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Gold Rate in Tamilnadu Today (15th November 2024) | 22K & 24K Live Gold Prices
Today’s Gold Rate in tamilnadu (15th November 2024)
Gold is not just a precious metal; it symbolizes wealth, tradition, and a reliable investment in Chennai. Today, the gold rate in Chennai is as follows:
| Gold Type | 1 Gram | 8 Grams |
|---|---|---|
| 22K Gold | ₹6,945 | ₹55,560 |
| 24K Gold | ₹7,450 | ₹59,600 |
Silver Rate in Chennai: ₹99 per gram (unchanged from yesterday).
Gold Rate History in Chennai (Last 10 Days)
| Date | 22K Gold (₹) | 24K Gold (₹) |
|---|---|---|
| 14-Nov-2024 | 6,935 | 7,440 |
| 13-Nov-2024 | 7,045 | 7,550 |
| 12-Nov-2024 | 7,085 | 7,590 |
| 11-Nov-2024 | 7,220 | 7,725 |
| 10-Nov-2024 | 7,275 | 7,780 |
| 09-Nov-2024 | 7,275 | 7,780 |
| 08-Nov-2024 | 7,285 | 7,790 |
| 07-Nov-2024 | 7,200 | 7,705 |
| 06-Nov-2024 | 7,365 | 7,870 |
Why Gold is Popular in Chennai
Gold holds cultural and economic significance in Chennai. Whether it’s for weddings, festive occasions, or investment purposes, Chennaiites rely heavily on gold. The demand peaks during festivals like Akshaya Tritiya and Diwali, often accompanied by discounts and exciting offers.
Factors affecting Chennai’s gold rates include:
- State and local taxes
- Transportation costs
- Global gold price trends
- Exchange rate fluctuations
Investment in Gold: Coins or Jewelry?
For investment purposes, gold coins are a popular choice due to their assured purity. However, gold jewelry is preferred for cultural and personal reasons.
Gold Coins:
- Purity: Assured (available in 24K and 22K).
- Sizes: From 2g to 50g.
- Drawback: High premiums and limited buy-back options.
Gold Jewelry:
- Mixed with metals like silver and nickel for durability.
- Typically made from 22K gold (92% purity).
Understanding Karats: 22K vs. 24K Gold
- 24K Gold: Purest form (99.9%) but too soft for jewelry.
- 22K Gold: Ideal for jewelry with 92% purity, mixed with other metals for strength.
Tips for Buying Gold at the Best Rate in Chennai
- Track Prices: Monitor rates daily using trusted websites like LiveChennai.
- Compare Sellers: Check rates across multiple jewelers to get the best deal.
- Check Hallmarks: Ensure BIS hallmarking for guaranteed quality.
- Plan Purchases: Invest during price dips or festive offers for maximum savings.
