Gold Rate in Chennai Today (Feb 17, 2023): Live Gold Price in Chennai

In this article, you will find out Live Gold Rate in Chennai Today (Feb 17, 2023) and for any investor, it is important to know Gold Price in Chennai if he or she is investing in the commodity.

The information will provide in this article can help you construct your analysis of gold prices in the city.

Gold is known to everyone whether they invest in it or purchase as ornaments or even if they do nothing of these two.

In India, gold is kind of a metric of your status and success, though this concept and thinking are changing with time it is still regarded as one of the safest assets to invest in especially during the time of crisis.

We will give you the Live Gold Rate in Chennai as well as historical data for the past six months so that you can analyze the price trend.

Whether there has been a surge in the price or decline, we will talk about it all in the write-up given below.

Compare Live Gold Rate in Chennai with other Cities in India

22 Carat Gold Rate in Chennai Today (Feb 17, 2023)

Also, Check out the Silver Rate in Chennai Today

In this section, you can see a table that has 22 Carat Gold Rate in Chennai Today for different quantities of gold.

This table shows the Live Gold Rate per gram in Chennai 916 as per the current price, it also has the price of the past trading session for comparison.

You can see the change in the price of 22 Carat gold within 24 hours just by looking at this table.

The performance of the 22 Carat gold is prominently mentioned so that you can have a clearer idea about its change in absolute and percentage terms.

24 Carat Gold Price in Chennai Today (Feb 17, 2023)

In this section, you will read about the 24 Carat Gold Rate in Chennai. As you can see in the table above, the Pure Gold Price in Chennai per gram is given.

The table also showcases the performance of the gold for the previous day and the present day.

It has the change in absolute terms mentioned in it and also you can check the change percentage for all the quantities provided in the table.

Tomorrow Gold Rate Prediction or Forecast in Chennai

Check out Chennai Gold Prediction for Tomorrow here –

Check out some amazing Gold Calculators

Gold Price in Chennai for Last 15 Days

This section has all the Gold Price in Chennai in the last 15 days and you can get a complete list of these prices just by looking at this table.

As you can see in the table that there are prices for both 22 Carat gold and also for the purest gold to date which is 24 Carat Gold.

You can compare the price changes and also understand the trend of the price of the gold as you get all fifteen days of information in one place.

Graph of Gold Rate in Chennai

A graphical representation of Gold Price in Chennai is given in this section which can help you understand the trend, the price movement of the Gold Rate in Chennai easily.

If you are a technical analyst or a trader, then it can be highly beneficial for your analysis purpose. The graphical representation is anytime great to understand and observe price movements.

The graph provides historical gold price in Chennai, Here is the opportunity to check Future Gold Rate aswell.

Check out Gold Rates in Nearby Cities

Gold Price in Chennai – Past 12 Months Price

In the sub-sections below we will mention the details about the Gold Rate in Chennai for the past 12 months.

You can find the prices, change, performance, and other details of both 24 Carat and 22 Carat gold in the next six sections for the past 12 months starting from February 2022.

January 2023, Gold Price in Chennai

In this section, you will find the Gold Price in Chennai for January 2023. The section has a table as you can see and the details are discussed below.

• As you can see in the table above which has the prices of both the gold – 22 Carat and 24 Carat at a particular interval of one week.
• The rate of 22 ct. gold fluctuated throughout the month but without any huge surge or dip in the price. For the 24 ct. gold, in the first week, it took a dip and thereafter it was rising till the third week and further again it started increasing in the last week of january.
• The highest and the lowest price for 22-carat gold was Rs.5380 and Rs.5130 which shows a gap of exactly Rs. 250 which is feasible and suggests that the gold price didn’t jump or fall that much.
• The performance metric shows an increase in the overall percentage for the 22 Carat gold for January and the price went down by 4.05%.
• For the 24 Carat gold, similarly, the performance was almost identical with a fall of 4.06%.
• The highest and the lowest price for 24 Carat gold was Rs.5869 and Rs.5596 which shows a medium difference and not huge fluctuation in the price of the purest form of gold for this month.

Gold Rate in Chennai for December 2022

Gold Rates have been subjected to modifications from the very beginning. Because of this particular reason, clients have always been ecstatic to figure out if at all this would benefit them in the long run.

Our researchers have thus formulated a whole different chart with particular sections.

• The sections all refer to the change in prices of gold and how it has affected the regulation of a specific month.
• The table shows a rundown of every slight modification taking place in the price of gold for December in Chennai.
• Having noted that down, the enormous price hike has been noted down to reach Rs.5130 and Rs.5596 for 22 and 24-carat gold categories.
• Coming to the lowest price amalgamation, it has been recorded at a distinguished Rs.4955 and Rs.5405 for the separated categories of gold.
• The percentage shift noted at the end of a month has been a nudging of 3.53% and 3.53%  for both categories in a run.

Gold Rate in Chennai for November 2022

We, as a bidding firm, want to make the most out of the trust and faith we are entrusted with.

Having said that, our researchers have created a full-blown table after having carefully examined the price diversifications over the entire month of November in Chennai.

Our client base can look at it to be enlightened regarding whatever changes have occurred.

• Being considerate about the varying needs of our clients, we have prepared a table which indicates every change having taken place this entire month.
• The table consists of price changes, be it a stoop degradation or a massive high, all of it has been recorded for the sake of our customers.
• Performance recorded, at the end of November, has been evaluated to have a 4.36% and 4.36% change for both 22 carats as well as 24 carat gold categories.
• The highest noted price interval has been Rs.4960 and Rs.5411 for the gold categories.
• Ending the proliferation with the lowest shift in price, they were a notable change of Rs.4706 and Rs.5134.

Gold Price in Chennai for October 2022

We are exactly referring to the technical analysis here, where you compare the Gold Rate in Chennai from the past and see how the future prices may unfold.

So, this section particularly is dedicated to October from the year 2021 and we have all the major peaks in prices information.

• View the changes which occurred all along October as per the provided table, for both 22 carats and 24 carat gold.
• We have taken on the part where the commutation is done regarding the change and it was 0.53% and 0.55%.
• On the other note, the highest price level for the month was Rs.4840 and Rs.5280 for both categories.
• Rs. 4665 and Rs.5090 were the lowest recorded price levels.
• Taking the changes into account, they were not as steep as the previous months.

September 2022, Gold Price in Chennai

We have all the information recorded from the past, so you can study the Gold Rate in Chennai anytime.

We have kept the data easily accessible for every kind of investor, i.e. beginner, intermediary, and also an expert. The rates laid down here will equally help everyone.

• We tried to make your research process easy through this section, which contains data of 22 and 24 carat gold.
• Let us get through the percentage change of the metal for the month, which is the most important thing to consider and it was -0.28% and -0.27% respectively.
• As you can see, it was nothing but a decline in the price. After months of rising prices, the metal has declined in value in a small percentage.
• Stating the next important detail of the metal, it was the highest point which the metal touched, as it was recorded as Rs.4768 and Rs.5201
• The lowest price point similarly touched by the metal was Rs.4610 and Rs.5015.

August 2022, Gold Rate in Chennai

It is time we move ahead and study the Gold Rate in Chennai from August. This section provides all the needful data to you, which is a major step to research and strategy formulation.

If you want to have your investment sorted, you can refer to the data and draw the necessary strategies.

• Refer to the table given above, which features the highest and the lowest price points of 22 carat gold along with 24 carat gold.
• Time to discuss the opening price and closing price closely, which shows how the price of the metal ranged. Metal’s price was rather high at the beginning of the month, which then led to a downfall towards the end of the month.
• We must further on, discuss the change in the price level of the metal which is expressed in percentage. The change you can notice is -0.86% and -0.84% for 22 carat gold and 24 carat gold respectively. This was a noticeable change in the price levels.
• Next, we must be discussing the highest price of the metal, which was Rs.4914 and Rs.5361 for both the categories of gold.
• Now, the point of discussion is the lowest price of the metal, which stood at Rs.4754 and Rs.5186

July 2022, Gold Rate in Chennai

With the right data in hand, we have constructed this section to provide you with an idea of the Gold Price in Chennai per gram for July.

The recent price trends are all mentioned in this section, providing you with an idea of how gold prices fluctuated in the month.

• The table you see in this section gives the idea of the price level of the metal gold. You can see the highest and the lowest price level as per happenings of the month.
• As per the data given in the table, we can see that the change in the price levels was massive, which is barely seen.
• Mentioning the exact figures we have the information of the change in price for both the category gold. For the 22 carat gold, the percentage was 0.63%, whereas it was 0.63% for the 24 carat gold.
• Now, the commutation of change was done based on the highest and the lowest price level of 22 carat gold, which stood at Rs.4815 and Rs.4626.
• In an exact manner, as it was commuted for 22 carat gold, a change in 24 carat gold was discovered using the highest price of Rs.5253 and the lowest price of Rs.5047

June 2022, Gold Price in Chennai

The best way to understand the trends of the Gold Rate in Chennai per gram is tabular representation. So, here is the data for June, provided in the table.

Check out the related stats, followed by the explanation.

• For the ease of study, we have the rates of major timelines of the month, i.e. the first day from each week. You will encounter both the category price frequencies.
• Frequency of change as encountered across the entire month was -1.20% and -1.20%.
• We can see that the change was commuted on account of the highest price and the lowest price and showed a noticeable change.
• Highest recorded price was Rs.4843 and Rs.5283.
• Lowest recorded price on the other end was Rs.4683 and Rs.5109

May 2022, Gold Price in Chennai

In this section, you will find detailed information about the Gold Rates in Chennai for May.

If you are a trader, then you must track the gold price for every day and every month, and here are the details for May for both 22 Ct. and 24 Ct. Gold.

• The performance of 22 Carat gold, as well as the 24 Carat gold, has developed this month. Both types of gold have gained 4.94% and 4.93% and that is a good sign for the investors and traders.
• For the whole month, the price has decreased mostly as you can see in the table. The table has prices for both the gold for each of the weeks and thus you can understand from the given prices that it has decreased during the time.
• The highest price for the 22-carat gold was Rs.4902 while the lowest was Rs.4728 and this shows that there was not much fluctuation in the price for May and the prices were decreasing at their own pace.
• Similarly, for the 24 Carat gold, the highest and the lowest prices are Rs.5348 and Rs.5158 respectively. However, here you can see a little bit of fluctuation on the higher side in the price of the commodity.
• For the 22 Carat gold and 24 Carat gold, the price decreased gradually over the whole month.

April 2022, Gold Rate in Chennai

For April which marks the starting of the financial year, the Gold Rate Movement in Chennai is given in the section and the table above.

• The prices are given with an interval of one week as you can see in the table. It starts at the beginning of the month and ends on the 30^th of April. As you can see the prices for both types of gold are given over here.
• The 22 Carat gold price in Chennai increased in the starting few weeks of April and then dropped by the end of the month.
• For the 24 Carat gold, we see a sudden jump in the prices at the beginning of the month i.e. 1^st and 2^nd week, and then it decreased after the third week and till last week of the month.
• The performance of both carats was average while the 22 Carat gold increased by 1.43% while the 24 Carat gold increased by 1.44%.
• The highest and lowest prices of 22 Carat gold are Rs. 5047 and Rs. 4803 which shows a wide difference and depicts the fluctuation in the price for this month.
• Similarly, for the 24 Carat gold, the fluctuation was higher as the highest price was Rs. 5506 and the lowest was Rs. 5240 only.

March 2022, Gold Rate in Chennai

Gold Price Movement in Chennai for March is given in this section.

This month of 2022 marked the beginning of the pandemic situation we are in at right present and thus the prices were a little bit fluctuating and you can understand the same looking at the table above and the details are given below –

• The price of 22-carat gold rises in the 2nd week of the month as you can see from the table above and then fluctuated either way for the rest of the month.
• Similarly, for the 24 Carat gold, the prices in the city of Chennai initially increased in the 2nd week of March and then started fluctuation up and down.
• The overall performance of both the gold types in the city of Chennai was average. Both types of gold increased by 0.10% and 0.11% this month.
• The highest and the lowest prices of 22 Carat gold recorded in this month were Rs.5071 and Rs.4781 which shows a gap of almost Rs. 290 and that depicts there was a noticeable fluctuation in the price for this month.
• For the 24 Carat gold, the price was also fluctuating as depicted by its highest Rs.5532 and lowest price of Rs.5216.

February 2022, Gold Price in Chennai

The table and the details given here are for Gold Rate in Chennai per gram for February 2022.

You will get all the details about the gold prices of both 22 carats and 24 carat gold in this section for the given month –

• The 22 Carat Gold Rate in Chennai fluctuated throughout February as you can understand looking at the table given above. The price went up throughout the month.
• The highest and the lowest price achieved by this gold were Rs. 4951 and Rs. 4514.
• For the 24 Carat gold, the highest price was Rs. 5401 and the lowest was Rs. 4924 which also depicts an average fluctuation.
• The price of 24 Carat gold increased significantly across all weeks of the month.
• The performance of the 22 carat and 24 carat gold was around 5.89% and 5.86% respectively.

Gold Rate in Chennai – Trend in 2020

Gold rate varies on various factors and one of the crucial of all is the economic situation or a global cue.

This year marked a place for itself in world history with the never seen COVID-19 crisis and the Indian economy which was already in turmoil in the pre-COVID period almost got destroyed during this crisis.

Due to this crisis, both investors and traders are looking for safe means of investment or a haven that is undoubtedly gold for many.

This is why the gold prices fluctuated a lot this year and also economists and eminent financial analysts are predicting that the gold prices can even touch new highs this year due to high demand.

This Trend also predicts the same as the economy completely succumbs and Chennai is one of the top cities where this crisis hit hard so investors are converting their investments into gold which is spiking up the gold prices.

Gold Rate in Chennai – Trend in 2019

Gold Rate Trend 2019 in Chennai was pretty normal at the beginning of the year but towards the second half of the year, it started to surge owing to the RBI’s change in the monetary policies and also the addition is made in the gold reserve of the country.

However, the prices of gold increased throughout the year but there was no drastic change at the starting of the year.

Another one of the major reasons behind this continuous surge was the average performance of the stock market which was witnessed in the year 2019.

Historical Gold Rate in Chennai shows an increasing graph for the year 2019.

Factors Affecting Gold Price in Chennai

Here are various factors which affect the gold price in Chennai to increase or decrease –

What makes Gold Rates in Chennai increase?

If you check the Gold Rate in Chennai as of today, you will see at least a bit of shift or change from yesterday’s price.

This is called the increase or decrease in the price and the reasons behind an increase or surge in the price of the gold can be tagged to the following reasons –

• Uncertainty or a time of crisis, be it medical or financial or an economic crisis or anything can increase the price of the gold immediately which is happening this year. This factor is spiking the price of gold as this commodity is regarded as one of the most valuable and safe investment options in times of crisis as COVID-19.
• The next point we will discuss is inflation. Inflation means the rise in prices of commodities and services in the economy in general and gold falls under the same. So, if inflation is rising in an economy, then the prices of gold will also increase but not drastically.
• Then comes the factors which are in control of the government and the financial regulator of our country that is RBI. If they make any policies that favor the gold investors or take away any favoring situation for the other investors who invest in other asset classes, then the prices of gold may increase.
• Finally, the most important point for the increase in the price of gold is its demand. The prices of gold generally increase during the wedding season and festivals. So, the high demand increases the price during this time and in any situation when the demand is more than the supply.

What makes Gold Prices in Chennai decrease?

If you are looking for the reasons for the decrease in Today Gold Price in Chennai per gram, then here are the most relevant reasons –

• The Gold Price in Chennai can decrease because of the increase in supply. If the supply increases more than the demand for the commodity the prices are bound to fall.
• The next is import duty if it is increased by the government, then the prices can fall because of the decrease in demand for the commodity.
• Then comes one of the most important reasons behind the decrease in gold prices and that is the interest rate. If the interest rate on financial assets – FD, Bonds, and others increases then the gold prices will fall because the investors will want to earn those extra interests and divest in the gold and thus the prices will fall.
• Finally, gold prices are dependent on the international market. The value of the currency in our country improves then the price of gold can go down.

Why do Central Bank Policies impacts Gold Rates in Chennai?

The Gold Rate in Chennai is highly dependent on the policies made by the Central government and RBI.

It is because the value of the gold is derived based on various factors as we discussed in the above two sections.

So, if the monetary policies are changed then the gold prices get affected directly or indirectly.

The gold reserve of RBI if increased or decreased, then the prices of gold get affected, and also the price of the currency decides the price of the gold.

Why Gold Price in Chennai is different from other cities?

Gold Price in Chennai can be different from the other cities owing to the following factors and components –

Making Charges: The making charges vary from one city to another and also differ from one jeweler to another.

So, if you are buying and making a gold ornament in Chennai, and in any other city, the prices can vary.

Transportation Cost: The transportation charges for transporting the gold (importing) can change the price of the commodity.

If the transportation charges are high, then the price will increase and vice versa.

What is Gold Rate in Chennai 916 Hallmark gold?

Gold Rate in Chennai for 916 hallmark gold is the price you saw above for the 22 Carat gold in the city.

It is the same gold quality that is referred to as 916 hallmark gold. The hallmark is the metric for purity and the percentage of purity of gold in the 22 Carat gold is 91.6%.

This means the alloy of this gold type has this amount of pure gold in it and remaining other metal to make it stronger. Hallmark gold is best known for use as you get the assurance of quality.

How much is the Tax Levy on Gold Rate in Chennai?

The Tax on Gold Rate in Chennai includes –

• 5% GST or Goods and Services Tax which is a levy on the gold jewellery or to be specific on the making charges.
• If you buy raw gold then a GST of 3% will be imposed on the same.

Things to know before Buying Gold in Chennai

Few things to check before buying gold in Chennai:

Gold Weight: There are chances that stones like emerald are added to the jewelry. Do check whether they are included in the final price or not.

Carat: It’s a parameter of purity for gold. It can be 24k, 22k, 18k and 14k. The buyer has to have a view about purity while buying.

Sale Nuances: Chennai is known for its festivities. During this period, the gold price tends to be high and reverts to normal within a few days. Do plan your purchase accordingly.

Places to buy Gold in Chennai

Chennai city is one of the places to buy out beautiful and versatile gold temple jewelry; let’s have a look at some of the places to buy gold in Chennai:

N Gopaldas Jewellers: One of the trusted and leading jewelry stores in Chennai. They offer an exquisite collection of gold jewelry. Users can browse online and can shop from their showroom in Chennai.

GRT Jewellers: They are one of the top jewelry stores in Chennai, offering an extensive collection of gold jewelry created by the country’s finest artisans.

Kamadhenu Jewellers: Located at Veerappan street, the shop is best known for its temple design gold jewelry.

Gold Rate in Chennai – Conclusion

In times like this, when nothing is certain, gold can be a rescuer for many investors. We hope you have found all the details regarding the Gold Rate in Chennai in this article.

Today Gold Rate in Chennai can vary from the previous day as we discussed above and thus, you need to keep an eye regularly and this page will give the details of gold prices every day.

FAQs on Gold Rate in Chennai Today

Here are various FAQs on Today Gold Price in Chennai –

How to check Today’s Gold Rate in Chennai?

This is the very first consideration we have, and hence we have prioritized the date for you and placed it on top of the article.

The first 2 tables you see are related to today’s Gold Rate in Chennai. The first table is of the 22 carat gold, whereas the 2^nd table is of the 24 carat gold.

Where to Find Gold Rate in Chennai?

This entire article is a setup to provide you with the gold price or rate from across different time frames and intervals.

As you can see, we put together a collection of charts and tables, which provide you the information of how the gold price ranged from across a lot of time.

Is this Live Gold Price in Chennai?

Yes, we have specifically constructed a table on top of the article to provide you with the live gold price in Chennai.

We make all the major updates every day, to ensure that you can have access to the right figures about 22 and 24 carat gold.

Can I find last month’s Gold Price here?

Yes, we have made the article in a manner that is easy to read and also informative.

If you are looking for the data of a specific month, you will find the same in the section – Gold rate from the past 6 months.

You can see the last month’s data and also the data of previous months.

Where to find the 22 Carat Gold Rate in Chennai?

If you are specifically in search of the 22 carat gold rates, you need to look out for the table which states it.

We have ensured to provide the headers and illustrations clear for our readers, and if you see a combined table, you must check for the relatable column.

Is the Gold Rate in Chennai Update?

Yes, we have made the article most simple, with the assistance of tables.

The tables are updated daily, where you can see the up-to-date price change of the metal, the exact figures and also the percentage of change which happened.

Will I find Gold Rate Forecast here?

If you have plans to follow technical analysis to come up with a form of investment strategy, this article will contribute to you in the right manner.

You can see how the price movement has been in the past few months, and the chart provides the details of the past few years.

Can I use Gold Investment Calculator?

Yes, the calculator is provided to fulfill the needs of every individual who wishes to know the wealth they created via any kind of investment in gold.

To determine the profit or loss you made, enter the following details and press the button to calculate net worth – city or state, Carat gold, invested amount and, time of investment.

Can I calculate Chennai Gold Price in Tola?

We understand your concern, and we provide the same facility to you, the Gold Rate Calculator.

The calculator shows the price of Gold in Tola, and not only this particular metric but, the calculator has a bunch of other metrics as well.

You will find the redirecting link to the calculator from this article itself.

What is 24 Carat Gold in Chennai?

Investing in 24 carat gold is a bit more expensive than 22 carat gold.

You can see the same in the rates provided, and the reason for the surge is that 24 carat gold is generally in the purest form, on the contrary to 22 carat gold which contains filler.

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