Gold Rate In Erode

  • Today's Gold Rate in Erode( 27 Jan 2021 )

    ₹ 4,645
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Erode (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,645 ₹ 4,645 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 37,160 ₹ 37,160 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,877 ₹ 4,877 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 39,016 ₹ 39,016 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 Jan 2021 ₹ 4,645 ₹ 37,160 ₹ 4,877 ₹ 39,016
    25 Jan 2021 ₹ 4,645 ₹ 37,160 ₹ 4,877 ₹ 39,016
    24 Jan 2021 ₹ 4,655 ₹ 37,240 ₹ 4,888 ₹ 39,104
    23 Jan 2021 ₹ 4,655 ₹ 37,240 ₹ 4,888 ₹ 39,104
    22 Jan 2021 ₹ 4,664 ₹ 37,312 ₹ 4,897 ₹ 39,176
    21 Jan 2021 ₹ 4,691 ₹ 37,528 ₹ 4,926 ₹ 39,408
    20 Jan 2021 ₹ 4,644 ₹ 37,152 ₹ 4,876 ₹ 39,008
    19 Jan 2021 ₹ 4,622 ₹ 36,976 ₹ 4,853 ₹ 38,824
    18 Jan 2021 ₹ 4,602 ₹ 36,816 ₹ 4,832 ₹ 38,656
    17 Jan 2021 ₹ 4,608 ₹ 36,864 ₹ 4,838 ₹ 38,704

    Gold Rate Trend

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price In Erode

    Erode is a South Indian city located in Tamil Nadu. It is the seventh biggest continuous urbanized area in the state of Tamil Nadu and is located on the banks of River Kaveri. The city houses many historic temples which act as a tourist attraction. It is known to be one of the largest producers of turmeric in India and also has one of the largest markets for coconut. It has a booming agricultural and textile industry which provides employment to major part of the residents of Erode. Just like any other state in South India, Gold has a booming business in the city. There are gold store spread all over the city.

    Gold Rate Trend in Erode for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,922 per gram Rs.4,077 per gram Rs.4,185 per gram
    Last Day Rs.4,074 per gram Rs.4,185 per gram Rs.4,150 per gram
    Highest Price Rs.4,125 per gram on 8 January Rs.4,305 per gram on 24 and 25 February Rs.4,443 per gram on 6 March
    Lowest Price Rs.3,992 per gram on 1 January Rs.4,030 per gram on 6 February Rs.4,026 per gram on 19 March
    Trend Incline Incline Decline
    Change 3.87% 2.64% -0.83%

    Quarterly Gold Rate in Erode from January 2020 to March 2020:

    • In January, gold price stood at Rs.3,992 per gram in Erode. The rates showed an incline in the city over the month. Gold recorded its lowest price for the month on 2nd January with a gram costing Rs.3,919 before increasing considerably due to the escalating tensions in the Middle East after the United States of America killed a top Iranian general in a drone attack. The yellow metal hit its highest price for the month of January on 8th with a gram of the 24-karat gold costing Rs.4,125. Over the next two weeks, the rates fluctuated in the city and was priced at Rs.4,006 per gram on 23rd January. The drop in the price was accounted to investors shifting to the stock market after the first phase of the trade deal between the United States of America and China was finalised and the increasing value of dollar. Gold closed the month at Rs.4,074 per gram with an incline of 3.87% in the prices.
    • Gold opened the month of February at Rs.4,077 per gram in Erode. The rates remained constant for the first three days before slipping to the lowest price for the month on 6th February with a gram costing Rs.4,030 per gram. The decline in the price was accounted to investors shifting to the stock market with a higher risk appetite. With COVID – 19 affecting people all around the world, the rates of the precious metal fluctuated over the next couple of weeks. A gram cost Rs.4,082 on 13th March before increasing to Rs.4,213 per gram by the end of the third week i.e., 21st March. The increase in the rates was accounted to the safe-haven appeal of the precious metal. Gold recorded its highest price for the month on 24th February with a gram of the 24-karat gold being retailed for Rs.4,305 in the city before closing at Rs.4,185 with an overall incline of 2.64%.
    • In Erode, the yellow metal opened the month of March at Rs.4,185 per gram. There was no change in the prices when compared to the closing price of the previous month. Over the month, the precious metal saw an overall decline in its prices. With investors awaiting a rate cut by the United States Federal Reserve to flow a certain amount of liquidity in the crisis-hit market, gold recorded its highest price for the month on 6th March with a gram costing Rs.4,443 per gram. The rates fluctuated over the next few days due to mixed trends in the global market. Gold was priced at Rs.4,026 per gram on 19th March, the lowest for the month as traders sold their assets in order to hoard cash and survive in the struggling economy. With trade being stopped completely with many countries imposing lockdowns to prevent the spread of the deadly virus, gold closed the month at Rs.4,150 per gram.

    Also Check Gold Price in NearBy Cities of Erode

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    News About Gold Rate In Erode

    • Gold Rates Slip As Dollar Recoups

      Gold prices traded marginally lower as the dollar recouped its losses following indications that the ongoing U.S.-China tariff war could continue. On the Multi Commodity Exchange, gold traded 0.11% lower at Rs.33,248 for 10 grams when trading opened.

      In contrast, silver prices rose by 0.12% to trade at Rs.39,809 per kg as industrial demand was steady despite news of a drop in industrial output from China. Local coin maker demand remained steady as investors increased bullion interest after the tension at the Indo-Pakistan border resulted in equity markets plunging over the course of the previous day.

      Analysts remain cautious over gold’s appeal after the metal’s value surged in the last quarter. Geopolitical tensions and apprehensions over the global economy have propped up prices thus far, but recent indicators point to a correction in gold prices.

      28 February 2019

    • Gold prices surges amid positive global cues

      Gold rates surged on Friday as the US dollar weakened after the meeting between Chinese officials and the US president resulted in concerns over a possible trade war. Most of the financial markets also tumbled after the US employment data indicated a steep decline the number of jobs contributing to the US economy in March. US stocks declined by more than 450 points after Trump threatened to increase $500 billion more in tariffs on imports from China.

      6 April 2018

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