Gold Prices Drop in Chennai Amid Subdued Demand on Akshaya Tritiya
Gold price in Chennai today (April 20, 2026): 24K, 22K gold rates at leading jewellers in the city, IBJA
The Economic Times
Image: The Economic Times
On April 20, 2026, gold prices in Chennai fell as demand during the auspicious festival of Akshaya Tritiya decreased by 30%. The price of 24K gold is now around ₹15,500 per gram, while 22K gold ranges from ₹13,980 to ₹14,235 per gram, influenced by a strong US dollar.
- 01Gold demand during Akshaya Tritiya decreased by 30% this year.
- 0224K gold is priced at approximately ₹15,500 per gram in Chennai.
- 0322K gold prices range from ₹13,980 to ₹14,235 per gram.
- 04Gold futures on the Multi Commodity Exchange (MCX) dropped by ₹1,310 to ₹1,53,299 per 10 grams.
- 05Prices vary across different leading jewellers in Chennai.
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On April 20, 2026, gold prices in Chennai experienced a decline due to subdued demand during the Akshaya Tritiya festival, which saw a 30% drop in volume compared to previous years. The price of 24K gold is currently around ₹15,500 per gram, down from ₹15,400 per gram on Friday. The 22K gold prices in the city range from ₹13,980 to ₹14,235 per gram. This decline is attributed to the strength of the US dollar, impacting precious metal prices. The Multi Commodity Exchange (MCX) reported that gold futures fell by ₹1,310, bringing the total to ₹1,53,299 per 10 grams. Retail prices for gold vary among jewellers, with GRT Jewellers quoting ₹15,540 for 24K gold and ₹14,235 for 22K gold. Other retailers like Vummidi Bangaru Jewellers and Jeyachandran Gold House also reported similar price ranges, reflecting the overall trend in the market.
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The decline in gold prices may lead to lower costs for consumers looking to purchase gold jewelry, especially during festive seasons.
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