Gold Rate In Tamil Nadu Today

A popular commodity in Tamil Nadu, gold is bought for both investment purposes and as jewellery. Track gold prices in Tamil Nadu for 22 karat and 24 karat, with daily gold rate updates.
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  • Today's Gold Rate in Tamil Nadu ( 23 Jan 2020 )
    ₹ 3,815
    Today's Gold Rate (22K) per gram
    Compare Gold Rate in Tamil Nadu (Today & Yesterday)
    Today
    (23 Jan 2020)
    Yesterday
    (22 Jan 2020)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,815 ₹ 3,807 ₹ 8 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 30,520 ₹ 30,456 ₹ 64 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,006 ₹ 3,997 ₹ 9 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 32,048 ₹ 31,976 ₹ 72 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    23 Jan 2020 ₹ 3,815 ₹ 30,520 ₹ 4,006 ₹ 32,048
    22 Jan 2020 ₹ 3,807 ₹ 30,456 ₹ 3,997 ₹ 31,976
    21 Jan 2020 ₹ 3,836 ₹ 30,688 ₹ 4,028 ₹ 32,224
    20 Jan 2020 ₹ 3,820 ₹ 30,560 ₹ 4,011 ₹ 32,088
    19 Jan 2020 ₹ 3,828 ₹ 30,624 ₹ 4,019 ₹ 32,152
    18 Jan 2020 ₹ 3,828 ₹ 30,624 ₹ 4,019 ₹ 32,152
    17 Jan 2020 ₹ 3,809 ₹ 30,472 ₹ 3,999 ₹ 31,992
    16 Jan 2020 ₹ 3,802 ₹ 30,416 ₹ 3,992 ₹ 31,936
    15 Jan 2020 ₹ 3,801 ₹ 30,408 ₹ 3,991 ₹ 31,928
    14 Jan 2020 ₹ 3,764 ₹ 30,112 ₹ 3,952 ₹ 31,616

    Weekly & Monthly Graph of Gold Rate in Tamil Nadu

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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 Tamil Nadu

    Tamil Nadu is said to be one of the most prosperous states in Southern India and has a reputation for gold lovers in terms of jewelry or ornamentation as well as trade since people can afford it. A lot of people consider it with a holistic perspective. The capital of the state, Chennai ranks above all other cities and towns in India in terms of gold trade. It is mainly because of the fact that this cosmopolitan city with the maximum number of sales and purchases of gold in India. Gold rates in Tamil Nadu are also vital because Tamilian ornamentation and designs are renowned the world over. There is also a strong belief among the people that Tamil Nadu having a metropolitan city like Chennai and being the top 4 cities of the country makes this statistic important when it comes to gold trade.

    Gold Rate Trend in Tamil Nadu for October 2019 to December 2019 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.3,722 per gram Rs.3,892 per gram Rs.3,828 per gram
    Last Day Rs.3,857 per gram Rs.3,828 per gram Rs.3,925 per gram
    Highest Price Rs.3,872 per gram on 26 and 27 October Rs.3,892 per gram on 1 November Rs.3,925 per gram on 31 December
    Lowest Price Rs.3,722 per gram on 1 October Rs.3,792 per gram on 28 November Rs.3,771 per gram on 11 and 13 December
    Trend Incline Decline Incline
    Change 3.62% -1.64% 2.53%

    Quarterly Gold Rate in Tamil Nadu from October 2019 to December 2019:

    • In Tamil Nadu, gold prices showed a positive trend for the month of October. Opening at Rs.3,722 per gram, the metal’s prices remained steady for the first few weeks of the month. The lowest price of the metal was its opening price. Trade tensions between China and the United States of America escalated, pushing investors to shift to the bullion market. As the value of the dollar dipped against other currencies, the demand for the yellow metal increased. Gold prices hit its highest monthly price on 26 October at Rs.3,872 per gram. At the end of the month, gold closed at Rs.3,857 per gram with a percentage incline of 3.62.
    • At the end of the month of October, the price of gold had hit new highs. However, the price of the metal began dipping throughout the month of November with positive trends in the stock market. Opening at Rs.3,892 per gram, the highest price of the month was on 1 November. With a gradual decline in prices throughout the month, gold prices were at a low with trade tensions between China and the United States of America easing out. Investors having a higher risk appetite shifted to the stock market resulting in the lowest price of the month at Rs.3,792 per gram on 28 November. As the United States Federal Reserve cut interest rates yet again and amidst a recovering dollar, the metal closed the month with a decline of 1.64% at Rs.3,828 per gram.
    • In December, gold prices recovered marginally from the weak global trends in the previous month. This was majorly due to various geopolitical factors which prompted investors shifting back to the bullion market. Opening the month at Rs.3,828 per gram, the metal’s price was holding steady in the first two weeks of the month. However, as the tensions between the United States of America and Iran escalated, the value of the dollar dipped in the market. Investors shifted to the bullion as a safe haven asset. The highest price of the metal was on 31 December at Rs.3,925 per gram as United States President Donald Trump faced an impeachment inquiry. At the end of the month, gold prices recovered with an incline percentage of 2.53.

    Gold Rate Trend in Tamil Nadu for July 2019 to September 2019 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.3,373 per gram Rs.3,481 per gram Rs.3,876 per gram
    Last Day Rs.3,505 per gram Rs.3,876 per gram Rs.3,783 per gram
    Highest price Rs.3,537 per gram on 19 July Rs.3913 per gram on 29 August Rs.3,953 per gram on 5 September
    Lowest Price Rs.3,373 per gram on 1 July Rs.3,481 per gram on 1 August Rs.3,763 per gram on 14 and 15 September
    Trend Incline Incline Decline
    Change 3.91% 11.34% -2.39%

    Gold Rate Trend in Tamil Nadu for April 2019 to June 2019 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.3,189 per gram Rs.3,190 per gram Rs.3,233 per gram
    Last day Rs.3,194 per gram Rs.3,215 per gram Rs.3,415 per gram
    Highest price Rs.3,208 per gram on 9, 27 and 28 April Rs.3,246 per gram on 14 May Rs.3,428 per gram on 28 June
    Lowest price Rs.3,161 per gram on 3 April Rs.3,156 per gram on 23 May Rs.3,233 per gram on 1 – 2 June
    Trend Incline Incline Incline
    Change 0.15% 0.78% 5.62%

    Also Check Gold Price in Metro Cities

    Gold Rate Trend in Tamil Nadu for January 2019 to March 2019 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,172 per gram Rs.3,326 per gram Rs.3,305 per gram
    Last day Rs.3,321 per gram Rs.3,333 per gram Rs.3,200 per gram
    Highest price Rs.3,326 per gram on 30 January Rs.3,373 per gram on 22 February Rs.3,305 per gram on 1 March
    Lowest price Rs.3,172 per gram on 1 and 2 January Rs.3,316 per gram on 7 February Rs.3,169 per gram on 29 March
    Trend Incline Incline Decline
    Change 4.69% 0.21% -3.17%

    Gold Rate Trend in Tamil Nadu for January 2019:

    • Despite an uninspiring start in the beginning of 2019 when gold traded at Rs.3,172 per gram, the gold rate in Tamil Nadu surged in the coming weeks as retail demand rose and there were favourable overseas market cues. This was also the lowest price the metal stood at for the month.
    • The price of the metal saw an up rise on 4th January as investors increased their stake in bullion as a hedge against potential equity losses due to volatile markets.
    • Demand for the precious metal in Asia remained weak due to the impact of trade sanctions. However, healthy local and industrial demand maintained the positive trend of gold prices in Tamil Nadu.
    • The month ended with gold trading at its highest on 30th January. This may have been the effect of the US government shutting down and Brexit’s negative effects in the economy. On 31st January, the yellow metal was priced at Rs.3,321 per gram on.

    Gold Rate Trend in Tamil Nadu for February 2019:

    • A diminished retail offtake and a volatile marked stunted the value of gold even though the gold rate in Tamil Nadu trading at a high at the start of the month. As on 1st February, the metal was trading at Rs.3,326 per gram.
    • Due to conflicting overseas trends, the price of gold fluctuated. As on 5th February, gold was trading at Rs.3,346 per gram. During this time, local and industrial demand remained steady. However, the price dipped on 12th February when it was priced at Rs.3,305 per gram as investor interest declined.
    • The Sino-US trade talks stirred up negativity in the economy and investors switched to safe-haven assets as a hedge against any losses. This boosted the demand for gold in Tamil Nadu and the price rose to Rs.3,350 per gram on 16 February.
    • A weak US dollar also boosted local demand for the metal as gold prices rose to Rs.3,392 per gram on 21 February, but an aggressive stand by the Fed Reserve saw demand decline as gold closed at Rs.3,333 per gram on 28 February. The metal in Tamil Nadu saw a percentage incline of 0.21% for the month of February.

    Gold Rate Trend in Tamil Nadu for March 2019:

    • Gold rate in Tamil Nadu dipped in value at the beginning of the month as the value of the US dollar rose substantially. Uncharacteristically, stocks and equities too dipped in value at the same time. The price of gold on 1st March stood at Rs.3,305 per gram. This was also the highest value of the yellow metal for the month.
    • The dollar then declined in value on the 7th in comparison to the Euro as the ECB pushed its decision to hike interest rates. This stunted the growth of the metal due to weak economic conditions.
    • On 29th March, gold stood at its lowest point for the month when it was trading at Rs.3,169 per gram. This was influenced by the dollar increasing in value and the economic conditions weakening.
    • A percentage decline of 3.17 was recorded for the month of March while it was trading at Rs.3,200 per gram. This was also one of the lowest prices the metal stood at for the month.

    Gold Rate Trend in Tamil Nadu for October 2018 to December 2018 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.3,071 per gram Rs.3,184 per gram Rs.3,045 per gram
    Last day Rs.3,188 per gram Rs.3,045 per gram Rs.3,165 per gram
    Highest price Rs.3,211 per gram on 15 October Rs.3,196 per gram on 6 November Rs.3,192 per gram on 11 December
    Lowest price Rs.3,071 per gram on 1 October Rs.3,045 per gram on 30 November Rs.3,045 per gram on 1 December
    Trend Incline Decline Incline
    Change 3.80% -4.36% 3.94%

    Gold rate trend in Tamil Nadu in October 2018

    • The trend of gold in Tamil Nadu showed positive signs in the month of October. The major factor being the fall in the value of the dollar and the strengthening of the rupee, due to the fall of global markets.
    • On 1 October, gold traded at Rs.3,071 per gram increased throughout the month. By 15 October, the metal had reached its highest price of the month at Rs.3,211 per gram.
    • Local demand amongst jewellers rose in the second half of the month due to the upcoming festivals in the country. The import business was positively affected due to the rise in demand.
    • On the last day of the month, gold trading closed at Rs.3,188 per gram with a percentage incline of 3.80.

    Gold rate trend in Tamil Nadu in November 2018

    • Gold prices showed a downward trend in the month of November as the rupee weakened against the dollar.
    • Trading for gold opened at Rs.3,184 per gram. Due to high demand in the first week, the metal reached its monthly high at Rs.3,196 per gram on 6 November.
    • However, from the second week, the price of gold dipped as the dollar strengthened against other currencies. This had a negative effect on the import business in the country.
    • On the last day of the month, gold trading closed at a monthly low price of Rs.3,045 per gram resulting in a percentage decline of 4.36.

    Gold rate trend in Tamil Nadu in December 2018

    • December saw the gold trade show an upward trend opening at Rs.3,045 per gram which marked the lowest price in the month.
    • The US-China trade truce was underway which resulted in the falling of the markets. This resulted in the recovery of the rupee and increased demand of the metal.
    • The highest price of gold was on 11 December at Rs.3,192 per gram. The second half of the month marked the beginning of the wedding season in the country. This resulted in the increase of the metal’s demand in India as well as the import business flourished.
    • Gold trade closed at Rs.3,165 per gram on 31 December resulting in a percentage incline of 3.94.

    Gold Rate Trend in Tamil Nadu for July 2018 to September 2018 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.3,059 per gram Rs.2,983 per gram Rs.3,029 per gram
    Last day Rs.2,986 per gram Rs.3,036 per gram Rs.3,074 per gram
    Highest price Rs. 3,071 per gram on 6 July Rs.3,036 per gram on 31 August Rs.3,091 per gram on 19 September
    Lowest price Rs.2,986 per gram on 31 July Rs.2,940 per gram on 16 August Rs.3,019 per gram on 3 September
    Trend Decline Incline Incline
    Change -2.38% 1.77% 1.48%

    Gold Rate Trend in Tamil Nadu for July 2018:

    • The month saw gold rate in Tamil Nadu opening at Rs.3,059 per gram on the 1st with poor investor demand amid the bullish equity and stock markets.
    • Gold prices surged to Rs.3,071 per gram on the 6th as the US dollar index declined ahead of the US jobs and payrolls’ data release.
    • However, a drop in industrial offtake amid the rising US-China trade war concerns led to rates plunging considerably towards the end of the month.
    • Trading concluded for the month with gold rates finishing at a monthly low of Rs.2,986 per gram on the 31st, registering a 2.38% loss in bullion trade during the course of the month.

    Gold Rate Trend in Tamil Nadu for August 2018:

    • The month witnessed demand for gold rising considerably with the threat of economic sanctions against Iran and China by the United States pushing investors to bank on safe-haven assets.
    • The month began with gold price in Tamil Nadu holding at Rs.2,983 per gram on the 1st with demand on the decline amid the weak overseas trends.
    • With the US dollar rising against the rupee, demand for the metal dropped and gold was recorded trading at a monthly low Rs.2,940 per gram on the 14th.
    • Demand, however, picked up towards the end of the month with the Brexit negotiations and Italy’s budgetary crisis resulting in investor banking on the bullion.
    • Gold was recorded trading at Rs.3,036 per gram on the 31st, recording an incline of 1.77% in bullion trade during the course of the month.

    Gold Rate Trend in Tamil Nadu for September 2018:

    • The last month of the quarter began with gold in Tamil Nadu priced at Rs.3,029 per gram, thanks to steady investor demand amid favourable market trends overseas.
    • With the dollar strengthening ahead of the US employment data, demand for the metal plunged and gold was recorded trading at Rs.3,019 per gram on the 3rd.
    • With tensions rising amid speculations over a possible economic downturn, demand for the metal surged with investor gravitating towards safe-haven assets.
    • Gold was recorded trading at a monthly high of Rs.3,091 per gram on the 19th with domestic retailers and jewellers ramping up purchases ahead of the festive season.
    • The month came to an end with gold trading at Rs.3,074 per gram on the 30th, registering 1.48% increase in gold trade during the course of the month.

    Trend of Gold Rate in Tamilnadu for April 2018 to June 2018 (rates per gram of 24 karat gold)

    Parameters April May June
    1st Day Rs.3,072 per gram Rs.3,114 per gram Rs.3,100 per gram
    Last Day Rs.3,123 per gram Rs.3,122 per gram Rs.3,059 per gram
    Highest Rate Rs.3,153 per gram on 19 April Rs.3,213 per gram on 15 May Rs.3,127 per gram on 15 June
    Lowest Rate Rs.3,064 per gram on 6 April Rs.3,103 per gram on 3 May Rs.3,054 per gram on 24 June
    Overall Monthly Performance Incline Incline Decline
    Percentage Change 1.66% 0.25% -1.32%

    Gold Rate Trend in Tamil Nadu for April 2018

    • In the beginning of the month of April 2018, the Gold Rate in Tamil Nadu stood at Rs.3,072 per gram.
    • The lowest price of the metal for the month was Rs.3,064 recorded on the 6th.
    • Due to high demand, Gold price rose to Rs.3,153 towards the end of the month, on 19th.
    • At the end of the month, the Gold Price in the state stood at Rs.3,123 per gram.
    • It was an incline trend in Tamil Nadu when compared to the previous month as the rate of the metal rose by 1.66%.

    Gold Rate Trend in Tamil Nadu for May 2018

    • In the beginning of the month of May 2018, the Gold Rate in Tamil Nadu stood at Rs.3,114 per gram.
    • The lowest price of Gold for the month of May was Rs.3,103, recorded on the 3rd of the month.
    • The Gold rate for the month of May was the highest during the 15th, when it stood strong at Rs.3,213.
    • On the last day of May the Gold price stood at Rs.3,112 per gram.
    • It was a declining trend for the metal in Tamil Nadu for May when compared to the previous month as it reduced by 0.25%.

    Gold Rate Trend in Tamil Nadu for June 2018

    • In the beginning of June, the Gold price in the state of Tamil Nadu stood at Rs.3,100 per gram, similar to the Gold rate from the last day of the previous month.
    • This highest price of the metal for the month stood at at Rs.3,127 on the 15th of June.
    • The Gold price then deteriorated and hit its lowest on the 24th of June when it stood at Rs.3,054.
    • It was a declining trend when compared to the previous month as the Gold rate declined heavily by 1.32%.
    • Rs.3,059 per gram is what the Gold rate stood at for the end of the month, June 2018 in Tamil Nadu.

    Gold Rate Trend in Tamil Nadu for January 2018 to March 2018 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,009 per gram Rs.3,040 per gram Rs.3,043 per gram
    Last day Rs.3,045 per gram Rs.3,046 per gram Rs.3,072 per gram
    Highest price Rs.3,129 per gram on 25 January Rs.3,103 per gram on 14 February Rs.3,105 per gram on 24 and 25 March
    Lowest price Rs.3,000 per gram on 4 January Rs.3,003 per gram on 8 February Rs.3,030 per gram on 19 March
    Trend Incline Incline Incline
    Change 1.19% 0.19% 0.95%

    Gold Rate Trend in Tamil Nadu for January 2018:

    • The bullion trade commenced in the state with gold trading at Rs.3,009 per gram on the 1st amid the strengthening US dollar and rising equities.
    • Poor domestic demand coupled with weak global cues led gold rates plummeting to Rs.3,000 per kg on the 4th. This was also the lowest recorded monthly figure in Tamil Nadu.
    • However, a decline in the dollar value with the US jobs data reporting a significant drop in the number of jobs contributing to the nation’s economy led to gold prices recovering over the next couple of weeks.
    • Furthermore, the poor US inflation data raised concerns about the US economy and resulted in an increased demand for safe haven assets such as gold during the month.
    • Gold rates surged to Rs.3,129 per gram - the highest recorded monthly figure - on the 25th with strong demand from market participants to hedge against inflation concerns.
    • The month ended with gold prices holding at Rs.3,045 per gram on the last day. Strong trends overseas compounded with steady domestic demand from local jewellers, retailers and industries led to gold prices in Tamil Nadu rising by 1.19% during the month.

    Gold Rate Trend in Tamil Nadu for February 2018:

    • The month began with the yellow metal priced at Rs.3,040 per gram on the 1st after a rise in the dollar value led to a slight decline in rates at the domestic level.
    • Gold prices dropped to Rs.3,003 per gram on the 8th as demand for the metal plummeted amid the strengthening US dollar and rising equities.
    • Thanks to an increase in domestic demand from local jewellers and retailers on account of Valentine’s day, prices rose to their monthly high of Rs.3,103 per gram on the 14th.
    • However, with the dollar regaining lost ground against other major currencies, demand remained on the weaker side for much of the month.
    • The month came to an end with gold rates stabilising at Rs.3,046 per gram on the 28th with subdued but steady domestic demand amid firm overseas trends.
    • Tamil Nadu registered a profit of 0.19% in bullion trade during the month of month of February.

    Gold Rate Trend in Tamil Nadu for March 2018:

    • The last month of the quarter commenced with gold priced slightly lower at Rs.3,043 per gram on the 1st following a decline in domestic demand from the previous session.
    • The next couple of weeks saw gold rates fluctuating with demand vagaries brought about by the unevenly performing dollar and equity markets.
    • Gold rates plunged to Rs.3,030 per gram on the 19th as the US stock markets surged following the abrupt dismissal of Rex Tillerson, the US Secretary of State, by President Trump.
    • However, with the US dollar index losing against other apex currencies amid the ongoing US-China trade war concerns, demand for the bullion improved towards the end of the month.
    • Strong investor demand coupled with positive global cues led to gold being priced at Rs.3,105 per gram on the 24th and the 25th. This was also the highest recorded monthly figure in the state.
    • Trading concluded for the month with the yellow metal prices holding at Rs.3,072 per gram on the 31st.
    • Thanks to the firm market trends that pushed demand higher for the metal, gold rates in Tamil Nadu rose by 0.95% during the course of the month.

    Gold Rate Trend in Tamil Nadu for October 2017 to December 2017 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.3,040 per gram Rs.2,988 per gram Rs.2,982 per gram
    Last day Rs.2,997 per gram Rs.2,992 per gram Rs.3,015 per gram
    Highest price Rs.3,059 per gram on 14 and 15 October Rs.3,030 per gram on 18 and 19 November Rs.3,015 per gram on 30 and 31 December
    Lowest price Rs.2,997 per gram on 6, 27, 30, and 31 October Rs.2,974 per gram on 6 November Rs.2,903 per gram on 13 December
    Trend Decline Incline Incline
    Change -1.41% 0.13% 1.10%

    Gold Rate Trend in Tamil Nadu for July 2017 to September 2017 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,950 per gram Rs.2,926 per gram Rs.2,995 per gram
    Last day Rs.2,925 per gram Rs.2,971 per gram Rs.3,040 per gram
    Highest price Rs.2,950 per gram on 1 & 2 July Rs.2,999 per gram on 29 August Rs.3,102 per gram from 8 September
    Lowest price Rs.2,796 per gram on 14 July Rs.2,899 per gram on 3 August Rs.2,995 per gram on 1 September
    Trend Decline Incline Incline
    Change -0.84% 1.51% 1.50%

    Gold rate trend in Tamil Nadu for July 2017

    • The introduction of GST in the country had a major impact on the domestic bullion industry during the month.
    • Gold was priced at Rs.2,950 per gram when the month began. This was also the highest monthly figure Tamil Nadu witnessed.
    • Domestic demand plummeted with the implementation of the newly approved 3% Goods and Services Tax. This led ted to gold price in Tamil Nadu plunging to Rs.2,796 per gram - the lowest monthly figure - on the 11th.
    • Prices remained low for much of the month owing to subdued demand from local jewellers, industries and retailers.
    • The dollar, however, dropped as the US-North Korean conflicts took centre stage. This led to gold rates surging to Rs.2,925 per gram on the last day.
    • Tamil Nadu registered a loss of 0.84% in the bullion trade owing to poor domestic trends.

    Gold rate trend in Tamil Nadu for August 2017

    • Gold trade in Tamil Nadu was mostly influenced by strong global cues that pushed demand higher in the domestic markets.
    • When trading commenced, gold was priced at Rs.2,926 per gram on the 1st of August.
    • The 3rd saw gold price Tamil Nadu hitting the lowest monthly figure of Rs.2,899 per gram as demand declined amid a strengthening dollar.
    • Demand remained poor for much of the month, courtesy of the US dollar.
    • However, the 29th witnessed safe-haven investments surging after the US-North Korean relations escalated. This led to gold rates rising to Rs.2,999 per gram on the 29th.
    • The month concluded with the precious metal trading at Rs.2,971 per gram on account of subdued demand from local jewellers, industries and retailers.
    • Gold prices in Tamil Nadu inclined at 1.51% during the month owing to positive overseas trends.

    Gold rate trend in Tamil Nadu for September 2017

    • In Tamil Nadu, gold prices were mostly governed by the geopolitical concerns prevailing in the United States and Korean Peninsula. Rates also surged during the month due to the arrival of the festive season during the month.
    • The yellow metal was priced at Rs.2,995 per gram when trading commenced for the month.
    • Global equities market crashed soon after North Korea announced an official statement their successful thermonuclear weapon test. This led to investors around the world banking on safe-haven assets and gold was being priced at Rs.3,102 per gram on the 8th.
    • The US economy, however, recovered over the next few days with a stronger dollar and firmer equities market. This led to gold rates float under the Rs.3,040 per gram for much of the month.
    • Steady domestic demand from local jewellers, retailers and industries led to the bullion trading at Rs.3,040 per gram during the closing hours of the month.
    • The yellow metal trade in Tamil Nadu registered a profit of 1.50% due to strong global trends coupled with an increased local demand.

    Gold Rate Trend in Tamil Nadu for April 2017 to June 2017 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.2,956 per gram Rs.2,984 per gram Rs.2,977 per gram
    Last day Rs.2,984 per gram Rs.2,968 per gram Rs.2,962 per gram
    Highest price Rs.3,040 per gram on 15 April and 16 April Rs.2,971 per gram on 23 May Rs.3,012 per gram on 8 June
    Lowest price Rs.2,954 per gram on 8 April and 9 April Rs.2,888 per gram on 15 May Rs.2,942 per gram on 20 June
    Trend Incline Decline Decline
    Change 0.94% -0.53% -0.50%

    Gold Rate Trend in Tamil Nadu for April 2017

    • Gold traded at Rs.2,956 per gram on the 1st April 2017.
    • A slight increase in gold price in Tamil Nadu was seen on the 04th of April when the yellow metal traded at Rs.2,987 per gram.
    • Though gold prices drifted from 05th to 11th April due to poor demand, the precious metal picked up and traded at Rs.3,028 on 14th of April.
    • Lowest gold rate was Rs.2,954 per gram on 8 April and 9 April.
    • As demand picked up in local and international markets, gold hit the highest rate on 15th and 16th of April and traded at Rs.3,040 per gram.
    • In the last week of April, many fluctuations were seen in the rate of gold due to varying demand for the precious metal.
    • As demand from local jewellers were muted, gold traded at Rs.3,033 per gram on the 17th of April.
    • As the value of U.S dollar strengthened, gold prices fell and traded at Rs.2,971 per gram.
    • Gold closed at Rs.2,984 per gram on the 30th of April.

    Gold Rate Trend in Tamil Nadu for May 2017

    • Gold opened at Rs.2,984 per gram on the first day of the month of May.
    • The first week of May witnessed both increase and decrease in gold rates due to ever-changing demand from the local market.
    • On the second day of the month, gold rates dipped slightly and traded at rs.2,952 per gram.
    • Gold price in Tamil Nadu continued to fall from the 04th to 08th of April due to poor trend overseas.
    • The lowest gold rate was recorded at Rs.2,888 per gram on 15 May.
    • On 16th of May, gold rates increased to Rs.2,894 per gram and further rose to Rs.2,910 per gram.
    • As news went viral about Donald Trump’s involvement in a federal investigation, gold increased on the 18th of May and traded at Rs.2,958 per gram.
    • The highest gold rate for the month of May was recorded on 23rd of May when gold was sold at Rs.2,971 per gram.
    • Gold closed at Rs.2,968 per gram.
    • Overall, the month of May saw a decline in gold price by 0.53%.

    Gold Rate Trend in Tamil Nadu for June 2017

    • A slight increase was seen on the first day of the month as gold prices picked up and traded at Rs.2,977 on 01st May 2017.
    • Though gold prices sipped on the 02nd of May and traded at Rs.2,965 per gram, it immediately rose as demand from local market picked up.
    • The second week of June started well as gold prices picked up and traded at Rs.3,006 and 05th of June.
    • The highest gold rate in Tamil Nadu for the month of June was Rs.3,030 per gram which was recorded on 7th June.
    • From the 8th of June, gold prices continued to fall and hit the lowest gold rate of Rs.2,942 per gram on 20th June.
    • The fall in gold price in Tamil Nadu was mainly due to poor demand, GST implementation in India, steady U.S dollar rate, and poor trend overseas.
    • Gold closed at Rs.2,962 per gram.
    • Overall, the month of May saw a decline in gold price by 0.50%.

    Gold Rate Trend in Tamil Nadu for January 2017 to March 2017 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,821 per gram Rs.2,957 per gram Rs.2,994 per gram
    Last day Rs.2,942 per gram Rs.3,001 per gram Rs.2,942 per gram
    Highest price Rs.2,974 per gram on 24th January Rs.3,014 per gram on 25th & 26th February Rs.2,994 per gram on 1st March
    Lowest price Rs.2,821 per gram on 1st January Rs.2,940 on 3rd February Rs.2,906 per gram on 15th of March
    Trend Incline Incline Decline
    Change +4.28% +1.49% -1.73%

    Gold Rate Trend in Tamil Nadu for January 2017:

    • Gold opened for January opened at Rs.2,821 per gram.
    • As there was a positive demand in the global market, prices of gold increased to Rs.2,858 per gram on 5th and went up again on 8th to Rs.2,872 per gram.
    • On 9th, gold prices increased again to Rs.2,895 per gram as concerns rose in the media and the government over Donald Trump’s handling of monetary policies.
    • As there was no quick fix to the situation, demand kept increasing which brought gold prices up to Rs.2,914 per gram on 11th.
    • Plenty of corrections towards the end of the month gave way to falling gold prices during the end of the month.
    • The month of January came to a close with gold prices holding at Rs.2,942 per gram.

    Gold Rate Trend in Tamil Nadu for February 2017:

    • February started with gold trading at Rs.2,957 per gram.
    • But prices declined to reach their lowest for the month at Rs.2,940 per gram as demand in global circles fell.
    • Uncertainty over US policies was still present. This phenomenon pushed gold price up to Rs.2,989 per gram by the 8th.
    • Gold prices reached their highest of Rs.3,014 per gram for the month, as US monetary policy issue led to markets gaining around the week.
    • The month ended with gold trading at Rs.3,001 per gram as demand went down slightly.

    Gold Rate Trend in Tamil Nadu for March 2017:

    • The month of March began with gold trading at Rs.2,994 per gram.
    • As the US Federal Reserve looked to increase the interest rate for a record time, gold prices took a hit to go down to Rs.2,961 per gram on 3rd.
    • By the 10th, gold prices went down to Rs.2,931 per gram as there was a weak demand in the local market.
    • A strengthened US dollar and a weak global market saw gold price dip to Rs.2,929 per gram on 14th.
    • But as dollar value wavered, gold prices went up to Rs.2,940 per gram by the 18th.
    • Over the last two weeks, gold prices seemed to correct themselves, bringing rates up to Rs.2,979 per gram by the 27th.
    • Rates again dipped on the last day of the month to Rs.2,942 per gram due to a technical correction.
    • March saw gold price trends hit the negative side with a change of -1.73%.

    Also Check Gold Prices in the Cities of Tamil Nadu

    Gold investment Avenues in Tamil Nadu

    When it comes to a safe investment option, Gold is considered to be one of the least riskiest of trading commodities in any market, whether regional or global. In Tamil Nadu too the yellow metal is considered an investment option that is lower on risk factors, primarily based on the fact that it is highly affordable and culturally significant as mentioned before. It is also an integral part of their investment portfolio along with stock market and mutual fund investments. Investors have various options for gold trading through gold contracts and physical gold.

    Buying Physical Gold: In keeping with the rest of the country, the people of Tamil Nadu purchase gold mainly in the form of jewelry. Needless to say, there are a number of jewelry establishments spread in and around the city to meet this demand. Gold rates or prices are updated on a daily basis and can be obtained from those dealing in gold or online via many financial sites. India imports most of its gold requirements from abroad. Tamil Nadu which doesn’t have any significant gold production also contributes to the country’s need to substantiate gold demand through imports. Even though gold is bought as jewelry, it is done for reasons beyond ornamentation. Such purchases form a part of many buyers’ investment portfolio.

    Market Avenue: In this state you can purchase gold through the markets, with gold being traded in the National Multi Commodity Exchange, National Commodity and Derivatives Exchange and the Multi Commodity Exchange. This is apt for individuals willing to purchase gold in bulk, with the minimum trading limit being set at 1 kg in general. It's a viable option for people who are well aware of the gold market and all that affects it.

    Also Check Petrol Price and Diesel Price in Tamil Nadu

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    News About Gold rate in Tamil Nadu

    • Price of gold falls for the second time in 3 days amidst increased risk appetite amongst investors

      The price of the precious metal dipped on 20 December 2019 due to decreased global demand and global factors playing a major role. On the Multi Commodity Exchange, gold futures dropped by 0.19% to be priced at Rs.38,035 per 10 grams. This consecutive drop in prices in 3 days led to silver prices facing a drop as well.

      March silver futures face resistance in the Rs.44,340 to Rs.44,423 zone and according to trends, gold and silver can trade sideways in the upcoming term. In the global markets, the price of gold dipped lower majorly due to an increased risk appetite amongst investors. This comes after the US Treasury Secretary Steven Mnuchin mentioned that the United States of America and China will sign the Phase 1 treaty early in 2020.

      The price of spot gold marginally decreased by 0.1% to $1,478.00 per ounce. The Finance Ministry released a new list of import tariff exemptions for one year starting from 26 December for 6 chemical and oil products from the United States.

      In India, the government has imposed restrictions on the import of precious metals amidst the rising shipments of gold coming into the country. The import of gold in any form has been placed under the category of ‘restricted’ according to a statement released by the Directorate General of Foreign trade. Gold imports had increased by 6.6% to $2.94 billion in November 2019 compared to $2.76 billion in November 2018.

      23 December 2019

    • Prices of gold reduce on MCX due to the trade deal optimism

      On 25 November 2019, prices of gold reduced for the fifth day in a row. Following international markets, prices of gold reduced by Rs.166 and hit Rs.38,604 for 10 grams.

      According to Tapan Patel, Senior Analyst at HDFC Securities, 24 karat spot gold prices reduced by Rs.166 following the reduction in gold prices globally. On 23 November 2019, prices of gold closed at Rs.38,770 for 10 grams. Gold prices slipped to a one-week low in the international market and hit $1,460 for an ounce on 25 November 2019. The main reason for the decrease in prices was the positive talks between China and the US over the trade deal. According to various reports, Phase 1 of the trade deal between China and the US could be signed by the end of 2019. The demand for gold has reduced due to this. Prices of gold in Delhi have increased by 22% so far this year. The main reason for the increase in prices was the trade dispute between the US and China that has been going on for about 16 months. On 25 November 2019, the prices of silver also reduced by Rs.402 and hit Rs.45,178 for a kg. In the previous trade, silver closed at Rs.45,580 for a kg. In the international market, the prices of silver were at $16.86 for an ounce.

      27 November 2019

    • Amnesty scheme may be floated by the government for unaccounted gold

      According to three top government sources, the Finance Ministry and the Prime Minister’s office is providing the final touches so that a special scheme is launched with the main aim of legalising accounted gold in India.

      The scheme is expected to launch soon, and individuals will be able to disclose unaccounted gold over a certain threshold and taxes must be paid for the value that has been disclosed. According to a source, the holding limit will be decided by the scheme and heavy penalties will be levied in case gold beyond the prescribed limit is held. The tax rate has not been decided yet. However, a source said that the tax rate would be almost the same as other amnesty schemes that have launched during 2014-2016. The value of gold will be determined by a valuer that has been approved by the government. The source further added that any gold jewellery owned by married women below a certain amount will be exempted. According to another source, the proposal was put forward by the Department of Revenue and the Department of Economic Affairs. In order to keep the scheme attractive, a ‘Gold Board’ will be set up consisting of private sector and government representatives.

      30 October 2019

    • Positive trends and weak rupee help boost gold prices

      Gold prices increased by Rs.194 to be priced at Rs.38,487 per 10 grams in Mumbai. The metal showed positive trends due to a falling rupee as investors increased their bets due to a positive global trend for the metal.

      In Mumbai, 22-karat gold was priced at Rs.35,254 per 10 grams plus an added GST of 3%. 24-karat gold was valued at Rs.38,487 per 10 grams plus GST. As gold prices increased, the price of silver also increased by Rs.105 to Rs.45,375 per kg compared to its closing price on 11 October.

      Demand has been stagnant in the country due to higher prices and added taxes. Local jewellers have been depending on the increase in demand ahead of Diwali and wedding season for the. In the futures market, gold was priced at Rs.38,280 per 10 grams and for the December series the precious metal touched a low at Rs.32,289 per 10 grams and a high of Rs.40,771 per 10 grams.

      Gold futures in December for delivery increased by Rs.336 or 0.89%, trading at Rs.38,181 per 10 grams for a business turnover of 20,414 lots. Gold contracts for February traded higher by 0.82% or Rs.313 valued at Rs.38,448 per 10 grams for a turnover of 2,916 lots.

      16 October 2019

    • Gold prices increase by Rs.330 per 10 gram

      In the national capital, gold prices of every 10 gram increased by Rs.330 to cost Rs.39,020 on Tuesday. The increase in the prices was accounted to expectation of pick up in festive demand as per HDFC Securities. It needs to be mentioned here that in the bullion market the prices of 24 Karat gold closed at Rs.38,690 for every 10 gram on Monday. Given the increase in the prices of gold, silver also moved up by Rs.730 to cost Rs.48,720 per kilogram. In the international market, the rates of gold and silver were trading flat. The yellow metal was trading at $1,522.60 an ounce in New York and silver was being traded at $18.57 per ounce.

      24 September 2019

    • Price of gold falls by Rs.2,400, results in a decline for the 7th continuous day

      On the MCX, October gold futures closed at a decline of 0.65% at Rs.37,503 per 10 grams extending the fall for the seventh continuous day. This decline has resulted in a total decline in the price of the precious metal by Rs.2,400 or 6% since the metal hit the highest price in September at Rs.39,885 per 10 grams.

      In the global market, the price of gold fell to a one-month low at $1,483.90 per ounce after hitting a six-year high last week at $1,557 per ounce. Jewellers have hope that these low prices of the metal might spark an increase in demand in the country ahead of the festive season.

      According to reports, dealers have been offering a discount of up to $51 an ounce over the official domestic prices this week. The domestic prices include an import tax of 12.5% and GST of 3%.

      16 September 2019

    • Gold Continues Its Steady Climb To Another Record High

      Gold prices surged to another record high as global demand also remained steady. Gold futures on the Multi Commodity Exchange (MCX) ended 1.7% higher at Rs.38,810 for 10 grams after hitting a high of Rs.38,821 earlier in the day.

      On the global market, gold rose by 2% to a 6-year high of $1,537 per ounce on the Comex in New York.

      The latest shot in the arm for gold came after the dovish comments by the Federal Reserve Chairman and escalations in the China-U.S. trade war. This came as China announced retaliatory tariffs on $75 billion of U.S. goods.

      Global gold markets have seen a steady climb, rising 8% during August 2019 and close to 19% since the year began. Domestic gold prices have also seen a sharp rise, resulting in many jewellers selling gold at a discount to entice retail buyers.

      24 August 2019

    • Gold prices reach a two-week low amid U.S. Fed rate cuts

      Gold prices reached a two-week low amidst U.S. Fed rate cuts but hasn’t fallen below the psychologically important level of $1,400.

      The Fed stated that it would cut rates by 25 basis points. Since this rate cut is not the first in a series of rate cuts, gold started trading lower than expected. Moreover, the cut in interest rates pushed the value of the dollar placing pressure on gold.

      Analysts state that future rate cuts will be made after taking a look at the economic situation and the trade relations between the U.S. and China.

      This fall comes after gold prices increased over the last few weeks and reached a six-year high on 19 July at $1,452.60.

      Among other precious metals, silver decreased by 1.6% per ounce, platinum fell 0.5% per ounce, and palladium increased by 0.2% per ounce.

      1 August 2019

    • Weak global cues lead to gold prices falling by Rs.600

      With the dollar scaling a high on Tuesday (9 July 2019), gold prices fell by Rs.600 and closed at Rs.34,870 per 10 grams.

      This fall in prices was also due to factors such as reduced local demand among jewellers and weighed down sentiments due to the increase in gold duty as mentioned in the budget. As per the budget, the Government has proposed an increase in the customs duty on gold. The duty has been increased to 12.5% instead of the current 10%.

      Sovereign gold, on the other hand, remained steady at Rs.27,300 per eight grams.

      Among other metals, silver prices declined by Rs.48 and closed at Rs.38,900 per kg.

      11 July 2019

    • Gold Soars 1.5% As Growth Concerns Spur Bullion Demand

      After plunging the previous day, gold prices rose by 1.5% to $1,405.53 per ounce as apprehensions over global trade and growth increased bullion’s appeal.

      U.S. gold futures also rose, trading 1.3% higher at $1,408 per ounce as a rally in bonds encouraged bullion’s bullish run. The low U.S. dollar rate and its inability to capitalise over the past few days also increased gold’s appeal.

      Indications of an interest rate cut by the Bank of England resulted in a drop in British yields which in turn pressured U.S. bond yields, further improving bullion’s performance.

      2 July 2019

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