Today Gold Rate in Chennai is Rs. 50,493.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
India is the second-largest consumer of gold with an annual demand of 800-900 tonnes approximately, with most of the demand coming from the south India. Particularly Chennai where Gold is not just seen as a valuable metal but When talking about Chennai particularly talking about Chennai, Gold is not just a valuable metal for them, but as a mode of generating wealth perpetually (so called eternal wealth) and holds traditional sentiments. Gold in Chennai is considered auspicious and has immense significance in marriages and religious ceremonies.
Trend of Gold Rate in Chennai for last 10 days
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Of late, there has been a change in the way people invest in gold such as Gold ETFs and Gold Sovereign Bonds. It is because the metal is viewed as an asset class is an effective portfolio diversifier. Today gold rate in Chennai has also been showing upward trends over the years again, adding to the demand for gold.