Gold Rate in Madurai

Last Updated: 27th July 2024

24 Carat Gold Rate (10 grams)

₹ 69,980 -170 (-0.24%)
22 Carat Gold Rate (10 grams)

₹ 64,150 -170 (-0.24%)

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 ₹ 69,980 per 10 grams for 24 Carat and ₹ 64,150 for 22 Carat.

24 Carat Gold Rate in Madurai Today

Digital Gold Price

Gram	24K Gold Price	Daily Price Change
1 gram	₹ 6,998	- ₹ 17
8 grams	₹ 55,984	- ₹ 136
10 grams	₹ 69,980	- ₹ 170
100 grams	₹ 6,99,800	- ₹ 1,700

22 Carat Gold Rate in Madurai Today

Gram	22K Gold Price	Daily Price Change
1 gram	₹ 6,415	- ₹ 15
8 grams	₹ 51,320	- ₹ 120
10 grams	₹ 64,150	- ₹ 150
100 grams	₹ 6,41,500	- ₹ 1,500

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

Gold Rate in Madurai for Last 15 Days

Date	Pure Gold (24K)	Standard Gold (22K)	% Change
26 July 2024	₹ 69,980	₹ 64,150	-0.23%
25 July 2024	₹ 70,150	₹ 64,300	-0.92%
24 July 2024	₹ 70,800	₹ 64,900	-4.70%
23 July 2024	₹ 74,290	₹ 68,100	-0.22%
22 July 2024	₹ 74,450	₹ 68,250	-0.15%
21 July 2024	₹ 74,570	₹ 68,350	0%
19 July 2024	₹ 75,000	₹ 68,750	-0.43%
18 July 2024	₹ 75,330	₹ 69,050	-0.22%
17 July 2024	₹ 75,490	₹ 69,200	+1.99%
16 July 2024	₹ 74,020	₹ 67,850	0%
15 July 2024	₹ 74,020	₹ 67,850	0%
13 July 2024	₹ 74,240	₹ 68,050	-0.29%
12 July 2024	₹ 74,460	₹ 68,250	+0.59%
11 July 2024	₹ 74,020	₹ 67,850	+0.37%
10 July 2024	₹ 73,750	₹ 67,600	0%

Historical Gold Rate in Madurai

Gold Price Movement June 2024

Gold Rates	22 Carat	24 Carat
1^st June rate	₹	₹
30^th June rate	₹ 66,850	₹ 72,930
Highest rate in June	₹ 67,800 on 21st June 2024	₹ 73,970 on 21st June 2024
Lowest rate in June	₹ 66,250 on 27th June 2024	₹ on 1st June 2024
Over all performance	Falling	Falling
% change	%	%

Gold Price Movement May 2024

Gold Rates	22 Carat	24 Carat
1^st May rate	₹	₹ 865
31^st May rate	₹	₹
Highest rate in May	₹ on 1st January 1970	₹ ₹ 965 on 18th May 2024
Lowest rate in May	₹ on 1st January 1970	₹ on 10th May 2024
Over all performance	Falling	Falling
% change	-100.00%	-100.00%

Gold Price Movement April 2024

Gold Rates	22 Carat	24 Carat
1^st April rate	₹	₹ 816
30^th April rate	₹	₹ 870
Highest rate in April	₹ on 1st January 1970	₹ 906 on 17th April 2024
Lowest rate in April	₹ on 1st January 1970	₹ on 7th April 2024
Over all performance	Rising	Rising
% change	+6.62%	+6.62%

* 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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