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Gold Rate in Tamil Nadu

Today's Gold Rate in Tamil Nadu( 08 Aug 2022 )

₹ 51600

Today's Gold Rate (22K) per 10 gram

Compare 22K & 24K Gold Rate In Tamil Nadu (Today & Yesterday)
Today Yesterday Rate Change
Standard Gold (22 K) (10 gram) 51600 51600 ₹ 0
Pure Gold (24 K) ( 10 gram ) 52600 52600 ₹ 0

Gold Rate in Tamil Nadu Today

Gold Rate in Tamil Nadu - an aficionado of exquisite gold jewelry

Tamil Nadu has aficionado of exquisite gold jewelry traditionally. In ancient scriptures, the details of gold jewelry worn by Tamil women are portrayed vividly. Women used to decorate their body with finely crafted jewelry from head to toe. Other semi-precious metals like; silver, brass, and copper were used in making jewelry. Hindu deities were bejeweled with various kind of exquisite, delicate gold jewelry, and this tradition is uninterrupted till today. Gold price in Tamil Nadu is witnessing a steady uptrend from since the beginning of the year.

Market Rate of Gold

Rate of 24 carat gold in Tamil Nadu is INR 4,962 per 1 gram, which is at par with yesterday's price. The rate of 22K gold is INR 4,548 per gram. Demand for gold in Chennai, which is on the state's capital, is rising steadily mainly in jewelry form and less in gold bars or coins.

22K vs.24K

You may wonder why there is a difference between Tamil Nadu sone ka bhav 24 carats and gold rate in Tamil Nadu today 22 carats. The price of 24K is higher because it is purer than 22K gold. The previous has a purity of 99.99%, while the purity of 22K gold is 91.6%. 24K gold is not suitable for making ornaments because it is brittle by nature. When you buy ornaments, they are made of 22K gold. Gold coins and bars are made of 24K gold, which fetches a better resale value. The costs of these bars and coins are higher because they inherit more purity of gold.

Determining factors for the price of gold

Aaj ka sone ka bhav Tamil Nadu

Many factors influence the gold market rate in Tamil Nadu or, aaj ka sone ka bhav Tamil Nadu. One major factor is the interest rate. When the global interest rate rises, investors opt for fixed yielding instruments like bonds and sell their gold holding. Another reason is the demand-supply. During festive and wedding season demand for gold soars, so does the price. Government policy also affects the price of gold. The imposition of GST (Goods and Services Tax) has changed the gold market's price structure. 3% GST on gold and 5% on making charge have made this precious metal dearer. aaj ka sone ka bhav Tamil Nadu ka includes GST. Check Silver Pricein Tamil Nadu