Gold Rate Today in Tamil Nadu — Complete Guide (7 August 2026)
Today's gold rate in Tamil Nadu is ₹14,994/gram (24K), ₹13,740/gram (22K), and ₹11,242/gram (18K). 1 Sovereign (8 grams of 22K gold) costs ₹1,09,920 in Tamil Nadu today. WealthMinty covers gold rates across all 51 cities in Tamil Nadu.
Gold Purity & Price Comparison in Tamil Nadu
| Purity | Karat | Gold % | Rate/gram | Best For |
|---|
| 999 | 24K | 99.9% | ₹14,994 | Investment, Coins |
| 916 | 22K | 91.6% | ₹13,740 | Jewellery |
| 750 | 18K | 75.0% | ₹11,242 | Diamond Jewellery |
| 585 | 14K | 58.5% | ₹8,771 | Fashion Jewellery |
About Gold in Tamil Nadu
Tamil Nadu is India's second-largest gold consumer. T. Nagar in Chennai is South India's biggest jewellery market. Tamil weddings are famous for the Thali and elaborate temple jewellery.
Gold Tradition & Culture in Tamil Nadu
Tamil Nadu is one of India's largest gold consuming states. Gold is an essential part of Tamil weddings and temple traditions. Nagercoil and Coimbatore are major gold trading hubs. The famous Meenakshi Temple in Madurai has a significant gold collection.
Best time to buy gold in Tamil Nadu: Pongal (Jan), Tamil New Year (Apr), Akshaya Tritiya, Diwali.
How is the Gold Rate Decided in Tamil Nadu?
The daily gold rate in Tamil Nadu is not set by any single jeweller or the state government — it is derived from a transparent, four-step chain that keeps prices almost identical across every city in Tamil Nadu (Bangalore, Mysore, Mangalore, Hubli, and smaller towns differ by only ₹0–100/gram):
- International LBMA benchmark: The London Bullion Market Association fixes the global spot gold price twice daily in USD per troy ounce (1 troy ounce = 31.1035 grams). This is the base for gold worldwide, including Tamil Nadu.
- USD to INR conversion: The USD price is converted to rupees at the live RBI reference exchange rate. If the rupee weakens against the dollar, gold becomes costlier in Tamil Nadu even if the international price is flat.
- Import duty + GST:India imports nearly all its gold, so the government's import duty (currently ~15%, including Agriculture Infrastructure and Development Cess) and 3% GST are added. Together these taxes make up roughly 18% of the retail price you pay in Tamil Nadu.
- Local bullion benchmark (IBJA):The Indian Bullion & Jewellers Association (IBJA) publishes a daily wholesale rate thatTamil Nadu's jewellers follow. Each showroom then adds its making charge (3–25% depending on design) and a tiny local margin for transport and overhead — this is the only reason prices vary slightly between shops and cities.
In Tamil Nadu, gold is traditionally weighed in Sovereign (சவரன்) — 1 Sovereign = 8grams — though most retail billing today is done per gram. The 24K, 22K and 18K prices you see on this page are our editorial team's indicative daily reference rates for Tamil Nadu, manually curated from public bullion market data (broadly tracking the IBJA national benchmark). They are refreshed daily and may differ slightly from your local jeweller's quote, which includes making charges and local margins.
Why Tamil Nadu's rate differs from neighbouring states: Only by a negligible ₹0–50/gram, purely on local transport and dealer margin — there is no separate Tamil Nadu gold tax. Kerala, Tamil Nadu, Andhra Pradesh andTamil Nadu all import through the same customs ports, so the underlying landed cost is identical.
Factors Affecting Gold Price in Tamil Nadu
- International Gold Prices: Tamil Nadu's gold rate follows global LBMA benchmarks converted to INR.
- USD/INR Exchange Rate: A weaker rupee makes imported gold more expensive in Tamil Nadu.
- Import Duty & GST: 15% import duty + 3% GST are included in the retail gold price.
- Local Demand: Wedding season and festivals drive up gold demand in Tamil Nadu. Pongal (Jan), Tamil New Year (Apr), Akshaya Tritiya, Diwali.
- Transportation & Dealer Margin: Minor ₹0–100/gram variation between cities in Tamil Nadu.
Where to Buy Gold in Tamil Nadu?
You can buy hallmarked 916 gold in Tamil Nadu from trusted jewellers like Tanishq, GRT Jewellers, Saravana Selvarathinam, NAC Jewellers, Tanishq, Kalyan Jewellers, Joyalukkas, Malabar Gold, and other BIS-certified gold shops. Buy gold coins, gold bars, and gold jewellery with HUID (Hallmark Unique Identification) number for verified purity. Compare making charges across shops — Tanishq charges 8-25% while local jewellers may charge 5-15%.
Famous gold markets in Tamil Nadu: T Nagar Chennai, Big Bazaar Street Chennai, Town Hall Coimbatore, South Masi Street Madurai, Five Roads Trichy.
Gold Loan in Tamil Nadu
Banks and NBFCs in Tamil Naduoffer gold loans at 7-12% interest per annum. With today's 22K rate at ₹13,740/gram, 10 grams of gold can fetch a loan of approximately ₹1,03,050 (75% LTV). 50 grams of 22K gold can get up to ₹5,15,250.
Top gold loan providers in Tamil Nadu: Muthoot Finance, Manappuram Finance, Muthoot Fincorp, IIFL Finance, Shriram Finance, State Bank of India (SBI), Indian Bank, Canara Bank.
| Gold Weight | Gold Value (22K) | Max Loan (75% LTV) |
|---|
| 10g | ₹1,37,400 | ₹1,03,050 |
| 20g | ₹2,74,800 | ₹2,06,100 |
| 50g | ₹6,87,000 | ₹5,15,250 |
| 100g | ₹13,74,000 | ₹10,30,500 |
Gold Demand in Tamil Nadu
- Demand Level: Very High
- Capital: Chennai
- Type: State
- Cities Covered: 51 cities
Tax on Gold Purchase in Tamil Nadu
- GST: 3% on gold jewellery, coins, and bars purchased in Tamil Nadu
- Making Charges GST: 5% GST on making/labour charges
- Capital Gains: Short-term (<3 years) — income slab rate. Long-term (3+ years) — 20% with indexation
- TDS: 1% TDS on gold purchases exceeding ₹10 lakh per year
Gold Investment Options in Tamil Nadu
- Physical Gold: Buy 22K/24K gold coins and gold bars from Tanishq, MMTC-PAMP, or GRT Jewellers in Tamil Nadu. 916 gold jewellery is the most popular.
- Sovereign Gold Bonds (SGBs): Government-backed, 2.5% annual interest + tax-free maturity.
- Gold ETFs: Trade on NSE/BSE like shares. No storage hassle. Top picks: Nippon Gold ETF, SBI Gold ETF.
- Digital Gold: Buy from ₹1 via Google Pay, PhonePe, Paytm. Gold stored in insured vaults.
- Gold Mutual Funds: Invest via SIP using our SIP Calculator.
📚 Essential Gold Investment Guides
Read our expert guides to understand gold pricing, tax rules, and smart investment strategies.
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What is 999 Gold? 24K Pure Gold Meaning & Price
999 gold means 24K — 99.9% pure gold. Learn the 999 hallmark meaning, why it is too soft for jewellery but ideal for coins, bars & SGB, and how to verify purity.
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What is 916 Gold? 22K Hallmark Meaning & Price
916 gold means 22K — 91.6% pure gold with 8.4% alloy. Learn the 916 hallmark meaning, how to verify it with BIS HUID, price vs 24K, and why it is the standard for jewellery in India.
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What is 18K Gold? 750 Hallmark Price & Use
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22K (916) vs 24K Gold: Which One Should You Buy?
A complete guide on the difference between 22K and 24K gold. Learn which is better for jewellery and which is best for investment.
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How to Calculate Gold Jewellery Price (GST & Making Charges)
Do not get cheated at the jewellery store. Learn exactly how to calculate the final price of gold jewellery including making charges and 3% GST.
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Sovereign Gold Bonds (SGB) vs Physical Gold
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Gold Loan vs Personal Loan: Which is Better?
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What is HUID? How to Check BIS Hallmark Gold Purity
Always verify the purity of your gold. Learn how to use the BIS Care App and the 6-digit HUID code to check if your gold is truly 916 hallmarked.
Read full guide ➔❓ Frequently Asked Questions — Tamil Nadu
▸ Did gold price go up or down today in Tamil Nadu?
Gold price increased by ₹16 per gram today in Tamil Nadu. 24K is now ₹14,994/gram, 22K is ₹13,740/gram, 18K is ₹11,242/gram.
▸ What is today's gold rate in Tamil Nadu?
Today's gold rate in Tamil Nadu: 24K = ₹14,994/gram, 22K = ₹13,740/gram, 18K = ₹11,242/gram. 1 Sovereign (சவரன்) = ₹1,09,920.
▸ Why did gold price rise today in Tamil Nadu?
Today gold rate increased by ₹15 per gram for 22K gold on 07 August 2026 (Friday). The rise in gold rate today was modest compared with Thursday's sharp move, but it came against a stronger global bullion backdrop.
Read full market analysis →▸ How is the gold rate decided in Tamil Nadu?
The daily gold rate in Tamil Nadu is set from the international LBMA gold price (London benchmark) converted to rupees at the live USD/INR exchange rate, plus India's import duty (currently ~15%) and 3% GST. The Indian Bullion & Jewellers Association (IBJA) then publishes a daily wholesale rate that jewellers in Chennai and across Tamil Nadu follow, adding only a 3–25% making charge and a tiny local margin. This is why rates are nearly identical across all 51 cities in Tamil Nadu.
▸ Is gold rate same in all cities of Tamil Nadu?
Gold rates are mostly uniform across Tamil Nadu with minor variations (₹0-100/gram) based on local demand, octroi, transport costs, and dealer margins.
▸ What is 1 Sovereign (சவரன்) gold price in Tamil Nadu?▼
1 Sovereign (சவரன்) is equal to 8 grams of 22K gold. Today's 1 Sovereign (சவரன்) price in Tamil Nadu is ₹1,09,920.
▸ Where to buy gold in Tamil Nadu?▼
Top certified jewellers in $Tamil Nadu: GRT Jewellers, Saravana Selvarathinam, NAC Jewellers, Tanishq. Always verify the BIS hallmark and scan the HUID number on the jewellery using the BIS Care app.
Learn how to verify BIS hallmark →▸ What is the making charge for gold in Tamil Nadu?▼
Making charges in $Tamil Nadu typically range from 8% to 20% of the gold rate at major showrooms like Tanishq, Kalyan Jewellers, and Malabar Gold. Plain designs (chains, bangles) attract 8-10%, while intricate hand-crafted temple jewellery attracts 15-20% making charges.
Full jewellery price calculation guide →▸ Is gold a good investment in Tamil Nadu?▼
Yes, gold is a highly trusted asset and hedge against inflation in $Tamil Nadu. Popular options include physical gold (jewellery, bars, coins), Digital Gold, Gold Mutual Funds, and
Sovereign Gold Bonds (SGBs) which offer a 2.5% annual interest rate plus tax-free capital gains.
▸ What is the difference between 22K and 24K gold?▼
24K (999) gold is 99.9% pure, primarily used for investment bars and coins — read our
999 gold guide. 22K (916) gold is 91.6% pure, alloyed with zinc or copper to make it strong enough for daily wear jewellery —
916 gold guide. For diamond jewellery, 18K (750) is preferred —
18K gold guide. For the full comparison, see
22K vs 24K →▸ What is today's 18K gold rate in Tamil Nadu?▼
18K gold rate in $Tamil Nadu today is ₹11,242/gram. 18K gold is 75% pure and is widely preferred for crafting diamond-studded and stone-studded jewellery due to its durability.
What is 18K gold? →▸ How to check gold purity in Tamil Nadu?▼
Always look for the official BIS hallmark. It contains the BIS logo, purity grade (e.g., 916 for 22K, 750 for 18K), and a unique 6-digit alphanumeric Hallmark Unique Identification (HUID) code.
Full HUID verification guide →▸ What is 916 gold rate in Tamil Nadu today?▼
916 gold (22K gold with 91.6% purity) is the standard jewellery grade in India. Today's 916 gold rate in $Tamil Nadu is ₹13,740 per gram. 10 grams of 916 gold costs ₹1,37,400.
Full 916 gold guide → Verify 916 hallmark →▸ What is the gold coin and gold bar price in Tamil Nadu?▼
24K gold coin (1g) costs ₹14,994 in Tamil Nadu. A 10g gold bar costs ₹1,49,940. You can buy certified 24K gold bars and coins from Tanishq, MMTC-PAMP, or Malabar Gold.
▸ What is the GST on gold in Tamil Nadu?▼
GST on gold is 3% on the value of gold, plus 5% GST on the making charges. For investment gold sold after 3 years, long-term capital gains tax of 20% with indexation applies.
▸ When is the best time to buy gold in Tamil Nadu?▼
Auspicious occasions like Dhanteras, Akshaya Tritiya, Diwali, and regional wedding seasons see high retail demand in $Tamil Nadu. For investment, buying systematically during market corrections is recommended.
Read 2026 gold price forecast & trends →▸ How many cities in Tamil Nadu show gold rates?▼
WealthMinty tracks gold rates across 51 cities and municipalities in Tamil Nadu. You can click on any city name above to view detailed local prices, graphs, and calculators.
▸ Is gold a good investment in 2026 in Tamil Nadu?▼
▸ Where can I find accurate gold rate in Tamil Nadu daily?▼
WealthMinty publishes indicative daily gold rates for Tamil Nadu, covering 24K, 22K, and 18K prices across 51 cities. Rates are manually curated by our editorial team from public bullion market data, updated daily, with 1-month price history, gold weight calculator, and city-wise comparison.
View all India gold rates →▸ What is the gold rate trend this month in Tamil Nadu?▼
Gold prices in Tamil Nadu broadly track the national benchmark rate. You can view the detailed 30-day gold rate history chart above to see daily price movements. Current 24K rate: ₹14,994/gram, 22K rate: ₹13,740/gram.
Read gold rate trend analysis →▸ How much gold can I buy for ₹1 lakh in Tamil Nadu?▼
At today's rate, ₹1,00,000 can buy 6.67 grams of 24K gold or 7.28 grams of 22K gold in Tamil Nadu. For ₹50,000, you can buy 3.33g (24K) or 3.64g (22K). Note: making charges (3-25%) and 3% GST are additional.
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