Gold Rate in Madurai

Last Updated: 25th June 2022
  • 24 Carat Gold Rate (10 grams)
    ₹ 51,850 -190 (-0.37%)
  • 22 Carat Gold Rate (10 grams)
    ₹ 47,530 -190 (-0.37%)

The cultural significance of gold is deeply rooted in the land of Madurai. It is also evident in the city’s ancient Meenakshi temple, a UNESCO world heritage site that has gold shrines above the sanctums of the idols. As evident, gold is quite popular here in the form of jewellery and other ornaments. Like any other city, the gold rates depend on various factors including rupee-dollar trends, domestic demand, festivity schedule, inflation, etc. Today Gold rate in Madurai is ₹ 51,850 per 10 grams for 24 Carat and ₹ 47,530 for 22 Carat.

24 Carat Gold Rate in Madurai Today

Digital Gold Price
Gram 24K Gold Price Daily Price Change
1 gram
₹ 5,185 - ₹ 19
8 grams
₹ 41,480 - ₹ 152
10 grams
₹ 51,850 - ₹ 190
100 grams
₹ 5,18,500 - ₹ 1,900

22 Carat Gold Rate in Madurai Today

Gram 22K Gold Price Daily Price Change
1 gram
₹ 4,753 - ₹ 17
8 grams
₹ 38,024 - ₹ 136
10 grams
₹ 47,530 - ₹ 170
100 grams
₹ 4,75,300 - ₹ 1,700

Gold Rate Comparison (24K vs 22K) in Madurai

Gold Rate in Madurai for Last 15 Days

Date Pure Gold (24K) Standard Gold (22K) % Change
24 June 2022
₹ 51,850 ₹ 47,530 -0.36%
23 June 2022
₹ 52,040 ₹ 47,700 +0.32%
22 June 2022
₹ 51,860 ₹ 47,550 -0.42%
21 June 2022
₹ 52,090 ₹ 47,750 -0.21%
20 June 2022
₹ 52,190 ₹ 47,850 +0.21%
19 June 2022
₹ 52,090 ₹ 47,750 0%
18 June 2022
₹ 52,090 ₹ 47,750 -0.21%
17 June 2022
₹ 52,180 ₹ 47,850 +0.42%
16 June 2022
₹ 51,980 ₹ 47,650 +0.95%
15 June 2022
₹ 51,500 ₹ 47,200 -0.74%
14 June 2022
₹ 51,880 ₹ 47,550 -1.82%
13 June 2022
₹ 52,830 ₹ 48,430 0%
12 June 2022
₹ 52,830 ₹ 48,430 +0.02%
11 June 2022
₹ 52,820 ₹ 48,420 +1.19%
10 June 2022
₹ 52,200 ₹ 47,850 0%

Historical Gold Rate in Madurai

Gold Price Movement May 2022

Gold Rates 22 Carat 24 Carat
1st May rate ₹ 49,020 ₹ 53,480
31st May rate ₹ 47,920 ₹ 52,260
Highest rate in May ₹ 49,030 on 1st May 2022 ₹ 53,490 on 1st May 2022
Lowest rate in May ₹ 47,280 on 17th May 2022 ₹ 51,580 on 17th May 2022
Over all performance Falling Falling
% change -2.28% -2.28%

Gold Price Movement April 2022

Gold Rates 22 Carat 24 Carat
1st April rate ₹ 48,340 ₹ 52,730
30th April rate ₹ 49,030 ₹ 53,490
Highest rate in April ₹ 50,480 on 19th April 2022 ₹ 55,070 on 19th April 2022
Lowest rate in April ₹ 47,930 on 1st April 2022 ₹ 52,290 on 1st April 2022
Over all performance Rising Rising
% change +1.44% +1.44%

Gold Price Movement March 2022

Gold Rates 22 Carat 24 Carat
1st March rate ₹ 47,880 ₹ 52,230
31st March rate ₹ 47,930 ₹ 52,290
Highest rate in March ₹ 51,050 on 9th March 2022 ₹ 55,690 on 9th March 2022
Lowest rate in March ₹ 47,800 on 24th March 2022 ₹ 52,150 on 24th March 2022
Over all performance Rising Rising
% change +0.11% +0.11%
* Gold rates are reflective of market trends and interest rates. They do not include GST, TCS and other levies. For the latest and exact prices contact your local jeweller. Making charges may apply.
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About Gold Rate in Madurai

Another factor playing in favour of the gold trade here is the bustling trade and industrial network here. The entire city is dotted with traders of all sorts, and gold dealers are no exception.

Thus, market fluctuations play a major role in determining gold prices here. Inflation, interest rate trends, state taxes, octroi, and making charges are some other factors. International market factors such as crude oil prices, rupee-dollar trends, and strength of international currencies, also play an important role in the same.

Given the prevalence of agriculture in the city, a good monsoon also harbours gigantic gold demands from the rural sections. It goes without saying that gold jewellery tops the choice of locals for gold investment. It is evident in the shooting demands for the gold ornaments during the wedding seasons, festivals, and other auspicious occasions.

However, the city is fast catching up with the trend of investing in digital and electronic gold. Exchange Trade Funds (ETFs), sovereign gold bonds, gold mutual funds, and gold futures are some of the popular choices.

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