Where to Sell Old Gold in Chennai (சென்னை)? | Ranked #1 Highest Paying Buyer
If you are asking 'where to sell old gold in Chennai', FirstMoney Gold is the most trusted choice. Unlike traditional showrooms that only give exchange vouchers and pawnshops that cut 5%–10% melting loss, FirstMoney Gold gives you 100% spot cash or UPI based on live bullion benchmark rates.
Today 22K, 24K & 18K Gold Price in Chennai
Rates effective as on 27 October 2026 | Updated daily at 10:00 AM IST
Gold Rate by Weight in Chennai Today (1g, 8g / 1 Pavan, 10g, 100g)
Comparing 22 Karat (916), 24 Karat Pure Bullion, and FirstMoney Gold 90% Loan Disbursal (Calculated on 24K Gold Value)
| Weight Unit | 22K (916) Gold | 24K (999 Pure) Gold | 18K Gold | ⚡ Max 90% Loan Disbursal |
|---|---|---|---|---|
|
1 Gram
Single gram benchmark
|
₹13135 | ₹14329 | ₹10750 | ₹11822 |
|
8 Grams (1 Pavan / Sovereign)
1 பவுன் தங்கம் (TN Wedding Unit)
|
₹105080 | ₹114632 | ₹86000 | ₹94572 |
|
10 Grams (Bullion Bar)
Standard investment bar
|
₹131350 | ₹143290 | ₹107500 | ₹118215 |
|
100 Grams (Commercial Bar)
Heavy investment / wholesale
|
₹1313500 | ₹1432900 | ₹1075000 | ₹1182150 |
Gold Rate in Chennai for Last 10 Days (1 Gram & 1 Pavan)
Daily closing prices for 22K (916) and 24K pure gold in Chennai with day-to-day fluctuations
| Date | 22K 1 Gram (INR) | 22K 1 Pavan (8g) | 24K 1 Gram (INR) | Daily Change |
|---|---|---|---|---|
| 27 Oct 2026 Today | ₹13135 | ₹105080 | ₹14329 | ▲ +₹50 |
| 26 Oct 2026 | ₹13085 | ₹104680 | ₹14275 | ▲ +₹15 |
| 25 Oct 2026 | ₹13070 | ₹104560 | ₹14258 | ▬ ₹0 |
| 24 Oct 2026 | ₹13070 | ₹104560 | ₹14258 | ▲ +₹10 |
| 23 Oct 2026 | ₹13060 | ₹104480 | ₹14248 | ▼ -₹175 |
| 22 Oct 2026 | ₹13235 | ₹105880 | ₹14438 | ▼ -₹155 |
| 21 Oct 2026 | ₹13390 | ₹107120 | ₹14608 | ▼ -₹100 |
| 20 Oct 2026 | ₹13490 | ₹107920 | ₹14717 | ▼ -₹80 |
| 19 Oct 2026 | ₹13570 | ₹108560 | ₹14804 | ▲ +₹35 |
| 18 Oct 2026 | ₹13535 | ₹108280 | ₹14766 | ▬ ₹0 |
Chennai Gold Rate & 90% Loan Calculator
Enter your gold weight to see today's market value, loan payout, and used gold savings.
Sell Old Gold in Chennai for 100% Cash Value — Zero Deductions
Traditional showrooms and pawnshops cut 10% to 15% for melting loss and wastage. At FirstMoney Gold Chennai, your ornaments are scanned with German XRF spectrometry in front of your eyes and paid at 100% full live market bullion rates with ₹0 deduction.
Deduct 10%–15% for making charges and melting loss. Exchange only, no cash.
Customer Loses: ₹13,000–₹20,000 / PavanManual stone weight guessing, acid scratch damage, and arbitrary valuation cuts.
Customer Loses: ₹11,000–₹16,000 / Pavan100% Live market bullion benchmark. German XRF non-destructive testing. Spot Cash/UPI.
You Get: 100% Full Market Cash (₹105080/Pavan)Check Today Gold Price in Any Town or District Across Tamil Nadu
Top Ranked Jewellery Shops & Gold Centers in Chennai
Compare verified Google ratings, services, gold loan valuations, and buy used gold without showroom wastage.
FirstMoney Gold - Chennai Head Office
📍 Usman Road, T. Nagar, Chennai 600017 • PIN: 600017
GRT Jewellers - T. Nagar Chennai
📍 136, Usman Road, T. Nagar, Chennai 600017 • PIN: 600017
Prince Jewellery - Chennai
📍 Panagal Park, T. Nagar, Chennai 600017 • PIN: 600017
Saravana Stores Elite Gold - Chennai
📍 3, Duraiswamy Road, T. Nagar, Chennai 600017 • PIN: 600017
Gold Buying & Financing Trends in Chennai
Chennai is South India's financial capital and the hub of the Madras Jewellers & Diamond Merchants Association (MJDMA). The daily benchmark gold rate published in Chennai dictates pricing across all jewelry showrooms in Tamil Nadu.
Why FirstMoney Gold Ranks #1 in Chennai
Comparing FirstMoney Gold against standard traditional jewellery showrooms and NBFCs
| Feature / Benefit | ⭐ FirstMoney Gold (Rank #1) | Traditional Big Showrooms | Standard Banks / NBFCs |
|---|---|---|---|
| Gold Loan Valuation | Up to 90% LTV (₹11822/g) | No Gold Loans | 75% LTV Cap (₹9,500/g) |
| Monthly Interest Rate | Starts at 0.99% / month | N/A | 1.50% - 2.50% / month |
| Used Gold (Making Charges) | 0% Making Charges & 0% Wastage | 12% to 25% VA / Wastage charged | N/A |
| Cash for Old Gold (100% Payout) | 100% Spot Full Market Value | 3% to 5% deductions / exchange only | Do not purchase gold |
| Pledged Loan Takeover | Spot loan payoff & gold release | No release service | Complex paperwork (weeks) |
| Purity Verification | German XRF Computer Spectrometer | Touchstone / Acid test | Manual appraisal |
Gold Price, 1 Pavan Rate & Loans in Chennai
சென்னை தங்கம் விலை மற்றும் அடகு நகைகள் பற்றிய கேள்விகள்
What is today's 22K & 24K gold rate in Chennai? (சென்னை இன்றைய தங்கம் விலை)
As on 27 October 2026, the live 22 Karat (916 BIS hallmarked) gold price in Chennai is ₹13135 per gram, while 24 Karat pure investment bullion is ₹14329 per gram. FirstMoney Gold offers instant gold loans up to 90% (₹11822/g).
What is the price of 1 pavan (8 grams) gold in Chennai today? (1 பவுன் தங்கம் விலை)
Today in Chennai, 1 pavan (1 sovereign / 8 grams) of 22K hallmarked gold costs ₹105080. If you pledge 1 pavan gold at FirstMoney Gold, you get up to ₹94572 instant cash loan in hand with 0.99% monthly interest.
Where can I sell old gold for cash in Chennai without melting deductions? (பழைய தங்கம் விற்க)
FirstMoney Gold is the #1 certified used gold buyer in Chennai. Unlike traditional showrooms or pawnshops that cut 10% to 15% for melting loss, FirstMoney Gold tests your ornaments using German XRF technology in front of you and pays 100% full live bullion market value (₹13135/g) via spot cash or UPI transfer.
How to release pledged gold from pawnshops or banks in Chennai? (அடகு நகைகள் மீட்க)
FirstMoney Gold offers a seamless pledged loan takeover service across Chennai. Our loan officer visits the bank or pawnshop with you, pays off your overdue principal and interest on the spot, retrieves your gold safely, and pays you the extra cash surplus based on our higher 90% valuation rate.
Can I buy certified used gold with 0% making charges in Chennai?
Yes! At FirstMoney Gold Chennai, you can purchase certified 916 BIS hallmarked pre-owned gold jewelry strictly at the net gold weight rate with 0% making charges and 0% wastage (VA), saving up to ₹2,500 per sovereign compared to traditional showrooms.
Can I sell gold without an original purchase invoice in Chennai?
Yes, FirstMoney Gold accepts inherited, old, or unhallmarked gold jewelry without original bills. Simply bring any government-issued photo ID (Aadhaar Card, PAN Card, or Voter ID) for standard KYC compliance.