Drop in Gold Price Again! Check Latest 24K, 22K & 18K Gold Rates Today in Chennai After Fed Interest Rate Cut

Gold prices in Chennai saw a modest decline on September 18, 2025, following a slight dip in the previous session. The rate for 24 karat gold has recorded at Rs 11,149 per gram, while 22 karat gold, typically used in jewellery, stood at Rs 10,220 per gram. Both variants registered a downward movement, with 24K falling by Rs 55 and 22K by Rs 50 from the day before.

Gold Rate Today: Check Latest 24K, 22K & 18K Gold Prices in Chennai on September 18, 2025

24 Karat Gold Rate Today in Chennai

Starting with 24 karat gold, which is considered the purest form of gold, the rate per gram fell to Rs 11,149, registering a drop of Rs 55 compared to the previous day's rate of Rs 11,204. For those purchasing in larger quantities, the price for 8 grams stood at Rs 89,192, down Rs 440 from Rs 89,632.

A 10 gram purchase, often used as a benchmark in retail pricing, cost Rs 1,11,490, lower by Rs 550 from Rs 1,12,040 a day earlier. Buyers looking to invest in bulk would have paid Rs 11,14,900 for 100 grams, reflecting a substantial decrease of Rs 5,500 from the previous rate of Rs 11,20,400.

Chennai Gold Rate Today: Check 22 Karat Gold Prices on September 18, 2025

For 22 karat gold, which is widely used in jewellery making due to its blend of purity and durability, the rate per gram was Rs 10,220, falling by Rs 50 from Rs 10,270 the previous day. The price for 8 grams was Rs 81,760, down Rs 400 from Rs 82,160. A 10 gram purchase was priced at Rs 1,02,200, showing a decline of Rs 500 from the previous day's Rs 1,02,700. Meanwhile, 100 grams of 22 karat gold cost Rs 10,22,000, lower by Rs 5,000 from Rs 10,27,000 on September 17.

Today's Gold Rate in Chennai: Check Latest 18 Karat Gold Prices

The rate of 18 karat gold, which is commonly used in fashion jewellery and light ornaments, also saw a downward revision. The price per gram was Rs 8,470, down Rs 40 from the previous day's Rs 8,510. For 8 grams, the price was Rs 67,760, a reduction of Rs 320.

10 grams of 18 Karat on Thursday are available at Rs 84,700, Rs 400 less than the earlier rate of Rs 85,100. The price for 100 grams stood at Rs 8,47,000, dropping by Rs 4,000 compared to Rs 8,51,000 on previous day.

Gold Rate in India After US Fed Cut Rates By 25 bps

On September 18, 2025, gold prices in India eased slightly following the U.S. Federal Reserve's decision to cut interest rates, a move that influenced global commodity markets, including precious metals.

In response to the rate cut, 24 karat gold was priced at Rs 11,117 per gram, reflecting a decline of Rs 54 from the previous day. 22 karat gold, commonly used in jewellery, was down by Rs 50, settling at Rs 10,190 per gram. Meanwhile, 18 karat gold saw a reduction of Rs 40, with the price reaching Rs 8,338 per gram.

Ross Maxwell, Global Strategy Lead at VT Markets said, "The FED continues to face a delicate balancing act following a 0.25% rate cut at its latest meeting in September.
Whilst the rate cut was expected.... with 10 out of 19 policy makers seeing two or more rate cuts this year. Powell recognised that downside risks to the labour market have risen where supply has outstripped demand, citing AI as one of the reasons for slower hiring.
Inflation is still a concern, with costs resulting from tariffs still expected to be passed onto the consumer."

"Financial markets are likely to welcome the rate cut in the near term, as lower borrowing costs ease pressure on households and businesses. Equity markets may see short-term support, though bond yields could remain volatile as investors weigh growth concerns against inflation risks," the expert said.

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