Gold Rate in Madurai Today (Aug 30, 2023): Live Gold Price in MaduraiLast Updated Date: Aug 30, 2023
We crafted the whole article with a thought to give a clear insight on Live Gold Rate in Madurai Today (Aug 30, 2023). We have also used an updated version of the Gold Rate in Madurai chart.
Gold holds a special value among the customers. Now the price of the metal actually varies that too depending on several factors.
This chart and other information of the article will be your handy guide to let you stay informed regarding the 22-carat gold, 916 hallmarks, and other information. So Find Gold Rate in Madurai Live here in this content.
Compare Live Gold Rate in Madurai with other Cities in India
22 Carat Gold Rate in Madurai – Gold Price in Madurai Today (Aug 30, 2023)
Also, Check out the Silver Rate in Madurai Today
In this section, we have conscripted the whole details pertaining to the 22 Carat Gold Rate in Madurai. For your knowledge, this category of gold is considered the basic one for crafting gold jewelry.
In this section, we have also uploaded all the actual statistics regarding the gold price in Madurai today. Also, we updated the rate pertaining to yesterday and the major variation in the gold price.
On top of that, we also stated the change in price percentage of the gold in regards to its performance.
24 Carat Gold Rate in Madurai Today (Aug 30, 2023) – Gold Price in Madurai
Pure 24-Carat Gold Rate in Madurai is presented in a tabular format. We have majorly concentrated on informing the customers regarding the pure gold price in Madurai.
The gold price of yesterday and change in the price along with the percentage in change is elaborately mentioned in the above table.
Tomorrow Gold Rate Prediction or Forecast in Madurai
Check out Madurai Gold Prediction for Tomorrow here –
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Gold Price in Madurai for Last 15 Days
Buyers often pay heed to the past price fluctuation of the gold, in order to make an affordable and profitable buy.
Have a look at the table to understand that the 15 days gold price in Madurai data. Now this will help you infer the change in the gold price at once.
Find Gold Rates of other Indian Cities & States
|Gold Rate in Kochi||Gold Rate in Chennai||Gold Rate in Kerala||Gold Rate in Mysore|
|Gold Rate in Bangalore||Gold Rate in Delhi||Gold Rate in Hyderabad||Gold Rate in Vizag|
|Gold Rate in Mumbai||Gold Rate in Pune||Gold Rate in Kolkata||Gold Rate in Jaipur|
Graph of Gold Rate Today in Madurai – Also Past Gold Price in Madurai
Take a quick look into the graphical presentation of the price change in the Gold Rate in Madurai. We supported the statement with proper numerical figures and statistics as well. Our intention is to assist you completely so that you find out the current trend in the gold price.
Gold Price in Madurai – Past 12 Months Price
The entire movement of the Gold Rates in Madurai for the last 12 months has been comprehensively added in the below sections.
January 2023, Gold Price Movement in Madurai
|Gold Rates in January 2023||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st January 2023||5133||5596|
|8th January 2023||5221||5696|
|15th January 2023||5297||5778|
|22nd January 2023||5320||5804|
|31st January 2023||5338||5823|
|Highest Rate in January 2023||5380||5869|
|Lowest Rate in January 2023||5133||5596|
The price of gold followed a low trend pertaining to 24 carat and 22 carat gold for the whole month.You can observe the 22 Carat Gold Price in Madurai for the month of January, and the type of price shift in the gold that took place for the same month. Take a view of the frequent change in the Gold Price in Madurai.
- You can notice that the table reflects the shift in the price for 5 different states for the whole month.
- Talking about the price stability that was to some extent quite much stable as the lowest price recorded for 22-carat gold was Rs.5133 and Rs.5596 for 24-carat gold.
- The highest recorded price for 22 carat gold was Rs.5380 and for 24 carat gold, it was Rs.5869.
- Statistics of the end price-performance were 3.99% and 4.06% respectively.
Gold Rate Movement in Madurai for December 2022
|Gold Rates in December 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st December 2022||4955||5405|
|8th December 2022||5023||5479|
|15th December 2022||5060||5520|
|22nd December 2022||5124||5590|
|31st December 2022||5133||5596|
|Highest Rate in December 2022||5133||5596|
|Lowest Rate in December 2022||4955||5405|
Market trends are not constant for gold, rather significant and constant shift, often of daily basis, take place. This makes it essentially crucial to check the events and how they have triggered the price of the metal in the past. This will give you a vast overlook into the future likely shift in the price.
- We recommend you try out and check our article, where we have vowed to keep all the aspects of the metal gold updated.
- We provide all the recent and latest fluctuation details to you. As per the records, the percentage change is
- Now we need to speak of the percentage change, which was commuted as 3.59% and 3.53% or both the category gold.
- The shift in price of the metal was not as much as investors had anticipated, as it was a minor shift, on the contrary to drastic.
- Price shift was stable in the beginning of the month, which took a back step around 15th December, and again began to rise.
Gold Rate Movement in Madurai for November 2022
|Gold Rates in November 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st November 2022||4730||5160|
|8th November 2022||4758||5190|
|15th November 2022||4940||5389|
|22nd November 2022||4905||5351|
|30th November 2022||4936||5385|
|Highest Rate in November 2022||4960||5411|
|Lowest Rate in November 2022||4706||5134|
Our sole aim to provide our customers with nothing but the absolute best. As far as gold rates are concerned, making sure their susceptible changes are marked and addressed to you time and again is our topmost priority. All the price fluctuations have been marked and presented to you in the article herein.
- Each and every modification made into the gold rates has been marked on the chart for proficiency and ease of lookout.
- The table shows a vivacious performance for the month of November, marking a 4.36% for 22 carat gold and 4.36% for 24 carat gold category.
- The table also portrays the highest as well as the lowest price of it all in Madurai.
- Highest price hike has been noted to be a staggering Rs.4960 and Rs.5411 for 22 and 24 carat gold categories respectively.
- The lowest price degradation has been noted to be Rs.4706 and Rs.5134, as per the chart shown, for both the categories subsequently.
Gold Rate Movement in Madurai for October 2022
|Gold Rates in October 2022||22 Carat||24 Carat|
|1st October 2022||4690||5116|
|8th October 2022||4840||5280|
|15th October 2022||4690||5116|
|22nd October 2022||4740||5171|
|31st October 2022||4715||5144|
|Highest Rate in October 2022||4840||5280|
|Lowest Rate in October 2022||4665||5090|
In accordance with the need you have, we have the information of Gold Rate in Madurai from the month of October. This will let you learn how the prices are deemed to variation and then you will be able to understand how specific events have effect on price changes.
- So, we have taken the necessary consideration into account and provide the stats of October month price changes for both 22 and 24 carat gold.
- Take a look at the percentage change for the month, which was 0.53% and 0.55% for both categories gold
- Here is how the change went up for the maximum level – Rs.4840 and Rs.5280
- On the contrary end, the price change was as low as – Rs.4665 and Rs.5090
- We cannot refer to the price change as a high change, and the percentage is quite low.
September 2022, Gold rate movement in Madurai
|Gold Rates in September 2022||22 Carat||24 Carat|
|1st September 2022||4710||5138|
|8th September 2022||4730||5160|
|15th September 2022||4680||5105|
|22nd September 2022||4675||5100|
|30th September 2022||4697||5124|
|Highest Rate in September 2022||4768||5201|
|Lowest Rate in September 2022||4610||5029|
Continue with the research and analysis process and check out the Gold Rate in Madurai for September month. We have derived the information for you, and carefully placed it together in the form you can easily understand. Hence, we chose the tabular representation of the same.
- 22 carat gold rate and also 24 carat gold rates have been provided in the table for your reference.
- Begin with the change in the price of the metal which was -0.28% and -0.27% for the month.
- Now, the change revels that the metal’s price went down and fell, after a long time.
- Highest price level as reached by the metal was Rs.4768 and Rs.5201 for 22 and 24 carat gold.
- 4610 and Rs.5029 were the contrary figures, i.e. the lowest price point for both 22 as well as 24 carat gold.
August 2022, Gold rate movement in Madurai
|Gold Rates in August 2022||22 Carat||24 Carat|
|1st August 2022||4795||5230|
|8th August 2022||4850||5290|
|15th August 2022||4914||5361|
|22nd August 2022||4815||5253|
|31st August 2022||4754||5186|
|Highest Rate in August 2022||4914||5361|
|Lowest Rate in August 2022||4754||5186|
Gold is a safe investment for many. Even in Madurai, investors wisely choose to invest in gold with a perspective to fetch good long term gains. For buying gold, analyzing its past movement is necessary. So, we have jotted points on the fluctuation of gold rates in August in Madurai.
- The gold prices on a weekly basis is given in the table to facilitate comparison.
- For 22 carat gold, the price on the 1st day of the month is Rs. 4795 per gram and on the last day of the month is Rs. 4754 per gram in Madurai.
- For 24 carat gold, the prices on the first day of the month is Rs. 5230 per gram and on the last day of the month is Rs. 5186 per gram.
- The month opened with a higher price and closed at a lower price.
- Performance analysis for both the types of gold is around -0.86% and -0.84%.
July 2022, Gold rate movement in Madurai
|Gold Rates in July 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st July 2022||4785||5220|
|8th July 2022||4676||5101|
|15th July 2022||4636||5058|
|22nd July 2022||4680||5105|
|31st July 2022||4815||5253|
|Highest Rate in July 2022||4815||5253|
|Lowest Rate in July 2022||4626||5047|
Watching the movement of gold rates every month is important while studying gold rate trends in Madurai. For the month of July, the movement in prices of gold are mentioned in this section along with some necessary points that are focused on:
- Data for five different days for the month of July is available in the below table. This data will help to get a better insight on the analysis.
- The highest price for 22 carat gold in Madurai is Rs.4815 per gram and lowest price is Rs.4626 per gram for the same category.
- For 24 carat gold the highest price is Rs.5253 per gram and lowest is Rs.5047 per gram.
- There is a gradual increase in prices this month which also means the stability is large.
- The overall performance for change in per gram gold rates for the city of Madurai is calculated to be at 0.63% for 22 carat gold and 0.63% for 24 carat gold.
June 2022, Gold Rate Movement in Madurai
|Gold Rates in June 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st June 2022||4740||5171|
|8th June 2022||4776||5210|
|15th June 2022||4720||5150|
|22nd June 2022||4755||5186|
|30th June 2022||4683||5109|
|Highest Rate in June 2022||4843||5283|
|Lowest Rate in June 2022||4683||5109|
We have drafted the table above to give you an insight into the gold rate in Madurai. We have segregated the columns into two segments like 22 carats and 24-carat gold. Here you will also come to know about the highest and lowest price for both including the percentage change in price.
- If you compare the price pattern, you will see that the price for the 22 carat gold is less compared to the 24 carat gold.
- The highest recorded gold price for 22 carat gold was Rs.4843
- Lowest recorded gold price for 22 carat gold price Rs.4683
- The highest recorded gold price for 24 carat gold in regards to the month of June was Rs.5283
- The lowest recorded gold price for 24 carat gold was recorded as Rs.5109
- Percentage performance of the 22 carat gold was -1.20%
- The change in percentage for the 24 carat gold was recorded as -1.20%.
- In fact, the difference in price between the 22 carat and 24 carat gold was not much.
May 2022, Gold Rate Movement in Madurai
|Gold Rates in May 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st May 2022||4902||5348|
|8th May 2022||4877||5320|
|15th May 2022||4737||5167|
|22nd May 2022||4817||5255|
|31st May 2022||4792||5226|
|Highest Rate in May 2022||4902||5348|
|Lowest Rate in May 2022||4728||5158|
The table we have devised includes the Gold rates in Madurai statistics exclusively for the month of May. We have drafted the gold rate in Madurai per gram for both the 22 carat and 24-carat gold categories.
- The price of gold at various intervals is documented in the above table that indicates the major variation in the gold price.
- The highest recorded price for 22 carat gold is 4902 and the lowest price for the same is Rs.4728.
- The highest price recorded for the 24 carat gold was Rs.5348 and the lowest price was Rs.5158.
- The overall price performance of the month is stated in percentage. For 22 carat gold, it was -2.24% while for 24-carat gold it was -2.28%.
- For the whole month, the price has dropped gradually as you can see in the table.
April 2022, Gold Rate Movement in Madurai
|Gold Rates in April 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st April 2022||4834||5273|
|8th April 2022||4882||5326|
|15th April 2022||5005||5460|
|22nd April 2022||4965||5416|
|30th April 2022||4903||5349|
|Highest Rate in April 2022||5047||5506|
|Lowest Rate in April 2022||4803||5240|
The statistics regarding the Gold Rate Movement in Madurai of the month of April are projected in the above table layout. It shows the Gold Rate in Madurai per Gram for both the segments of the gold.
- The price change of the gold is shown at major intervals for the month of April.
- You can notice that the price of the gold takes an increasing turn in the mid week but falls at the end of the month.
- The highest recorded gold price for the 22 carat gold was 5047 but the highest price was Rs.5506 for 24 carat gold.
- On the other end, the lowest recorded rate for 22 carat gold was Rs.4803 and Rs.5240 for 24 carat gold.
- The performance percentage of both 22 and 24 carat gold was recorded as 1.43% and 1.44%.
March 2022, Gold Rate Movement in Madurai
|Gold Rates in March 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st March 2022||4788||5223|
|8th March 2022||5020||5476|
|15th March 2022||4819||5257|
|22nd March 2022||4828||5267|
|31st March 2022||4793||5229|
|Highest Rate in March 2022||5071||5532|
|Lowest Rate in March 2022||4781||5216|
The gold price movement in Madurai is clearly depicted in the above table. For your comfort, we have drawn the price change in regards to Gold price in Madurai per gram for the whole month.
- The gold price at major recorded intervals is clearly discussed in the table along with the price for each day.
- You can observe a great shift for the whole month; in this case, you can see that the trend seems to be quite fluctuating across the entire month.
- Percentage price performance for both 22 carat and 24-carat gold was 0.10% and 0.11% respectively.
- The lowest price point for 22 carat gold was Rs.4781 and Rs.5216 for 24 carat gold.
- On the other hand, the highest recorded price was Rs.5071 for 22 carat gold and Rs.5532 for 24 carat gold.
February 2022, Gold Price Movement in Madurai
|Gold Rates in February 2022||22 Ct Gold Rate (Rs)||24 Ct Gold Rate (Rs)|
|1st February 2022||4516||4928|
|8th February 2022||4559||4974|
|15th February 2022||4696||5123|
|22nd February 2022||4762||5200|
|28th February 2022||4782||5217|
|Highest Rate in February 2022||4951||5401|
|Lowest Rate in February 2022||4514||4924|
Here we have analyzed the 22 Carat Gold Rate in Madurai for the month of February. You can verify the Gold Rate in Madurai per gram from the table and check the movement in the gold price for the whole month.
- The table displays the price frequency of the gold drafted through the major intervals of time.
- The price of the gold seems to take the downturn for the entire month.
- Percentage performance of both the 22 carat and 24 carat gold is 5.89% and 5.86% respectively.
- The highest shift in the gold price for 22 carat gold was Rs.4951 and for 24 carat gold was Rs.5401.
- However, the lowest price shift for 22 carat gold was Rs.4514 and Rs.4924 for 24 carat gold.
Gold Rate in Madurai – Trend in 2020
While talking about gold price trends in 2020, the major outbreak of the pandemic situation to a great extent influenced Gold Rate Trend in Madurai.
In addition to that, the recent trade tension between Indian and China is also influencing the gold price.
Initially, the price escalated that was due to the commercial deal, but the price trend sloped downward it is because of the COVID 19 occurrence.
It is because of the COVID situation that the Stock market actually dipped down.
Also, the rise in the US dollar is equally responsible for the gold price fluctuation. However, you can see that the rate increased during the month of March due to the improvisation of the governmental policies to meet the COVID hazard.
Check out Gold Rates of more cities & states
Gold Rate in Madurai – Trend in 2019
After a comprehensive analysis of the year 2019, ultimately we came to the conclusion that the Gold Rate Trend 2019 in Madurai was quite happening in a true sense. That means gold prices displayed a consistent rise and fall.
The Historical Gold Rate in Madurai again shows that the year 2019 had lots of occurrences which to a great extent impacted the price of the gold. Above all, the one and the only cause was the souring business tension between the China and USA.
The price of the gold just slipped down because of the setback in the demand for the gold metal. However, the price of the gold is very much dependent on the US Dollar value.
What makes Gold Rates in Madurai to increase?
Gold Rate in Madurai as of today fluctuates depending on both overseas and local circumstances. Happenings such as the increase in the demand for the gold or accentuated value of US Dollars are also responsible for the major shift in the gold price.
Therefore, go through the major factors at once to understand that in detail:
- The price of the gold rises during the period of inflation because during this time the demand for gold is quite high in the market.
- The movement of the global market also influences the price of gold. For India, the import price of the gold changes due to any sudden movement in the foreign market.
- The gold storage of the Reserve Bank of India plays a dominant role in influencing the price of the gold.
- Indians have a fetish for Gold jewellery. Furthermore, there is a tendency of buying gold during the festivity periods. Considering that surge in demand, the price of the gold automatically shoots up during such times.
- The less rate of interest also causes the price of the gold to rise. This is because the demand for gold increases as there is more cash in the people’s hands.
What makes Gold Price in Madurai to decrease?
Just in the above section, we penned the possible factors that contribute to the rise of the gold price. Now in this section, we will highlight the contrary factors that cause a decline in the gold price in Madurai.
- First, if the dollar value is high then it causes the gold price to fall.
- The market scenario that means the bear market also causes a drop in the gold price.
- More supply of gold with less demand for the same also causes the price of gold to fall.
- You all know that interest rate shares are inversely proportional to the gold price, which means the fall of the gold price is due to the rise in the rate of interest.
Why Central Bank Policies impacts Gold Rates in Madurai?
The central bank for many countries is the real vault for storing the gold and currencies. Each time when the Central bank plans to preserve the gold, the rate of the gold actually rises up.
Now it so happens because the cash flow in the economy accentuates but on the other hand, the gold supply is reduced.
Note that the change in the US dollar value causes the Indian currency to rise. Now investors consider this inflationary situation as a hedge and try to meet the increasing cost of living by purchasing gold, in accordance with Gold Price in Madurai.
On the whole, the revised bank policies such as the increase in the stock rates and government are the reasons behind the fall in the gold price altogether.
Why Gold Price in Madurai is different from other Cities?
Often times, gold buyers have seen that the gold price is different for different states. Now the variation in the price is definitely because of the international market.
However, if you consider the gold price in Madurai, then that is actually decided by the local association of the gold sellers.
Additionally, the US dollar also leaves a strong impact on the gold rate. Now, this causes the gold price to vary from one city to another.
Besides these, other conditions like the cost of transportation, quantity purchased, supply, and demand curve also influences the gold price.
On top of everything, you should note that the Indian currency also affects the gold price. That means, if the strength of the Indian currency is less than the gold price will rise.
What is Gold Rate in Madurai 916 Hallmark gold?
Now 916 hallmarks always assure that the gold you purchased has been manufactured according to all the regulations set by the Bureau of Indian statistics.
You can precisely call the 916 hallmarks as the 22 k gold. It shows that 91.6 grams of gold are present in 100 grams of the alloy.
Besides that, note that the hallmark gold ensures that, the product is very pure and authentic Therefore, gold rate in Madurai 916 is actually the price of the 22 carat gold.
Find out Gold Rates of more Indian Cities & States
How much is the Tax Levied on Gold Rate in Madurai?
Well according to the governmental regulation, about 3% of the charges are levied on the gold.
In the case of gold crafted jewellery, the extra 5% is imposed on the making charge of the gold ornaments. Note the word that GST is basically implied on both supply and service provided.
That means, GST is levied on the gold itself and on the manufacturing of the gold as well. You should know that the making price of the gold differs from one seller to another seller and this can be a fixed percentage on the final output.
On the other hand, the government fixes the tax on the gold rate in Madurai. Overall, you should remember that the GST charge of 5% on the making of the jewelry that is demanded by the seller would always remain the same.
Gold Rate in Madurai – Conclusion
Thus, we have reached to the conclusion and in this section, it would be worth saying we have tried to enlighten you on Gold Rate in Madurai and about the other factors that affect the price.
In this article, you got a detailed sneak peek of the fundamental determinants of gold price for the 22 carat and 24 carat gold. In addition, we stated the Today Gold Rate in Madurai, as well as the trends and the factors.
Madurai Gold Rate FAQs
Ques – How to check Today’s Gold Rate in Madurai?
Answer – Here in the site every information has been provided regarding gold rates in Madurai. There are far too many tables and charts provided over here in order to have a sequential understanding of the rates differing along with the weights.
Ques – Where to find Gold Rate in Madurai?
Answer – Gold rates in Madurai can be found out by referring to the tables and charts provided over here. The chart also allows you to figure out any comparison in prices over the years down the lane.
Ques – Is this Live Gold Price in Madurai?
Answer – Gold prices in Madurai in this very website is refreshed time and again. Changes occur over a particular period of time and every change is updated for our customers to dodge through with absolute ease.
Ques – Can I find last month’s Gold Price here?
Answer – Last month’s old price is displayed in this website. And not just last month’s but years before that as well. There is a particular chart hanging which gives related data from years before the current time.
Ques – Where to find 22 Ct Gold Rate in Madurai?
Answer – 22 carat gold is undeniably the finest category of gold available. In this website price distribution has been made pretty vivid to all our customers. 22 carat gold rates are flashed on the top most section of this article and the others are written in a topographical manner inside the tables.
Ques – Is the Gold Rate in Madurai Update?
Answer – The gold rates in Madurai are updated in a short span of time. This is done majorly for all the customers to go through the website and obtain insights without much effort. We believe in making them relieved and fully informed about any changes occurring in the market.
Ques – Will I find Gold Rate Forecast here?
Answer – You will definitely find gold rate forecast over here. What you can also fetch is a few connections by jotting down any change in the market by using those information to figure out if at all any change in price is going to take placein the near future.
Ques – Can I use Gold Investment Calculator?
Answer – You can definitely use gold investment calculator and the added benefit is that it comes totally free of charge. What you need to put over here is: your city details, category of gold you’re willing to buy and the money that you wishing to invest. Once you’re done, it will show how much profit you will make, if at all.
Ques – Can I calculate Madurai Gold Price in Tola?
Answer – Yes, we can calculate Madurai gold price in Tola by making use of the gold rate calculator. Just click on the link of the calculator, provide details of a city or state, category of gold, Tola in the particular unit time and the time of investment. Off you go!
Ques – What is 24 Carat Gold in Madurai?
Answer – 24 carat gold in Madurai is the purest form of gold to exist. It doesn’t have any added mixture of any impure chemical and that makes it pretty posh and sophisticated for anyone to possess as such. This is also the reason why it is more expensive than 22 carat gold.
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