Gold and Silver Rate 1 Gram 916 Today in Chennai, Madurai, and Coimbatore
In Tamil Nadu, gold is seen as a secure asset and is often used as a form of savings for families. Gold ornaments and coins are popular investments, particularly for those with a girl child. Gold is seen as a way to ensure a secure future for daughters and is a tradition that has been passed down through the generations. Gold is also seen as a hedge against inflation, as the value of gold typically increases over time. In Chennai, many goldsmiths and jewelers can provide advice on the best ways to invest in gold. Additionally, there are several banks and financial institutions that offer gold investment products for those who wish to invest in gold.
Gold Rate February 2024 Chennai GRT
As of today, the 10th of February 2024, in the city of Chennai, the gold rate at GRT Jewellers is as follows: For every gram of 22k gold, the price is Rs. 5770, while for every gram of 24k gold, the price is Rs. 6299. If you prefer 18k gold, the price per gram is Rs. 4724. Alternatively, if you are interested in platinum, the cost for every gram is set at Rs. 3237. Lastly, for those looking to purchase silver, the price per gram is Rs. 76.5.
Gold Rate February 2024 Madurai Thangamayil
On February 10, 2024, in the city of Madurai, the renowned Thangamayil jewelry store proudly presented its gold rates. As per their latest update, the price for 18K gold was set at ₹5770, while the desired 22K gold could be acquired for ₹6295. For those seeking the utmost purity, the cost of 24K gold was ₹76.50 per gram. Additionally, the price of silver also held significance, standing at an undisclosed value.
Gold Rate February 2024 Coimbatore Lalitha jewellery
As of today, the 10th of February 2024, Lalitha Jewellery in Coimbatore is offering various rates for precious metals. For gold, the rate is Rs. 5770 per gram for 22 karat gold. On the other hand, silver is being valued at Rs. 76.50 per gram. Finally, for those interested in platinum, the rate stands at Rs. 3237 per gram.
Gold Rate February 2024 Rajam Chetty Kancheepuram
On Monday, the 10th of February 2024, in Rajam Chetty Kancheepuram, the gold rates were as follows: For 18 KT (750) gold, the rate was ₹ 4695 per gram. For 22 KT (916) gold, the rate was ₹ 5740 per gram. And for 24 KT (999) gold, the rate was ₹ 6262 per gram.
Gold Rate 12.2.2024 in Kanyakumari and Nagercoil
On the 11th of February 2024, in the captivating city of Kanyakumari, the rates of gold per gram were recorded at various renowned jewelry stores. At Nagercoil Malabar Jewellery, the price for 22 KT (916) gold stood at Rs. 5770 per gram. Bhima Jewellery offered 22 KT (916) gold at a slightly lower price of Rs. 5609 per gram. Meanwhile, Lalitha Jewellery enticed customers with their 22 K gold, also priced at Rs. 5770 per gram. Lastly, Kalyan Jewellers showcased their 22 kt gold, available for purchase at Rs. 5770 per gram.
Note: Please note that the gold rates provided above are approximate figures and do not include additional taxes such as GST and TCS. These rates were last updated on February 10, 2024, at 10 AM.
Determining the Gold Rate in Chennai: A Comprehensive Guide
Calculating the gold rate in Chennai is an essential step when considering any gold transaction. The gold rate is influenced by various factors such as market demand, supply, and global economic conditions. To accurately calculate the gold rate in Chennai, one can consult multiple sources including newspapers, online portals, and local jewelers.
One convenient method to calculate the gold rate in Chennai is by utilizing online portals that provide real-time gold prices. These platforms offer up-to-date information, enabling buyers and sellers to make well-informed decisions. Alternatively, individuals can also seek advice from local jewelers who possess valuable insights into the current market conditions and can provide an estimate of the gold rate accordingly. It is important to note that the purity of the gold plays a significant role in determining its rate, thus necessitating knowledge of the exact purity before calculating the gold rate.
Gold Rate refers to a system allowing the purchase and sale of gold at the prevailing market price with immediate payment and delivery. The current rates for 22kt Gold in Chennai (per gram or savaran or pavan) are as follows:
Brief Overview of Gold Rates in India
It is worth noting that global gold prices have recently experienced a decline to their lowest levels since August 2021. However, in India, the price decrease has not been as substantial due to the Indian government’s decision to increase import duty on gold. Various factors contribute to fluctuations in gold prices, including rate hikes by central banks in developed nations, which make US sovereign bonds more appealing and strengthen the US dollar. In India, another crucial factor affecting gold prices is gold imports. As India primarily relies on imported gold, changes in INR/USD exchange rates and domestic taxes such as GST and import duty impact the price of gold within the country. Now, let’s address some common queries you may have regarding gold rates.
What is the gold price in Chennai (India)?
As of July 20, 2022, the price of 10 grams of 24-carat gold in Chennai stands at 52,220 INR. This reflects a decrease of approximately 3.8% from this month’s peak, which was 54,020 INR on July 5, 2022. On the other hand, the price of 10 grams of 22-carat gold in Chennai is currently 46,670 INR as of July 20, 2022.
How are gold rates determined in India?
As previously mentioned, gold rates in India are determined by factoring in local taxation. Gold retailers and dealers calculate gold rates by considering global gold rates and adjusting for currency exchange rates with the USD, import duty, and other taxes such as VAT.
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