Gold rate today in Chennai, November 4: Know 22 karat, 24 karat and 18 karat rates before your Dhanteras, Diwali buy

In the units most families here buy in, 10 grams of 24 karat costs ₹1,39,800, 22 karat ₹1,28,160 and 18 karat ₹1,04,850, the last worked out at 75% purity.

Dhanteras falls on Friday, November 6, and Diwali on Sunday, November 8. Wednesday's session added ₹270 per 10 grams to 24 karat and ₹250 to 22 karat, after a 3.51% slide on October 31 that knocked ₹5,060 off every 10 grams of 24 karat gold.

From October's high of ₹1,51,570, the metal is still down close to ₹12,000 per 10 grams.

Tamil Nadu buyers lean on 22 karat for temple jewellery and heavy bridal work, where the alloy keeps large pieces wearable, while 18 karat dominates diamond-studded and light daily-wear designs.

An 18 karat purchase costs roughly a quarter less per gram than 24 karat, which is why studded collections move fastest when prices are high.

Please note the above rates are indicative and a specific store's quote may differ. So compare rates across shops on your own before deciding. The final bill will also exceed the karat price once making charges and 3% GST are added. For instance, a 10-gram 22 karat piece with 10% making charges attracts GST of ₹4,229, taking the total to about ₹1,45,205.