Today's Gold Rate in Cuddalore

Gold is a cherished asset in India, and Cuddalore is no exception. Known for its cultural and financial significance, gold is often bought for occasions like weddings, festivals, and as an investment. Keeping track of the gold rate in Cuddalore today is essential for anyone planning to purchase gold, ensuring they make informed decisions and get the best value for their money.

 

Gold prices in Cuddalore, like elsewhere, vary daily based on factors such as global market trends, currency exchange rates, and local demand. Both 22-karat and 24-karat gold options are available in the market, catering to different preferences and budgets. Staying updated on today's gold price in Cuddalore can help buyers plan their purchases effectively.

 

Whether you’re looking to buy gold jewellery or invest in gold as a secure asset, knowing today’s gold rate in Cuddalore is crucial. With this information, you can make smart and timely decisions that align with your financial goals.

Gold prices in Cuddalore continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.

 

Gold Prices on 1st April 2025

• 22-Karat Gold: ₹8,910 per gram
• 24-Karat Gold: ₹9,720 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,340 per gram
• 24-Karat Gold: ₹10,200 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 24th April 2025:

• 22-Karat Gold: ₹9,450 per gram
• 24-Karat Gold: ₹10,310 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 5th April 2025:

• 22-Karat Gold: ₹8,850 per gram
• 24-Karat Gold: ₹9,660 per gram

 

Overall Performance

Gold prices in Cuddalore showed a +4.83% increase in April 2025.

Gold prices in Cuddalore continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.

 

Gold Prices on 1st March 2025

• 22-Karat Gold: ₹8,510 per gram
• 24-Karat Gold: ₹9,270 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹8,900 per gram
• 24-Karat Gold: ₹9,710 per gram

 

Highest Gold Price in March 2025

The highest recorded price of gold during the month was on 29th March 2025:

• 22-Karat Gold: ₹9,000 per gram
• 24-Karat Gold: ₹9,810 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 5th March 2025:

• 22-Karat Gold: ₹8,480 per gram
• 24-Karat Gold: ₹9,240 per gram

 

Overall Performance

Gold prices in Cuddalore showed a +4.58% increase in March 2025.

Gold prices in Cuddalore continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.

 

Gold Prices on 1st February 2025

• 22-Karat Gold: ₹8,240 per gram
• 24-Karat Gold: ₹8,990 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,520 per gram
• 24-Karat Gold: ₹9,280 per gram

 

Highest Gold Price in February 2025

The highest recorded price of gold during the month was on 25th February 2025:

• 22-Karat Gold: ₹8,650 per gram
• 24-Karat Gold: ₹9,410 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 7th February 2025:

• 22-Karat Gold: ₹8,180 per gram
• 24-Karat Gold: ₹8,920 per gram

 

Overall Performance

Gold prices in Cuddalore showed a +3.40% increase in February 2025.

Gold prices in Cuddalore are influenced by various factors that can change daily. Understanding these factors helps buyers make better decisions and plan their investments effectively. Here are the key elements that impact gold prices in Cuddalore:

Global Market Trends

Gold prices in Cuddalore depend on international market fluctuations. Changes in global demand, geopolitical events, or economic uncertainties can directly impact local rates.

Currency Exchange Rates

Since gold is traded internationally in U.S. dollars, the value of the Indian rupee against the dollar plays a significant role. A weaker rupee increases the cost of gold in India.

Local Demand and Supply

High demand during festivals, weddings, or special occasions often drives gold prices up in Cuddalore. Conversely, lower demand can lead to reduced rates.

Government Policies and Taxes

Government regulations, import duties, and GST directly affect the final price of gold in Cuddalore. Higher taxes increase the overall cost for buyers.

Inflation Rates

Gold is considered a hedge against inflation. When inflation rises, people invest more in gold, leading to increased demand and higher prices.

Interest Rates

When bank interest rates are low, investors prefer gold as a safer alternative, pushing up demand and prices. Higher interest rates often result in lower gold demand.

Seasonal Variations

Gold prices fluctuate seasonally due to cultural and traditional buying patterns in India. Festive seasons often see price hikes due to increased purchasing.

 

By understanding these factors, buyers in Cuddalore can better predict price changes and make smarter gold investment decisions.

The implementation of GST (Goods and Services Tax) in India has significantly influenced gold prices across the country, including Cuddalore. Understanding how GST impacts the gold rate helps buyers make informed purchasing decisions. Here's a detailed look:

GST on Gold Purchases

A GST of 3% is applied to the price of gold when buying jewellery, coins, or bars. This tax is added to the base gold rate, increasing the overall cost for buyers in Cuddalore.

GST on Making Charges

In addition to the gold price, 5% GST is levied on the making charges for gold jewellery. Since making charges vary, this tax can significantly affect the final price.

Standardised Tax Structure

Before GST, gold was subject to multiple taxes like VAT and excise duty. GST replaced these with a uniform tax structure, making gold pricing more transparent and predictable.

Impact on Demand

The additional cost due to GST has slightly affected gold demand in Cuddalore. Buyers often plan their purchases carefully to manage the higher costs.

Ease of Tracking Costs

With GST, the tax structure is simplified, allowing buyers in Cuddalore to easily calculate the total cost of gold, including taxes. This ensures transparency in gold transactions.

 

By understanding the role of GST in gold pricing, buyers in Cuddalore can better manage their expenses and make informed decisions while purchasing gold.

Gold rates play a significant role in determining the value of gold loans in Cuddalore. Whether you are pledging gold as collateral or repaying a loan, understanding this impact is crucial for better financial planning. Here's how gold rates affect gold loans in Cuddalore:

Loan Amount Determination

The value of gold pledged determines the loan amount. Higher gold rates increase the loan amount you can receive, while lower rates may reduce it.

Loan-to-Value (LTV) Ratio

The Reserve Bank of India (RBI) allows lenders to offer up to 75% of the gold’s market value as a loan. When gold prices rise, the loan value increases for the same amount of gold.

Repayment Impact

If gold prices drop during the loan period, lenders may request additional gold as collateral to maintain the LTV ratio. Borrowers should keep this in mind when gold rates fluctuate.

Gold Loan Interest Rates

While gold rates don’t directly affect interest rates of gold, higher gold prices may lead to increased demand for loans, indirectly influencing lenders’ offers.

Resale Value on Default

In case of non-repayment, the lender sells the pledged gold to recover the loan amount. A drop in gold rates during this period could result in losses for lenders, affecting their lending policies.

Loan Tenure and Gold Rates

For long term gold loan tenure, fluctuations in gold prices can impact both lenders and borrowers. Regularly monitoring gold rates is advisable for better financial decisions.

 

Understanding these factors helps borrowers in Cuddalore manage gold loans effectively, ensuring they make the most of their gold's value.