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 ↗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.
Use our free calculator to estimate your gold's value at today's rate, then we connect you to vetted buyers who bid for your gold so you get the best price. We are not a 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.
Estimate today's value with our free calculator, then let us connect you to vetted Chennai buyers who bid for your gold so you are not stuck with one low offer.