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Today Gold Rate in Salem (29 Jul 2021)

Gold Price in Salem

Last Updated 29th Jul 2021

The gold price in Salem for 22-carat gold is ₹ 45,110 and for 24-carat gold is ₹ 47,360.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 47,360 45,110
Gold Rate Salem Jul 2021
Highest Rate 48,000 45,700
Lowest Rate 46,700 44,460
Average Rate 47,434 45,171

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Today Gold Price Salem

₹ 45,110

Gold Price Today in Salem

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 Salem. 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 Salem. The gold rates in Salem are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Salem today is ₹ 45,110 for 22-carat gold, whereas for 24-carat gold it is ₹ 47,360.

Historical Price of Gold Rate in Salem

24 Carat Gold Price in Salem 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
July 2021
46,700 48,000
June 2021
46,130 48,670
May 2021
46,050 48,450
April 2021
43,840 47,410
March 2021
43,870 45,760
February 2021
45,540 48,980
January 2021
48,400 51,060

24 Carat Gold Price in Salem 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
47,630 50,240
November 2020
49,300 53,380
October 2020
50,950 53,310
September 2020
51,870 54,200
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 Salem 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
July 2021 44,460 45,700
June 2021 43,940 46,380
May 2021 43,840 46,160
April 2021 41,790 45,170
March 2021 41,780 43,570
February 2021 43,330 46,630
January 2021 46,100 48,620

22 Carat Gold Price in Salem 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 45,380 47,810
November 2020 45,190 49,220
October 2020 46,700 48,870
September 2020 47,550 49,720
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 Salem

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

List of banks providing gold loan in Salem

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 Salem that provide loan against gold jewellery are:

FAQs

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

The gold price in Salem for 916 hallmark gold is ₹ 45,110. The 916 KDM gold price is same as 22-carat hallmark gold.

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

The price of 1 gm gold in Salem today is ₹ 4,736 for 24 carats of gold and ₹ 45,110 for 22 carats gold. 

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

The rate of hallmark gold of 23-carat in Salem is ₹ 47,360.

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

The gold rates in Salem 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 Salem 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 Salem?

Checklist for buying gold in Salem 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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