Gold Rate/Price in Madurai Today
Gold Buying Price Today Madurai - Find Madurai Gold Selling and Buying Price Today include 1gm gold rate, 8gram gold rate, 22 carat gold and 24 carat gold at liccalculatorpremium.com.
| Date | Standard Gold (22 K) |
Pure Gold (24 K) |
||
1 gram |
8 grams |
1 gram |
8 grams |
|
| 13 Apr 2018 | ₹ 2,958 |
₹ 23,664 |
₹ 3,106 |
₹ 24,848 |
| 12 Apr 2018 | ₹ 2,980 |
₹ 23,840 |
₹ 3,129 |
₹ 25,032 |
| 11 Apr 2018 | ₹ 2,951 |
₹ 23,608 |
₹ 3,099 |
₹ 24,792 |
| 10 Apr 2018 | ₹ 2,927 |
₹ 23,416 |
₹ 3,073 |
₹ 24,584 |
| 09 Apr 2018 | ₹ 2,926 |
₹ 23,408 |
₹ 3,072 |
₹ 24,576 |
| 08 Apr 2018 | ₹ 2,929 |
₹ 23,432 |
₹ 3,075 |
₹ 24,600 |
| 07 Apr 2018 | ₹ 2,929 |
₹ 23,432 |
₹ 3,075 |
₹ 24,600 |
| 06 Apr 2018 | ₹ 2,918 |
₹ 23,344 |
₹ 3,064 |
₹ 24,512 |
| 05 Apr 2018 | ₹ 2,920 |
₹ 23,360 |
₹ 3,066 |
₹ 24,528 |
| 04 Apr 2018 | ₹ 2,930 |
₹ 23,440 |
₹ 3,077 |
₹ 24,616 |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
In India, we purchase and use gold primary in the form of jewelry. But the classic Indian mindset is changing and we are viewing gold in a different way than just as an expensive ornament – as an investment, that can be traded for a profit. In Madurai, a large tier-2 city in Tamil Nadu, the demand and awareness of gold as a tradable commodity is increasing.
Investing in Gold in Madurai
One can make the following investments in Gold in Madurai today:
Gold coins are the most common form of investment in Madurai, Tamil Nadu and the rest of India when it comes to gold. Gold coins can be bought easily over the counter at any gold trader, they are cheaper, smaller, come in various weights like 1 gram, 2 grams, 5 grams, 10 grams, etc. and represent smaller investments than, say, gold bullion. Fluctuations in the price of gold affect bullion and coins in the same way, and the risk and reward will be proportional to the amount of cash you invest. Gold coins are available from most gold merchants and the weightages available range from 1 gram to 500 grams.
Gold bullion is an investment in larger quantities of gold, from a certified authority, in the form of bars, tablets or standard-sized pieces, used primarily as an invested commodity. Gold bullion is generally traded in weightages over 500 grams, the most common being 1 kilo. International gold trading usually happens with gold bullion being the medium for the same, apart from gold ownership certificates. Most gold bullion is internationally tradable, depending on the authority that sells you the gold.
Jewelry and ornaments are still the largest form in which gold is bought and sold in India. When gold is shaped into ornaments and jewelry, it is sometimes mixed with an alloy to allow for greater malleability, which results in the loss of some purity. Since there are festivals and events (like marriages) which have gold as their central theme, most Indians prefer to buy gold in the form of jewelry and ornaments. This is to increase the utility of the asset as a gift, a daily use item and also as a means of preserving the asset value, should the need arise to sell it.
It’s vitally important to read up on the factors that affect the gold rate, such as the strength of the US Dollar, demand versus supply, international currency movements, etc.
Buying Gold in Madurai
One can purchase gold as an investment, or as jewelry from many stores and traders across the city of Madurai such as Balan Jewellery, Shanmuga Jewellers, Prince of Peace Jewel Crafts, Annam Jewellers, Joyalukkas, Tanishq, Ponnazhagu Jewellers, etc.
When buying gold in Madurai, it is highly recommended that you buy from a well-established and certified dealer. Ensure that the gold is stamped, engraved or in some way certified and determined to be real gold of whichever purity you choose – 22 karat or 24 karat. Make sure that you also get a certificate of authenticity which contains details of purity, rate on the date of purchase and the amount of gold purchased – along with the gold.
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