Gold Rate in Chennai Today, July 8, 2026: 24K Gold Falls to ₹14,542 Per Gram

Mumbai, July 8: Gold prices in Chennai slipped on Wednesday, extending the soft patch seen over the last few sessions. The latest retail rate for 24-karat gold stands at ₹14,542 per gram, down ₹76 from Tuesday.

22-karat gold is priced at ₹13,330 per gram, lower by ₹70, while 18-karat gold declined by ₹50 to ₹11,150 per gram. The fall is smaller than the previous two sessions, but it keeps prices below the July 3 peak.

Chennai Gold Rates Today

Prices Continue to Cool After Early July High

Chennai saw a strong run in the first few days of July. 24K gold rose from ₹14,455 per gram on July 1 to ₹14,956 on July 3, which remains the highest rate recorded so far this month. 22K gold also touched its July high of ₹13,700 per gram on the same day.

Since then, the market has lost some ground. Prices were flat on July 5, then slipped on July 6, July 7 and again on July 8. Even after the latest decline, the July trend is still marginally positive, with both 24K and 22K gold up around 0.60% from the start of the month.

For investors tracking gold outside jewellery purchases, exchange-traded options are also worth following. You can check the list of gold ETF in India.

Today Gold Price Per Gram in Chennai

Estimated Cost of Buying 10 Grams of 22K Gold

Using the current 22K gold rate and assuming 12% making charges along with 3% GST, the estimated purchase cost works out as follows:

This is an indicative calculation. Actual jewellery bills may vary depending on making charges, design, wastage and retailer-specific pricing.

Chennai Gold Price Trend

The last 10 days show a fairly uneven price pattern. Gold weakened at the end of June, recovered in the first three days of July, and has been drifting lower since the July 3 high.

On July 1, 24K gold was priced at ₹14,455 per gram, while 22K gold stood at ₹13,250. By July 3, those rates had climbed to ₹14,956 and ₹13,700, respectively. The latest rate of ₹14,542 for 24K gold is still above the July 1 level, but the cushion has narrowed after three straight declines.

The lowest rate for July so far remains ₹14,455 for 24K gold and ₹13,250 for 22K gold, both recorded on July 1.

What Drives Gold Prices?

Gold prices in Chennai are shaped by international bullion rates, rupee-dollar movement, import costs and demand from the domestic jewellery market. Local pricing can also shift slightly across jewellers because making charges and billing practices are not uniform.

Conclusion

Gold prices in Chennai declined on July 8, with 24K, 22K and 18K rates all moving lower from Tuesday’s levels. The market is still above where it began the month, but the gains have thinned after the recent pullback. For jewellery buyers, the headline rate matters, though making charges and GST continue to decide the final amount paid at the counter.

Source: goodreturns.in | Rates as of Wednesday, July 8, 2026.