If you live in Tamil Nadu, you should know about the gold rate today in Tamil Nadu.
In contrast to investments like securities, other metals and commodities, the gold rate in Tamil Nadu witnesses a mild fluctuation. Given this, you should still be aware of the gold price today in Tamil Nadu, primarily for gold purchase. In a state where gold is thought of as a mainstay, not just for occasions, but as a mark of status, you should note the following rates:
Gram |
24 Carat Gold Rate Today |
24 Carat Gold Rate Yesterday |
Daily Price Change |
1 Gram | ₹ 5,642 | ₹ 5,633 | ₹ 9 |
8 Gram | ₹ 45,136 | ₹ 45,064 | ₹ 72 |
10 Gram | ₹ 56,420 | ₹ 56,330 | ₹ 90 |
100 Gram | ₹ 5,64,200 | ₹ 5,63,300 | ₹ 900 |
Why is gold chosen as a means of investment over other investment instruments? This is because it is advantageous to invest in a metal that gives you various ways to invest. When you think of the gold rate in Tamil Nadu, you don’t have to dwell on physical gold. You can also buy gold ETFs or derivative contracts offered by commodity markets. However you select your gold investment, it's vital that you focus on the Tamil Nadu gold rate today. You also get a good idea of how gold can hold benefits for you if you look at fluctuations as shown below:
Date |
STANDARD GOLD 22K |
PURE GOLD 24K |
||
1 Gram |
10 Gram |
1 Gram |
10 Gram |
|
Feb 07, 2023 | ₹ 5,373.00 | ₹ 53,730.00 | ₹ 5,642.00 | ₹ 56,420.00 |
Feb 06, 2023 | ₹ 5,365.00 | ₹ 53,650.00 | ₹ 5,633.00 | ₹ 56,330.00 |
Feb 05, 2023 | ₹ 5,335.00 | ₹ 53,350.00 | ₹ 5,602.00 | ₹ 56,020.00 |
Feb 04, 2023 | ₹ 5,335.00 | ₹ 53,350.00 | ₹ 5,602.00 | ₹ 56,020.00 |
Feb 03, 2023 | ₹ 5,440.00 | ₹ 54,400.00 | ₹ 5,712.00 | ₹ 57,120.00 |
Feb 02, 2023 | ₹ 5,475.00 | ₹ 54,750.00 | ₹ 5,749.00 | ₹ 57,490.00 |
Feb 01, 2023 | ₹ 5,360.00 | ₹ 53,600.00 | ₹ 5,628.00 | ₹ 56,280.00 |
Jan 31, 2023 | ₹ 5,338.00 | ₹ 53,380.00 | ₹ 5,605.00 | ₹ 56,050.00 |
Jan 30, 2023 | ₹ 5,350.00 | ₹ 53,500.00 | ₹ 5,618.00 | ₹ 56,180.00 |
Jan 29, 2023 | ₹ 5,350.00 | ₹ 53,500.00 | ₹ 5,618.00 | ₹ 56,180.00 |
In case you want gold today, gold rate Tamil Nadu 22 carat gold price is essential to know in advance. What is also equally vital to know is how pure the gold you buy is. Two of the most popular purity grades in gold are 22 carat and 24 carat. In Tamil Nadu, gold price varies, as it does everywhere, depending on the purity. Jewellery is almost always made in the 22 carat variant. The grade of purity is established by the Bureau of Indian Standards or BIS. On any gold you buy in India, you will find a BIS stamp (BIS hallmark) informing you about the standard of purity.
The gold rate today in Tamil Nadu, per gram, is a way to calculate how much the price of gold will be if you buy it in any form. However, when you go shopping for it, you cannot ascertain the purity just by looking at it, or based on the price quoted. So, how does one assess purity? There are the four ways:
Several people in Tamil Nadu are engaged in trade and business and can afford to invest in gold from time to time. In the event you want gold today, Tamil Nadu gold rate knowledge should be very useful. Nonetheless, while shopping for gold, you should keep the following in mind too:
Most Indians, and many residents of Tamil Nadu choose to invest in gold in its physical form. So, it helps to know the gold price today. Tamil Nadu citizens buy bars, coins and mostly jewellery on practically every Indian festival as this is auspicious. In fact, gold as a metal is far more purchased than jewellery containing precious gems.
To make gold investments, you have to know the gold price in Tamil Nadu. Once you know this, you can delve into a multitude of ways to make your investments in gold. Want to know more? Read on for some hints:
Compared to the rate of gold consumption, the rate of gold production in India is very small. Nonetheless, the desire for the metal is growing at an exponential rate. To meet this increasing demand, India has no option but to depend on imports of gold from other nations. Still, the import of gold into Tamil Nadu cannot be undertaken by just anyone. You have to have certification by the DGFT or Directorate General of Foreign Trade to import gold. Moreover, only bars are permitted to be imported into the country. Coins and medallions are excluded.
In the event you have kept a track of the gold rate, Tamil Nadu rates tend to fluctuate, though mildly to moderately only. Sometimes you will find fluctuations on a daily basis, if you monitor rates, say, over a week’s duration. At other times, you will discover that gold rates remain the same for a couple of days in a row. A simple explanation for this is that demand/supply affects the rate. When supply is high, rates fall, and vice versa.
Besides the aspects of demand and supply, there are other factors that influence Tamil Nadu gold price. These are the following:
The gold rate today, in Tamil Nadu, is influenced by yet another factor. Taxes are levied on this immensely valuable metal, GST being the prominent tax. A tax of 3% GST is levied on gold jewellery at the moment, when you buy it in Tamil Nadu. Making charges, that is, the cost of labour, also incur a GST tax at 5%. This adds up to the price you buy gold at, increasing it further.
In Tamil Nadu, entering a jewellery shop will introduce you to two different kinds of gold, namely KDM and Hallmarked. These types are different and here is how:
Backed by the Indian government, Sovereign Gold Bonds are offered as grams of gold in multiples. It helps to know the gold rate per gram in Tamil Nadu if you want to invest in these. Here are some key points to note:
You can also opt for Gold ETF (Exchange Traded Fund) which is a commodity-based Mutual Fund, the commodity being gold. These funds act like stocks and are traded in a similar way on the stock exchange. Gold ETFs represent physical gold in dematerialized form. Gold ETFs offer hedge protection against fluctuating markets, with short-term ETFs minimizing loss if gold rates suddenly drop.
Once you have learned so much about gold, you can choose many avenues for investing in it. Get on track and start your wealth collection by visiting Finserv MARKETS and making fruitful investments.