track the latest gold prices in Namakkal to make smart financial decisions
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Namakkal, known for its strong cultural roots and vibrant traditions, holds gold in high regard, whether for crafting exquisite jewellery or as a dependable investment option. In this town, gold plays a significant role during festivals, weddings, and other celebrations.
Gold rates vary across cities due to factors like local demand and global market trends. It’s therefore essential for you, as a resident of Namakkal, to stay updated on today's gold price in Namakkal. Knowing today’s gold rate in Namakkal can help you make timely and well-informed purchases, whether for personal adornment or as a secure financial asset.
Gold prices in Namakkal 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: ₹9,210 per gram
- 24-Karat Gold: ₹9,990 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,650 per gram
- 24-Karat Gold: ₹10,500 per gram
Highest Gold Price in April 2025
The highest recorded price of gold during the month was on 26th April 2025:
- 22-Karat Gold: ₹9,740 per gram
- 24-Karat Gold: ₹10,590 per gram
Lowest Gold Price in April 2025
The lowest recorded price of gold during the month was on 7th April 2025:
- 22-Karat Gold: ₹9,170 per gram
- 24-Karat Gold: ₹9,950 per gram
Overall Performance
Gold prices in Namakkal showed a +4.77% increase in April 2025.
Gold prices in Namakkal 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: ₹8,970 per gram
- 24-Karat Gold: ₹9,740 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹9,210 per gram
- 24-Karat Gold: ₹9,990 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 28th March 2025:
- 22-Karat Gold: ₹9,240 per gram
- 24-Karat Gold: ₹10,020 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: ₹8,950 per gram
- 24-Karat Gold: ₹9,720 per gram
Overall Performance
Gold prices in Namakkal showed a +2.67% increase in March 2025.
Gold prices in Namakkal 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: ₹8,840 per gram
- 24-Karat Gold: ₹9,600 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹8,970 per gram
- 24-Karat Gold: ₹9,740 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 24th February 2025:
- 22-Karat Gold: ₹9,000 per gram
- 24-Karat Gold: ₹9,770 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: ₹8,800 per gram
- 24-Karat Gold: ₹9,560 per gram
Overall Performance
Gold prices in Namakkal showed a +1.47% increase in February 2025.
Here are some gold investment options you can try
Jewellery and Ornaments
Traditional gold jewellery is widely bought in Namakkal for personal use and as an investment. Always consider purity and making charges.
Gold Coins and Bars
Investing in Gold Coins and Gold Bars is Ideal for those seeking physical gold without the added cost of making charges. These are often used for gifting or savings.
Digital Gold
Buy gold online starting from as little as ₹1. Digital gold offers secure storage and eliminates the risks of handling physical gold.
Gold ETFs and Mutual Funds
Invest in gold via stock exchanges or mutual fund schemes. These options allow for easy buying, selling, and diversification without owning physical gold.
Sovereign Gold Bonds (SGBs)
Backed by the RBI, SGBs are a safe option offering periodic interest and long-term returns.
Local Gold Rates
Check today’s gold rate in Namakkal before making any purchase
Certification
Ensure your gold has a BIS hallmark to guarantee its purity and authenticity
Purity Level
Choose the right karat, such as 22-karat for jewellery or 24-karat for investment purposes
Making Charges
Be aware of additional costs like making charges, as these vary by jeweller
Trusted Jeweller
Always buy from a reputable jeweller in Namakkal for reliable quality
Global trends, such as demand in international markets and geopolitical tensions
Local demand during festivals and wedding seasons in Namakkal
Inflation rates, which make gold an attractive hedge, driving prices higher
Currency exchange rates, especially the value of the Rupee against the Dollar
Government policies, including changes in import duties and gold reserves
Hallmark Certification
The BIS hallmark is the most reliable indicator of gold purity. It includes details like karat value, BIS logo, and a unique HUID number.
Density Test
The density of pure gold is unique. Comparing the item’s density to the standard helps assess its purity.
Magnet Test
Pure gold is non-magnetic. If the item is attracted to a magnet, it contains impurities.
Visual Inspection
Check for tarnished or discoloured areas. Pure gold doesn’t tarnish or discolour over time.
X-Ray Fluorescence Testing
Jewellers in Namakkal often use this advanced method to test gold composition accurately without damaging the item.
GST on Purchases
A 3% GST is applied to the value of gold, which increases the overall cost.
GST on Making Charges
An additional 5% GST is levied on the making charges for jewellery, particularly for intricate designs.
Total Cost Impact
The combined GST on gold and making charges significantly affects the final price of gold jewellery in Namakkal.
Gold loans in Namakkal are directly influenced by prevailing gold rates. The loan amount you can borrow depends on the value of the gold pledged as collateral.
When gold rates are high, the value of your pledged gold increases, allowing you to secure a larger loan amount. Conversely, if gold rates drop, the loan amount you are eligible for decreases. The Reserve Bank of India caps the loan-to-value (LTV) ratio for gold loans at 75%, but fluctuations in gold rates may impact the repayment terms. It’s important to monitor gold rates in Namakkal to make well-informed borrowing decisions.
FAQs
What is the current gold rate in Namakkal?
The gold rate in Namakkal varies daily based on market trends, local demand, and global factors. Stay updated on today’s rate to make informed purchases.
What are the different purity levels of gold available in Namakkal?
Gold in Namakkal is typically available in 24-karat (99.9% pure) for investments and 22-karat (91.6% pure) for jewellery. Lower purities like 18-karat are also available for specific needs.
How can I invest in gold in Namakkal?
You can invest in Namakkal by purchasing physical gold, digital gold, gold ETFs, gold mutual funds, or Sovereign Gold Bonds. Choose the option that aligns with your goals, while being updated with the gold rate today in Namakkal.
What factors should I consider before buying gold in Namakkal?
Check the current gold rate, ensure BIS hallmark certification, evaluate making charges, choose the right purity level, and buy from a trusted jeweller.
How does GST affect gold prices in Namakkal?
A 3% GST is applied to the value of gold, and an additional 5% GST is charged on jewellery making charges. These taxes increase the total cost of purchasing gold.
