Gold Rate/Price in Salem Today
Gold Buying Price Today Salem - Find Salem 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 |
|
| 14 Apr 2018 | ₹ 2,970 |
₹ 23,760 |
₹ 3,119 |
₹ 24,952 |
| 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 |
*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.
Gold rates in Salem depend on several global factors such as gold imports, oil prices and strength of the dollar among others. Gold rates touched a 4-year low in India and over five-year low globally this year. According to experts, gold prices are unlikely to rise in the near future due to an imminent hike in interest rates by the US Fed and Greece’s default crisis. Intriguingly, 60% of demand for gold comes from rural India especially during weddings.
Experts, therefore, warn that reducing rural purchasing power, crop failure and a bad monsoon may hit gold sales. According to World Gold Council, 50% of the Indian population is under 25 years. As a result, around 150 million weddings are likely to take place in the coming ten years.
Most consumers in Salem buy gold jewellery for traditional festivals and weddings. Auspicious days such as Dhanteras and Akshaya Tritiya attract long queues in front of jewellery stores in Salem. In addition to its obvious ornamental uses, gold is used as a safe hedge against inflation.
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