Gold Prices And Making Charges For Jewellery In Chennai: All Details Here For Buyers

On October 15, 2025, the cost of making gold jewelry in Chennai remains a significant expense for buyers. These charges add a notable premium to the daily gold rate. Factors like design intricacy, brand reputation, and ornament type influence these charges, which typically range from 8% to 30% of the gold's value. However, variations exist depending on the jeweler.

Gold Prices in Chennai

The price for 22 Karat gold is ₹11,860 per gram, while 24 Karat gold costs ₹12,938 per gram. Retailers and market conditions may cause slight differences in these prices.

Typical Making Charges

In Chennai, making charges generally fall between 8% and 30% of the total gold price. This depends on both the jeweller and the type of ornament being purchased. For instance, chains have varying charges: Tanishq applies a range of 9% to 25%, Malabar Gold & Diamonds charges between 13% and 19%, while Kalyan Jewellers can go up to 36% for ornate pieces. Joyalukkas offers designer chains with fees ranging from 22% to 59%.

Bangles also have diverse making charges. Reputable jewellers such as GRT charge between 15% and 20%, whereas Kalyan Jewellers are known for higher rates reaching up to 37%. Simpler designs tend to incur lower fees compared to heavy or intricately hand-crafted pieces.

Understanding these variations is crucial for anyone planning to purchase gold jewellery in Chennai. The choice of jeweller and design can significantly impact the overall cost due to these additional charges.

How To Calculate Gold Making Charges?

Here's an example by ClearTax:

Calculation By Using A Flat Rate: If you buy 10 g of gold and the seller uses a flat rate of Rs. 500/g to calculate the making charge, then the making charge you will pay is Rs. 10 x 500 = Rs. 5000.

Calculation By Percentage: Suppose you buy the Gold worth of Rs. 7,00,000. If the jeweller levies 10% as making charges, then making charges you will pay are 10% of Rs. 7,00,000 = Rs. 70,000.

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