The fascination of Coimbatore for gold dates back to the pages of history. A fast-growing 2 tier city with a high standard of living, this South Indian city continues to have a soft corner for gold investment. Here, the gold rates are mainly based on market fluctuation and availability, among others. Today Gold rate in Coimbatore is ₹ 77,680 per 10 grams for 24 Carat and ₹ 71,210 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,768 | + ₹ 60 |
8 grams
|
₹ 62,144 | + ₹ 480 |
10 grams
|
₹ 77,680 | + ₹ 600 |
100 grams
|
₹ 7,76,800 | + ₹ 6,000 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,121 | + ₹ 55 |
8 grams
|
₹ 56,968 | + ₹ 440 |
10 grams
|
₹ 71,210 | + ₹ 550 |
100 grams
|
₹ 7,12,100 | + ₹ 5,500 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
20 November 2024
|
₹ 77,080 | ₹ 70,660 | +0.01% |
19 November 2024
|
₹ 77,070 | ₹ 70,650 | +1.89% |
18 November 2024
|
₹ 75,640 | ₹ 69,340 | 0% |
15 November 2024
|
₹ 75,760 | ₹ 69,450 | +0.14% |
14 November 2024
|
₹ 75,650 | ₹ 69,350 | -1.56% |
13 November 2024
|
₹ 76,850 | ₹ 70,450 | -0.56% |
12 November 2024
|
₹ 77,290 | ₹ 70,850 | -1.87% |
11 November 2024
|
₹ 78,760 | ₹ 72,200 | 0% |
08 November 2024
|
₹ 79,470 | ₹ 72,850 | +1.18% |
07 November 2024
|
₹ 78,560 | ₹ 72,000 | -2.24% |
06 November 2024
|
₹ 80,350 | ₹ 73,650 | +0.14% |
05 November 2024
|
₹ 80,240 | ₹ 73,550 | -0.20% |
04 November 2024
|
₹ 80,400 | ₹ 73,700 | 0% |
30 October 2024
|
₹ 81,160 | ₹ 74,400 | +0.88% |
29 October 2024
|
₹ 80,450 | ₹ 73,750 | 0% |
International factors also seem to play an important role in the same, particularly international currency fluctuations and global trade policies.
Pledging gold as collateral to meet financial needs has been a constant feature of the Indian gold market. Traditionally, households use gold loans to meet costs of health, education, and marriage. Small businesses use them for their working capital needs. Coimbatore treads on the same path.
With modernisation, the city hasn’t abandoned its favourite precious metal. Rather, Coimbatore has slowly adapted to the new ways of investing in gold digitally. The popularity of gold sovereign bonds, trade exchanges, and gold futures is rising with each passing day.