Business
oi-Prakash KL
Gold prices in Tamil Nadu remained firm on Saturday, reflecting a steady trend across major jewellery retailers, even as minor variations were observed between brands. The latest rates indicate that the yellow metal continues to hold its elevated levels, underlining sustained demand in the domestic market.
Across leading jewellers such as GRT Jewellers and Vummidi Bangaru Jewellers, the price of 24-carat gold stood at ₹15,415 per gram, while 22-carat gold was priced at ₹14,120 per gram. Similarly, 18-carat gold was retailing at ₹11,561 per gram, reflecting consistency across major outlets. Silver prices were largely stable as well, quoted around ₹270 per gram at several stores.
Gold prices in Tamil Nadu held firm on Saturday, with 24-carat gold priced at ₹15,415 and 22-carat at ₹14,120 per gram across leading jewellers like GRT and Vummidi Bangaru, reflecting sustained demand. Silver prices were stable around ₹270 per gram.
Other prominent retailers, including Lalitha Jewellery and Saravana Stores Elite Jewellery, reported comparable rates, with 22-carat gold hovering around ₹14,115-₹14,120 per gram. This uniformity suggests a broadly aligned pricing mechanism influenced by international bullion trends and currency movements.
However, slight deviations were noted at select outlets. For instance, Jeyachandran Gold House quoted 24-carat gold at ₹15,491 per gram and 22-carat gold at ₹14,200 per gram, marginally higher than the market average. Likewise, Swarna Maligai listed 22-carat gold at ₹14,200 per gram, indicating a premium in certain retail segments.
| Jeweller | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) | 14K Gold (₹) |
|---|---|---|---|---|
| GRT Jewellers | 15,415 | 14,120 | 11,561 | 8,991 |
| Vummidi Bangaru Jewellers | 15,415 | 14,120 | 11,561 | – |
| Lalitha Jewellery | – | 14,120 | – | – |
| Saravana Stores Elite Jewellery | – | 14,115 | 11,557 | – |
| Jeyachandran Gold House | 15,491 | 14,200 | 11,618 | – |
| Swarna Maligai | – | 14,200 | 11,850 | – |
| Kota Gold Jewellery | 15,404 | 14,120 | – | – |
| D.A.R Jewellery | – | 14,120 | 11,561 | – |
| Jeweller | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) | 14K Gold (₹) |
|---|---|---|---|---|
| GRT Jewellers | 15,415 | 14,120 | 11,561 | 8,991 |
| Vummidi Bangaru Jewellers | 15,415 | 14,120 | 11,561 | – |
| Lalitha Jewellery | – | 14,120 | – | – |
| Saravana Stores Elite Jewellery | – | 14,115 | 11,557 | – |
| Jeyachandran Gold House | 15,491 | 14,200 | 11,618 | – |
| Swarna Maligai | – | 14,200 | 11,850 | – |
| Kota Gold Jewellery | 15,404 | 14,120 | – | – |
| D.A.R Jewellery | – | 14,120 | 11,561 | – |
Data from Kota Gold Jewellery further reinforced the prevailing trend, with 24-carat gold priced at ₹15,404 per gram and 22-carat gold at ₹14,120 per gram. Bulk pricing also remained in line, with 10 grams of 24-carat gold costing ₹1,54,040 and 22-carat gold at ₹1,41,200.
| Jeweller | Silver Price (₹) |
|---|---|
| Vummidi Bangaru Jewellers | 270 |
| Lalitha Jewellery | 270 |
| Jeyachandran Gold House | 270 |
| Swarna Maligai | 270 |
| D.A.R Jewellery | 227 – 252 |
State-level averages, last updated at 12:30 PM on Saturday, showed 24-carat gold at ₹15,321 per gram and 22-carat gold at ₹14,044 per gram. These figures are slightly lower than retail quotes, as they typically exclude making charges and retailer margins. Meanwhile, 18-carat gold was recorded at ₹11,491 per gram, and 14-carat gold at ₹8,937 per gram.
| Purity | 1 Gram (₹) | 10 Gram (₹) | 100 Gram (₹) |
|---|---|---|---|
| 24K | 15,321 | 1,53,210 | 15,32,100 |
| 22K | 14,044 | 1,40,443 | 14,04,425 |
| 20K | 12,768 | 1,27,675 | 12,76,750 |
| 18K | 11,491 | 1,14,908 | 11,49,075 |
| 16K | 10,214 | 1,02,140 | 10,21,400 |
| 14K | 8,937 | 89,373 | 8,93,725 |
Silver prices, too, remained steady across the board. The average rate for fine silver (999 purity) stood at ₹246 per gram, while sterling silver (925 purity) was priced at ₹228 per gram. Retail prices, however, were marginally higher at around ₹270 per gram in jewellery stores, reflecting added costs.
| Type | 1 Gram (₹) | 10 Gram (₹) | 100 Gram (₹) |
|---|---|---|---|
| Silver 999 Fine | 246 | 2,463 | 24,634 |
| Silver 925 Sterling | 228 | 2,279 | 22,786 |
| Silver 900 Coin | 222 | 2,217 | 22,171 |
| Silver 800 German | 197 | 1,971 | 19,707 |
Market observers note that gold prices continue to be supported by global uncertainties, fluctuating crude oil prices, and currency movements. Additionally, the ongoing wedding season in parts of India has kept demand buoyant, preventing any significant correction in prices.
Overall, today’s gold rates signal stability with a firm undertone. While minor price differences persist between jewellers, the broader trend indicates that gold remains an expensive yet preferred investment and adornment choice for consumers across Tamil Nadu.
