Gold Rate in Chennai Today, July 28, 2026: 24K Gold Edges Up to ₹14,587

Chennai, July 28: Gold prices in Chennai were little changed on Tuesday, taking a breather after the gains seen in the previous session. Rates increased by just ₹1 per gram across 24K, 22K and 18K gold, leaving prices broadly steady near Monday’s levels.

The 24-karat gold rate stood at ₹14,587 per gram, up ₹1 from ₹14,586 on July 27. The 22-karat rate edged up to ₹13,371 per gram from ₹13,370, while 18-karat gold increased to ₹11,186 per gram.

Tuesday’s subdued move follows a ₹77 rise in 24K gold on Monday. Prices have recovered considerably since the sharp decline on July 24, but they are still below the recent high touched on July 23.

Chennai Gold Rate Today

Gold Holds Ground After Recent Recovery

The latest ₹1 increase may look insignificant, but it comes after a volatile stretch for gold prices in Chennai.

The 24K rate climbed from ₹14,346 on July 20 to ₹14,422 on July 21 before jumping ₹229 to ₹14,651 on July 22. Another ₹77 increase took the price to ₹14,728 on July 23.

That rally was followed by a sharp reversal. On July 24, 24K gold dropped ₹295 in a single session to ₹14,433 per gram. Prices bounced ₹76 the next day and were unchanged on July 26 before rising another ₹77 on July 27.

At ₹14,587, the 24K rate has recovered ₹154 from the July 24 level. It nevertheless remains ₹141 below the 10-day high of ₹14,728 recorded on July 23.

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Gold Price in Chennai Per Gram

The quoted rates are indicative and do not include GST, TCS or other levies. Jewellery bills can also vary depending on making charges, wastage and other costs charged by the jeweller.

What Would 10 Grams of 22K Jewellery Cost Today?

At ₹13,371 per gram, 10 grams of 22K gold has a base value of ₹1,33,710. The amount paid at a jewellery store will be higher once making charges and GST are included.

Using a 12% making charge and 3% GST, the estimated cost is:

This is an indicative calculation. Actual making charges vary by jeweller and design, while wastage and other applicable charges can change the final bill.

10-Day Gold Price Trend

• July 28: ₹14,587 (+₹1)
• July 27: ₹14,586 (+₹77)
• July 26: ₹14,509 (No change)
• July 25: ₹14,509 (+₹76)
• July 24: ₹14,433 (-₹295)
• July 23: ₹14,728 (+₹77)
• July 22: ₹14,651 (+₹229)
• July 21: ₹14,422 (+₹76)
• July 20: ₹14,346 (+₹17)
• July 19: ₹14,329 (No change)

The trend shows two very different stretches. Gold rallied strongly through July 23, only to give back a large part of those gains in the July 24 selloff. Since then, prices have gradually recovered, with Tuesday’s near-flat move suggesting the rebound has slowed for now.

Recent Gold Price Performance

Despite the sharp correction on July 24, gold is still trading above where it stood at the start of this 10-day period. The 24K rate is ₹258 per gram higher than on July 19, while 22K gold has gained ₹236.

For a 10-gram purchase of 22K gold, the underlying gold value is now ₹2,360 higher than it was on July 19.

Why Do Gold Prices Change Every Day?

Gold prices in Chennai are linked to movements in the broader bullion market. International gold prices, the rupee’s value against the US dollar and import costs can all affect the rate paid by domestic buyers.

Interest-rate expectations, inflation, central bank demand and geopolitical developments can also influence bullion prices. Because these factors change regularly, local gold rates can move sharply on some days and remain almost unchanged on others.

Conclusion

Gold prices in Chennai were largely steady on July 28, with 24K gold edging up ₹1 to ₹14,587 per gram and 22K gold moving to ₹13,371. The 18K rate also increased ₹1 to ₹11,186 per gram.

Tuesday’s move is modest compared with the swings seen over the past week. Gold has recovered from the steep July 24 decline, but 24K prices remain ₹141 below the recent high of ₹14,728. Buyers tracking jewellery prices will now be watching whether rates consolidate around current levels or resume the stronger moves seen earlier in the month.

Source:

• Goodreturns | Gold prices updated for July 28, 2026.