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Today’s Gold Rate in Madurai

Gold Price in Madurai

Last Updated 01st Mar 2021

The gold price in Madurai for 22-carat gold is ₹ 43,300 and for 24-carat gold is ₹ 47,240.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 47,240 43,300
Gold Rate Madurai Mar 2021
Highest Rate 47,240 43,300
Lowest Rate 47,240 43,300
Average Rate 47,240 43,300

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Today Gold Price Madurai

₹ 43,300

Gold Price Today in Madurai

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Madurai. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Madurai. The gold rates in Madurai are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Madurai today is ₹ 43,300 for 22-carat gold, whereas for 24-carat gold it is ₹ 47,240.

Historical Price of Gold Rate in Madurai

24 Carat Gold Price in Madurai 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
March 2021
47,240 47,240
February 2021
47,240 50,450
January 2021
49,620 53,290

24 Carat Gold Price in Madurai 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
49,440 52,030
November 2020
49,300 53,380
October 2020
50,950 53,310
September 2020
51,870 54,540
August 2020
53,580 59,130
July 2020
50,620 55,820
June 2020
48,350 50,660
May 2020
46,200 49,160
April 2020
43,080 47,190
March 2020
41,920 46,160
February 2020
41,880 44,700
January 2020
40,720 42,860

22 Carat Gold Price in Madurai 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
March 2021 43,300 43,300
February 2021 43,300 46,250
January 2021 46,070 48,850

22 Carat Gold Price in Madurai 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 45,320 47,690
November 2020 45,190 49,220
October 2020 46,700 48,870
September 2020 47,550 50,000
August 2020 49,120 54,200
July 2020 46,100 51,250
June 2020 44,270 46,450
May 2020 43,410 45,920
April 2020 39,440 44,740
March 2020 38,340 42,310
February 2020 38,380 41,000
January 2020 37,320 39,270

From where to buy gold jewellery in Madurai

When buying gold in Madurai, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Madurai for buying gold jewellery are . Other large Stores that sell certified and hallmark jewellery in Madurai are .

List of banks providing gold loan in Madurai

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Madurai that provide loan against gold jewellery are:

FAQs

What is the gold price in Madurai for 916 hallmark gold?

The gold price in Madurai for 916 hallmark gold is ₹ 43,300. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Madurai today?

The price of 1 gm gold in Madurai today is ₹ 4,724 for 24 carats of gold and ₹ 43,300 for 22 carats gold. 

What is the rate of 23-carat gold in Madurai?

The rate of hallmark gold of 23-carat in Madurai is ₹ 47,240.

How is today’s gold rate in Madurai 916 determined?

The gold rates in Madurai is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Madurai is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Madurai?

Checklist for buying gold in Madurai involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

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