Today's Gold Rate in Nagercoil

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.

 

Gold Prices on 1st April 2025

• 22-Karat Gold: ₹8,920 per gram
• 24-Karat Gold: ₹9,730 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,350 per gram
• 24-Karat Gold: ₹10,210 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 24th April 2025:

• 22-Karat Gold: ₹9,460 per gram
• 24-Karat Gold: ₹10,320 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 5th April 2025:

• 22-Karat Gold: ₹8,860 per gram
• 24-Karat Gold: ₹9,670 per gram

 

Overall Performance

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.

 

Gold Prices on 1st March 2025

• 22-Karat Gold: ₹8,520 per gram
• 24-Karat Gold: ₹9,280 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹8,910 per gram
• 24-Karat Gold: ₹9,720 per gram

 

Highest Gold Price in March 2025

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

• 22-Karat Gold: ₹9,010 per gram
• 24-Karat Gold: ₹9,820 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 5th March 2025:

• 22-Karat Gold: ₹8,490 per gram
• 24-Karat Gold: ₹9,250 per gram

 

Overall Performance

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.

 

Gold Prices on 1st February 2025

• 22-Karat Gold: ₹8,250 per gram
• 24-Karat Gold: ₹9,000 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,530 per gram
• 24-Karat Gold: ₹9,290 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: ₹8,660 per gram
• 24-Karat Gold: ₹9,420 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 6th February 2025:

• 22-Karat Gold: ₹8,190 per gram
• 24-Karat Gold: ₹8,940 per gram

 

Overall Performance

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.

Currency Fluctuations

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.

Global Geopolitical Conditions

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.

Changes in Demand and Supply

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.

Taxation

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 Regulations

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.

GST Rates Applicable on 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.