Chennai 22K Gold Terminal Next | Institutional MJDMA Benchmark & ML Forecast

One sovereign, eight grams

₹ 1,13,160

▼ -₹ 1,000 Today

Rate per gram ₹ 14,145/g

Official Market Date Sep 9, 2026 · 22:40

Today's Market Fix Timeline Live MJDMA Verified

Morning Fix (AM) ₹ 14,270 Previous close

Evening Fix (PM) ₹ 14,145 Latest update

Next Fix Prediction: Tomorrow ~09:53 AM (Gaussian KDE)

Purity Benchmarks Official MJDMA Ratio

24K Gold

₹ 15,431

99.9% Pure

22K Sovereign₹ 14,145
91.6% Hallmark

18K Jewellery

₹ 11,582

75.0% Diamond

Chennai Sub-Market Basis & Wholesale Engine Live Basis

Sowcarpet Wholesale

₹ 14,100

-₹ 45/g (-0.32%) Bullion Disc

T. Nagar Showroom

₹ 14,325

+₹ 180/g (+1.27%) Retail Markup

Wholesale-to-Retail Value Chain Spread: ₹ 225/g

Regional Basis Parity (Tamil Nadu Hubs) ← Swipe Hubs →

Salem ₹ 14,135 (-₹10/g Discount)

Coimbatore ₹ 14,130 (-₹15/g Discount)

Madurai ₹ 14,160 (+₹15/g Premium)

Tiruchirappalli ₹ 14,140 (-₹5/g Discount)

National Spot vs Retail Fix 100% Multi-Source Confidence

IBJA 24K Spot

₹ 15,277

22K: ₹ 14,004

Chennai Retail Spread

+₹ 141/g

+1.01% Premium

Quantitative Risk

σ₃₀d: 16.26%

VaR: ₹ 238/g

Period Performance —

High —

Low —

— 22K Benchmark —

Returns by period

Multi-horizon percentage performance

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1W—

1M—

3M—

6M—

1Y—

3Y—

Moving average & Last movement

30-day benchmark trend

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30-day average
₹ —

Calculating…

Last movement

Analyzing…

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Compare dates

Analyze historical price movement

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Earlier Date

Later Date

Net comparison

Select two dates —

Machine Learning Price Forecast ARIMA-GARCH + Kalman

Vectorized autoregressive time-series projections smoothed with dynamic state-space Kalman filtering.

1-Day

₹ 14,145

0.0%

3-Day

₹ 14,093

-0.37%

7-Day

₹ 13,989

-1.10%

30-Day

₹ 13,850

-2.08%

Merton Jump Diffusion Risk Engine (10,000 Paths) 95% Parametric VaR

1-Day 95% Value at Risk

₹ 238/g (₹ 1,907 / 8g)

1-Day 99% Tail VaR

₹ 356/g

Expected Shortfall (CVaR)

₹ 292/g

Annualized Volatility

16.26% (GARCH 1,1)

Technical Signals & Algorithmic Decision ACCUMULATE ON DIP

Market Sentiment

45 /100

Neutral

14-Period RSI

0 (Dip)50100

RSI: 29.7 Oversold

EMA 9/21 EMA 9: ₹ 14,263 · EMA 21: ₹ 14,349 (Bearish Drift)

DEFENSIVE

Technical indicators show oversold conditions. High-probability entry window.

Historical Rate Log

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Date	Per Gram (22K)	1 Sov (8g)
Loading records…

Jewellery Purchase Calculator Official 3% GST Included

Gold weight presets

Making charge (VA presets)

Weight (g)

Budget (₹)

Making charge (%)

GST (%)

Hallmarking fee (₹)

Old gold exchange deduction (optional)

Scrap weight (g)

Scrap purity

Itemized Purchase Quotation

Base 22K Gold Cost:₹ 1,13,160

Making Charges (8%):₹ 9,053

GST (3%):₹ 3,668

Hallmarking / Flat Fees:₹ 45

Net Payable Amount ₹ 1,25,926

Based on live 22K MJDMA rate.

Jewellery Bill Verifier & Bargain Auditor

Audit shop quote against fair Chennai benchmarks

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Ornament Weight (grams)

Jewellery Design Type

Shop Quoted Total Bill (₹)

Shop Quoted Wastage / VA (%)

Chennai Fair Price Audit Fair Deal

Pure Gold Worth ₹ 2,26,320

Fair Making (VA) ₹ 23,764

GST (3%) + Hallmark ₹ 7,547

Fair Net Price ₹ 2,57,631

✅ Excellent Deal: Quoted price matches the official Chennai benchmark. No excessive markup detected.

Old Gold Melt & Exchange Estimator

Valuate old jewellery before visiting showroom

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Old Gold Gross Weight (g)

Hallmark Purity

Net Pure Gold 23.64g (22K equiv)

Melt Loss (1.5%) -0.36g

Immediate Cash Out ₹ 3,27,698

New Exchange Value ₹ 3,34,386 (100%)

💡 Chennai Trade Practice: Exchanging old 22K jewellery for new 22K items carries 0% melt deduction at reputable showrooms. Insist on 100% weight-to-weight exchange!

11-Month Jeweller Scheme vs Gold SIP Newton-Raphson XIRR

Monthly Installment (₹)

Jeweller Chit Scheme Model

Expected Jewellery VA / Making (%)

Projected Gold Appreciation (%)

11-Month Yield Comparison Weight Scheme Wins

Jeweller Scheme Gold 7.78g

Effective XIRR Yield 38.3% p.a.

Direct Coin SIP 7.26g

Coin SIP XIRR 14.2% p.a.

Total Capital Paid ₹ 1,10,000 (11 mo)

Making Charge Savings ₹ 15,400

Parity Breakeven Rate ₹ 14,754/g

Accumulation Advantage +0.52g (+7.1%)

⚖️ Quantitative Verdict: For jewellery buyers, the Weight-based Scheme (GRT/Lalitha) outperforms Cash Bonus chits because you accumulate gold at each month's fix while securing a 100% making charge waiver at maturity.

Gold Portfolio & ROI Ledger

0.0g tracked

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Total Gold 0.00g 0.00 Sovereigns

Invested Cost ₹ 0 ₹ 0/g avg

Current Value ₹ 0 At live benchmark

Net Return ₹ 0 (0.0%) —

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Label / Occasion

Date & Label	Weight	Buy Rate	Current Val	P&L
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Target Price Alarm Watchdog Acoustic Chime Alert

Set a dip-buying or profit-booking target price. The terminal checks live fix feeds and fires physical acoustic coin chimes and haptic vibrations when triggered.