22 hours Ago By Avni Arya
Chennai: As the sparkle of Akshaya Tritiya fills the air, Chennai has emerged as the most expensive city in India to buy gold this festive season. With prices touching Rs 95,780 per 10 grams on Wednesday morning, the city has topped the charts, reflecting a surge in festive demand as residents rush to mark the auspicious day with traditional purchases of the yellow metal.According to the India Bullion and Jewellers Association (IBJA), gold prices have risen across the country in response to the day’s high demand, with Chennai leading the pack.
Gold Rates Across Major Cities – Chennai on TopHere’s a snapshot of gold prices (per 10 grams) as of 7:11 a.m. on 30 April 2025:Chennai – Rs 95,780Bengaluru – Rs 95,580Mumbai – Rs 95,500Kolkata – Rs 95,380New Delhi – Rs 95,340Also Read: Gold Prices On Akshaya Tritiya: Here's What It Costs in Delhi, Mumbai, Chennai, and MoreThe national benchmark price, as per IBJA, stood at Rs 95,680 per 10 grams.
Meanwhile, on the Multi Commodity Exchange (MCX), gold futures maturing on 5 June were down slightly by 0.64%, trading at Rs 95,410.Why Gold is in Demand TodayAkshaya Tritiya is deeply rooted in Indian tradition as a day of good fortune and prosperity, and buying gold is considered especially auspicious.
This has turned the day into one of the busiest shopping periods for jewellers, with families viewing gold not just as a symbol of wealth, but as a secure investment for the future.What’s Happening GloballyWhile domestic markets are seeing a festive upswing, global spot gold prices dipped slightly, down 0.03% to USD 3,316.
35 per ounce on Tuesday. This comes after recent highs, with gold even breaching the USD 3,500 per ounce mark last week.Analysts suggest that international gold prices are being steadied by mixed signals, including a statement from US President Donald Trump about easing auto tariffs and improved trade talks, alongside continuing global economic uncertainties.
Demand from central banks and gold ETFs, particularly in China, has also kept the metal in bullish territory. So far in 2025, gold has already gained over 25%.Silver Shines TooGold isn't the only metal glittering this Akshaya Tritiya.
Silver prices also remain robust, with IBJA reporting it at Rs 97,970 per kilogram. The white metal has even crossed the Rs 1 lakh mark multiple times this year, driven by rising industrial demand, especially in the renewable energy and electronics sectors..
