Gold Rate in Chennai Today, July 29, 2026: 24K Gold Eases to ₹14,415 After Sharp Weekly Swings

Chennai, July 29: Gold prices in Chennai were almost unchanged on Wednesday, with bullion rates edging lower by just ₹1 across major purity categories. The muted move follows Tuesday’s steep correction and points to a pause in the recent bout of volatility.

According to the latest retail rates, 24-karat gold is priced at ₹14,415 per gram, down ₹1 from the previous session. The 22-karat rate has slipped to ₹13,214 per gram, while 18-karat gold is trading at ₹11,029 per gram, also lower by ₹1.

Although today’s movement is negligible, gold prices have witnessed sharp swings over the past week. After rallying strongly on July 22, prices corrected, rebounded briefly and then fell sharply again before stabilising in today’s session.

Chennai Gold Rate Today

Gold Finds Some Stability After Recent Volatility

The latest decline comes after a turbulent run for bullion prices.

The 24K gold rate climbed to ₹14,651 per gram on July 22 following a ₹229 jump before slipping over the next two sessions. It recovered to ₹14,586 on July 27 but dropped sharply to ₹14,416 on July 28.

Wednesday’s ₹1 decline leaves the 24K rate at ₹14,415 per gram, indicating that prices have largely steadied after Tuesday’s correction rather than continuing another steep fall.

Investors looking for exposure to gold without buying physical jewellery can also explore the list of Gold ETFs in India.

Gold Price in Chennai Per Gram

The quoted gold rates are indicative and exclude GST, TCS and other applicable levies. Final jewellery prices may vary depending on making charges, wastage and the jeweller’s pricing policy.

What Would 10 Grams of 22K Jewellery Cost Today?

For jewellery buyers, the quoted gold rate is only part of the final bill. Making charges and GST increase the overall purchase cost.

Based on today’s 22K rate and assuming 12% making charges with 3% GST, the estimated cost works out to:

The final amount may differ depending on the jeweller, making charges, jewellery design and other applicable costs.

10-Day Gold Price Trend

July 29: ₹14,415 (-₹1)

July 28: ₹14,416 (-₹170)

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)

The past 10 sessions highlight an exceptionally volatile market. Gold posted strong gains through July 22 before witnessing two sharp corrections, interrupted by brief recoveries. The latest ₹1 decline suggests prices may be entering a consolidation phase after the recent swings.

Recent Gold Price Performance

Despite the recent corrections, gold prices are still trading modestly above where they stood 10 days ago. However, the gap between the recent high and current levels shows that much of last week’s rally has faded.

Why Do Gold Prices Change Every Day?

Gold prices in Chennai are influenced by a mix of global and domestic factors. International bullion prices, fluctuations in the rupee against the US dollar, import costs and investor demand all play a role in determining daily rates.

Expectations around inflation, interest rates, central bank policies and geopolitical developments can also affect gold prices. These factors often cause prices to change even when local jewellery demand remains steady.

Conclusion

Gold prices in Chennai were largely stable on July 29, with 24K gold slipping by just ₹1 to ₹14,415 per gram and 22K gold easing to ₹13,214. After several sessions marked by sharp gains and declines, today’s muted move suggests that bullion prices may be settling down.

Even so, the market remains sensitive to global cues, and buyers are likely to keep a close watch on international bullion prices and currency movements for the next direction in gold.

Source:

• Good returns | Gold prices updated for July 29, 2026.