. Silver prices remained steady at ₹270 per gram across most outlets.

At Lalitha Jewellery, the 22-carat gold rate matched the broader market at ₹13,835 per gram, while silver was also aligned at ₹270 per gram. The retailer additionally quoted platinum at ₹7,105 per gram, indicating steady interest in alternative precious metals.

Other prominent retailers showed slight deviations. Saravana Stores Elite Jewellery listed 22-carat gold marginally lower at ₹13,830 per gram, while 18-carat gold was priced at ₹11,324 per gram. Silver continued to hold at ₹270 per gram. In contrast, Jeyachandran Gold House quoted higher rates, with 24-carat gold at ₹15,273 per gram and 22-carat gold at ₹14,000 per gram, suggesting slight regional or inventory-based price adjustments.

Similarly, Swarna Maligai pegged 22-carat gold at ₹14,000 per gram and 18-carat gold at ₹11,680 per gram, both above the prevailing average. Silver, however, remained unchanged at ₹270 per gram, reinforcing the consistency seen in the white metal market.Gold & Silver Rates - Major Jewellery Chains (Per Gram)

In Coimbatore, Kota Gold Jewellery reported 24-carat gold at ₹15,093 per gram and 22-carat gold at ₹13,835 per gram. Bulk rates reflected proportional pricing, with 10 grams of 24-carat gold costing ₹1,50,930. Silver prices in the city showed a slight variation, with the per gram rate at ₹265 - marginally lower than the ₹270 quoted elsewhere.

Meanwhile, D.A.R Jewellery maintained 22-carat gold at ₹13,835 per gram and 18-carat gold at ₹11,328 per gram. Interestingly, its silver pricing varied depending on purity, ranging from ₹228 to ₹253 per gram, offering consumers multiple choices based on quality.

According to the broader market data, the average gold rate in Tamil Nadu stood at ₹15,197 per gram for 24-carat gold and ₹13,931 per gram for 22-carat gold. Silver was priced at ₹2,51,450 per kilogram, indicating stability in the bullion segment.

Overall, while minor price differences persist between jewellers due to factors such as making charges, sourcing and location, the underlying trend remains consistent across Tamil Nadu. With gold prices holding steady at high levels, buyers are likely to remain selective, focusing on necessity-driven purchases rather than large-scale investments in the immediate term.