Stay updated on the gold rate today in Nagercoil for 18 Carat, 22 Carat, and 24 Carat purities to make informed and timely purchases.
Nagercoil, a city known for its rich traditions in Tamil Nadu, has a deep connection with gold. Whether purchased as jewellery, coins, bars, or through modern options like digital gold, Exchange-Traded Funds (ETFs), or sovereign gold bonds, gold remains a favoured choice for investment and financial security.
The gold rate in Nagercoil is influenced by factors such as global trends, currency fluctuations, and local demand. Monitoring today’s gold price in Nagercoil is essential for making informed decisions, whether you’re buying gold for special occasions, wealth preservation, or financial needs.
Gold prices in Nagercoil 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.
The highest recorded price of gold during the month was on 24th April 2025:
The lowest recorded price of gold during the month was on 5th April 2025:
Gold prices in Nagercoil showed a +4.83% increase in April 2025.
Gold prices in Nagercoil 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.
The highest recorded price of gold during the month was on 29th March 2025:
The lowest recorded price of gold during the month was on 5th March 2025:
Gold prices in Nagercoil showed a +4.58% increase in March 2025.
Gold prices in Nagercoil 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.
The highest recorded price of gold during the month was on 25th February 2025:
The lowest recorded price of gold during the month was on 6th February 2025:
Gold prices in Nagercoil showed a +3.40% increase in February 2025.
The gold rate in Nagercoil is influenced by various domestic and international factors. These factors cause fluctuations in prices, making it essential to understand what drives these changes before making a purchase.
The value of the Indian Rupee against the U.S. Dollar plays a significant role in determining gold prices. Since gold is imported in dollars, a weaker rupee results in higher gold prices. For instance, if the rupee depreciates against the dollar, the cost of importing gold increases, leading to a rise in the gold rate today in Nagercoil.
Uncertain geopolitical situations, such as wars, market crashes, or changes in government policies, often lead to an increase in gold prices. During such times, investors consider gold a safe-haven asset, driving up its demand and value.
Gold prices tend to rise during festive and wedding seasons in India, including in Nagercoil, when demand is significantly higher. On the other hand, a drop in demand or an increase in supply can lead to lower prices. The balance between demand and supply has a direct impact on gold rates.
The tax structure in India directly affects gold prices. For example, the current Goods and Services Tax (GST) on gold is 3%, along with 5% GST on making charges for jewellery. Changes in tax rates, import duties, or other levies can influence the final price of gold in Nagercoil.
Government policies related to gold imports and exports can impact prices. For instance, if import restrictions are imposed, the supply of gold in the market reduces, causing prices to increase. Similarly, easing of regulations can lead to a drop in prices due to improved supply.
Understanding these factors can help you make an informed decision when purchasing gold in Nagercoil, ensuring that you maximise the value of your investment.
The Goods and Services Tax (GST) has a direct impact on the cost of buying gold in Nagercoil. Implemented by the Indian government, GST applies to all goods, services, and high-value items, including gold. This tax increases the overall cost of purchasing gold.
A 3% GST is levied on the price of gold, whether it is in the form of jewellery, bars, or coins
An additional 5% GST is applicable on the making charges for jewellery
For example, if you purchase gold jewellery worth ₹50,000 with ₹5,000 as making charges, the GST calculation would be as follows:
GST on Gold Price: ₹50,000 × 3% = ₹1,500
GST on Making Charges: ₹5,000 × 5% = ₹250
Total GST: ₹1,500 + ₹250 = ₹1,750
GST significantly increases the final cost of gold, especially for jewellery due to the added tax on making charges. Buyers in Nagercoil should factor in this expense while planning their gold purchases.
Staying aware of GST rates helps ensure transparency in costs and enables better budgeting for your gold investment.
Gold holds significant financial value in Nagercoil as it is often used as collateral to secure loans. The loan amount you can borrow is directly tied to the current gold rate. Higher gold prices increase the loan value, while lower prices reduce it. Lenders determine the loan amount based on the weight and purity of the pledged gold, multiplied by its prevailing market rate.
If you are considering a gold loan, it is essential to monitor gold price trends in Nagercoil. Higher gold rates can help you maximise the loan amount, whereas lower rates may require pledging more gold for the desired amount. Comparing loan offers from multiple lenders on Bajaj Markets and reviewing the terms and interest rates carefully can help you make an informed decision.
The gold rate in Nagercoil may vary daily based on factors like global demand, currency fluctuations, and market conditions. Always check updated rates with local jewellers or trusted sources before purchasing.
Gold in Nagercoil is available in three purity levels: 24K (99.9% pure), 22K (91.67% pure), and 18K (75% pure). While 24K gold is ideal for investment in coins and bars, 22K gold is commonly used for jewellery due to its durability. 18K gold is suited for intricate or studded jewellery designs.
You can invest in gold in Nagercoil through physical gold (jewellery, coins, or bars), digital gold (securely stored online), gold Exchange-Traded Funds (ETFs) traded on stock exchanges, or Sovereign Gold Bonds (SGBs) backed by the Reserve Bank of India. Each option caters to different financial goals, providing flexibility and security.
Read also: Difference between SGB and Gold ETF
When buying gold in Nagercoil, check the current gold rate, confirm the purity (18K, 22K, or 24K), and look for BIS hallmark certification for authenticity. Also, consider making charges, GST, and buy from a reputed jeweller to ensure quality and transparency. Evaluating these factors ensures a fair and secure purchase.
GST increases the cost of buying gold in Nagercoil. A 3% GST is applied to the gold value, while an additional 5% GST is charged on making charges for jewellery. For instance, if gold costs ₹50,000 and making charges are ₹5,000, the total GST would be ₹1,750. Always account for GST when budgeting for a gold purchase.