Gold Rate In Chennai Today – September 2022 – Forbes Advisor INDIA

The price of gold in Indian cities and states varies. Forbes Advisor compiled gold prices of 1 and 10 grams of 24-karat and 22-karat pure gold at 9:33 am today in Chennai.

24k gold price today in Chennai

22k gold price today in Chennai

Related: Today’s gold price in 10 cities in India.

Where to Buy Gold in Chennai?

physical gold

Physical gold is available from jewelers, retailers, and even financial institutions like banks.

gold savings plans

Gold savings plans are chosen by individuals who agree to buy gold by depositing a specified amount each month for a specified term. Jewelers usually pay the last installment in such a scheme.

Government Gold Bonds

RBI issues SGBs and shares their terms and conditions, subscription calendar and course. The minimum subscription fee for government gold bonds is one gram of gold and a maximum of up to 4 kg.

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Digital Gold

Different forms of investing in digital gold include buying:

  • Gold Exchange Traded Funds (ETFs): ETF involves investing in the stock market whose value is backed by pure physical gold. Its value is based on current gold prices and bullion. A gold ETF unit is equivalent to 1 gram of gold.
  • Plan for collecting gold: Mobile wallets like Paytm and Phonepe allow consumers to buy digital gold with monthly investment and accumulate physical gold over a period of time.

Related: Alternative ways to invest in gold.

Where to sell gold in Chennai?

Retailers buy physical gold from individuals after verifying the purchase invoice. Although the weight of the gold and current rates are taken into account, jewelers agree to buy on their own terms and at additional cost.

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gold loan: Banks offer lenders loans against gold as collateral. Interest rates on gold loans are charged on the principal amount that individuals have agreed to pay as EMIs.

Frequently Asked Questions (FAQs)

What is the price of gold in Tamil Nadu?

Today’s gold price in the city of Chennai in Tamil Nadu is INR 4,766 for 1 gram of pure 24 karat gold and INR 4,369 for 1 gram of pure 22 karat gold.

Which gold is the best 22K or 916?

Is there a tax on buying and selling gold?

Why do gold prices vary between cities and states in India?

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