Last updated on: 3th Feb 2023 10:00 AM
Coimbatore is the third-largest city in southern India and is situated in Tamil Nadu. It is a major commercial and industrial hub and is often referred to as the “Manchester of South India” or “The textile capital of South India”. The city enjoys a high standard of living since it is home to some of the largest textile and industrial businesses.
Indians choose gold as an investment because they see it as a symbol of wealth and prosperity. Like other major cities, Coimbatore has also experienced a continuous rise in gold consumption. If you are planning to buy gold in Coimbatore, it is essential to know the current gold rates in Coimbatore.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,749.00 0.00 (0.00%) | ₹5,749.00 0.00 (0.00%) |
8gm | ₹45,992.00 0.00 (0.00%) | ₹45,992.00 0.00 (0.00%) |
10gm | ₹57,490.00 0.00 (0.00%) | ₹57,490.00 0.00 (0.00%) |
100gm | ₹5,74,900.00 0.00 (0.00%) | ₹5,74,900.00 0.00 (0.00%) |
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,749.00 121.00 (2.15%) | ₹5,475.00 115.00 (2.15%) |
01 Feb 2023 | ₹5,628.00 23.00 (0.42%) | ₹5,360.00 22.00 (0.42%) |
31 Jan 2023 | ₹5,605.00 -13.00 (-0.23%) | ₹5,338.00 -12.00 (-0.22%) |
30 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,618.00 0.00 (0.00%) | ₹5,350.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,618.00 6.00 (0.11%) | ₹5,350.00 5.00 (0.10%) |
27 Jan 2023 | ₹5,612.00 -37.00 (-0.65%) | ₹5,345.00 -35.00 (-0.65%) |
26 Jan 2023 | ₹5,649.00 37.00 (0.66%) | ₹5,380.00 35.00 (0.66%) |
Taxes can have a significant impact on gold rates. For example, if taxes on gold are increased, the price of gold will likely increase as well.
With the implementation of the Goods and Services Tax (GST) in 2017, gold prices have increased. Now, you have to pay a 3% GST on the gold price and an additional 5% on the making charges of converting raw gold into jewellery.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5628 | 5360 |
05 February 2023 | 0 | 0 |
Highest | 5749 | 5475 |
Lowest | 5628 | 5360 |
Physical gold is the most common way that people buy gold in Coimbatore. While some might favour buying gold jewellery for occasions such as weddings, many also invest in gold bars and coins.
There are several new alternatives to investing in gold in Coimbatore, which prevent the hassle of storing physical gold and keeping it safe against theft or loss. Some of those are as follows:
What are the different purity levels of gold?
Which is better - 22K or 24K gold?
What taxes do I have to pay on my gold purchase?
How do gold ETFs and gold mutual funds differ?
gold rates in Popular cities of India
Gold rate in Mumbai