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Gold price today: Rates up in Chennai amid wedding season! Check prices in Hyderabad, Kerala

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The prices of gold in Chennai, Hyderabad and Kerala witnessed an upward trend amid the wedding season on Wednesday. The gold prices in these South Indian cities witnessed a drop during the festive season. Post Diwali, the prices mostly saw an upward trend.

Since the start of the year, the gold prices in Chennai have been witnessing a steady trend. There has been a rise in demand of gold in Chennai, with most coming for jewellery and less in gold biscuits and gold coins.

Gold rates in Hyderabad depend upon the global gold rates. These are affected by several factors such as Inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewellery markets among others.

Gold rates in Kerala have always seen good consumption patterns, especially when it comes to the festive season or also during occasions like marriage or naming ceremonies.

India’s gold consumption is expected to rise further in 2022, as per World Gold Council (WGC). Notably, this comes after recording a big jump of 79 per cent last year; the reasons being a ‘pent-up demand’ and an ‘improvement in consumer confidence. It will boost retail jewellery sales nationwide. As we know gold price in India and worldwide are subject to change. We bring you the latest prices of yellow metal in grams from Goodreturns. Below are given the gold price for the cities of Kerala, Hyderabad and Chennai.

India remains the world’s second-biggest ‘gold consumer’. Hence, this rise in consumption would help global prices but would also widen India’s trade deficit and put pressure on the already-strained rupee.

Gold price today in Chennai

The gold rates in Chennai for 22-carat, 1 gram stands at Rs 4,940, while the gold price for 8 grams stands at Rs 39,520.

For 10 gram gold, the buyer will have to pay Rs 49,400. Today gold rate in Chennai for 100 grams hovers at Rs 4,94,000.

When it comes to 24-carat gold for 1 gram in Chennai, prices are Rs 5,389. For 8 gram gold in Chennai, the buyer will have to pay Rs 43,112.

10 gram of gold in Chennai stands at Rs 53,890 while 100 gram stands at Rs 5,38,900.

Gold prices today
Image: Pexels

22-carat Gold price today in Hyderabad

1 GramRs 4,780
8 GramRs 38,240
10 GramRs 47,800
100 GramRs 4,78,000

24-carat Gold price today in Hyderabad

1 GramRs 5,215
8 GramRs 41,720
10 GramRs 52,150
100 GramRs 5,21,500

22-carat Gold rate today in Kerala

1 GramRs 4,780
8 GramRs 38,240
10 GramRs 47,800
100 GramRs 4,78,000

24-carat Gold rate today in Kerala

1 GramRs 5,215
8 GramRs 41,720
10 GramRs 52,150
100 GramRs 5,21,500

ALSO READ: Planning to buy gold? Check purity of precious metal while buying with these quick tips

Bindiya Bhatt
Bindiya Bhatthttps://thevocalnews.com
Founder and Editor-in-Chief at The Vocal News, Bindiya Bhatt is a journalist with over 15 years of experience in the media industry. Having covered nearly all beats in her career, she is an Automobile and Tech enthusiast who loves writing about cars, bikes, gadgets and more. She has done her Masters in Journalism and Mass Communication from IMS Noida.
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