Gold Rate In Chennai & Madurai Today - April 16: Check Prices At GRT, Saravana Stores & Lalitha Jewellery
Gold prices in Chennai and Madurai remained firm on Thursday, April 16, 2026, continuing their upward trajectory amid global uncertainty and sustained domestic demand. The yellow metal is trading near record levels, reflecting both international cues and strong buying interest in the local market.
Gold Rate In Chennai and Madurai Today
As of 11:30 AM (IST) on Bullions website, the price of 24-karat gold stood at ₹15,513 per gram, while 22-carat gold, the most preferred purity for jewellery, is priced at ₹14,220 per gram. The steady rise in prices over the past few sessions has been largely attributed to global economic concerns, currency fluctuations, and safe-haven buying.
AI-generated summary, reviewed by editors
| Purity | 1 Gram (₹) | 10 Gram (₹) | 100 Gram (₹) | 1 Kg (₹) |
|---|---|---|---|---|
| 24K | 15,513 | 155,130 | 1,551,300 | 15,513,000 |
| 22K | 14,220 | 142,203 | 1,422,025 | 14,220,250 |
| 20K | 12,928 | 129,275 | 1,292,750 | 12,927,500 |
| 18K | 11,635 | 116,348 | 1,163,475 | 11,634,750 |
| 14K | 9,049 | 90,493 | 904,925 | 9,049,250 |
Market observers note that gold continues to draw support from global volatility, including fluctuations in crude oil prices and geopolitical tensions. A softer rupee against the US dollar has also pushed domestic prices higher, making imports costlier.
Gold Price In Chennai Jewellery Shops
Major jewellers in Chennai are quoting slightly higher prices compared to the standard market rates, reflecting making charges, local demand, and brand premiums.
GRT Jewellers:
24K: ₹15,568/g
22K: ₹14,260/g
Vummidi Bangaru Jewellers:
24K: ₹15,568/g
22K: ₹14,260/g
Lalitha Jewellery:
22K: ₹14,260/g
Saravana Stores Elite Jewellery:
22K: ₹14,255/g
Swarna Maligai:
22K: ₹14,360/g
The marginal variations across jewellers are typical and depend on logistics, sourcing, and inventory cycles.
Silver Prices In Chennai and Madurai Today
Silver prices have also moved in tandem with gold, witnessing a modest uptick. Industrial demand and global price movements continue to influence the metal.
| Type | 1 Gram (₹) | 10 Gram (₹) | 100 Gram (₹) | 1 Kg (₹) |
|---|---|---|---|---|
| Silver 999 | 256 | 2,555 | 25,552 | 255,520 |
| Silver 925 | 236 | 2,364 | 23,636 | 236,356 |
| Silver 900 | 230 | 2,300 | 22,997 | 229,968 |
| Silver 800 | 204 | 2,044 | 20,442 | 204,416 |
Retail silver rates among leading jewellers in Chennai are hovering around ₹275 per gram, slightly above benchmark prices due to added charges.
What's Driving the Rally?
Analysts point to a combination of international and domestic factors behind the sustained rally in gold prices. Globally, investors are increasingly turning to gold as a hedge against inflation and economic uncertainty. Any signs of easing interest rates by central banks could further boost demand.
On the domestic front, the upcoming wedding season and festive demand are expected to keep prices elevated. However, high price levels may also lead to cautious buying, especially among middle-class consumers.
Going forward, gold prices in Chennai are likely to remain volatile but elevated. Much will depend on global economic signals, US Federal Reserve policy decisions, and currency movements. For investors, gold continues to be seen as a safe asset, while jewellery buyers may look for price corrections before making large purchases.
Despite the high prices, sentiment in Chennai's gold market remains resilient, a testament to the enduring appeal of the precious metal in Indian households.
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