Our indicative 22K and 24K rate for Chennai, updated through the day, with the official source to confirm the exact published figure. We do not set or claim the rate.
Chennai's daily rate is set by the Madras Jewellers and Diamond Merchants Association (MJDMA), the reference for all of Tamil Nadu.
See the Chennai rate ↗Oversold. Selling has been heavy lately, which is often where short bounces begin, though the wider trend can still be soft.
Fear means the market has cooled and the mood is cautious. Sellers get a little less today, but for buyers this is often where value appears. Historically, deep fear sits closer to a floor than a top.
Chennai is one of India's busiest gold markets, with T. Nagar and Usman Road packed with showrooms, and the daily rate set by the Madras Jewellers and Diamond Merchants Association (MJDMA) that the rest of Tamil Nadu follows.
22K (916) is the standard for jewellery here, while 24K is for coins and investment. The number on this page is our indicative estimate; confirm the exact Chennai rate with the association before any purchase or sale.
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Use our free calculator to estimate your gold's value at today's rate, then check that figure against the official source below and against at least two buyers before you sell. We are not a gold buyer and earn nothing from your sale.
The Madras Jewellers and Diamond Merchants Association (MJDMA) sets Chennai's daily rate, which the whole of Tamil Nadu follows, over the national IBJA benchmark.
Yes. 916 means 91.6% pure gold, which is 22 karat, the standard for Indian jewellery. 24K is 99.9% pure, used for coins and bars. Our card shows both so you can compare.
Value your gold at today's rate with our free calculator, then get quotes from at least two Chennai buyers before you accept an offer. The rate is only the starting point. Making charges, purity testing and melting deductions decide what you actually receive, and those vary by shop.
No one can promise tomorrow's exact rate. What we do show, right on this page, is the direction the market is leaning, read from price momentum, the rupee and US dollar trend, and our gold fear and greed gauge, so you can time your buying or selling with a clearer head. It is for education only, not for trading and not a guarantee.
It is a 0 to 100 gauge of market mood for gold, blending price momentum, RSI, where today's price sits in the 12-month range, and recent volatility. A low score means fear (prices have cooled, often where value buyers look); a high score means greed (prices running hot). It updates automatically and is educational, not investment advice.