Gold Rate In Tuticorin

  • Today's Gold Rate in Tuticorin( 24 Oct 2021 )

    ₹ 4,515
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,515 ₹ 4,515 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,120 ₹ 36,120 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,741 ₹ 4,741 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,928 ₹ 37,928 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    24 Oct 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    23 Oct 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    22 Oct 2021 ₹ 4,484 ₹ 35,872 ₹ 4,708 ₹ 37,664
    21 Oct 2021 ₹ 4,484 ₹ 35,872 ₹ 4,708 ₹ 37,664
    20 Oct 2021 ₹ 4,474 ₹ 35,792 ₹ 4,698 ₹ 37,584
    19 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    18 Oct 2021 ₹ 4,462 ₹ 35,696 ₹ 4,685 ₹ 37,480
    17 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    16 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    15 Oct 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928

    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 rates in Tuticorin

    The price of gold is on the rise in 2016. A wide range of international and national factors such as oil prices, currency fluctuations, US jobs data, interest rates, stock markets, current account deficit, economic outlook, import duties, inflation and so forth influence the price of the precious metal. Gold rates are also dependent on the supply and demand dynamics of the metal. Contraction in production may result in spike in the price of Gold. Gold rates vary across different cities in India due to the transportation costs, making and procurement costs among others.

    Tuticorin or Thoothukudi is a seaport city in the state of Tamil Nadu. Tuticorin, one of the fastest growing ports in the country, is often touted as the ‘Emerging Energy and Industrial hub of South India.’ Tuticorin has a thriving fishing industry besides a thermal power plant.

    Most residents in Tuticorin view the precious metal as a form of safe investment which can come to their rescue during any financial crisis.

    Gold rates are set for recovery in 2016 as evident in the increase in the gold rates across cities in India including Tuticorin. 1 gm of 24 karat gold which was pegged at Rs.2578 on December 27th, 2015, rose by 0.1% to Rs.2583 on January 8th, 2016. Gold rates rose further throughout January in that 1 gm of 24 karat gold which pegged at Rs.2663 on January 17th rose by 1.4% to Rs.2701 on January 19th. The trend continued with the price of 1 gm of gold (24 karat) pegged at Rs.2717 towards the end of January. The month of February witnessed a similar trend as the price of gold rose by 5.4% to Rs.2865. The month of March witnessed a similar trend as 1 gm of 24 karat gold touched Rs.3035. Gold rates in Tuticorin fell from July-August 2015 onwards in that 1 gm of 24 karat gold which was pegged at Rs.2723 on August 20th, 2015 plummeted to Rs.2623 and Rs.2600 in the following months of September and November respectively.

    Gold Rate Trend in Tuticorin for April 2021 to June 2021 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,610 per gram Rs.4,810 per gram Rs.5,060 per gram
    Last Day Rs.4,599 per gram Rs.5,048 per gram Rs.4,631 per gram
    Highest Price Rs.4,917 per gram on 22 April Rs.5,071 per gram on 27 May Rs.5,079 per gram on 3 June
    Lowest Price Rs.4,599 per gram on 30 April Rs.4,500 per gram on 12 May Rs.4,610 per gram on 21 June
    Trend Decline Incline Decline
    Change -0.23% 4.94% -9.26%

    Quarterly Gold Rate in Tuticorin from April 2021 to June 2021:

    • In April, the prices of gold in Tuticorin opened at Rs.4,610 per gram. However, gold prices fell by 0.23% by the end of the month and closed at Rs.4,599 per gram. The highest and lowest rates that the yellow metal touched for the month were Rs.4,916 per gram (22 April) and Rs.4,599 per gram (30 April), respectively.
    • On 1 May, the price of gold in Tuticorin was at Rs.4,810 per gram. Gold prices in the city closed at Rs.5,048 per gram. The lowest and highest rates that the yellow metal touched for the month were Rs.4,500 per gram and Rs.5,071 per gram, respectively. Overall, gold prices jumped by 4.94% in the city.
    • In June, gold prices in Tuticorin opened at Rs.5,060 per gram and closed at Rs.4,631 per gram. Gold prices in the city declined by 9.26% over the course of the month. The highest and lowest rates that the yellow touched for the month were Rs.5,079 per gram and Rs.4,610 per gram, respectively.

    Gold Rate Trend in Tuticorin for January 2021 to March 2021 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,965 per gram Rs.5,084 per gram Rs.4,725 per gram
    Last Day Rs.5,078 per gram Rs.4,758 per gram Rs.4,572 per gram
    Highest Price Rs.5,329 per gram on 7 January Rs.5,084 per gram on 1 February Rs.4,737 per gram on 2 March
    Lowest Price Rs.4,838 per gram on 17 January Rs.4,735 per gram on 19 February Rs.4,559 per gram on 13 March
    Trend Incline Decline Decline
    Change 2.27% -6.41% -3.23%

    Quarterly Gold Rate in Tuticorin from January 2021 to March 2021:

    • Gold price in Tuticorin on 1st January was Rs.4,965 per gram. The highest and lowest price for the month was recorded on 7th and 17th January. On the mentioned dates, a gram of 24-karat gold cost Rs.5,329 and Rs.4,838 respectively. The overall performance of gold in Tuticorin was one of incline with the percentage change standing at 2.29%.
    • The yellow metal opened the month of February at Rs.5,084 per gram. When compared to the closing price of the previous month, there was an increase of Rs.6 in the price of the yellow metal. The opening price of gold was the highest for the month while the lowest price was recorded on 19th February when a gram cost Rs.4,735. Gold’s overall performance witnessed a declining trend with the percentage change being -6.41%.
    • Gold opened the month of March at Rs.4,725 per gram. The rate was down by Rs.33 for every gram when the price was compared to what was charged on the final day of the previous month. The highest and lowest price for the month was recorded on 2nd and 13th March with a gram costing Rs.4,737 and Rs.4,559 respectively. Gold’s overall performance in Tuticorin witnessed a declining trend with the percentage change standing at -3.23%.

    Gold Rate Trend in Tuticorin for October 2020 to December 2020 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.5,274 per gram Rs.5,194 per gram Rs.4,931 per gram
    Last Day Rs.5,193 per gram Rs.4,935 per gram Rs.5,143 per gram
    Highest Price Rs.5,332 per gram on 13 October Rs.5,215 per gram on 10 November Rs.5,212 per gram on 21 December
    Lowest Price Rs.5,096 per gram on 21 October Rs.4,935 per gram on 30 November Rs.4,931 per gram on 1 December
    Trend Decline Decline Incline
    Change -1.53% -5.24% 4.29%

    Quarterly Gold Rate in Tuticorin from October 2020 to December 2020:

    • The gold price in Tuticorin in October for 24 karat gold was Rs.5,274 per gram on the first day which declined to Rs.5,193 per gram by the last day for 24 karat. There was an overall slump in gold prices through the course of the month at –1.53%. The highest price was Rs.5,332 per gram on 13 October while the lowest was Rs.5,096 per gram on 21 October.
    • The rate of Gold in Tuticorin in November slumped by –5.24% through the entire month, starting off at Rs.5,194 per gram and ending at Rs.4,935 per gram for 24 karat. The highest price was in the second week of the month at Rs.5,215 per gram while the lowest price was Rs.4,935 per gram by the end of the month.
    • Prices of gold in Tuticorin for 24 karat in the month of December was on a steady incline of 4.29%, starting off at Rs.4,931 per gram at the start of the month but ending at Rs.5,143 per gram by the end of the month. The highest gold price in the city for the month was on 21 December at Rs.5,212 per gram while the lowest price of gold was Rs.4,931 per gram, which also happened to be the first day of the month.

    Gold Rate Trend in Tuticorin for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.4,908 per gram Rs.5,437 per gram Rs.5,221 per gram
    Last Day Rs.5,381 per gram Rs.5,190 per gram Rs.5,076 per gram
    Highest Price Rs.5,381 per gram on 31 July Rs.5,691 per gram on 7 August Rs.5,221 per gram on 1 September
    Lowest Price Rs.4,841 per gram on 6 July Rs.5,158 per gram on 29 August Rs.4,993 per gram on 24 September
    Trend Incline Decline Decline
    Change 9.63% -4.54% -2.77%

    Quarterly Gold Rate in Tuticorin from July 2020 to September 2020:

    • In July, gold rates in Tuticorin opened the month at Rs.4,908 per gram and closed at Rs.5,381 per gram. The gold prices in Tuticorin had increased by 9.63% over the course of the month. The highest gold rate in Tuticorin was Rs.5,381 per gram on 31 July while the lowest gold price in Tuticorin was on 6 July at Rs.4,841 per gram.
    • On 1 August 2020, the gold price in Tuticorin was Rs.5,437 per gram. By 31 August, the gold rate was Rs.5,190 per gram. Gold rates declined by 4.54% in August with the highest gold price in Tuticorin being on 7 August at Rs.5,691 per gram while the lowest price being on 29 August at Rs.5,158 per gram.
    • In September, gold rates in Tuticorin had an overall decline of 2.77%. Gold prices in Tuticorin hit the lowest at Rs.4,993 per gram on 24 September while the highest gold rate was on 1 September at Rs.5,221 per gram. The gold price in Tuticorin by the end of September was Rs.5,076 per gram.

    Gold Rate Trend in Tuticorin for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,150 per gram Rs.4,670 per gram Rs.4,917 per gram
    Last Day Rs.4,720 per gram Rs.4,916 per gram Rs.5,067 per gram
    Highest Price Rs.4,720 per gram on 30 April Rs.4,916 per gram on 26, 27, and 31 May Rs.5,067 per gram on 30 June
    Lowest Price Rs.4,150 per gram from 1 - 5 April Rs.4,621 per gram on 2 May Rs.4,483 per gram on 9 June
    Trend Incline Incline Incline
    Change 13.73% 5.26% 3.05%

    Quarterly Gold Rate in Tuticorin from April to June:

    • In Tuticorin, gold opened the month of April at Rs.4,158 per gram. Over the month, the rates witnessed an inclining trend with the percentage change being 11.47%. The yellow metal recorded its highest and lowest price for the month on 27th and 1st of April.
    • In May, the precious metal opened the month at Rs.4,641 per gram. There was an increase of Rs.6 for every gram when compared to the closing price of the previous month. The highest and lowest price for the month was recorded on the 20th and 12th of May with a gram costing Rs.4,757 and Rs.4,534 respectively. The overall performance of the metal witnessed an inclining trend in the city with the percentage change standing at 1.24%.
    • The rates of gold jumped by 2.74% over the month of June in Tuticorin. Gold opened the month at Rs.4,702 per gram, an incline of Rs.3 from the price charged on the final day of the previous month. The metal recorded its highest and lowest for the month on 25th and 8th of June with a gram being retailed for Rs.4,841 and Rs.4,564 respectively.

    Gold Rate Trend in Tuticorin 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 February Rs.4,443 per gram on 6 March
    Lowest Price Rs.3,919 per gram on 2 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 Tuticorin from January 2020 to March 2020:

    • In Tuticorin, gold price opened the first month of 2020 i.e., January at Rs.3,922 per gram. The precious recorded its lowest price for the month the following day with a gram of the 24-karat costing Rs.3,919 in the city. The prices increased following that and was accounted to various factors like unrest in the Middle East after the United States killed a top Iranian military general in a drone attack and speculations regarding a trade deal between China and the United States of America. Gold hit the highest price for the month in the city on 8th March with a gram being retailed for Rs.4,125. Over the month, gold price witnessed an incline of 3.87% and closed at Rs.4,074 per gram.
    • Gold price stood at Rs.4,077 per gram at the start of February in the city. Compared to the closing price of the previous month, the rates were up by a sight margin of Rs.3 per gram. The rates slipped in the next few days as the number of coronavirus cases increased in China. The unprecedented increase prompted discussions of the outbreak of a possible pandemic. This resulted in gold slipping to its lowest for the month on 6th March with a gram costing Rs.4,030 in Tuticorin. With the country imposing lockdown and other measures being taken, the rates began to shoot up in the next couple of weeks and recorded its highest price of Rs.4,305 per gram on 24th March. Gold closed the month at Rs.4,185 per gram with a percentage increase of 2.64%.
    • In March, gold price opened at Rs.4,185 per gram in Tuticorin. This is the only month in the quarter when the rates of the yellow metal witnessed a declining trend. The drop in the prices of the precious metal was accounted to the spread of Covid - 19 across the world. Gold recorded its highest price for the month on 6th March with every gram costing Rs.4,443 as investors looked forward to the US Federal Reserve slashing the interest rates in order to provide relief to the struggling economy. However, this was short-lived and the rates slipped as countries went into lockdowns to stop the spread of the deadly virus. With there being no trade, investors sold their assets for cash in order to survive in the crashing economy. This meant that the rates of gold dropped to its lowest for the month on 19th March with a gram of the 24-karat gold costing Rs.4,026 per gram. The rates improved slightly after that before dropping again to Rs.4,150 per gram and closing the month at the same price with a decline of -0.83% in the prices.

    Gold as an investment

    Gold is widely sold in the form of bars and coins in Tuticorin. Gold is viewed as a safe hedge against inflation and a conventional form of investment. There is a spurt in the demand for the precious yellow metal during festivals and weddings. Gold is considered auspicious and handed down from generation to generation in Tuticorin.

    Physical Gold: Residents in Tuticorin sell various forms of traditional jewelery which are in demand. Customers can buy gold with hallmark certifications across major jewelry stores in Tuticorin. Bullion bars are also sought-after in Tuticorin as a popular form of investment. Coins are gifted during auspicious occasions.

    Gold contracts: Consumers in Tuticorin invest in gold contracts at Multi Commodity Exchange and National Spot Exchange. The NSE and MCX sell gold contracts with electronic settlement mechanisms. Many prefer investing in commodity futures as they have low brokerage costs compared to stocks. The Forward Markets Commission regulates the said exchanges.

    Also Check Gold Price in NearBy Cities of Tuticorin

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