Gold Rate Today in Chennai
Jewellery Gold
₹13,987/g
₹1,11,896 · 8g
Pure Gold
₹15,258/g
₹1,22,064 · 8g
Updated today
Price Trend
What You Actually Pay
22K · Adjust weight and making charges
1.00 pavun
Effective rate: ₹16,175/g
Gold Market in Chennai
Gold in Chennai is priced per pavun (8 grams) — the Tamil Nadu convention that has been used for centuries. T. Nagar is the city's main jewellery hub; GRT Jewellers, Malabar Gold, Kalyan Jewellers, and Tanishq are concentrated there alongside hundreds of smaller shops, making it easy to compare prices in one visit. Footfall peaks during Akshaya Tritiya (April/May), Diwali, and the Tamil wedding season (April–June, November–December). For investment gold, nationalised banks like SBI and Indian Bank offer 24K coins at minimal premium. Making charges vary from 8% to 20% and are negotiable — always ask for an itemised bill separating gold value, making charges, and GST.
Frequently Asked Questions
Why is gold priced per 8 grams in Chennai?
In Tamil Nadu, the traditional unit for gold is 'pavun' (பவுன்), which equals 8 grams. This convention has been used for centuries across Tamil Nadu and Kerala. All local jewellers quote rates per pavun, so you'll see prices per 8g at every shop in Chennai. This page shows both per gram and per 8g (1 pavun) so you can use whichever format your jeweller uses.
What making charges should I expect at Chennai jewellers?
Making charges in Chennai range from 8% to 20% of the gold value depending on design complexity and the jeweller. Plain chains and bangles typically attract 8–12%. Intricate bridal or temple jewellery can go up to 18–20%. Making charges are negotiable — compare across at least 2–3 shops in T. Nagar before deciding. Always ask for an itemised bill showing gold value, making charges, and GST separately.
Should I buy 22K or 24K gold in Chennai?
For jewellery, 22K (916 hallmark) is the standard in Chennai — it's durable enough for daily wear and holds its shape well. 24K is too soft for jewellery and is mainly used for coins and bars. For investment, 24K coins from banks or nationalised institutions are the better choice — you only pay a small premium over the gold rate with minimal making charges, and resale is straightforward.
When is the best time to buy gold jewellery in Chennai?
For weddings and occasions, plan your purchase 2–3 months before the Tamil wedding season (April–June or November–December) — shops are less crowded and you have more time to customise. For investment buying, non-festive months (July–September) typically see lower footfall and less premium pressure. Akshaya Tritiya is auspicious but also the busiest single day of the year for Chennai jewellers.