Gold Rate In Nagercoil Today

  • Today's Gold Rate in Nagercoil (03 Dec 2022)

    ₹ 5,010
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,010 ₹ 4,955 ₹ 55 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,080 ₹ 39,640 ₹ 440 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,261 ₹ 5,203 ₹ 58 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,088 ₹ 41,624 ₹ 464 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    02 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    01 Dec 2022 ₹ 4,955 ₹ 39,640 ₹ 5,203 ₹ 41,624
    30 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    29 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    28 Nov 2022 ₹ 4,921 ₹ 39,368 ₹ 5,167 ₹ 41,336
    27 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368
    26 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368
    25 Nov 2022 ₹ 4,935 ₹ 39,480 ₹ 5,182 ₹ 41,456
    24 Nov 2022 ₹ 4,931 ₹ 39,448 ₹ 5,178 ₹ 41,424
    23 Nov 2022 ₹ 4,885 ₹ 39,080 ₹ 5,129 ₹ 41,032

    Weekly & Monthly Graph of Gold Rate in Nagercoil (1 gram)

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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.

    Today's Gold Price in Nagercoil

    Nagercoil, or Nakarkoyil is the name that literally translates into the ‘Temple of the Nagas’ and is probably the southernmost town in the southernmost state of Tamil Nadu. This place is and has been a popular centre for trade and commerce since the yesteryears. It is the administrative headquarters of the Kanyakumari district. Housing industries of farming and manufacturing, this place has its own reputation for being prosperous and thus invests heavily in gold. Investment in gold in Nagarcoil happens through jewellery as well as more modern investment techniques.

    Also check - Gold Price India

    Gold Rate Trend in Nagercoil from July 2022 to September 2022

    Factor July August September
    1st Day Rs.5,024 per gram Rs.5,035 per gram Rs.4,946 per gram
    Last Day Rs.5,056 per gram Rs.4,992 per gram Rs.4,932 per gram
    Highest Price Rs.5,056 per gram on 30 and 31 July Rs.5,160 per gram on 13, 14, and 15 August Rs.4,988 per gram on 6 September
    Lowest Price Rs.4,900 per gram on 20 July Rs.5,009 per gram on 29 August Rs.4,841 per gram on 27 September
    Trend Incline Decline Decline
    Change 0.63% -0.85% -0.28%

    Quarterly Gold Rate in Nagercoil from July 2022 to September 2022

    • Gold price in Nagercoil, Tamil Nadu, in the month of July was Rs.5,024 per gram on the first day. The gold rates closed at Rs.5,056 for a gram by the end of the month with a hike of 0.63%.
    • In the month of August, the gold price in Nagercoil opened at Rs.5,035 per gram and closed at Rs.4,992 for a gram with a drop of 0.85%.
    • Gold opened at Rs.4,946 for one gram in the month of September in Nagercoil. The gold rates went down by 0.28% and closed at Rs.4,932 for the month.
    • The highest and lowest price of the yellow metal for the months of July, August, and September are Rs.5,056 and Rs.4,900; Rs.5,160 and Rs.5,009; and Rs.4,988 and Rs.4,841, respectively.

    Gold Rate Trend in Nagercoil from April 2022 to June 2022

    Factor April May June
    1st Day Rs.5,076 per gram Rs.5,148 per gram Rs.4,977 per gram
    Last Day Rs.5,148 per gram Rs.5,014 per gram Rs.4,917 per gram
    Highest Price Rs.5,299 per gram on 18 April Rs.5,148 per gram on 1 May Rs.5,077 per gram on 13 June
    Lowest Price Rs.5,043 per gram on 4 April Rs.5,002 per gram on 13 May Rs.4,917 per gram on 30 June
    Trend Incline Decline Decline
    Change 1.41% -2.60% -1.20%

    Quarterly Gold Rate in Nagercoil from April 2022 to June 2022

    • In Nagercoil, the price of gold opened at Rs.5,076 per gram of 24 karat gold in April. Over the month, the prices witnessed several fluctuations and dipped to the lowest price point of Rs.5,043 per gram on 4 April. The highest price point of the precious metal was recorded on 18 April at Rs.5,299 per gram after which the rates settled at Rs.5,148 per gram on the last day of the month. An inclining trend was observed in gold rates in April with a percentage change of 1.41%.
    • On 1 May, a gram of 24 karat gold was priced at Rs.5,148, which was also the highest price recorded during the month. Over the next few days, the prices dipped by 2.60% and settled at Rs.5,014 per gram on the last day of the month. The precious metal hit its lowest price point of Rs.5,002 per gram on 13 May. Thus, gold prices witnessed a declining trend for the month of May.
    • Gold rates started off at Rs.4,977 per gram and closed at Rs.4,917 per gram in June. As the month progressed, the prices fluctuated to peak on 13 June at Rs.5,077 per gram. The lowest price of the precious metal was observed on 30 June wherein a gram of 24 karat gold was sold at Rs.4,917. Overall, the performance of gold prices in Nagercoil was that of decline and the percentage change stood at –1.20%.

    Gold Rate Trend in Nagercoil from January 2022 to March 2022 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,787 per gram Rs.4,742 per gram Rs.5,027 per gram
    Last Day Rs.4,753 per gram Rs.5,054 per gram Rs.5,033 per gram
    Highest Price Rs.4,869 per gram on 26 January Rs.5,068 per gram on 24 February Rs.5,360 per gram on 9 March
    Lowest Price Rs.4,696 per gram on 10 January Rs.4,740 per gram on 2 February Rs.5,027 per gram on 1 March
    Trend Decline Incline Incline
    Change -0.71% 6.57% 0.11%

    Quarterly Gold Rate in Nagercoil from January 2022 to March 2022

    • In Nagercoil, gold rates opened at Rs.4,787 per gram and closed at Rs.4,753 per gram in January. Over the month, the prices dipped by 0.71% to hit the lowest price point of Rs.4,696 per gram on 10 January. The highest price of the precious metal was recorded on 26 January when a gram of 24 karat gold was sold at Rs.4,869. Therefore, the overall performance of gold rates was a decline for the month of January.
    • Gold prices started off at Rs.4,742 per gram in the month of February. As the month progressed, the rates started fluctuating and settled at Rs.5,054 per gram on the last day of the month. The lowest price of the precious metal was Rs.4,740 per gram on 2 February. Gold was at its highest price point of Rs.5,068 per gram on 1 and 2 February. Therefore, an inclining trend was recorded in gold rates with a percentage change of 6.57%.
    • In Nagercoil, a gram of 24 karat gold was priced at Rs.5,027 per gram in March. However, the prices started increasing and hit the highest price point of Rs.5,360 per gram on 9 March. The precious metal retailed at its lowest price point of Rs.5,027 per gram and closed the month at Rs.5,033 per gram. Thus, the overall performance of gold rates was that of incline and the percentage change stood at 0.11%.

    Investment in Gold in Nagercoil

    Monetisation of gold and other schemes offered by the government of India aim to mobilise around 2000 tonnes of gold lying in Indian household. But in India, gold also has a more important role in terms of aesthetic value. That has kept the common sentiment of buying gold jewellery alive in Nagarcoil. For the more trendy ones, schemes pertaining to gold can be availed at all major and minor banks in Nagarcoil. Gold investment in Nagercoil has traditional methods of buying jewellery and ornaments as well as paper gold. The frequent methods for doing so are mentioned below.

    Commercial and Personal Gold

    Commercial and personal gold investment has options like coins, jewellery, bars and industrial bulk purchase. Physical gold is the key here and occupies a position of importance. In Nagarcoil, while industrial purchase happens throughout the year, personal purchase of gold is limited to times of festivities and occasions.

    Gold through Market Trade

    Paper gold, sovereign gold bonds, exchange traded futures are some of the variants of gold that can be available at banks and people with online access can easily invest in such options through an easy online process. These options are available online with most banks in Nagercoil. Trading in gold on the National Stock Exchange and Bombay Stock Exchange is also a way to reap the monetary benefits of the yellow metal, but it requires a huge amount of investment.

    FAQs on Gold Price in Nagercoil

    1. Will gold prices in the international markets play a role in affecting the prices of gold in Nagercoil?

      Yes, gold prices in the international markets will play a role in affecting the prices of gold in Nagercoil.

    2. Will fixed deposit interest rates play a role in affecting the prices of gold in Nagercoil?

      Yes, fixed deposit interest rates will play a role in affecting the prices of gold in Nagercoil.

    3. Will import costs play a role in affecting the prices of gold in Nagercoil?

      Yes, import costs will play a role in affecting the prices of gold in Nagercoil.

    4. Will the value of the rupee against the dollar play a role in affecting the prices of gold in Nagercoil?

      Yes, the value of the rupee against the dollar will play a role in affecting the prices of gold in Nagercoil.

    5. Will the prices of gold in Nagercoil be the same when compared to the other cities?

      No, gold prices in Nagercoil will be different when compared to the other cities because of transportation costs and local taxes.

    Check Gold Price in NearBy Cities of Nagercoil

    As with the rest of India, two popular variants of gold are available in Nagarcoil. These are the 24 karat and 22 karat variants. While the 24 karat variant boasts of a greater purity at 98% gold in the mix, the 22 karat variant has 94% of the yellow metal in it. A preference exists for the 24 karat gold in crafting jewellery and ornaments but unfortunately, due to its softness and extreme malleability, it has to be used in conjunction with other metals to be strong enough that it can withstand daily wear and tear. 22 karat gold, the lesser sibling is used for jewellery as well and for some high grade consumer electronics like monitoring headphones and amplifiers. The variants of 18 karat and 14 karat gold are used mostly in industrial applications, though one can even find jewellery made of them. The rates of gold in Nagercoil are directly related to supply and demand, while market trends and taxes and duties increase the rates in India. Based on a gram’s value of gold, there is not much noticeable difference in the rates overseas and the rates prevalent in Nagarcoil.

    Read More on Gold

    Gold Rate In Metro Cities
    Gold Rate In Other Capitals
    Gold Rate In Other Major Cities
    Gold Rate In States
    Bank Gold Schemes

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