Gold Rates Ascend
On Thursday, April 16, 2026, gold prices in Chennai experienced a slight increase, mirroring a broader upward trend across India. This rise was observed
just days before the auspicious occasion of Akshaya Tritiya, a period typically marked by heightened gold purchases. The increase in precious metal values was also influenced by developments in international markets, including expectations of renewed peace talks between the United States and Iran, which often contributes to a surge in gold's appeal as a safe-haven asset. The Indian Bullion and Jewellers Association Ltd (IBJA) reported specific AM retail prices that reflected this market movement. For instance, fine gold, designated as 999 purity, was priced at Rs 15,331 per gram. Similarly, 22-carat gold was trading at Rs 14,963 per gram, while 20-carat gold was available at Rs 13,644 per gram, and 18-carat gold was priced at Rs 12,418 per gram. These figures provide a baseline understanding of the cost of different gold purities as the market navigated the day's trading.
Chennai Jewellers' Pricing
In Chennai, the price of 24-karat gold fluctuated between approximately Rs 15,568 and Rs 15,665 per gram on April 16, 2026. For 22-karat gold, the rates were generally found between Rs 14,260 and Rs 14,360 per gram, according to leading local retailers. For example, GRT Jewellers quoted 24K gold at Rs 15,568 per gram and 22K gold at Rs 14,260 per gram. Vummidi Bangaru Jewellers offered identical rates for these purities. Jeyachandran Gold House presented slightly higher prices, with 24K at Rs 15,665 per gram and 22K at Rs 14,360 per gram. Kota Gold Jewellery also had 24K gold at Rs 15,557 per gram and 22K at Rs 14,260 per gram. Other retailers like Saravana Elite Gold and Diamonds listed 22K gold at Rs 14,255 per gram. Lalitha Jewellery's 22-karat gold price stood at Rs 14,260 per gram, and Swarna Maligai Jewellers offered 22-karat gold at Rs 14,360 per gram. The pricing for 18-karat gold also varied, with GRT Jewellers at Rs 11,676 per gram and Jeyachandran Gold House at Rs 11,749.09 per gram, indicating minor differences across various establishments.
National Gold Trends
Across major Indian cities on April 16, 2026, national gold prices also reflected a steady increase. Major jewellery chains reported consistent pricing for 22-karat gold. For instance, Tanishq, a prominent Tata-group retailer, quoted 22K gold at Rs 14,300 per gram in cities including New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. Their 24-carat gold price was set at Rs 15,600 per gram, showing a slight uptick from its previous day's rate. Kalyan Jewellers followed with a 22K gold price of Rs 14,260 per gram, an increase from Rs 14,240 per gram on April 15, 2026, across the same major urban centers. Malabar Gold & Diamonds also maintained 22K gold at Rs 14,260 per gram. Joyalukkas indicated a similar 22K gold rate of Rs 14,240 per gram, with their 18K gold priced at Rs 11,667 per gram. These consistent rates among national retailers underscore the synchronized movement of gold prices across the country, influenced by broader economic and geopolitical factors.
