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Gold is the desired metal among all but, you cannot expect gold rate following a particular trend. That is why, to keep you informed regarding Live Gold Rate in Salem Today (Aug 30, 2023), we introduced charts.

It lets you understand the Gold Rate in Salem Today, yesterday and the price changes.

In order to add clarity we have drawn tables and divided that into 2 columns, i.e. for 22 carat and 24 carat gold category.

We have also included the past gold price trend in the article as well. Therefore, now you can Find Gold Rate in Salem Live in this article only.

Compare Live Gold Rate in Salem with other Cities in India

22 Carat Gold Rate in Salem – Gold Price in Salem Today (Aug 30, 2023)

In this section, we have constructed the price fluctuation in 22 Carat Gold Rate in Salem.This type of gold is the fundamental one to make any type of gold Jewellery.

In this category, we have attached the precise figure of the gold price in Salem today, yesterday and the price change.

We also mentioned about the variation in the percentage change that projects the current performance of the price.

Gold Rate Forecast for Tomorrow

24 Carat Gold Rate in Salem Today (Aug 30, 2023) – Gold Price in Salem

Pure 24-Carat Gold Rate in Salem is talked about in the table. It also shows the present status of the pure gold price in Salem.

We have elaborately included the price variation of the present day, yesterday and the percentage of change in terms of statistics.

Tomorrow Gold Rate Prediction or Forecast in Salem

Check out Salem Gold Prediction for Tomorrow here –

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Gold Price in Salem for Last 15 Days

Purchasers often stick to the idea of verifying the gold price fluctuation of the last few days. Now they do so that they can make the right buy.

Therefore, we are offering you a sneak peak of the 15 days gold price in Salem. Now this will help you have a precise thought on the price and you can work out on the present trend of the price as well.

Find Gold Rates of other Indian Cities & States

Graph of Gold Rate Today in Salem – Also Past Gold Price in Salem

People interested in buying gold will consider the graphical demonstration of the gold price variation useful.

In order to help you, we have introduced the charts that represent present day price changes as well as the previous Gold Rate in Salem.

  • Gold 22 CT :
  • Gold 24 CT :

Gold Price in Salem – Past 12 Months Price

The whole movement of the Gold Rate in Salem for the past 12 months is documented in the section below.

January 2023, Gold Price Movement in Salem

Gold Rates in January 2023 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st January 2023 5130 5387
8th January 2023 5221 5482
15th January 2023 5296 5561
22nd January 2023 5320 5586
31st January 2023 5350 5618
Highest Rate in January 2023 5380 5649
Lowest Rate in January 2023 5130 5387
Performance 4.29% 4.29%

The price trend seems to be low for the whole month specifically for the 22 carat gold. Take a close look at the 22 Carat Gold Price in Salem for the January month. Here we described the kind of shift that took place for the whole month. Also, we found out the frequent change in the Gold Price in Salem.

  • The table projects 5 different dates in regards to the price fluctuation of the price.
  • Gold rate’s lowest recorded price for 22 carat and 24 carat gold were Rs.5130 and Rs.5387.
  • The highest recorded price for the 22 carat and 24 carat gold Rs.5380 and Rs.5649.
  • The price-performance statistics were 4.29% and 4.29% showing a positive impact .

Gold Rate Movement in Salem for December 2022

Gold Rates in December 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st December 2022 4955 5203
8th December 2022 5023 5274
15th December 2022 5060 5313
22nd December 2022 5124 5380
31st December 2022 5130 5387
Highest Rate in December 2022 5130 5387
Lowest Rate in December 2022 4955 5203
Performance 3.53% 3.54%

Industrial and also the household sector have transformed the use and demand of the metal for a long time as of now. This is the reason why any further purchase or sale such be attempted with close monitoring of the price, to grab hold of the best deal.

  • Weighing in the details of investment requirement, the table is the medium of information for anyone from any sector.
  • Let us now refer to the table and talk about the percentage change which was commuted to be 3.53% and 3.54%.
  • The percentage change was almost the same for both category gold, i.e. 22 and 24 carat.
  • Speaking of the highest price level of the month, it stood to be Rs.5130 and Rs.5387.
  • On the other end, if you take into concern the lowest price of the month, it was Rs.4955 and Rs.5203 respectively.

Gold Rate Movement in Salem for November 2022

Gold Rates in November 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st November 2022 4692 4929
8th November 2022 4692 4692
15th November 2022 4940 5187
22nd November 2022 4905 5150
30th November 2022 4916 5162
Highest Rate in November 2022 4960 5208
Lowest Rate in November 2022 4692 4692
Performance 4.77% 4.73%

We make sure that we consider the viability and comfort of our readers and thus present in detail the gold rate in Salem for the month of November.

We want to help you study the price changes observed over the month and we want you to take practical action. It will act as your acceptable technique in this way.

  • For the first and last day and other important monthly dates, you can check the rates for both the 22 carat and 24 carat values.
  • To remind you about price increases over the last month, we have the percentage and change tracked for you.
  • The modifications indicate that major price changes have been observed during the month.
  • 22 carats and 24 carats if you need details on the highest price points are as Rs 4960 for 22 carat and 5208 for 24 carat.
  • Rs.4692 and Rs.4692 were the lowest price points.

Gold Rate Movement in Salem for October 2022

Gold Rates in October 2022 22 Carat 24 Carat
1st October 2022 4703 4702
8th October 2022 4692 4692
15th October 2022 4692 4692
22nd October 2022 4692 4692
31st October 2022 4692 4929
Highest Rate in October 2022 4703 4929
Lowest Rate in October 2022 4692 4692
Performance -0.23% 4.83%

We aim at keeping you updated regarding the price levels of each of the month, and this section is for the Gold Rate in Salem for the month of October 2021. We have taken all the necessary price movements you must consider and then served them in this section.

  • If you take a look at the table, it has the major price changes one should refer to and also in context with the 22 and 24 carat gold category.
  • The change turned out to be -0.23% and 4.83%, and we have done the commutation for you.
  • The highest price level for this month was reportedly – Rs.4703 and Rs.4929
  • Rs. 4692 and Rs.4692 was, as recorded, the lowest price level.
  • Change in price was not highly volatile, as there was a tiny change in the price level noticed, for both the categories of gold.

September 2022, Gold rate movement in Salem

Gold Rates in September 2022 22 Carat 24 Carat
1st September 2022 4758 4758
8th September 2022 4700 4700
15th September 2022 4706 4706
22nd September 2022 4624 4624
30th September 2022 4684 4688
Highest Rate in September 2022 4758 4758
Lowest Rate in September 2022 4612 4612
Performance -1.56% -1.47%

We aim to provide you with a bunch of information, which will take you past the process of successfully planning your investment. It is all related to Gold Rate in Salem, especially for the month of September, of the year 2021. We have the details of the price fluctuation for you, in brief.

  • The 22 and 24 carat gold rates are both provided to you individually and separately.
  • We would like to draw your attention to the change in price of gold which happened across the entire month, and which was -1.56% and -1.47%.
  • Both the categories gold, showcase a fall in price as per the percentage change commuted by us.
  • Now, you can choose to look at the opening and closing price to see the first and also the last recorded price. While the entire time, the highest price level was Rs.4758 and Rs.4758
  • Also, the lowest price level in context to 22 and 24 carat gold was Rs.4612 and Rs.4612

August 2022, Gold rate movement in Salem

Gold Rates in August 2022 22 Carat 24 Carat
1st August 2022 4799 5039
8th August 2022 4857 5101
15th August 2022 4893 5138
22nd August 2022 4838 4838
31st August 2022 4796 4796
Highest Rate in August 2022 4917 5165
Lowest Rate in August 2022 4776 4776
Performance -0.06% -4.82%

Gold rates are determined by the market forces of demand and supply. Both 22 carat and 24 carat gold are impacted equally. Although their purity rate differs, it is necessary to follow the changes in prices of both before you invest in the same. The below are key highlights for the month of August.

  • The gold prices this month were fluctuating as compared to other reviving months this year.
  • The price of gold as on the first day of the month is Rs. 4799 per gram for 22 carat gold and Rs. 5039 per gram for 24 carat gold in Salem.
  • The highest price touched this month is Rs. 4917 per gram and Rs. 5165 per gram for 22 and 24 carat gold.
  • And the lowest price is Rs. 4776 per gram and Rs. 4776 per gram for each of the categories respectively.
  • The overall performance for each is calculated and set at -0.06% and -4.82% for 22 carat and 24 carat gold.

July 2022, Gold rate movement in Salem

Gold Rates in July 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st July 2022 4789 5026
8th July 2022 4679 4908
15th July 2022 4665 4897
22nd July 2022 4667 4902
31st July 2022 4809 5053
Highest Rate in July 2022 4813 5053
Lowest Rate in July 2022 4632 4859
Performance 0.42% 0.54%

Looking at the fluctuation in gold prices is a very important factor that keeps ones portfolio intact. This section has all the important numbers for the gold rates in Salem for July 2022. Check the section below to know more.

  • There is a stability in gold rates for both the categories for the month of July.
  • The gold rate on the first day of the month is recorded as Rs. 4789 per gram for 22 carat gold and Rs. 5026 per gram for 24-carat gold.
  • Highest rate for 22 carat gold was Rs. 4813 per gram and for 24 carat gold was Rs. 5053 per gram.
  • The lowest touched rate was Rs. 4632 per gram for 22 carat gold and Rs. 4859 for 24 carat gold.
  • The overall recorded performance is 0.42% and 0.54% for both the categories.

June 2022, Gold Rate Movement in Salem

Gold Rates in June 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st June 2022 4741 4980
8th June 2022 4775 5014
15th June 2022 4743 4980
22nd June 2022 4772 5008
30th June 2022 4735 4974
Highest Rate in June 2022 4838 5079
Lowest Rate in June 2022 4720 4954
Performance -0.13% -0.12%

The table drafted above gives a clear hint on the gold rate in Salem. We have elaborated on the price movements separately for the 22 carats and 24 carat gold. Precisely we have also added the percentage change along with the highest and lowest price for both the gold segments.

  • The change in price pertaining to the major month intervals are noted.
  • For each of sections that are for both the 22 carats and 24-carat gold, we have seen that the price changes at the end of the month.
  • The highest rate for the 22 carat gold was Rs.4838
  • Highest price point for the 24 carat gold was Rs.5079
  • The lowest price for the 22 carat gold was Rs.4720
  • On the other hand, the lowest price level for the 24 carat gold was Rs.4954
  • The percentage change in the price for the 22 carat gold was -0.13%
  • The performance of the price in terms of percentage for 24 carat gold is -0.12%.

May 2022, Gold Rate Movement in Salem

Gold Rates in May 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st May 2022 4885 5129
8th May 2022 4878 5125
15th May 2022 4766 5008
22nd May 2022 4787 5028
31st May 2022 4778 5021
Highest Rate in May 2022 4907 5150
Lowest Rate in May 2022 4741 4779
Performance -2.19% -2.11%

The table we have drafted above consists of the Gold Rates in Salem for the month of May. We constructed the columns to get the hint on the gold rate in Salem per gram for both the carat and 24 carat gold.

  • Gold price is recorded at major intervals of time shows the vital changes in the price.
  • The highest recorded price is Rs.4907 for 22 carat gold and Rs.5150 for 24 carat gold.
  • At the same time, the lowest recorded price for 22 carat and 24 carat gold is Rs.4741 and Rs.4779.
  • The price for both the gold segments that is 22 carat and 24 carat seemed to take a leap in the month-end.
  • The overall price performance in terms of the percentage is -2.19% and -2.11%.

April 2022, Gold Rate Movement in Salem

Gold Rates in April 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st April 2022 4795 5040
8th April 2022 4888 5127
15th April 2022 5011 5262
22nd April 2022 4970 5218
30th April 2022 4886 4886
Highest Rate in April 2022 5037 5288
Lowest Rate in April 2022 4795 4886
Performance 1.90% -3.06%

The month of April shows the Gold Rate Movement in Salem and that is what we have elaborated in the above table. It also consists of the Gold Rate in Salem per Gram for each of the gold divisions.

  • The fluctuation in the price statistics on the vital intervals of the month is talked about in the table.
  • The price trend of the gold seemed increasing towards the moth mid then start declining for both the divisions of the gold.
  • Highest recorded price for the 22 carat and 24 carat gold are Rs.5037 and Rs.5288.
  • The lowest recorded gold price is Rs.4795 and Rs.4886 respectively.
  • The end performance of the price pertaining to the percentage are 1.90% and -3.06%.

March 2022, Gold Rate Movement in Salem

Gold Rates in March 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st March 2022 4791 5028
8th March 2022 5059 5059
15th March 2022 4822 5066
22nd March 2022 4798 5038
31st March 2022 4795 5039
Highest Rate in March 2022 5107 5362
Lowest Rate in March 2022 4791 5028
Performance 0.08% 0.22%

The movement of gold price in Salem for the month of March is described in the above table. For the reader’s convenience, we have enclosed the Gold price in Salem per gram for the entire month.

  • The major prices recorded at different intervals are shown on the table based on the recorded price for each day.
  • The major shift in the gold price was observed for the whole month but the low trend was actually noticed in the end of the month.
  • Performance analysis for both the 22 carat and 24 carat gold is 0.08% and 0.22% accordingly.
  • The lowest point of the recorded gold price for 22 carat and 24 carat gold is Rs.4791 and Rs.5028
  • The highest point of the recorded gold price for 22 carat and 24 carat gold is Rs.5107 and Rs.5362.

February 2022, Gold Price Movement in Salem

Gold Rates in February 2022 22 Ct Gold Rate (Rs) 24 Ct Gold Rate (Rs)
1st February 2022 4532 4758
8th February 2022 4546 4768
15th February 2022 4742 4980
22nd February 2022 4768 5006
28th February 2022 4816 5062
Highest Rate in February 2022 4831 5075
Lowest Rate in February 2022 4515 4743
Performance 6.27% 6.39%

Here we have analyzed the 22 Carat Gold Rate in Salem for the month of February. So look at the Gold Rate in Salem per gram and check the movement of the gold price throughout the month.

  • The frequency of the price movement is documented at the major time intervals.
  • The price-performance of 22 carat and 24 carat gold in terms of percentage is 6.27% and 6.39%.
  • Price trend of the gold followed a apprising pattern across the whole month.
  • The lowest price recorded for the 22 carat and 24 carat gold is Rs.4515 and Rs.4743.
  • The highest price for the 22 carat gold and 24 carat gold was Rs.4831 and Rs.5075.

Gold Rate in Salem – Trend in 2020

Gold Rate in Salem

Taking into account the present happenings like the sudden outbreak of the deadly virus Corona as well as the trade contract between the Indian and China, it is considered highly accountable for causing the crucial drift in the Gold Rate Trend in Salem.

It was well witnessed at the start of the year. With the kick-start of the year, the gold price followed an increasing pattern but somehow the whole price just reached a stable margin and that is all due to the COVID 19.

Apart from that, you need to consider the fall of the stock market followed by the significant shift in the dollar price.

The month of March was the booming month of the gold price, as it reached the peak. It was because of the government’s initiative to come to terms with the COVID situation.

Check out Gold Rates of more cities & states

Gold Rate in Salem – Trend in 2019

The estimation for the Gold Rate Trend 2019 in Salem for the entire year 2019 has been summarised in this section. As you can see, the whole year price was in equilibrium, that means the rise and fall were almost steady.

The Historical Gold Rate in Salem projects the vital occurrences throughout the year 2019 and the fact is they influenced the price of the gold as well. The main cause for the same was the tussle between the China and USA.

Any vital decline in the gold rate is increased by the continuous demand for the gold. On the whole, you can see that the price fluctuation is due to the US value of the dollar.

What makes Gold Rates in Salem to increase?

Gold Rate in Salem as of today depends on the overseas and domestic scenarios. Events like the rise in the US dollar and the increase in the demand of the metal resulted in a shift in the gold rate. So let’s see why such things actually happen.

  • When the rate of inflation is high, people have the tendency to buy more gold. Now that is the situation when the price of the gold rises up.
  • If there is a change in price that is on both the domestic and international markets, then it is obvious that the gold price will fluctuate.
  • The central bank of the prime countries intends to procure gold. In that situation, the price of the gold rises up.
  • Indians have a special liking for the gold and during the festive periods that likeliness increases, as a result, the demand for the gold rises during the period of Diwali. Hence, the price of gold also increases.
  • If the rate of the interest is low, then the price for the gold increases. It so happens because people find it better to have more gold, which is why in such cases the demand for the gold escalates.

What makes Gold Price in Salem to decrease?

Here we are stating some of the other reasons that justify the decline of the gold price in Salem. Follow the bullet points that we cited down below:

  • When the market scenario is bearish then you will see a sharp decline in the price.
  • The international market scenario can lead to a fall in gold prices.
  • When the supply of the gold increases then it is obvious the demand for the metal will decrease. That is why the price of the gold will fall down.
  • You know that the interest rate follows an inverse relationship with the gold price. That is why when the interest rate is more, the gold price declines. It is because people will rush after selling the gold to have more cash.

Why Central Bank Policies impacts Gold Rates in Salem?

As you know, the Central Bank consists of the Gold reserves as well as the currencies. But, the Central Bank is found to buy more of the majority of the gold. That simply raises the price of gold in the market. So here, you can see that they are shifting from paper currency to gold.

In this regard, note that that rise in the US dollar or the rise in the Indian currency definitely makes the gold a valuable asset for the investors.

Now, this is the reason why investors like to use gold as the hedging instrument so that they can come to terms with the rising Gold Price in Salem.

Other than that, rise in the government rates always attract the investors. Therefore, during such times the demand for the yellow metal automatically reduces, which eventually reduces the Gold rate in Salem Today.

Why Gold Price in Salem is different from other Cities?

The gold price is different in different areas now that are because of the local rates charged, logistics. Additionally, the local market condition and rise of the US dollar affect the gold price.

On this note, you can see that the international market condition determines the gold price. Now we are considering the gold price in Salem.

Remember that the price of the gold fluctuated due to underlined factors like the cost of the transportation or the hauling, the volume of the quantity purchased and the local association of the jewellers.

Overall these factors design the price format. Additionally, the Indian currency also impacts the gold price. Just remember if the gold price is less then obviously the gold price will fall.

What is Gold Rate in Salem 916 Hallmark gold?

The 22 carat gold rates refer to the 916 gold. The 91.6 grams of gold represents the purity of the gold on the final product.

Now the jewellery makers need to assure that this mark is there on the jewellery adhering to the BIS regulation. Hallmark sign on the gold assures that the gold abides by the purity norms.

Therefore gold rate in Salem 916 actually determines only 22 carat gold. It actually signifies that 91.6 grams of gold are present in 100 grams of alloy.

This symbolizes the purity of the gold. The manufacturer uses this 22 carat gold and assures that the sculpture design would be the same as that of the 24 carat jewellery.

Find out Gold Rates of more Indian Cities & States

How much is the Tax Levied on Gold Rate in Salem?

Different types of rates and tax is levied on the yellow metal. But government imposed 3% on the gold and 5% on the making charge. The making charge changes from one seller to another. Therefore, a definite charge was fixed on the final output.

The government also fixes the tax on the gold rate in Salem. The government charges 5% Goods and services tax, which is charged, by the seller and that will is constant.

Gold Rate in Salem – Conclusion

We have conscripted the article, to give you a detailed clue on the Gold Rate in Salem. We also described all the factors affecting the gold price.

Also, we tried to give you a sneak peek into vital determinants of the gold rate for both the 22 carat and 24 carat. Moreover, we also attached the reports pertaining to the Today Gold Rate in Salem.

Gold Rate in Salem FAQs

Ques – How to check today’s gold rate in Salem?

Answer – All rates in the article are given for you. The rates are shown in a tabular form that has the current rate of gold weight. We also send you the gold rate on the previous day to compare and see. Gold prices are given of 22 carat and 24 carat.

Ques – Where to find gold rate in Salem?

Answer – All about the gold rate in Salem can be conveniently found in the article itself. We provide the customer with all the necessary data to make things workable. Therefore the table where the data on your needs are given is all you need to do.

Ques – Is this live gold price in Salem?

Answer – Oh yes, the price in Salem is live gold. We ensure that the customers are provided with the latest data and that we regularly update our records. In addition to the comparison with the customers’ previous days, at the beginning of the article we have the live gold price.

Ques – Can I find last month’s gold price here?

Answer – Our data tables are structured to offer gold rates details across different timelines. We have a week, 15 days, one month, 6 months and one year rates of gold. So you will have access to the gold rate last month with only a little effort.

Ques – Where to find 22 Ct Gold rate in Salem ?

Answer – The gold category, i.e. 22 carats and 24 carats, is given in the article given.The table data is put first in the 22 carat category and you can thus find all the information that is needed.

Ques – Is the Gold rate in Salem update?

Answer – Yes, the Salem gold rate is occasionally changed. We trust that things are easy for our customers and thus update our information periodically without fail. So all upgrade data can be found without any obstruction.

Ques – Will I find Gold rate forecast here?

Answer – Yes, after having developed the product over many periods, we offer our customers the option of technical review. In the article you will find the gold rate forecast, as we ensure that our data is updated daily. So you can easily develop your investment strategies

Ques – Can I use gold investment calculator?

Answer – Yeah, the customers’ gold investment calculator can be readily available to everyone. You have to complete certain mandatory fields such as urban or state space, the investment time and the amount of investment to verify the profit or losses you have made. After completing the data, press the calculation button and your information will appear.

Ques – Can I calculate the Gold rate in Tola?

Answer – Oh, the gold rate at Tola can be measured. The calculator for gold investment is the system for you. There are also several other computing units in the gold investment calculator and thus the desired data can be collected in the various units given.

Ques – What is 24 Ct Gold in Salem ?

Answer – 24 The purest type of gold present in Salem will signify carat gold. We recognise that there is no mixture with the purest shape and that there are therefore bars available. They cannot be used for the development of ornaments. The other 22-carat gold category has some combination and is less expensive compared to the 24-carat category.

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