Gold prices continued their upward trajectory on Thursday, April 16, 2026. The surge in the precious metal is primarily driven by heightened expectations surrounding the forthcoming Akshaya Tritiya festival on Sunday, April 19, 2026. Furthermore, global jitters concerning potential peace talks between the United States and Iran are providing additional upward momentum to the commodity.
The market’s sentiment has been notably bullish, pushing both gold and silver prices higher on the Multi Commodity Exchange (MCX) since the start of the trading day. This strong backing from geopolitical developments is reinforcing the traditional demand fueled by the auspicious festival season.
India's Gold Rate Snapshot: IBJA and Commodity Benchmarks
According to the latest data released by the Indian Bullion and Jewellers Association Ltd (IBJA), the benchmark rates for fine gold showed consistent increases. As of Thursday, the price for 999 purity fine gold was established at ₹15,331 per gram.Similarly, consumers can reference the standard rates for other purities: 22 carat gold is listed at ₹14,963 per gram, while 20 carat is priced at ₹13,644 per gram. The rates for 18 carat and 14 carat gold were quoted at ₹12,418 per gram and ₹9,888 per gram, respectively.
Chennai's 24K and 22K Gold Rates Today
In Chennai, gold prices mirrored the broader national trend, showing slight gains across major retailers. The pricing for 24 karat gold was reported to range between ₹15,568 and ₹15,665 per gram across leading establishments.For consumers looking for 22 karat gold, the prevailing retail rate in the city spanned between ₹14,255 and ₹14,360 per gram. Key retailers provided specific rates that indicate slight variances across the city, which is common during peak festival demand.
Detailed Rate Comparison at Top Chennai Jewellers
Leading jewelers provided specific figures for multiple purities, offering consumers a granular look at the market. GRT Jewellers, for instance, quoted 24K at ₹15,568/g and 22K at ₹14,260/g.Other prominent retailers also maintained tight price brackets. Jeyachandran Gold House quoted 24K gold at ₹15,665/g, while Kota Gold Jewellery reported 24K rates around ₹15,557/g. Tanishq, a major player, quoted 22k gold at ₹14,300 per gram across its various markets including Chennai.
National Jewellers' Pricing Trends Across Cities
Major retail chains continued to quote competitive, yet varied, rates across metro cities. Kalyan Jewellers maintained a 22k gold jewellery price of ₹14,260 per gram in Chennai, matching rates seen across New Delhi, Mumbai, Kolkata, and Bengaluru.Other big brands offered similar rates for context. Lalitha Jewellery cited 22 karat gold at ₹14,260 per gram. Meanwhile, Joyalukkas quoted 22k gold at ₹14,240 per gram, while Tanishq also listed 22k gold at ₹14,300 per gram. These national benchmarks help gauge the stability and direction of pricing across India.
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