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	₹14,500	₹14,650	₹-150
10 Gram	₹145,000	₹146,500	₹-1500

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 rates in Madurai during April 2026, witnessed a gradual decrease with a moderate downward trend overall. Both 22K and 24K gold recorded noticeable fluctuations, and the highest as well as lowest rates were noted between April 1 and 30, as shown below.

 

Gold Prices on 1st April 2026

• 22-Karat Gold: ₹14,000 per gram
• 24-Karat Gold: ₹14,700 per gram

 

Gold Prices on 30th April 2026

• 22-Karat Gold: ₹13,900 per gram
• 24-Karat Gold: ₹14,595 per gram

 

Highest Gold Price in April 2026

The highest recorded price of gold during the month was on 22nd April 2026:

• 22-Karat Gold: ₹14,360 per gram
• 24-Karat Gold: ₹15,078 per gram

 

Lowest Gold Price in April 2026

The lowest recorded price of gold during the month was on 3rd April 2026:

• 22-Karat Gold: ₹13,900 per gram
• 24-Karat Gold: ₹14,595 per gram

 

Overall Performance

Gold rates in Madurai dropped during April 2026, as prices for both 22K and 24K gold decreased by nearly 0.71% over the period.

Gold prices in Madurai showed a downward trend in March 2026, showing a moderate decrease 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 March showed below.

Gold Prices on 1st March 2026

• 22-Karat Gold: ₹15,550 per gram
• 24-Karat Gold: ₹16,328 per gram

Gold Prices on 30th March 2026

• 22-Karat Gold: ₹13,670 per gram
• 24-Karat Gold: ₹14,354 per gram

Highest Gold Price in March 2026

The highest recorded price of gold during the month was on 15th March 2026:

• 22-Karat Gold: ₹15,550 per gram
• 24-Karat Gold: ₹16,328 per gram

Lowest Gold Price in March 2026

The lowest recorded price of gold during the month was on 30th March 2026:

• 22-Karat Gold: ₹12,950 per gram
• 24-Karat Gold: ₹13,598 per gram

Overall Performance

In March 2026, gold prices in Madurai recorded a decline. During this period, both 22 Karat and 24 Karat gold prices fell by around 12.09%.

Gold prices in Madurai experienced a steady upward movement throughout February 2026, reflecting a moderate overall rise. Both 22 Karat and 24 Karat gold saw fluctuations during the month, with the highest and lowest prices recorded between February 1 and February 28, as shown below.

 

Gold Prices on 1st February 2026

• 22-Karat Gold: ₹14,900 per gram
• 24-Karat Gold: ₹15,645 per gram

 

Gold Prices on 28th February 2026

• 22-Karat Gold: ₹14,900 per gram
• 24-Karat Gold: ₹15,645 per gram

 

Highest Gold Price in February 2026

The highest recorded price of gold during the month was on 8th February 2026:

• 22-Karat Gold: ₹14,920 per gram
• 24-Karat Gold: ₹15,666 per gram

 

Lowest Gold Price in February 2026

The lowest recorded price of gold during the month was on 15th February 2026:

• 22-Karat Gold: ₹13,950 per gram
• 24-Karat Gold: ₹14,648 per gram

 

Overall Performance

Gold prices in Madurai saw a steady increase throughout February 2026, with 22 Karat and 24 Karat gold gaining around 0.00%.

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.