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Gold has always been a popular investment avenue in India for various reasons. Apart from the precious metal being considered as a symbol of status, investing in gold has been a traditional  practice in the country. 

 

However, you need to be aware of the prevailing prices of gold if you plan to invest in this precious metal.

Gold Price in Coimbatore

The following table provides the 24-karat gold rate today in Coimbatore:

Weight

24 Karat Gold Rate Today

24 Karat Gold Rate Yesterday

Price Change

1 g

₹ 6,323

₹ 6,338

-₹ 15

10 g

₹ 63,230

₹ 63,380

-₹ 150

100 g

₹ 6,32,300

₹ 6,33,800

-₹ 1,500

Disclaimer: The rates are subject to change as per market conditions.

22 & 24 Karat Gold Rate in Coimbatore for the Last 10 Days

Here are the trends in the gold rate in Coimbatore in the last 10 days:

Date

STANDARD GOLD 22K

PURE GOLD 24K

1 g

10 g

1 g

10 g

Feb 22, 2024

₹ 5,800.00

₹ 58,000.00

₹ 6,323.00

₹ 63,230.00

Feb 21, 2024

₹ 5,810.00

₹ 58,100.00

₹ 6,338.00

₹ 63,380.00

Feb 20, 2024

₹ 5,785.00

₹ 57,850.00

₹ 6,311.00

₹ 63,110.00

Feb 19, 2024

₹ 5,800.00

₹ 58,000.00

₹ 6,327.00

₹ 63,270.00

Feb 18, 2024

₹ 5,780.00

₹ 57,800.00

₹ 6,305.00

₹ 63,050.00

Feb 17, 2024

₹ 5,780.00

₹ 57,800.00

₹ 6,305.00

₹ 63,050.00

Feb 16, 2024

₹ 5,740.00

₹ 57,400.00

₹ 6,262.00

₹ 62,620.00

Feb 15, 2024

₹ 5,740.00

₹ 57,400.00

₹ 6,262.00

₹ 62,620.00

Feb 14, 2024

₹ 5,750.00

₹ 57,500.00

₹ 6,273.00

₹ 62,730.00

Feb 13, 2024

₹ 5,810.00

₹ 58,100.00

₹ 6,338.00

₹ 63,380.00

Disclaimer: The rates are subject to change as per market conditions.

Points to Remember When Buying Gold in Coimbatore

Consider the following things before investing in gold:

  • The gold prices depend on its purity level, with 24-karat gold having the highest value

  • Look for the BIS hallmark on jewellery as it certifies its authenticity and purity 

  • Carefully check the making charges on jewellery as they remain unregulated 

  • Obtain an invoice from the retail store containing all the details about the purchase

Gold Investment in Coimbatore

You can invest in gold assets in the following ways:

  • You can buy gold in physical form from retail stores 

  • You can also get minted gold coins from authorised banks

  • You can invest in Gold Exchange-Traded Funds (ETFs) or Sovereign Gold Bonds (SGBs) 

  • You can purchase digital gold from authentic online investment platforms

FAQs on the Gold Rate in Coimbatore

How do exchange rates impact gold rates?

India is the second largest consumer of gold, and it largely imports this precious commodity. If the value of the rupee reduces against the US Dollar, the prices of gold in India increase.

What are the GST charges on the purchase of gold?

The GST rate on the purchase of gold and making charges is 5% and 3%, respectively.

Is buying gold a safe investment?

Yes, gold is considered a safe investment because it experiences less volatility and offers stable returns.

What are the various factors that affect gold prices in Coimbatore?

A few factors that influence gold prices in Coimbatore include inflation rate, government policies and other macroeconomic factors.

How is the purity of gold evaluated in Coimbatore?

As mentioned earlier, the amount of money you can invest in gold will depend on its purity. You can evaluate gold jewellery’s purity by checking for a Bureau of Indian Standards (BIS) hallmark.

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