Gold in Chennai costs ₹13,255 a gram for 22-carat on 9 November 2026, up ₹95 from the previous rate. That puts one sovereign (8 grams) at ₹1,06,040. Silver is unchanged at ₹205 a gram, or ₹2,05,000 a kilogram, according to the Madras Jewellers and Diamond Merchants Association.
On the Multi Commodity Exchange (MCX), December gold futures traded at ₹1,43,967 per 10 grams around midday, up ₹1,415. December silver traded at ₹1,88,599 a kilogram, up ₹3,499, Business Standard reported.
Gold and silver rates today at a glance
Rate | Gold | Silver | As of |
|---|---|---|---|
Chennai retail (jewellers’ association) | 22K: ₹13,255 a gram, ₹1,06,040 a sovereign. 18K: ₹10,850 a gram | ₹205 a gram, ₹2,05,000 a kg | 9 November 2026, morning |
MCX December futures | ₹1,43,967 per 10 g | ₹1,88,599 per kg | 9 November 2026, about 12:10 pm |
IBJA benchmark (999 gold) | ₹14,145 a gram | Not shown | 6 November 2026, closing |
International (Comex futures) | $4,128.50 an ounce | $53.10 an ounce | 9 November 2026, about 12:10 pm |
Retail and benchmark rates are before GST and making charges. The Sunday Guardian put 24-carat gold at ₹14,460 a gram at the retail level today.
Why you see three different prices
Each number measures a different thing.
IBJA rate: the benchmark from the India Bullion and Jewellers Association in Mumbai. It is published as an opening and a closing rate, excludes 3% GST and making charges, and is not issued on Saturdays, Sundays or central government holidays. When we checked the IBJA website on the afternoon of 9 November 2026, the latest closing rate was for 6 November.
MCX futures: contracts traded on the exchange. They move through the day with international prices and the rupee.
Retail rate: the rate on the jeweller’s board, set by the local association. Chennai’s rate this morning already reflects Monday’s rise, while the benchmark still shows Friday’s close.
What a sovereign costs at the counter today
The board rate is not the bill. This is one sovereign of 22-carat gold at today’s Chennai rate, with a 10% making charge taken as an example.
Item | Amount |
|---|---|
Gold value (8 g × ₹13,255) | ₹1,06,040 |
Making charge (assumed 10%) | ₹10,604 |
GST on gold (3%) | ₹3,181 |
GST on making charge (5%) | ₹530 |
Total | ₹1,20,355 |
Making charges differ from shop to shop and by design, so ask for the rate before choosing a piece. Ask for a bill that shows the gold rate, weight, making charge and GST on separate lines. Hallmarked jewellery carries a six-digit HUID number, which can be checked on the BIS Care app.
Why prices rose today
Lower crude oil prices eased inflation worries, Business Standard reported. Brent crude fell to about $97 a barrel, according to Zee Business. Gold crossed $4,100 an ounce in the international market, though expectations that the US Federal Reserve will keep policy tight limited the gains.
Silver moved more than gold. On MCX it rose about 1.9% against gold’s 1%. Silver has heavy industrial use, so it tends to swing harder in both directions. At today’s Comex prices, one ounce of gold buys about 78 ounces of silver.
Both metals remain well below this year’s peaks. MCX gold touched ₹1,80,779 per 10 grams earlier in 2026 and silver touched ₹4,20,048 a kilogram. Gold is about 20% below that high and silver about 55% below.
What to watch this week
Date | Event |
|---|---|
10 November 2026 | US consumer inflation (CPI) data for October, 7:00 pm IST |
9 December 2026 | US Federal Reserve rate decision |
A higher inflation reading would strengthen the case for tighter US policy, which usually weighs on gold. The rupee matters as well: a weaker rupee raises the local price even when the international price is flat.
FAQ
What is the gold rate today in Chennai?
On 9 November 2026, 22-carat gold is ₹13,255 a gram and ₹1,06,040 a sovereign, before GST and making charges.
What is the silver price today?
Silver is ₹205 a gram in Chennai on 9 November 2026. MCX December silver futures traded at ₹1,88,599 a kilogram around midday.
Why is the jeweller’s bill higher than the rate shown online?
Published rates exclude tax and labour. The bill adds the making charge, 3% GST on the gold value and 5% GST on the making charge.
Sources: Madras Jewellers and Diamond Merchants Association, India Bullion and Jewellers Association, Business Standard, Zee Business, The Sunday Guardian, US Bureau of Labor Statistics release schedule
This article is for information only and is not investment advice.
Field | Value |
|---|---|
Headline (H1) | Gold, Silver Price Today: Chennai 22K at ₹13,255 a Gram, Up ₹95 |
SEO title | Gold Silver Price Today in India: 22K at ₹13,255 a Gram (55 characters) |
Meta description | Gold and silver price today, 9 November 2026: Chennai 22K gold ₹13,255 a gram, silver ₹205 a gram. MCX gold near ₹1.44 lakh per 10 g. (133 characters) |
Slug |
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Category | Business & Finance → Markets & IPO |
Author | Tamil Selvam |
Tags | Gold Rate · Silver Rate · MCX · IBJA · Chennai Gold Rate |
Three things to know before this goes live:
It expires tonight. A “price today” page with yesterday’s number is worse than no page. Publish it only if the desk or the engine refreshes the headline, the first two paragraphs and the table every day, ideally after the Chennai morning rate and again after the IBJA closing rate.
Confirm the Chennai rate against the association’s own rate card. I took it from a local site quoting the association’s rates, and The Sunday Guardian shows the same ₹13,255. Aggregators disagree: Goodreturns was still showing ₹13,159 and Paytm ₹13,529.
What I dropped. The Reserve Bank and World Gold Council buying claim, sovereign gold bonds and the import duty line are out because I could not verify them today.
