Gold prices in Chennai on May 14, 2026 stand at ₹16,418 per gram for 24 carat gold, ₹15,050 per gram for 22 carat gold, and ₹12,570 per gram for 18 carat gold — up ₹33, ₹30, and ₹25 respectively from yesterday’s levels. The marginal day-on-day increase confirms that the new post-duty-hike price floor is holding firm, with gold consolidating at historically elevated levels after the government’s May 12 midnight decision to raise import duty from 6% to 15%.
Chennai continues to trade at a premium over the standard national baseline — ₹185 per gram above Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune on 24 carat gold — reflecting the city’s structurally elevated local levy framework and consistently strong physical demand from Tamil Nadu’s gold market. Delhi trades marginally below Chennai at ₹16,226 per gram, while Gujarat cities Vadodara and Ahmedabad sit at ₹16,238 per gram.
For Chennai consumers, 10 grams of 24 carat gold now costs ₹1,64,180 — up ₹330 from yesterday. The day-on-day move of ₹33 per gram is a fraction of yesterday’s ₹1,391 per gram surge driven by the duty hike — confirming that the dramatic repricing event of May 13 has settled and prices are now in slow-drift mode tracking international spot movements rather than domestic policy shocks.
The Trump-Xi summit in Beijing and Iran ceasefire developments are the key near-term variables. Any diplomatic progress reducing Strait of Hormuz disruption risk would ease crude prices, strengthen the rupee, and create modest downward pressure on gold. The absence of any resolution keeps the safe-haven bid intact at current levels.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.