Gold Rate in Madurai

Last Updated: 3rd August 2021
  • 24 Carat Gold Rate (10 grams)
    ₹ 49,500
  • 22 Carat Gold Rate (10 grams)
    ₹ 45,360

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. Gold rate in Madurai today is ₹ 49,500 per 10 grams for 24 Carat and ₹ 45,360 for 22 Carat.

24 Carat Gold Rate in Madurai Today

Digital Gold Price
Gram 24K Gold Price Daily Price Change
1 gram
₹ 4,950 ₹ 0
8 grams
₹ 39,600 ₹ 0
10 grams
₹ 49,500 ₹ 0
100 grams
₹ 4,95,000 ₹ 0

22 Carat Gold Rate in Madurai Today

Gram 22K Gold Price Daily Price Change
1 gram
₹ 4,536 ₹ 0
8 grams
₹ 36,288 ₹ 0
10 grams
₹ 45,360 ₹ 0
100 grams
₹ 4,53,600 ₹ 0

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

Gold Rate in Madurai for Last 15 Days

Date Pure Gold (24K) Standard Gold (22K) % Change
02 August 2021
₹ 49,500 ₹ 45,360 -0.24%
01 August 2021
₹ 49,610 ₹ 45,470 -0.02%
31 July 2021
₹ 49,620 ₹ 45,480 -0.31%
30 July 2021
₹ 49,770 ₹ 45,620 +0.71%
29 July 2021
₹ 49,420 ₹ 45,300 +0.22%
28 July 2021
₹ 49,310 ₹ 45,200 +0.36%
27 July 2021
₹ 49,140 ₹ 45,040 -0.35%
26 July 2021
₹ 49,310 ₹ 45,200 +0.31%
25 July 2021
₹ 49,160 ₹ 45,060 0%
24 July 2021
₹ 49,160 ₹ 45,060 0%
23 July 2021
₹ 49,160 ₹ 45,060 +0.13%
22 July 2021
₹ 49,010 ₹ 45,000 -0.66%
21 July 2021
₹ 49,420 ₹ 45,300 -0.79%
20 July 2021
₹ 49,810 ₹ 45,660 +0.44%
19 July 2021
₹ 49,560 ₹ 45,460 0%
* 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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