Gold rate today in Tamil Nadu
The 24 carat gold rate in Tamil Nadu is ₹ 134,113 per 10 grams and ₹ 13,411 per gram at the state benchmark. 916 (22 carat), the grade most jewellery is made from, is ₹ 122,937 per 10 grams.
In pavan terms — the unit most of southern India actually buys in — one pavan of 916 gold is ₹ 98,349 and one pavan of 24 carat is ₹ 107,290. A pavan is 8 grams.
The Tamil Nadu gold market
Freight distance from the western import hubs sets the floor, and sustained local demand keeps it there. Chennai anchors the state trade; Coimbatore, Madurai, Trichy and Salem each support substantial independent markets of their own rather than simply reselling Chennai stock.
Demand is far less seasonal here than in the north. Temple purchases, gifting and a long wedding season spread buying across the year, which is why Tamil Nadu rates rarely see the sharp festival spikes seen in Delhi or Mumbai.
The spread across Tamil Nadu
Right now the gap between the cheapest and dearest market in Tamil Nadu is ₹ 54 per 10 grams — Hosur at the bottom, Madurai at the top. On a typical 50 gram purchase that is a difference of about ₹ 268, which is real money but rarely worth travelling for once fuel and time are counted.
The metal itself costs the same everywhere on earth at any given second. What varies within Tamil Nadu is freight from the point of import, how many dealers compete in each town, the cost of holding stock, and when local wedding and festival demand peaks — which is not simultaneous across a state.
Buying gold in Tamil Nadu
Southern showrooms frequently quote KDM alongside 916 on older stock. KDM describes a soldering method, not a purity — always price against the hallmark. Pavan pricing is also common in the southern districts bordering Kerala.
Beyond that, the same four questions apply anywhere: the metal rate for the exact karat, the making charge, the wastage percentage, and the tax — each as its own number. A single all-in price cannot be compared against anything.
The background, in one place
- How gold rates are decided — spot, exchange rate, import parity and premium, with live numbers at each step.
- 22K vs 24K — every lower grade is a fixed fraction of the 24 carat price, and the guide shows the arithmetic.
- What 916 means and what a pavan is — the two terms this market trades in.
- Making charges and wastage — where two quotes on the same rate actually diverge.
- Verifying a hallmark — what the stamps guarantee, and what they do not.