Gold Rate in Chennai Today, August 7, 2026: Gold Holds Firm Above ₹15,000 as Rally Slows

Chennai, August 7: Gold prices in Chennai continued to edge higher on Friday, although the pace of gains slowed considerably after the strong rally witnessed earlier this week. The latest move pushed 24-karat gold just above the ₹15,000-per-gram mark, while 22-karat gold also registered a marginal increase, keeping prices at their highest level so far this month.

According to today’s retail rates, 24-karat gold is priced at ₹15,001 per gram, up ₹1 from Thursday. 22-karat gold has also risen by ₹1 to ₹13,751 per gram, while 18-karat gold is trading at ₹11,566 per gram, also ₹1 higher.

The move may be modest, but it extends gold’s winning streak into a third straight session. After the sharp rebound seen on Wednesday and Thursday, today’s stability suggests the market is consolidating rather than losing momentum.

Chennai Gold Rate Today

Gold Holds Its Ground After a Strong Recovery

Gold has come a long way in just a few trading sessions.

At the start of the week, prices had slipped to ₹14,400 per gram, raising hopes among buyers that a deeper correction might follow. Instead, the market turned around quickly. Thursday delivered one of the biggest daily gains of the month, and Friday added another ₹1 per gram, enough to push gold to a fresh monthly high.

While today’s increase is almost negligible compared with the previous two sessions, it also shows there’s been little selling pressure after the rally. That’s often a sign that the market is comfortable trading at higher levels, at least for now.

Gold Price in Chennai Per Gram

What Would 10 Grams of 22K Jewellery Cost Today?

The quoted gold rate reflects only the value of the metal. The final amount paid at a jewellery store also includes making charges and GST.

Based on today’s rate, assuming 12% making charges and 3% GST, here’s an estimate:

The final bill may vary depending on the jeweller, jewellery design, wastage charges and making charges applicable.

10-Day Gold Price Trend

The last 10 trading sessions highlight how quickly sentiment has shifted. Gold spent the first half of the period moving in both directions before staging a sharp comeback this week. Most of the gains came over Wednesday and Thursday, while Friday’s modest increase suggests the market is taking a breather after the recent surge rather than reversing course.

August Performance So Far

The first week of August has been a story of two halves. Gold slipped early in the month before bouncing back strongly over the last three sessions. With prices now above the ₹15,000 mark, the market has recovered all of its earlier losses and is trading at its highest level of the month so far.

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Why Do Gold Prices Change Every Day?

Gold prices move in response to a mix of global and domestic factors. International bullion prices, movements in the rupee against the US dollar, inflation expectations, import duties, central bank decisions and geopolitical developments all influence the rates quoted by jewellers.

Even when local demand remains steady, changes in these factors can lead to daily revisions in gold prices across the country.

Conclusion

Gold prices in Chennai edged higher on Friday, with 24K gold rising to ₹15,001 per gram and 22K gold touching ₹13,751 per gram. Although today’s increase was modest, it extended the market’s recent recovery and lifted prices to a fresh monthly high. The coming sessions will reveal whether gold resumes its upward march or settles into a consolidation phase after this week’s sharp rally.

Source:

• Goodreturns | Gold prices updated for August 7, 2026.