The price of gold changes constantly and is influenced by various factors such as global economic conditions, political events, and supply and demand. If you want to buy or sell gold in Madurai or acquire a gold loan, it is essential to stay up-to-date with the latest gold rate in Madurai

Here, you will find accurate and reliable information on live gold rate today in Madurai, as well as historical data and news updates.

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

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

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

Gram Today Yesterday Price Change
Gold rate for 1 gram ₹ 7,146 ₹ 7,104 ₹ 42
Gold rate for 10 gram ₹ 71,460 ₹ 71,040 ₹ 420
Gold rate for 12 gram ₹ 85,752 ₹ 85,248 ₹ 504

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

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

Gram Today Yesterday Price change
Gold rate for 1 gram ₹ 7,795 ₹ 7,750 ₹ 45
Gold rate for 10 gram ₹ 77,950 ₹ 77,500 ₹ 450
Gold rate for 12 gram ₹ 93,540 ₹ 93,000 ₹ 540

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 Madurai For The Last 10 Days

It is a common problem for buyers in Madurai to choose a day to get the best gold price to buy gold articles. However, similar to other Indian cities, the gold rate today in Madurai fluctuates daily, resulting in different prices for a buyer willing to buy gold. Based on these fluctuations, a buyer of gold may have to pay more for the gold one day compared to other days when the price of gold is lower.

Listed here are the Gold Rates in Madurai for the last 10 days to track trends and fluctuations over time. You can use this information to analyse the market and determine whether to buy or sell gold in Madurai basis this data.

Day 22K Pure Gold 24K Pure Gold
19 Apr, 2024 ₹ 7,146 ₹ 7,795
18 Apr, 2024 ₹ 7,104 ₹ 7,750
15 Apr, 2024 ₹ 7,041 ₹ 7,681
12 Apr, 2024 ₹ 7,075 ₹ 7,718
10 Apr, 2024 ₹ 6,981 ₹ 7,615
09 Apr, 2024 ₹ 6,924 ₹ 7,553
08 Apr, 2024 ₹ 6,910 ₹ 7,538
05 Apr, 2024 ₹ 6,748 ₹ 7,361
04 Apr, 2024 ₹ 6,796 ₹ 7,413
03 Apr, 2024 ₹ 6,742 ₹ 7,355

Monthly and Weekly Trends of Gold Rate in Madurai

Gold has been a valuable commodity for centuries, and its worth continues to increase. The price of gold is determined by various factors, including market demand, supply, inflation, and global economic conditions. This section presents the monthly and weekly trends of gold rates in Madurai.

Gold Price Calculator in Madurai

Gold should be minimum 0.1 grams

Gold value: ₹ 7,146.00

Gold Investment in Madurai

With the constantly fluctuating gold rate in Madurai, investing in gold can be a smart financial move. There are various gold investment options available in Madurai, such as buying physical gold in the form of coins or jewellery, investing in gold exchange-traded funds (ETFs), or investing in gold mutual funds. These options provide investors with flexibility in terms of investment amount and liquidity.

It is crucial to keep track of the gold price in Madurai and invest accordingly. By staying informed about the gold rate in Madurai, you can make informed decisions and potentially earn significant returns on your investments in the long run.

Factors that Affect the Gold rates in Madurai

Understanding the various factors that impact the gold rates in Madurai is essential for investors and businesses to make informed decisions about gold investments and pricing strategies. Here are some factors that affect the gold price in Madurai.

  1. Global Economic Conditions: Global economic conditions play a significant role in determining the gold rates in Madurai. Economic instability or uncertainties usually increase the demand for gold, increasing its price.
  2. Inflation: High inflation rates decrease the currency value, increasing the demand for gold. The gold rates in Madurai increase in such scenarios.
  3. Central Bank Policies: The policies of central banks regarding interest rates and currency value impact the gold rates in Madurai. Lower interest rates and currency devaluation usually increase the demand for gold.
  4. Political Instability: Political instability, unrest, or war can impact the gold rates in Madurai. In such scenarios, investors often consider gold a safe-haven asset, increasing its demand and price.
  5. Demand and Supply: The demand and supply of gold in the market can impact the gold rates in Madurai. If the demand for gold is higher than its supply, its price may increase.

How is the Purity of Gold Evaluated in Madurai?

The purity of gold is a crucial factor in determining the gold rate in Madurai. The purity of gold is evaluated using the Karat system, which measures the gold's fineness. The Karat system measures the percentage of pure gold in the alloy, with 24 Carat hallmark gold being the purest form of gold.

In Madurai, gold jewellers use various methods to evaluate the purity of gold, such as acid tests, X-ray fluorescence analysis, and fire assay. The purity of gold impacts its value and price, and it's essential to ensure that you purchase gold of the appropriate purity to get the best value for your investment.

Why Track Gold Rates in Madurai?

Here are some key points on why you must track the gold rate in Madurai.

  • Gold is a valuable asset, and its price is constantly fluctuating. Tracking the gold rate in Madurai keeps you informed about the current price of gold and helps you make informed decisions about your investments.
  • Global economic conditions, inflation, market demand, and other factors impact the gold rate in Madurai. By tracking these factors, you can identify trends and patterns in the gold market and adjust their investment strategy accordingly.
  • Businesses dealing with gold, such as jewellers and gold traders, need to stay informed about the gold rate in Madurai to adjust their prices and remain competitive in the market.
  • Tracking the gold rate in Madurai helps individuals and businesses make informed decisions about buying or selling gold, potentially earning significant returns on their investments in the long run.

Gold Rates in Madurai FAQs:

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