Gold is a popular investment choice and a symbol of wealth. Staying updated on today’s gold price in Madurai is crucial, as it fluctuates daily due to various domestic and global factors. 

 

By understanding these factors, you can get the best value for your money or asset, avoid unnecessary costs, and make decisions that align with your financial goals.

Gold Price Per Gram in Madurai

Check out the gold price today in Madurai for different weights below.

Gram

22 Carat Gold Rate Today

22 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹9,150

₹9,150

     ₹0

10 Gram

₹91,500

₹91,500

     ₹0

100 Gram

₹915,000

₹915,000

     ₹0

22 & 24 Carat Gold Rate in Madurai for the Last 5 Days

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

Date

STANDARD GOLD 22K

STANDARD GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

July 09, 2025

₹9,150

₹91,500

₹9,608

₹96,080

July 08, 2025

₹9,150

₹91,500

₹9,608

₹96,080

July 07, 2025

₹9,150

₹91,500

₹9,608

₹96,080

July 06, 2025

₹9,150

₹91,500

₹9,608

₹96,080

July 05, 2025

₹9,150

₹91,500

₹9,608

₹96,080

18 Carat Gold Rate in Madurai for the Last 5 Days

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

Date

STANDARD GOLD 18K

1 Gram

10 Gram

July 09, 2025

₹7,486

₹74,860

July 08, 2025

₹7,486

₹ 74,860

July 07, 2025

₹7,486

₹74,860

July 06, 2025

₹7,486

₹74,860

July 05, 2025

₹7,486

₹74,860


Gold Rate in Madurai - June 2025

Gold prices in Madurai maintained their upward momentum in June 2025, showing a steady 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 June.

 

Gold Prices on 1st June 2025

  • 22-Karat Gold: ₹9,170 per gram
  • 24-Karat Gold: ₹9,960 per gram

 

Gold Prices on 30th June 2025

  • 22-Karat Gold: ₹9,320 per gram
  • 24-Karat Gold: ₹10,120 per gram

 

Highest Gold Price in June 2025

The highest recorded price of gold during the month was on 28th June 2025:

  • 22-Karat Gold: ₹9,320 per gram
  • 24-Karat Gold: ₹10,120 per gram

 

Lowest Gold Price in June 2025

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

  • 22-Karat Gold: ₹9,170 per gram
  • 24-Karat Gold: ₹9,960 per gram

 

Overall Performance

Gold prices in Madurai maintained their positive momentum in June, registering a percentage change of 1.63% for both 22-karat and 24-karat gold.

Gold Rate in Madurai - May 2025

Gold prices in Madurai continued their upward trend in May 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 31st of May.

 

Gold Prices on 1st May 2025

  • 22-Karat Gold: ₹9,000 per gram
  • 24-Karat Gold: ₹9,780 per gram

 

Gold Prices on 31st May2025

  • 22-Karat Gold: ₹9,150 per gram
  • 24-Karat Gold: ₹9,940 per gram

 

Highest Gold Price in May 2025

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

  • 22-Karat Gold: ₹9,160 per gram
  • 24-Karat Gold: ₹9,950 per gram

 

Lowest Gold Price in May 2025

The lowest recorded price of gold during the month was on 2nd May 2025:

  • 22-Karat Gold: ₹9,000 per gram
  • 24-Karat Gold: ₹9,780 per gram

 

Overall Performance

Gold prices in Madurai continued their upward trend in May, registering a percentage change of 1.65% for both 22-karat and 24-karat gold.

Gold Rate in Madurai - April 2025

Gold prices in Madurai 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: ₹9,290 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 3rd April 2025:

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

 

Overall Performance

Gold prices in Madurai experienced a significant rise of approximately +5.46% in April 2025.

Factors that Affect Gold Prices in Madurai

When considering gold purchases, it is essential to recognise the factors that affect current gold prices in Madurai. Below are some factors that influence the gold rate:

  • Currency Exchange Rates

Fluctuations in currency values significantly affect gold prices. When the Indian Rupee weakens against the U.S. Dollar, gold prices in India tend to rise as imports become costlier. Conversely, a stronger Rupee can lead to lower gold prices. 

  • Inflation

Gold is often seen as a reliable hedge against inflation. During periods of high inflation, the demand for gold increases as it retains value better than currency, driving up its price. Economic conditions that weaken trust in traditional investments further amplify this effect.

  • Market Speculation

Investor sentiment and speculative trading have a considerable impact on short-term gold price fluctuations. Market rumours, future predictions, and changes in interest rates often create volatility, affecting prices even without significant changes in demand or supply.

  • Government Policies

Government policies, including changes in import duties, tariffs, or restrictions on gold imports, directly influence its price. For instance, higher import taxes increase the cost of gold for consumers, while relaxed regulations can make it more affordable. These policies also affect demand and supply dynamics in the market.

Impact of GST on Gold Rate in Madurai

In Madurai, when you purchase gold, you have to pay a 3% Goods and Services Tax (GST) on its value. This tax is split equally into two components: 1.5% Central GST (CGST) and 1.5% State GST (SGST). 


The 3% GST is applicable not only to gold jewellery but also to gold coins and bars, ensuring uniformity across different gold products. In addition to this, a 5% tax is charged on the making charges for gold items, which increases the overall cost.

Impact of Gold Rates on Gold Loans in Madurai

Gold rates significantly impact gold loans in Madurai. When gold prices rise, the value of your gold collateral increases, allowing you to secure larger loans. This makes gold loans a practical solution for meeting financial needs like business investments or personal expenses.

 

Higher gold prices often lead to more people seeking gold loans, increasing competition among lenders. This competition may result in better loan terms, such as lower interest rates and flexible repayment options. 


You can compare and apply for gold loans from various lenders on Bajaj Markets. With minimal paperwork, submitting your loan application online is quick and convenient.

Frequently Asked Questions

What factors influence the gold rates in Madurai?

Gold rates in Madurai are affected by currency exchange rates, global gold prices, inflation, market speculation, and government policies such as import taxes.

How can I check the purity of gold before buying?

You can check gold purity by looking for hallmark certification, inspecting for tarnishing, using a magnet (as genuine gold is non-magnetic), or performing a nitric acid test.

What is the GST rate on gold in Madurai?

The GST on gold is 3%, divided equally into 1.5% CGST and 1.5% SGST. An additional 5% GST applies to the making charges for gold jewellery.

How do rising gold prices affect gold loans in Madurai?

Rising gold prices increase the value of gold used as collateral, allowing borrowers to secure larger loan amounts. This can result in more favourable loan terms and borrowing conditions.

How can I apply for a gold loan in Madurai?

On Bajaj Markets, you can compare and apply for gold loans from various issuers online. You can apply digitally, from the comfort of your home with minimal paperwork.

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now
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