Business
oi-Prakash KL
Chennai Gold Rate Today: Gold prices across Chennai jewellery shops on April 22 reflected a stable yet slightly varied trend, with most retailers aligning closely to the state bullion benchmark while a few outlets priced gold at a noticeable premium.
Leading the mid-range segment, GRT Jewellers and Vummidi Bangaru Jewellers quoted identical rates. Both retailers priced 24K gold at ₹15,486 per gram, 22K gold at ₹14,185, and 18K gold at ₹11,614, with silver steady at ₹275 per gram. These rates are closely aligned with the broader market, making them a benchmark for retail buyers.
On April 22, Chennai gold prices saw 22K gold ranging from ₹14,135 to ₹14,250 per gram, with GRT Jewellers and Vummidi Bangaru Jewellers quoting ₹14,185, while silver remained steady at ₹275 per gram across most stores.
A similar pricing pattern was observed at Lalitha Jewellery, which offered 22K gold at ₹14,185 per gram, matching the city’s most common price point. Meanwhile, Saravana Stores Elite Jewellery emerged as one of the most competitive options, quoting 22K gold slightly lower at ₹14,180 and 18K gold at ₹11,610.
At the higher end of the spectrum, Jeyachandran Gold House and Swarna Maligai quoted 22K gold at ₹14,250 per gram. Jeyachandran also recorded the highest 24K rate among the listed retailers at ₹15,545 per gram, while Swarna Maligai stood out with a significantly higher 18K rate of ₹11,880, indicating a premium pricing strategy.
On the lower end, D.A.R Jewellery offered 22K gold at ₹14,135 and 18K gold at ₹11,573, making it one of the most affordable options in the city. Its silver pricing also varied widely, ranging from ₹230 to ₹255 depending on purity, compared to the standard ₹275 seen across most other jewellers.
| Jewellery Store | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) | Silver (₹) |
|---|---|---|---|---|
| GRT Jewellers | 15,486 | 14,185 | 11,614 | 275 |
| Vummidi Bangaru Jewellers | 15,486 | 14,185 | 11,614 | 275 |
| Lalitha Jewellery | – | 14,185 | – | 275 |
| Saravana Stores Elite Jewellery | – | 14,180 | 11,610 | – |
| Jeyachandran Gold House | 15,545 | 14,250 | 11,659 | 275 |
| Swarna Maligai | – | 14,250 | 11,880 | 275 |
| D.A.R Jewellery | – | 14,135 | 11,573 | 230-275 |
| Category | 1 Gram (₹) | 10 Gram (₹) |
|---|---|---|
| 24K Gold | 15,365 | 153,650 |
| 22K Gold | 14,085 | 140,846 |
| 18K Gold | 11,524 | 115,238 |
| Silver (999) | 250 | 2,500 |
Market Insight
Compared to the Tamil Nadu bullion rate of ₹14,085 per gram for 22K gold, Chennai jewellers are charging a premium ranging from ₹50 to ₹165 per gram. The majority of retailers are clustered around ₹14,180-₹14,185, indicating a stable pricing zone, while a few premium outlets push rates higher.
Silver continues to remain steady at ₹275 per gram in most Chennai stores, slightly above the state average of ₹250, reflecting retail-level mark-ups.
Overall, the Chennai gold market remains steady with minimal fluctuations, but the variation between the lowest and highest rates still offers buyers an opportunity to save meaningfully-especially on larger purchases-by comparing prices across jewellers before making a decision.
