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Today 22 Carat Gold Rate in Erode

Here’s a look at today gold rate in erode 22 carat:

  • Standard gold (22 carats) for 1 gram:  6,740

  • Standard gold (22 carats) for 8 grams: ₹ 53,920

 

Now that you know today Erode gold rate, here’s a look at the rate change for today and yesterday:

Gram

22 Carat Gold Rate Today

22 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹9,250

₹9,250

     ₹0

10 Gram

₹92,500

₹92,500

     ₹0

100 Gram

₹925,000

₹925,000

     ₹0

If you want to know today gold rate in Erode 916 KDM, here’s a look:

  • 18 carat gold rate in Erode for 1 gram: ₹ 5,521

  • 18 carat gold rate in Erode for 10 grams: ₹ 55,210

 

To have a clear understanding of the gold rate Erode live, refer to the weekly chart:

Today 22 and 24 Carat Gold Rate in Erode

Date

STANDARD GOLD 22K

STANDARD GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

June 30, 2025

₹9,250

₹92,500

₹9,713

₹97,130

June 29, 2025

₹9,250

₹92,500

₹9,713

₹97,130

June 28, 2025

₹9,250

₹92,500

₹9,713

₹97,130

June 27, 2025

₹9,250

₹92,500

₹9,713

₹97,130

June 26, 2025

₹9,335

₹93,350

₹9,802

₹98,020

Today 18 Carat Gold Rate in Erode

Gold price in Erode with fluctuations in the last few days, is shown below:

Date

STANDARD GOLD 18K

1 Gram

10 Gram

June 30, 2025

₹7,568

₹75,680

June 29, 2025

₹7,568

₹ 75,680

June 28, 2025

₹7,568

₹75,680

June 27, 2025

₹7,568

₹75,680

June 26, 2025

₹7,638

₹76,380

`

Gold Rate in Erode - April 2025

Gold prices in Erode 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: ₹8,510 per gram
  • 24-Karat Gold: ₹9,284 per gram

 

Gold Prices on 30th April 2025

  • 22-Karat Gold: ₹8,975 per gram
  • 24-Karat Gold: ₹9,791 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 22nd April 2025:

  • 22-Karat Gold: ₹9,290 per gram
  • 24-Karat Gold: ₹10,135 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 8th April 2025:

  • 22-Karat Gold: ₹8,225 per gram
  • 24-Karat Gold: ₹8,973 per gram

 

Overall Performance

Gold prices in Erode experienced a significant increase in April 2025. The percentage change for both 22-karat and 24-karat gold was approximately +9.17%.

Gold Rate in Erode - March 2025

Gold prices in Erode 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: ₹7,940 per gram
  • 24-Karat Gold: ₹8,662 per gram

 

Gold Prices on 31st March 2025

  • 22-Karat Gold: ₹8,425 per gram
  • 24-Karat Gold: ₹9,191 per gram

 

Highest Gold Price in March 2025

The highest recorded price of gold during the month was on 31st March 2025:

  • 22-Karat Gold: ₹8,425 per gram
  • 24-Karat Gold: ₹9,191 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 1st March 2025:

  • 22-Karat Gold: ₹7,940 per gram
  • 24-Karat Gold: ₹8,662 per gram

 

Overall Performance

Gold prices in Erode experienced a notable increase in March 2025. The percentage change for both 22-karat and 24-karat gold was approximately +6.11%.

Gold Rate in Erode - February 2025

Gold prices in Erode 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: ₹8,132 per gram
  • 24-Karat Gold: ₹8,132 per gram

 

Gold Prices on 28 th February 2025

  • 22-Karat Gold: ₹8,358 per gram
  • 24-Karat Gold: ₹8,358 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: ₹8,479 per gram
  • 24-Karat Gold: ₹8,479 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 3rd February 2025:

  • 22-Karat Gold: ₹8,090 per gram
  • 24-Karat Gold: ₹8,090 per gram

 

Overall Performance

Gold prices in Erode experienced a slight increase in February 2025. The percentage change for both 22-karat and 24-karat gold was approximately +2.78%.

How Gold Rate is Determined in Erode?

A multitude of factors determine gold prices in the country and Erode. At present, there is no accepted mechanism to regulate gold price formally, nor does an international body exist to control the rates. Here’s a look at some factors determining the gold rate in Erode:

  • The international spot price of gold: OTC markets such as the London Bullion Market fix the spot price of gold daily. Also, bullion traders and banks help to decide the spot price of gold. And the daily spot price of gold plays a key role in determining the international gold rates. As India exports most of its gold, international prices of gold have a direct bearing on the gold rates in the country.

  • The gold futures price: Gold trade also occurs across global exchanges such as COMEX, TOCOM, DGCX, and more. Speculation drives the gold futures price. The gold futures price also affects the international gold prices.

  • Demand and supply factors: After the international price of gold, the demand and supply factors primarily decide the gold price in Erode. For instance, in a fixed period, with the supply of gold remaining constant, high demand will cause the current gold rate in Erode to increase.

  • Consumer behaviour: Along with demand and supply factors, consumer behaviour is integral in shaping the gold rate at Erode. For example, during the festival season, consumers can buy more gold. High demand increases the gold rates. Economic factors such as inflation also shape consumer behaviour and create a huge demand for this precious metal.

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Factors that Affect Gold Prices in Erode

Here’s a look at the crucial factors affecting the gold price in Erode:

  • Fluctuations in currency rates: US Dollar is the denomination for gold trading across global markets. So if the US Dollar strengthens against the Indian Rupee (INR), gold prices will increase in India, and in Erode.

  • Geopolitical crisis: The yellow metal is also a crisis commodity. People buy more gold during times of strife, risks and uncertainties to hedge themselves. So if there is a global upheaval such as a disaster, market collapse, war, and so on, the gold rate in India, and consequently Erode, will increase.

  • Repo rates: If the RBI announces a decision to slash the Repo rate, banks will start providing loans at a lower interest rate. This will provide people with opportunities to buy gold. The high demand then can increase the gold rate in Erode. Similarly, a hike in the Repo rate, resulting in higher interest on loans, can lower the current gold rate in Erode.

  • Local issues: Local variables such as a hike in fuel rate or increase in transportation costs can directly affect the gold price in Erode. To offset the increase in the overall costs, sellers and manufacturers will add the fresh costs to the actual selling price of gold items. This will increase the current gold rate in Erode.

  • The existing scenario in the Indian jewellery market: During times of seasonal festivities such as Diwali and Dhanteras, people start buying more gold. This high seasonal demand can hike the gold rate at Erode.

  • Inflation: Investments in gold can beat inflation. So if inflationary trends emerge in the country’s economy, people can purchase more gold. This will increase the current gold rate in Erode.

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GST Impact on Gold Rate in Erode

Here’s a look at the GST impact on the gold rate in Erode today:

  • GST impact on gold value in Erode: GST increased the tax rate on the value of gold from the previous rate of 2% to an existing 3%. This is because a uniform rate of 3% on the value of gold replaced the previous rates of 1% VAT along with 1% sales tax. So, now for any gold purchase, you must pay a GST of 3% on the gold’s value.

 

  • GST impact on making charges of gold items: As GST taxed the service sector, jewellers and sellers providing services, including the making of gold ornaments, came within its ambit. The rules fixed the tax slab for GST on making charges for gold items at 5%. To offset the fresh charge, jewellers passed the costs to customers. So for any gold purchase now, you must pay the making charges along with the GST on it.
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FAQs

Where can I buy gold in Erode?

You can buy gold from a trusted jeweller or a bullion trader. You can also approach banks selling gold coins and bars.

Can I buy gold having in-house marks of the jeweller instead of hallmarked gold?

No, you should always buy BIS-certified hallmarked gold.

Is hallmarking mandatory for gold ornaments?

Yes, the BIS has mandated hallmarking from June 16, 2021.

Is it compulsory to have a Demat account to buy Gold ETFs?

Yes, SEBI mandates having a Demat account for any gold ETF purchase.

Which gold investment is the best?

You can select from a range of gold investments - from physical gold to gold bonds and virtual gold - as per your investment objectives.

Is there a 48 carat gold too?

No, the purest gold is 24 carats. 

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