Gold is one of the most precious metals and is cherished by Indians for auspicious and religious purposes. In the Indian city of Coimbatore, the citizens love to buy gold, whose price fluctuates based on the current domestic price in Coimbatore. However, the gold rate in Coimbatore fluctuates daily based on numerous external factors.

This fluctuation in the gold rate makes it vital to check the rate daily to ensure they get the best gold price, whether they are buying, selling, or pledging their gold articles to avail of a gold loan in Coimbatore. Here is the gold price today in Coimbatore:

Gold Price in Coimbatore for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Coimbatore - (Today & Yesterday)

If you're planning for gold investment, check and compare 22 carat gold rate in Coimbatore. Consider taking look at the following information given below:

Gram Today Yesterday Price Change
Gold rate for 1 gram ₹ 6,613 ₹ 6,598 ₹ 15
Gold rate for 10 gram ₹ 66,127 ₹ 65,978 ₹ 149
Gold rate for 12 gram ₹ 79,352 ₹ 79,174 ₹ 179

Today 24 Carat Gold Price Per Gram in Coimbatore - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Coimbatore. Check the following table as given below:

Gram Today Yesterday Price change
Gold rate for 1 gram ₹ 7,219 ₹ 7,203 ₹ 16
Gold rate for 10 gram ₹ 72,191 ₹ 72,028 ₹ 163
Gold rate for 12 gram ₹ 86,629 ₹ 86,434 ₹ 196

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Coimbatore For The Last 10 Days

The rate fluctuates based on various factors that affect the domestic prices of gold. For example, the gold prices in Coimbatore may be higher today than yesterday, which may result in a buyer paying more to buy gold articles than a buyer who bought similar articles a day before.

This fluctuation is constant but follows a price pattern that buyers can use somewhat to assume the future price direction for gold prices. However, to understand the price pattern for the gold rate, the buyers must analyse the gold prices for the last 10 days in Coimbatore.

Day 22K Pure Gold 24K Pure Gold
27 May, 2024 ₹ 6,612 ₹ 7,219
24 May, 2024 ₹ 6,597 ₹ 7,202
23 May, 2024 ₹ 6,670 ₹ 7,282
22 May, 2024 ₹ 6,785 ₹ 7,408
21 May, 2024 ₹ 6,798 ₹ 7,421
17 May, 2024 ₹ 6,722 ₹ 7,338
16 May, 2024 ₹ 6,730 ₹ 7,347
15 May, 2024 ₹ 6,680 ₹ 7,293
14 May, 2024 ₹ 6,625 ₹ 7,233
13 May, 2024 ₹ 6,610 ₹ 7,216

Monthly and Weekly Trends of Gold Rate in Coimbatore

The gold rate keeps changing, resulting in different monthly and weekly trends based on the price direction. Similar to the current trend, you can analyse the monthly and weekly trends of gold rates in Coimbatore by analysing the monthly and weekly prices of gold and comparing them with the current gold prices.

Gold Price Calculator in Coimbatore

Gold should be minimum 0.1 grams

Gold value: ₹ 6,612.70

Gold Rates in Coimbatore For Different Purities

Physical gold comes in different purities that highly affect the quality of the manufactured articles and the resulting price. These purities start from 14-carat gold and stretch to 18-carat, 20-carat, 22-carat, and 24-carat. Among all the purities, 22-carat gold is the most used for making gold articles, while 24-carat gold is considered the highest purity.

Since gold differs in purity, the prices for such purities are not the same. Hence, the 22-carat gold rate in Coimbatore will vary from the 24-carat gold rate today Coimbatore, making it essential to analyse the different gold rates for various purities.

What is the Current Trend in the Gold Price in Coimbatore?

Understanding the current trend in the rates can be beneficial to realise the best rates for gold. Buyers in Coimbatore must understand the current trend in gold rates by analysing the price of gold that represents the overall demand. However, considering past patterns, the market for gold in Coimbatore will likely steadily increase.

Importance of Checking Gold Rates in Coimbatore Before Buying

Gold rates are dynamic and ever-changing, not just in Indian cities but worldwide. Owing to these fluctuations, the gold rate also changes daily, making it vital to monitor the rates to get the best value for gold. Hence, it is necessary to check the gold rates in Coimbatore before purchasing gold.

Factors That Affect Gold Prices in Coimbatore

Similar to other cities in India, the gold price in Coimbatore also witnesses constant change based on various domestic and international factors. To purchase physical gold from the domestic market, you must understand the factors affecting its price. Here are the factors that affect the gold price in Coimbatore:

  • Demand and Supply: Demand and supply factors highly affect the prices of gold in Coimbatore as the equilibrium decides how the local jewellers set the price for domestic gold. If the demand for gold in Coimbatore is higher than the supply, the price of gold will rise. However, the gold price will fall if the demand is lower than the supply.
  • Currency Markets: Gold is traded in the commodity market using various currencies. The price of gold in the domestic market is affected by the currency markets, especially the US dollar rate. If the US dollar weakens, the gold rate falls because of weak global cues.
  • Interest Rates: The prevailing interest rates in India also affect the price of gold in Coimbatore as they have an inverse relationship with gold prices. If the interest rates fall, the gold price in Coimbatore will rise and vice versa.

1 Gram Gold Rate Today in Coimbatore: How is it Calculated?

Before buying gold in Coimbatore, it is vital to understand how the fluctuating prices are set in the domestic market, which constitutes the 1-gram gold rate today in Coimbatore. It can allow gold buyers in Coimbatore to find the best gold price and avoid overspending on the gold purchase. Listed below are the two methods to calculate the gold price and their formulas:

  1. Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
  2. Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100

You can also calculate the rate of gold in Coimbatore based on external factors such as the demand and supply, international price, and the purity of the gold. Apart from buying and selling gold in Coimbatore, you can also use these methods to know its value before applying for a gold loan.

Reasons Why Gold Rates Differ Between Coimbatore and Other Cities

Compared to International markets, the domestic gold rates are dynamic and change almost daily. However, the fluctuation is constant within the Indian cities, where every city witnesses a different gold rate. For example, the gold rate will differ from that in almost every other Indian city. The reasons for such price differences are listed below:

  1. Margin: The jewellers in Coimbatore levy a margin over the import price of gold from international markets. As this margin varies, the gold price differs in Coimbatore from other Indian cities.
  2. Volume: The gold rate also differs from other Indian cities because of the difference in volume. The volume of gold bought and sold by the citizens of Coimbatore varies from other cities, resulting in a price difference.

Gold Rates in Coimbatore FAQ’s

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