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வணக்கம் சென்னை!Vanakkam Chennai!Today's gold rate for Chennai

Wednesday · 4 Nov 2026 · India

Gold rate today in Chennai

Bhavflow’s indicative rate today: 22K gold ₹1,31,318 per 10 g (₹13,132/g), 24K gold ₹1,43,256 per 10 g (₹14,326/g), 18K gold ₹1,07,442 per 10 g (₹10,744/g) and silver ₹1,92,146 per kg. This is one national rate, not a Chennai board rate; jewellers in Chennai may quote slightly different prices.

A little clarity for your day
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The essentials

Today's rates

Chennai · national indicative rate · gold per 10 g (per gram below), silver per kg

Today’s rates · 4 Nov

Gold 22K

916

₹1,31,318/10 g

₹13,132/g

Up +₹3,607+2.82%vs yesterday

Gold 24K

999 fine

₹1,43,256/10 g

₹14,326/g

Up +₹3,935+2.82%vs yesterday

Gold 18K

750

₹1,07,442/10 g

₹10,744/g

Up +₹2,951+2.82%vs yesterday

Silver

999 fine

₹1,92,146/kg

₹1,921/10 g

Up +₹8,574+4.67%vs yesterday

CWJA board rate, 4 Nov 2026, 12:18 pm IST STALE

RateCWJA boardBhavflow
22K gold, per g₹13,100₹13,132
18K gold, per g₹10,735₹10,744
Silver, per g₹210₹192

Source: Chennai Wholesale Jewellers Association (cwja.org.in). Board rate as published by the association. Bhavflow’s rate is its national indicative rate, excluding GST and making charges.

Before you buy: Indicative rate, excludes 3% GST and making charges. How we calculate

Calculate jewellery priceRate × weight + making charge + 3% GST

Gold price by weight

At Bhavflow’s national indicative rate, excluding GST and making charges.

WeightGold 24KGold 22KGold 18K
1 gram₹14,326₹13,132₹10,744
8 grams (1 sovereign / pavan)₹1,14,605₹1,05,055₹85,954
10 grams₹1,43,256₹1,31,318₹1,07,442
100 grams₹14,32,563₹13,13,183₹10,74,423

Why prices in Chennai can differ

Bhavflow publishes one national indicative rate. A Chennai jeweller’s board rate can be slightly higher or lower because of local association or bullion-dealer rates, transport and insurance costs, and the shop’s own margin; making charges and 3% GST come on top.

MJDTA revises its rate in the morning and sometimes again later in the day. Because it is set locally, Chennai’s 22K price can differ from an IBJA-based national figure by a few rupees per gram, sometimes more.

Tamil Nadu jewellers often split their charges into wastage (sedharam, a percentage of the gold weight) and a making charge (seikuli). Add both when you compare shops.

Where to buy gold in Chennai

Chennai buyers usually think in sovereigns (pavan): one sovereign is 8 grams, and shops commonly quote the 22K rate per gram and per sovereign. The Madras Jewellers and Diamond Traders Association (MJDTA) publishes a daily board rate that most local jewellers follow.

T. Nagar (Usman Road, North Usman Road, Pondy Bazaar)
One of India’s largest jewellery retail areas, with big multi-storey showrooms side by side.
Sowcarpet and George Town
The old wholesale and bullion trading area of the city, where MJDTA itself is based.

Buying gold in Chennai: a local guide

Local bullion market

Chennai’s jewellery trade is split between T. Nagar, one of India’s largest jewellery retail areas, with multi-storey showrooms on Usman Road and around Pondy Bazaar, and Sowcarpet and George Town, the old wholesale and bullion district. Buyers think in sovereigns (pavan) of 8 grams, and most shops follow the daily rate published by the Madras Jewellers and Diamond Traders Association (MJDTA).

Hallmarking and purity testing

BIS-recognised Assaying & Hallmarking Centres are located in both Sowcarpet and T. Nagar. Every hallmarked piece shows the BIS logo, the purity (22K916 for most jewellery) and a 6-digit alphanumeric HUID, which you can verify in the BIS CARE app. Any recognised centre will also test a buyer’s jewellery for a fee.

Festivals and wedding season

Akshaya Tritiya is one of the busiest gold-buying days in Tamil Nadu, and demand also rises around Pongal, Deepavali and the Thai month wedding season. Many shops open early and close late on Akshaya Tritiya.

Buying tips

Ask how wastage (sedharam) and making charges (seikuli) are calculated and add both, then add 3% GST. Compare the final price per sovereign across shops, check that the HUID and net weight are printed on the bill, and ask whether old gold is exchanged at the day’s rate minus a deduction, and how much that deduction is.

Before you buy: hallmark, HUID and making charges

  • Check the BIS hallmark on every piece: the BIS logo, the purity grade (for example 22K916 or 18K750) and a 6-digit HUID. Since 1 April 2023, registered jewellers may only sell hallmarked gold jewellery that carries a HUID (small items under 2 g and kundan, polki and jadau pieces are exempt).
  • Verify the HUID in the BIS CARE app (Verify HUID): it shows the purity, the type of article and the jeweller’s registration, which should match your bill.
  • Making charges vary widely. As general guidance, machine-made chains and plain bangles are often in the range of about 3–10% of the gold value, while handcrafted, temple, antique or filigree work commonly runs 12–25% or more; some jewellers charge a flat amount per gram instead. Ask for the charge in writing and compare shops.
  • 3% GST is charged on the jewellery bill. Ask for a GST invoice that lists net weight, purity, rate per gram, making charges, HUID and tax separately.
  • Ask about buyback and exchange terms before you buy: most jewellers pay the day’s rate for the tested purity minus a deduction.

More detail on purity and pricing: 22 carat gold rate and price guide.

Read before you buy gold in Chennai

Gold rate in Chennai: FAQ

How much does one sovereign (pavan) of gold cost?

A sovereign is 8 grams. The table on this page shows the 8-gram price for 24K, 22K and 18K at today’s national indicative rate; a Chennai shop will use the MJDTA 22K rate plus wastage, making and 3% GST.

What is the MJDTA rate?

It is the daily gold and silver rate published by the Madras Jewellers and Diamond Traders Association for Chennai and much of Tamil Nadu. Bhavflow does not reproduce it; Bhavflow shows its own national indicative rate.

Chennai mein sone ka bhav aaj kya hai? (gold rate today in Chennai)

Sone ka bhav aaj, today’s gold rate, is at the top of this page: Bhavflow’s national indicative rate for 22K, 24K and 18K gold per 10 grams and per gram, and chandi ka bhav aaj ka (today’s silver rate) per kg, all excluding GST and making charges. The local association board rate is shown next to it, with its date and a link to the source.

Does Bhavflow show a Chennai-specific gold rate?

No. Bhavflow publishes one national indicative rate, calculated from international prices, and shows it on every city page. Jewellers in Chennai may quote slightly different rates because of local association or bullion-dealer rates, transport and insurance costs and their own margins, and they add making charges and 3% GST.

Gold rate in other cities

Simple numbers. Clear assumptions. 🌿

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