Gold prices have declined across 22-carat, 18-carat and 14-carat categories, according to the latest Madras Jewellers and Diamond Traders Association (MJDTA) rate update. The price of 22-carat gold has fallen by ₹155 per gram to ₹13,040, while 18-carat gold has dropped by ₹130 to ₹10,670 per gram.
Meanwhile, 14-carat gold has decreased by ₹100 to ₹8,530 per gram. Silver prices have also declined by ₹5 per gram, bringing the latest rate to ₹210.
Chennai Gold and Silver Rate Today
22-carat gold (1 gram): ₹13,040 Down ₹155
22-carat gold (1 sovereign / 8 grams): ₹1,04,320 Down ₹1,240
18-carat gold (1 gram): ₹10,670 Down ₹130
14-carat gold (1 gram): ₹8,530 Down ₹100
Silver (1 gram): ₹210 Down ₹5
According to the latest MJDTA rate update for October 30, 2026, the prices are:
22-Carat Gold Rate in Chennai Today
The price of 22-carat gold has decreased by ₹155 per gram, bringing the latest rate to ₹13,040.
A sovereign of gold weighing 8 grams now costs ₹1,04,320, representing a decline of ₹1,240 compared with the previous rate.
The price movement is important for people planning to purchase gold jewellery for weddings, festivals and other special occasions.
18-Carat and 14-Carat Gold Prices
The 18-carat gold rate has fallen by ₹130 per gram to ₹10,670. Meanwhile, 14-carat gold is priced at ₹8,530 per gram following a reduction of ₹100.
Buyers considering gold jewellery should compare prices based on the purity of gold and the design they intend to purchase.
Silver Price Today in Chennai
Silver prices have decreased by ₹5 per gram, bringing the current rate to ₹210.
Customers planning to purchase silver jewellery, utensils, coins or investment products should check the applicable selling price with their jeweller before completing a transaction.
What Gold Buyers Should Know
The latest MJDTA update indicates a decline in gold and silver prices in Chennai on October 30, 2026.
However, the final price of gold jewellery will vary depending on making charges, wastage charges where applicable, Goods and Services Tax (GST) and other applicable costs.
Customers are advised to confirm the latest rates with jewellery shops before purchasing gold or silver, as prices may change during the day.