Gold Rate in Madurai

Last Updated: 6th June 2023

24 Carat Gold Rate (10 grams)

₹ 61,100 +340 (+0.56%)
22 Carat Gold Rate (10 grams)

₹ 56,000 +340 (+0.56%)

The cultural significance of gold is deeply rooted in the land of Madurai. It is also evident in the city’s ancient Meenakshi temple, a UNESCO world heritage site that has gold shrines above the sanctums of the idols. As evident, gold is quite popular here in the form of jewellery and other ornaments. Like any other city, the gold rates depend on various factors including rupee-dollar trends, domestic demand, festivity schedule, inflation, etc. Today Gold rate in Madurai is ₹ 61,100 per 10 grams for 24 Carat and ₹ 56,000 for 22 Carat.

24 Carat Gold Rate in Madurai Today

Digital Gold Price

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

22 Carat Gold Rate in Madurai Today

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

Gold Rate Comparison (24K vs 22K) in Madurai

Gold Rate in Madurai for Last 15 Days

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%

Historical Gold Rate in Madurai

Gold Price Movement May 2023

Gold Rates	22 Carat	24 Carat
1^st May rate	₹	₹ 802
31^st 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 Price Movement April 2023

Gold Rates	22 Carat	24 Carat
1^st April rate	₹	₹ 777
30^th 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 Price Movement March 2023

Gold Rates	22 Carat	24 Carat
1^st March rate	₹	₹ 702
31^st 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%

* Gold rates are reflective of market trends and interest rates. They do not include GST, TCS and other levies. For the latest and exact prices contact your local jeweller. Making charges may apply.

Gold Rate Calculator

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22 Carat

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About Gold Rate in Madurai

Another factor playing in favour of the gold trade here is the bustling trade and industrial network here. The entire city is dotted with traders of all sorts, and gold dealers are no exception.

Thus, market fluctuations play a major role in determining gold prices here. Inflation, interest rate trends, state taxes, octroi, and making charges are some other factors. International market factors such as crude oil prices, rupee-dollar trends, and strength of international currencies, also play an important role in the same.

Given the prevalence of agriculture in the city, a good monsoon also harbours gigantic gold demands from the rural sections. It goes without saying that gold jewellery tops the choice of locals for gold investment. It is evident in the shooting demands for the gold ornaments during the wedding seasons, festivals, and other auspicious occasions.

However, the city is fast catching up with the trend of investing in digital and electronic gold. Exchange Trade Funds (ETFs), sovereign gold bonds, gold mutual funds, and gold futures are some of the popular choices.

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