Gold prices in Chennai remained firm today, reflecting steady global cues and sustained local demand. The city, known for its strong appetite for gold—especially
during weddings and festive seasons—continues to see active buying from both jewellers and investors. As per the latest rates, 24-carat gold (999 purity) in Chennai is priced at ₹13,725 per gram, while 22-carat gold, which is widely used for jewellery, is trading at ₹12,581 per gram. Gold prices in Chennai are influenced by a combination of factors, including international bullion prices, movements in the US dollar, import duties, and local demand patterns. Any volatility in global markets or currency fluctuations often gets reflected quickly in domestic prices. Market experts note that with inflation concerns and geopolitical uncertainties persisting globally, gold continues to attract interest as a safe-haven asset. Buyers in Chennai are advised to track daily price movements and consider making purchases during minor corrections, especially if planning for long-term investment or upcoming wedding requirements. Gold prices in Chennai also tend to command a slight premium compared to some other cities due to higher making charges, transportation costs, and consistently strong regional demand. Tamil Nadu remains one of India’s largest gold-consuming states, and even small price movements often influence buying behaviour, with many consumers timing their purchases around auspicious days and festival-related discounts offered by jewellers. Looking ahead, traders expect gold rates in Chennai to remain volatile in the near term, tracking global economic data, central bank policy signals, and geopolitical developments. While short-term fluctuations are likely, analysts believe the broader outlook for gold remains supportive, making it a preferred hedge against uncertainty for both retail buyers and long-term investors.
