Gold Hits 1.55 Lakh in Chennai, Silver Flat at 24,106
Indian gold prices vary by city, with Chennai leading at 1,55,140 per 10 grams while silver remains stable nationally.
Key points
- Chennai gold hit 1,55,140 rupees per 10 grams, the highest rate among major cities.
- Silver prices remained uniform at 24,106 rupees per 100 grams across all tracked locations.
- Joyalukkas and Malabar quoted 14,285 rupees per gram for 22-karat gold on September 21.
Chennai recorded the highest 24-karat gold rate at 1,55,140 rupees per 10 grams on September 21. This figure exceeds the Delhi rate of 1,54,420 rupees by 720 rupees. The national average for 22-karat gold sits near 1,41,800 rupees per 10 grams.
Silver prices remained unchanged across all major cities at 24,106 rupees per 100 grams. This uniformity contrasts with the regional variance seen in gold markets. Business Today reports that retail rates have stabilized for this period.
Regional price variations persist
Hyderabad and Bengaluru also posted high gold rates above 1,54,800 rupees. These cities consistently trade at a premium compared to northern markets. The differences stem from local demand and logistics costs.
Retail jeweller rates stay flat
Joyalukkas and Malabar Gold both quoted 14,285 rupees per gram for 22-karat gold. Tanishq charged a slight premium of 14,330 rupees per gram for the same purity. These brand-specific prices include making charges and brand premiums.
Market drivers influence pricing
International gold prices and the US dollar exchange rate drive domestic costs. Festive season demand also pushes retail prices higher in key markets. Investors should monitor these factors for future price movements.
