Gold Rate in Chennai Today, July 2, 2026: 24K Gold Climbs to ₹14,618 Per Gram

Mumbai, July 2:Gold prices in Chennai turned higher on Thursday, undoing part of the previous session’s decline. The rate for 24-karat gold has been revised to ₹14,618 per gram, while 22-karat gold is available at ₹13,400 per gram. 18-karat gold is now priced at ₹11,160 per gram.

The revision lifted prices across every major purity category. 24K gold rose by ₹163 per gram, 22K gold gained ₹150, and 18K gold added ₹90 over Wednesday’s levels.

Chennai Gold Rates Today

Prices Ease Higher Across All Purity Categories

After slipping a day earlier, gold prices found their footing in Chennai on Thursday. The change was reflected across 24K, 22K and 18K categories, with each recording a fresh increase.

Retail gold prices are revised daily and often move in response to international bullion prices, currency movements and demand in the domestic market. Even so, the amount quoted by individual jewellers can vary because of making charges, wastage and other pricing components.

Estimated Cost of Buying 10 Grams of 22K Gold

Using the prevailing market rate and assuming 12% making charges along with 3% GST, the estimated purchase cost works out as follows:

The above estimate is based on the benchmark rate and standard assumptions. The final amount payable may differ from one jewellery store to another depending on its pricing policy.

What Drives Gold Prices?

A combination of domestic and global factors shapes daily gold prices, including:

• International bullion prices
• Rupee-US dollar exchange rate
• Import duties and taxation
• Jewellery demand in the domestic market
• Global economic and geopolitical developments

Prices quoted across cities generally move in the same direction, although small differences can arise because of transportation costs, inventory expenses and jeweller-specific charges.

Conclusion

Gold prices in Chennai edged up on July 2, with gains visible across all three commonly traded purity categories. Anyone planning to buy jewellery should treat the benchmark rate as a starting point, since making charges and GST remain key components of the final purchase price.

Source:

• goodreturns.in | Rates as of Thursday, July 2, 2026.