The fascination of Coimbatore for gold dates back to the pages of history. A fast-growing 2 tier city with a high standard of living, this South Indian city continues to have a soft corner for gold investment. Here, the gold rates are mainly based on market fluctuation and availability, among others. Today Gold rate in Coimbatore is ₹ 61,100 per 10 grams for 24 Carat and ₹ 56,000 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,110 | + ₹ 34 |
8 grams
|
₹ 48,880 | + ₹ 272 |
10 grams
|
₹ 61,100 | + ₹ 340 |
100 grams
|
₹ 6,11,000 | + ₹ 3,400 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 5,600 | + ₹ 30 |
8 grams
|
₹ 44,800 | + ₹ 240 |
10 grams
|
₹ 56,000 | + ₹ 300 |
100 grams
|
₹ 5,60,000 | + ₹ 3,000 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
05 June 2023
|
₹ 60,760 | ₹ 55,700 | -0.18% |
04 June 2023
|
₹ 60,870 | ₹ 55,800 | 0% |
03 June 2023
|
₹ 60,870 | ₹ 55,800 | -1.03% |
02 June 2023
|
₹ 61,505 | ₹ 56,380 | +0.32% |
01 June 2023
|
₹ 61,310 | ₹ 56,200 | -0.44% |
31 May 2023
|
₹ 61,580 | ₹ 56,450 | +1.07% |
30 May 2023
|
₹ 60,920 | ₹ 55,850 | -0.09% |
29 May 2023
|
₹ 60,980 | ₹ 55,900 | -0.07% |
28 May 2023
|
₹ 61,040 | ₹ 55,940 | 0% |
27 May 2023
|
₹ 61,040 | ₹ 55,940 | -0.20% |
26 May 2023
|
₹ 61,150 | ₹ 56,050 | -0.36% |
25 May 2023
|
₹ 61,360 | ₹ 56,250 | -0.71% |
24 May 2023
|
₹ 61,800 | ₹ 56,650 | +0.35% |
23 May 2023
|
₹ 61,580 | ₹ 56,450 | -0.53% |
22 May 2023
|
₹ 61,950 | ₹ 56,750 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st May rate | ₹ | ₹ 802 |
31st May rate | ₹ | ₹ |
Highest rate in May | ₹ 57,760 on 6th May 2023 | ₹ 63,010 on 6th May 2023 |
Lowest rate in May | ₹ 55,850 on 30th May 2023 | ₹ on 5th May 2023 |
Over all performance | Falling | Falling |
% change | -100.00% | -100.00% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st April rate | ₹ | ₹ 777 |
30th April rate | ₹ | ₹ 804 |
Highest rate in April | ₹ 57,310 on 15th April 2023 | ₹ 62,510 on 15th April 2023 |
Lowest rate in April | ₹ 55,350 on 3rd April 2023 | ₹ on 3rd April 2023 |
Over all performance | Rising | Rising |
% change | +3.47% | +3.47% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st March rate | ₹ | ₹ 702 |
31st March rate | ₹ | ₹ 775 |
Highest rate in March | ₹ 55,900 on 31st March 2023 | ₹ 60,980 on 31st March 2023 |
Lowest rate in March | ₹ 51,550 on 9th March 2023 | ₹ on 2nd March 2023 |
Over all performance | Rising | Rising |
% change | +10.40% | +10.40% |
International factors also seem to play an important role in the same, particularly international currency fluctuations and global trade policies.
Pledging gold as collateral to meet financial needs has been a constant feature of the Indian gold market. Traditionally, households use gold loans to meet costs of health, education, and marriage. Small businesses use them for their working capital needs. Coimbatore treads on the same path.
With modernisation, the city hasn’t abandoned its favourite precious metal. Rather, Coimbatore has slowly adapted to the new ways of investing in gold digitally. The popularity of gold sovereign bonds, trade exchanges, and gold futures is rising with each passing day.
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