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Gold Rate Today in Karaikudi
gold rate in Karaikudi

24K Gold/ 10gm
₹54,970.00
0(0.00%)
22K Gold/ 10gm
₹50,391.00
0(0.00%)

Last updated on: 8th Mar 2023

Karaikudi is a city in the state of Tamil Nadu, India. The city has a rich cultural heritage and a long history of gold trading and investment. Residents of Karaikudi can buy and sell physical gold, including bullion bars, coins, and jewelry, at multiple gold shops and jewelry stores in the city. Additionally, financial institutions in Karaikudi offer gold investment options such as gold savings accounts, gold ETFs, and gold bonds. Gold is a popular investment option due to its stability and potential for appreciation.

Gold Rate Comparison - 22K vs 24K

Taxes on Gold in Karaikudi

The price of gold in Karaikudi contains the following taxes:

  1. Import Duty: An import duty of 12.5% is charged on gold imported into the country.
  2. Agriculture Infrastructure Development Cess: 2.5% of AIDC is charged on imported gold. 
  3. GST: The GST rate on gold is 3%
  4. GST on making charges: When the physical gold is made into jewellery, it attracts making charges. A GST rate of 5% is to be paid on these making charges.
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Today's 22K & 24K Gold Rates Per Gram in Karaikudi

24K
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GramYesterdayToday
1 gram
₹5,497.00
-5 (0.09%)
₹5,497.00
0 (0.00%)
8 grams
₹43,976.00
-40 (0.09%)
₹43,976.00
0 (0.00%)
10 grams
₹54,970.00
-50 (0.09%)
₹54,970.00
0 (0.00%)
100 grams
₹5,49,700.00
-500 (0.09%)
₹5,49,700.00
0 (0.00%)
GramYesterdayToday
1 gram
₹5,497.00
-5 (0.09%)
₹5,497.00
0 (0.00%)
8 grams
₹43,976.00
-40 (0.09%)
₹43,976.00
0 (0.00%)
10 grams
₹54,970.00
-50 (0.09%)
₹54,970.00
0 (0.00%)
100 grams
₹5,49,700.00
-500 (0.09%)
₹5,49,700.00
0 (0.00%)

Gold Purity in Karaikudi

You can verify the purity of gold through the hallmark given by the Bureau of Indian Standards (BIS). If you are looking to buy gold in Karaikudi, check the hallmark before buying it. 

All registered jewellers are required to stamp gold articles with the hallmark and the gold karats. There are chances of being defrauded in the purchase of un-hallmarked gold. 

The purity of gold is measured in karats. 

24-karat gold is the purest form, containing 100% gold. However, it is hard to make jewellery with it because it is soft. So usually, 22-karat gold is used to make gold jewellery. This contains 22 parts gold and 2 parts alloys of copper, silver, nickel, and zinc. It is also called 916 gold, as it is equivalent to 91.6% gold. The price of 916 gold is calculated by multiplying 0.916 by the price of 24 karat gold. Further, 14 and 18-karat gold is used to make designer jewellery.

Historical Gold Rate in Karaikudi for Last 10 Days

10 grams
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Day24K Gold22K Gold
09 Mar 2023
₹54,970.00
0 (0.00%)
₹50,391.00
0 (0.00%)
08 Mar 2023
₹54,970.00
-50 (0.09%)
₹50,391.00
-45.83 (0.08%)
07 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
06 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
05 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
04 Mar 2023
₹55,020.00
-30 (0.05%)
₹50,436.83
-27.50 (0.05%)
03 Mar 2023
₹55,050.00
+80 (0.15%)
₹50,464.33
+73.34 (0.12%)
02 Mar 2023
₹54,970.00
+300 (0.55%)
₹50,391.00
+275.01 (0.46%)
01 Mar 2023
₹54,670.00
+60 (0.11%)
₹50,115.99
+55 (0.09%)
28 Feb 2023
₹54,610.00
-100 (0.18%)
₹50,060.99
-91.67 (0.15%)
Day24K Gold22K Gold
09 Mar 2023
₹54,970.00
0 (0.00%)
₹50,391.00
0 (0.00%)
08 Mar 2023
₹54,970.00
-50 (0.09%)
₹50,391.00
-45.83 (0.08%)
07 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
06 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
05 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
04 Mar 2023
₹55,020.00
-30 (0.05%)
₹50,436.83
-27.50 (0.05%)
03 Mar 2023
₹55,050.00
+80 (0.15%)
₹50,464.33
+73.34 (0.12%)
02 Mar 2023
₹54,970.00
+300 (0.55%)
₹50,391.00
+275.01 (0.46%)
01 Mar 2023
₹54,670.00
+60 (0.11%)
₹50,115.99
+55 (0.09%)
28 Feb 2023
₹54,610.00
-100 (0.18%)
₹50,060.99
-91.67 (0.15%)
Day24K Gold22K Gold
09 Mar 2023
₹54,970.00
0 (0.00%)
₹50,391.00
0 (0.00%)
08 Mar 2023
₹54,970.00
-50 (0.09%)
₹50,391.00
-45.83 (0.08%)
07 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
06 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
05 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
04 Mar 2023
₹55,020.00
-30 (0.05%)
₹50,436.83
-27.50 (0.05%)
03 Mar 2023
₹55,050.00
+80 (0.15%)
₹50,464.33
+73.34 (0.12%)
02 Mar 2023
₹54,970.00
+300 (0.55%)
₹50,391.00
+275.01 (0.46%)
01 Mar 2023
₹54,670.00
+60 (0.11%)
₹50,115.99
+55 (0.09%)
28 Feb 2023
₹54,610.00
-100 (0.18%)
₹50,060.99
-91.67 (0.15%)
Day24K Gold22K Gold
09 Mar 2023
₹54,970.00
0 (0.00%)
₹50,391.00
0 (0.00%)
08 Mar 2023
₹54,970.00
-50 (0.09%)
₹50,391.00
-45.83 (0.08%)
07 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
06 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
05 Mar 2023
₹55,020.00
0 (0.00%)
₹50,436.83
0 (0.00%)
04 Mar 2023
₹55,020.00
-30 (0.05%)
₹50,436.83
-27.50 (0.05%)
03 Mar 2023
₹55,050.00
+80 (0.15%)
₹50,464.33
+73.34 (0.12%)
02 Mar 2023
₹54,970.00
+300 (0.55%)
₹50,391.00
+275.01 (0.46%)
01 Mar 2023
₹54,670.00
+60 (0.11%)
₹50,115.99
+55 (0.09%)
28 Feb 2023
₹54,610.00
-100 (0.18%)
₹50,060.99
-91.67 (0.15%)

Alternatives to Gold Jewellery in Karaikudi

When using gold jewellery as an investment in that you end up paying 'making charges' which are not recovered on the sale of the very same articles. Consequently, the profitability of gold declines. Therefore, you can choose to invest in different alternatives as discussed below:

  1. Gold biscuits or coins: Importing more and more gold (physical forms like coins and biscuits) into the country could lead to a widening trade balance between imports and exports. This in turn could lead to depreciation in the rupee. Also, there is the cost of storing it securely. 
  2. Sovereign Gold bonds: Various gold bonds are issued from time to time by the Reserve Bank of India. These bonds are denominated in grams of gold. The owner receives an interest payment of 2.5% on a semi-annual basis. At maturity, the bond can be redeemed at the then price of 24-karat gold. 
  3. Gold ETFs: You can invest in a gold ETF which is issued by various fund houses. Through these, you can even invest in decimals of gold quantity such as 0.02 grams, etc. These ETFs are 100% backed by physical gold. 
  4. Gold Futures: These are gold derivatives that can be traded on exchanges. 

Factors Impacting Gold Rates in Karaikudi

Like the rest of India, gold rates in Karaikudi depend on various factors. Here are the factors impacting the gold rate in Karaikudi: 

  • Global demand and supply fluctuations also impact gold prices in Bhilai. 
  • Most of the Indian gold demand is met through imports. Therefore, changes in rupee value compared to the US dollar and other currencies cause a movement in the price of gold in Karaikudi.
  • The price of gold in Karaikudi also includes customs duties and banker's and dealer's margins. A government announcement changing these duties will impact the prices of gold. 
  • Gold prices vary from one state to another based on the following:
  • Cost of transporting gold
  • Security protocols followed by the state
  • Gold surges in value when the stock market falls. Similarly, an increase in inflation also causes gold prices to go up. This is because gold is seen as a safe haven when the economy is volatile. 
  • Further, festive seasons such as the period around Diwali and Dhanteras, witness an increased demand for gold in Bhilai and India in general. This also causes the prices to go up.
  • Periods of increasing interest rates also see a fall in gold prices as people prefer to invest in high-interest-rate paying instruments instead of gold.

FAQs of Gold Rate in Karaikudi

How to check the purity of different karats of gold

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Karat is the amount of gold per 24 parts of it. That is, 22 karat gold is 22 karats of pure gold in 24 karats of metal. The purity hence would be 22/24=91.6%

Similarly, 18 karat is 75% pure, and 14 karat is 58.3% pure. 

Should I  buy un-hallmarked gold?

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What is KDM gold? How does it differ from hallmarked gold?

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What returns do I get from investing in a gold bond?

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sovereign gold bonds

Sovereign Gold Bond

2.5% p.a. + Gold price increase

  • RBI issued bonds
  • Best deals filtered for you
  • Tax exempted when held till maturity
Gold Rate Calculator

Location

Weight

Purity of Gold
Price

₹54,970 / 10gm

Last updated on: 8th Mar 2023

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.