Gold & Silver Price In Chennai: Rates Steady As Demand Expected to Rise During Wedding Season

Gold prices in Chennai are holding firm across all purities amid stable global cues and muted weekend trading activity.

According to latest update Bullions website, 24-karat gold is priced at ₹14,568 per gram, taking the cost of 10 grams to ₹1,45,680.

The widely purchased 22-karat gold, preferred for jewellery, is trading at ₹13,354 per gram, or ₹1,33,540 for 10 grams. Lower purity variants also reflect a similar trend, with 20-karat gold at ₹12,140 per gram and 18-karat gold at ₹10,926 per gram. Prices further ease for 14-karat and 10-karat gold, which are quoted at ₹8,498 and ₹6,070 per gram respectively.

Market observers note that gold rates in Chennai have been largely range-bound over the past few sessions. With it being a weekend, physical market activity remains subdued, though jewellers expect demand to pick up in the coming weeks with the onset of the wedding season.

Experts say that international gold prices, currency movements, and expectations around interest rates continue to influence domestic bullion rates. A relatively stable rupee and lack of major geopolitical shocks have kept gold from making sharp moves in either direction. However, analysts maintain that the overall outlook for gold remains positive in the medium term, supported by safe-haven demand and central bank buying globally.

Meanwhile, silver prices in Tamil Nadu have also remained steady. Fine silver (999 purity) is currently priced at ₹228 per gram, with 1 kilogram costing ₹2,28,210. Sterling silver (925) is trading at ₹211 per gram, while 900 coin silver is priced at ₹205 per gram. German silver (800 purity) is available at ₹183 per gram.

Silver, often seen as a more volatile counterpart to gold, has been tracking global industrial demand trends along with precious metal cues. Traders indicate that any recovery in global manufacturing activity could lend support to silver prices in the near term.

Retail jewellers in Chennai say that despite high prices, consumer interest remains intact, particularly for lightweight jewellery and investment-grade coins. Many buyers are also opting for systematic purchases to average out costs, rather than making large one-time investments.

With both gold and silver holding firm, market participants are closely watching global economic signals for the next directional move. For now, prices in Chennai remain stable, offering a window for cautious buyers ahead of the festive and wedding-driven demand cycle expected to gather pace soon.