Today's Gold Rate in Madurai

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.

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

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

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

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.

Gold prices in Madurai 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: ₹7,960 per gram
• 24-Karat Gold: ₹8,685 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹8,420 per gram
• 24-Karat Gold: ₹9,165 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: ₹8,420 per gram
• 24-Karat Gold: ₹9,165 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: ₹7,960 per gram
• 24-Karat Gold: ₹8,685 per gram

 

Overall Performance

Gold prices in Madurai rose by approximately +5.78% in March 2025.

Gold prices in Madurai 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: ₹7,740 per gram
• 24-Karat Gold: ₹8,450 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹7,960 per gram
• 24-Karat Gold: ₹8,685 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: ₹8,070 per gram
• 24-Karat Gold: ₹8,820 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: ₹7,700 per gram
• 24-Karat Gold: ₹8,405 per gram

 

Overall Performance

Gold prices in Madurai increased by approximately +2.84% in February 2025.

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.

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.

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.