Gold Rate in Chennai Today, July 16, 2026: Gold Prices Extend Recovery; 24K Gold Rises to ₹14,379 Per Gram

Chennai, July 16: Gold prices continued their gradual recovery in Chennai on Thursday, though the pace remained slow. After Wednesday’s rebound, today’s increase was just enough to keep the positive momentum alive, with prices edging higher across all major purity categories.

According to today’s retail rates, 24-karat gold is selling at ₹14,379 per gram, up ₹1 from the previous session. 22-karat gold has increased by ₹1 to ₹13,181 per gram, while 18-karat gold is now priced at ₹11,001 per gram, also higher by ₹1.

The movement may look insignificant, but it signals that the recent correction has paused for now. After losing nearly ₹450 per gram from this month’s peak, gold appears to be finding support around current levels instead of continuing its slide.

Chennai Gold Rate Today

Gold Finds Stability After Weeks of Selling

The mood in the gold market looks very different from what it was during the first week of July.

Back then, prices were climbing almost every day, with 24K gold touching ₹14,618 per gram on July 7. That rally encouraged many buyers to wait, hoping prices would cool before making a purchase.

Over the following sessions, that’s exactly what happened.

Gold steadily lost ground before finding support this week. Wednesday brought a noticeable rebound, and today’s modest increase suggests that sellers may be stepping back, at least for the time being.

Even after two consecutive days of gains, 24K gold remains ₹239 below this month’s high, meaning buyers are still getting a better deal than they would have just over a week ago.

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Gold Price in Chennai Per Gram

What Would 10 Grams of 22K Jewellery Cost Today?

The daily gold rate reflects only the value of the precious metal. The final jewellery bill also includes making charges and GST.

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

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

10-Day Gold Price Trend

• July 16: ₹14,379 (+₹1)
• July 15: ₹14,378 (+₹32)
• July 14: ₹14,346 (-₹54)
• July 13: ₹14,400 (-₹109)
• July 12: ₹14,509 (No change)
• July 11: ₹14,509 (-₹55)
• July 10: ₹14,564 (+₹33)
• July 9: ₹14,531 (+₹76)
• July 8: ₹14,455 (-₹163)
• July 7: ₹14,618 (-₹175)

The last ten days capture a market that first corrected sharply and is now trying to stabilise. While the recent gains have been modest, they have interrupted the downtrend that dominated the second week of July. Whether this turns into a sustained recovery will depend on global bullion prices and broader market sentiment.

July Performance So Far

Despite the recovery over the past two sessions, gold is still trading below where it began the month. The decline isn’t steep, but it shows that the strong rally seen in early July has largely faded.

Why Do Gold Prices Change Every Day?

Gold prices are influenced by several domestic and international factors, including global bullion prices, movements in the rupee against the US dollar, import duties, inflation expectations, central bank decisions and geopolitical developments.

Since these factors change regularly, retail gold rates are revised daily across cities.

Conclusion

Gold prices in Chennai extended their recovery on July 16, with 24K gold rising to ₹14,379 per gram and 22K gold climbing to ₹13,181 per gram. Although today’s increase was small, it marked the second straight day of gains after last week’s correction. Buyers continue to benefit from prices that remain below the month’s peak, while investors will closely watch international bullion markets to see if the recovery gathers momentum.

Source:

• Goodreturns | Gold prices updated for July 16, 2026.