Gold Rate in Madurai

Last Updated: 6th December 2022
  • 24 Carat Gold Rate (10 grams)
    ₹ 54,650 -390 (-0.71%)
  • 22 Carat Gold Rate (10 grams)
    ₹ 50,100 -390 (-0.71%)

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 ₹ 54,650 per 10 grams for 24 Carat and ₹ 50,100 for 22 Carat.

24 Carat Gold Rate in Madurai Today

Digital Gold Price
Gram 24K Gold Price Daily Price Change
1 gram
₹ 5,465 - ₹ 39
8 grams
₹ 43,720 - ₹ 312
10 grams
₹ 54,650 - ₹ 390
100 grams
₹ 5,46,500 - ₹ 3,900

22 Carat Gold Rate in Madurai Today

Gram 22K Gold Price Daily Price Change
1 gram
₹ 5,010 - ₹ 35
8 grams
₹ 40,080 - ₹ 280
10 grams
₹ 50,100 - ₹ 350
100 grams
₹ 5,01,000 - ₹ 3,500

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

Gold Rate in Madurai for Last 15 Days

Date Pure Gold (24K) Standard Gold (22K) % Change
05 December 2022
₹ 55,040 ₹ 50,450 +0.58%
04 December 2022
₹ 54,720 ₹ 50,160 0%
03 December 2022
₹ 54,720 ₹ 50,160 -0.08%
02 December 2022
₹ 54,760 ₹ 50,200 +1.31%
01 December 2022
₹ 54,050 ₹ 49,550 +0.38%
30 November 2022
₹ 53,850 ₹ 49,360 +0.41%
29 November 2022
₹ 53,630 ₹ 49,160 -0.63%
28 November 2022
₹ 53,970 ₹ 49,470 +0.43%
27 November 2022
₹ 53,740 ₹ 49,260 +0.02%
26 November 2022
₹ 53,730 ₹ 49,250 -0.20%
25 November 2022
₹ 53,840 ₹ 49,350 +0.08%
24 November 2022
₹ 53,780 ₹ 49,310 +0.71%
23 November 2022
₹ 53,410 ₹ 48,960 -0.18%
22 November 2022
₹ 53,510 ₹ 49,050 -0.30%
21 November 2022
₹ 53,670 ₹ 49,200 0%

Historical Gold Rate in Madurai

Gold Price Movement November 2022

Gold Rates 22 Carat 24 Carat
1st November rate ₹ 47,300 ₹ 51,600
30th November rate ₹ 680
Highest rate in November ₹ 49,710 on 17th November 2022 ₹ 54,220 on 17th November 2022
Lowest rate in November ₹ 47,050 on 1st November 2022 ₹ on 17th November 2022
Over all performance Falling Falling
% change -98.68% -98.68%

Gold Price Movement October 2022

Gold Rates 22 Carat 24 Carat
1st October rate ₹ 46,650 ₹ 50,890
31st October rate ₹ 47,150 ₹ 51,440
Highest rate in October ₹ 48,400 on 8th October 2022 ₹ 52,800 on 8th October 2022
Lowest rate in October ₹ 46,640 on 22nd October 2022 ₹ 50,890 on 1st October 2022
Over all performance Rising Rising
% change +1.08% +1.08%

Gold Price Movement September 2022

Gold Rates 22 Carat 24 Carat
1st September rate ₹ 46,700 ₹ 50,950
30th September rate ₹ 46,800 ₹ 51,050
Highest rate in September ₹ 47,680 on 9th September 2022 ₹ 52,010 on 9th September 2022
Lowest rate in September ₹ 46,200 on 21st September 2022 ₹ 50,400 on 21st September 2022
Over all performance Rising Rising
% change +0.20% +0.20%
* 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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