Gold Rate Today In Chennai, Madurai, Coimbatore Crash For 4th Day By Rs 40,000; Know 24K, 22K, 18K Gold Prices

Gold rates in India crashed for the fourth consecutive day on October 15, 2026. On Thursday alone, the 24-carat gold price dropped by at least Rs 8,200 in 100 grams and Rs 820 in 10 grams. The reason is elevated inflation, which heightens the possibility of aggressive rate hikes ahead. The physical gold prices did not find comfort from the decline in crude oil prices after a five-consecutive-day rally. At the far end of southern India, amidst the Navratri festival, gold prices has crashed up to Rs 40,000 in cities like Chennai, Madurai and Coimbatore.

Gold Rates In Chennai + Gold Rates In Madura + Gold Rates In Coimbatore:

Gold prices are on same levels in these three cities. On October 15, 2026, 24-carat gold price dropped by Rs 8,200 in 100 grams to Rs 14,74,400 and plunged by Rs 820 in 10 grams to Rs 1,47,400. Meanwhile, 22-carat gold prices declined by Rs 7,500 to Rs 13,51,500 per 100 grams and slipped by Rs 750 to Rs 1,35,150 per 10 grams. In case of 18-carat, 100 grams gold tumbled by Rs 5,000 to Rs 11,11,500 per 100 grams and dipped by Rs 500 to Rs 1,11,150 per 10 grams.

The 1 gram gold price stood at Rs 14,744 in 24-carat, at Rs 13,515 in 22-carat and at Rs 11,115 in 18-carat. Meanwhile, 8 grams gold rate is at Rs 1,17,952 in 24-carat, at Rs 1,08,120 in 22-carat and at Rs 88,920 in 18-carat.

As per Vikram Subburaj, CEO, Giottus.com, the global interest-rate outlook remains a key driver. Stronger US inflation has reinforced concerns that the Federal Reserve may keep monetary policy restrictive for longer. A firm dollar and elevated Treasury yields tend to weigh on gold and silver because they increase the opportunity cost of holding non-yielding assets.

For Indian investors, he added, currency movements add another layer of volatility. Rupee weakness can cushion domestic bullion prices when international prices fall, but it may not fully offset a sharp global correction. The immediate bias remains cautious, particularly for silver. Investors should avoid treating a temporary bounce as a confirmed reversal. The next move will depend on the dollar, US yields and whether buying emerges around the current support zones.

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