Live Gold and Silver Rates in Chennai – January 27, 2025 Update

Gold Rate Trends Over the Last 10 Days in Chennai

Gold Rates (22K per gram)

Silver Rates (per gram)

Factors Influencing Gold Prices in Chennai

• Global Trends: Changes in global gold rates directly impact the rates in Chennai.
• USD-INR Exchange Rates: A stronger Indian rupee can lower gold prices, while a weaker rupee may raise them.
• Import Duties: India imports gold, and import duties significantly affect prices.
• Demand and Supply: Seasonal demand during festivals or weddings can drive prices higher.
• Economic Conditions: Inflation and interest rates also play a crucial role in determining gold prices.

Understanding the Different Types of Gold

22K Gold

Contains 92% pure gold mixed with metals like copper and zinc. Ideal for making durable and intricate jewelry.

24K Gold

99.9% pure gold, making it soft and unsuitable for jewelry. Best for investment purposes, such as coins and bars.

18K Gold

Contains 75% gold, with the remaining being other alloys. Less expensive and often used in modern or minimalist jewelry designs.

Tips to Buy Gold at the Best Rate in Chennai

• Compare Rates: Always compare prices from reputed jewelers or online portals like Live Chennai before making a purchase.
• Look for Hallmark Certification: Ensure the gold you buy is BIS-hallmarked, indicating its purity.
• Opt for Plain Gold Jewelry: If you're investing, choose plain gold jewelry instead of studded ones for better resale value.
• Timing: Purchase during price dips or festive seasons when discounts and offers are available.