Take a look at the Live gold price of 18 Carat, 22 Carat and 24 Carat in Ramanathapuram today and make well-informed decisions for purchasing or investing in gold.
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Gold has always been regarded as a symbol of wealth and security in India, deeply rooted in cultural and economic traditions. It holds special significance during festivals, weddings, and family occasions, often passed down as treasured heirlooms.
Gold prices are influenced by global market trends, currency exchange rates, and local demand, leading to fluctuations across regions. If you are a resident of Ramanathapuram and plan to purchase gold, staying updated on today's gold rate in Ramanathapuram is essential. Whether you are buying it for an auspicious occasion or as a long-term investment, knowing today’s gold rate helps you make well-informed and timely decisions.
Gold prices in Ramanathapuram 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: ₹9,090 per gram
- 24-Karat Gold: ₹9,880 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,540 per gram
- 24-Karat Gold: ₹10,380 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: ₹9,630 per gram
- 24-Karat Gold: ₹10,470 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: ₹9,030 per gram
- 24-Karat Gold: ₹9,830 per gram
Overall Performance
Gold prices in Ramanathapuram showed a +4.95% increase in April 2025.
Gold prices in Ramanathapuram 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: ₹8,870 per gram
- 24-Karat Gold: ₹9,660 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹9,090 per gram
- 24-Karat Gold: ₹9,880 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 22nd March 2025:
- 22-Karat Gold: ₹9,150 per gram
- 24-Karat Gold: ₹9,940 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: ₹8,830 per gram
- 24-Karat Gold: ₹9,610 per gram
Overall Performance
Gold prices in Ramanathapuram showed a +2.48% increase in March 2025.
Gold prices in Ramanathapuram 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: ₹8,640 per gram
- 24-Karat Gold: ₹9,410 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹8,870 per gram
- 24-Karat Gold: ₹9,660 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 15th February 2025:
- 22-Karat Gold: ₹8,910 per gram
- 24-Karat Gold: ₹9,700 per gram
Lowest Gold Price in February 2025
The lowest recorded price of gold during the month was on 4th February 2025:
- 22-Karat Gold: ₹8,590 per gram
- 24-Karat Gold: ₹9,360 per gram
Overall Performance
Gold prices in Ramanathapuram showed a +2.66% increase in February 2025.
Gold prices in Ramanathapuram fluctuate due to various factors. Understanding these can help you make informed investment decisions:
Global Market Trends
International factors such as demand, supply, and geopolitical events significantly influence gold prices worldwide, which in turn impact local rates in Ramanathapuram.
Inflation
Gold is often seen as a safeguard against inflation. When inflation rises, the value of money decreases, making gold a more attractive investment, which typically drives up its price.
Currency Exchange Rates
The exchange rate between the Indian Rupee and the US Dollar plays a crucial role in determining gold prices in India. A weaker rupee makes gold more expensive locally.
Local Demand
Gold demand during festivals, weddings, and other celebrations in Ramanathapuram can drive up prices. High demand often results in temporary price spikes.
RBI Policies
The Reserve Bank of India's policies, including changes in gold reserves and import duties, directly influence gold prices in the domestic market.
Interest Rates
When interest rates are low, gold becomes a preferred investment, increasing demand and subsequently raising its price.
The Goods and Services Tax (GST) significantly influences the overall cost of gold in Ramanathapuram.
Here’s how GST affects gold prices:
GST on Gold Purchases
When purchasing gold, a 3% GST on the gold value is applied. This tax is added to the base price, directly increasing the overall cost of gold.
GST on Making Charges
For gold jewellery, an additional 5% GST is charged on the making charges. This is especially relevant for designs requiring skilled craftsmanship, where making charges tend to be higher.
Combined Impact
The cumulative GST on the gold value and making charges can make gold jewellery more expensive. For buyers in Ramanathapuram, it’s essential to account for these additional costs when budgeting for gold purchases.
Gold rates directly affect the amount you can borrow by applying for a gold loan in your city. The loan amount is determined by the current market value of the gold you pledge as collateral. When gold prices rise, the value of your pledged gold increases, allowing you to secure a higher loan amount. Conversely, a drop in gold prices may reduce the loan value, impacting your borrowing capacity. This makes it crucial for borrowers to stay updated on gold rates to make informed decisions about loan applications and repayments.
FAQ
How is the purity of gold measured in Ramanathapuram?
Gold purity in Ramanathapuram is measured in karats. 24-karat gold, with 99.9% purity, is the purest form, while 22-karat gold, commonly used for jewellery, has 91.6% purity, offering durability alongside high quality.
How can I buy digital gold in Ramanathapuram?
Digital Gold can be purchased through various online platforms and apps. These services allow you to invest in gold digitally, starting from as low as ₹1, with the gold securely stored in insured vaults.
What factors influence the gold rate in Ramanathapuram?
Gold rates in Ramanathapuram are determined by global market trends, inflation, currency exchange rates, local demand during festivals or weddings, and government policies, including import duties and Reserve Bank of India (RBI) gold reserves.
Which gold is best for jewellery in Ramanathapuram?
22-karat gold is ideal for jewellery in Ramanathapuram due to its blend of purity and durability, making it perfect for ornaments. 24-karat gold, being softer, is less suitable for crafting intricate designs.
Does GST impact gold prices in Ramanathapuram?
Yes, GST influences gold prices in Ramanathapuram. A 3% GST is applied to gold purchases, while an additional 5% GST is charged on making charges for jewellery, increasing the overall expense of gold items.
