Gold Rate in Chennai Today, July 3, 2026: 24K Gold Inches Up to ₹14,619 Per Gram

Chennai, July 3: Gold prices in Chennai opened Friday with barely any movement. After a strong run over the past two sessions, the market paused, with benchmark rates for 24K, 22K and 18K gold each increasing by just ₹1 per gram. 

The latest retail price for 24-karat gold stands at ₹14,619 per gram. 22-karat gold is priced at ₹13,401 per gram, while 18-karat gold is available at ₹11,161 per gram. 

The change may look modest on paper, but it comes after a sharp rebound at the beginning of July, suggesting that prices have found a temporary footing for now. 

Chennai Gold Rates Today 

Prices Pause After Two Sessions of Gains 

If someone checked the rates on Thursday and again this morning, the difference would hardly be noticeable. The benchmark price has moved only a rupee per gram, making Friday one of the quieter trading days of the week. 

That said, the broader picture is different. Gold has recovered steadily since the end of June, and the latest update keeps those gains intact rather than extending them in any meaningful way. 

Estimated Cost of Buying 10 Grams of 22K Gold 

Using the prevailing market rate and assuming 12% making charges along with 3% GST, the estimated purchase cost is as follows: 

The above calculation is indicative. Actual billing may vary depending on the jeweller’s making charges, design and other applicable costs. 

Chennai Gold Price Trend 

Recent price movements show that the market has been anything but flat over the past 10 days. 

On July 1, 24K gold was priced at ₹14,455 per gram before climbing to ₹14,618 on July 2. Friday’s rate of ₹14,619 represents only a marginal increase from the previous session, indicating that the rally has slowed. 

June, meanwhile, told a different story. Prices softened through the latter half of the month. 24K gold began June at ₹15,622 per gram and finished the month at ₹14,400, while 22K gold slipped from ₹14,320 to ₹13,200 over the same period. The lowest rates during June were recorded on June 25, when 24K gold touched ₹14,335 and 22K gold fell to ₹13,140. 

What Influences Gold Prices? 

Daily gold rates are shaped by several moving parts, including: 

• International bullion prices 

• Rupee-US dollar exchange rate 

• Import duties and government taxes 

• Demand from the domestic jewellery market 

• Global economic and geopolitical developments 

While benchmark rates tend to move in a similar direction across India, the final amount charged by jewellers can vary because of making charges and individual pricing policies. 

Conclusion 

Friday’s update brought stability rather than another sharp move. Gold prices in Chennai edged higher by just ₹1 per gram, leaving rates broadly unchanged from Thursday while preserving the gains made earlier this week. For buyers, the benchmark price remains an important reference, although the overall purchase cost will still depend on the jeweller’s making charges and applicable taxes. 

Source

•  goodreturns.in | Rates as of Friday, July 3, 2026.