Gold Rate in Coimbatore

24th Feb 2018

30,960.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Coimbatore is 30960 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 29090
24 Carat Gold
Rs. 30960

22 Carat & 24 Carat Gold Rate in Coimbatore Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 2909.00 3096.00 0 %
Today 2909.00 3096.00 0 %

Today 24 Carat Gold Price per gram in Coimbatore (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 3096.00Rs 3096.00
8 Gram Rs 24768Rs 24768
10 Gram Rs 30960Rs 30960
100 Gram Rs 309600Rs 309600

Today 22 Carat Gold Price per gram in Coimbatore (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2909.00Rs 2909.00
8 Gram Rs 23272Rs 23272
10 Gram Rs 29090Rs 29090
100 Gram Rs 290900Rs 290900

Gold Rate In Coimbatore

Coimbatore is the Second largest state in Tamil Nadu, India. A fastest growing tier 2 city, Coimbatore is the place where big textile and manufacturing industries have set up shop. The standard of living is high. The people living here, like their counterparts in other parts of India, have a soft corner for Gold investments.

Gold Rate in Coimbatore

Coimbatore Gold rates have had minor fluctuations, but it has not affected the demand drastically.

March 2017 Scenario

In March 2017, the 24 carat gold prices per gram was highest in the first week. It dipped minimally in the second week. In the third week, customers rejoiced as the dip in prices was more per gram. This raised the demand, and the price of Gold stabilized been stable again.

24 carat the gold rate today (30th March 2017) in Coimbatore reflects the March last week price.

22 & 24 Carat Gold Rate in Coimbatore for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
24 February 2018 Rs. 2909.00 Rs. 29090 Rs. 3096.00 Rs. 30960
23 February 2018 Rs. 2909.00 Rs. 29090 Rs. 3096.00 Rs. 30960
22 February 2018 Rs. 2912.00 Rs. 29120 Rs. 3099.00 Rs. 30990
21 February 2018 Rs. 2927.00 Rs. 29270 Rs. 3114.00 Rs. 31140
20 February 2018 Rs. 2936.00 Rs. 29360 Rs. 3124.00 Rs. 31240
19 February 2018 Rs. 2949.00 Rs. 29490 Rs. 3137.00 Rs. 31370
18 February 2018 Rs. 2949.00 Rs. 29490 Rs. 3137.00 Rs. 31370
17 February 2018 Rs. 2940.00 Rs. 29400 Rs. 3128.00 Rs. 31280
16 February 2018 Rs. 2925.00 Rs. 29250 Rs. 3113.00 Rs. 31130
15 February 2018 Rs. 2889.00 Rs. 28890 Rs. 3077.00 Rs. 30770

Comparison of 22 K & 24 K Gold Rates in Coimbatore

Historical Price of Gold Rate in Coimbatore

Gold Rates in Coimbatore

From October 2016 to March 2017, gold price in Coimbatore has been rather unstable. The government’s decision to rid the country of black money hasn’t had a very good but profound, effect on the gold prices in Coimbatore.

Overview

The gold price in Coimbatore, after the prime minister's demonetization effort, was Re 3100/g for 24K gold. It seems that there is a negative correlation between the demonetization scheme and Coimbatore’s gold price. The following months of November and December saw little improvement; while November saw a relatively the same price, December hit a new low with a price of Re 2700/g for 24K gold. Finally, January saw a boost as the prices came back around Re 3000/g, extrapolating from the trend of February and March, the trends are somewhat stabilized. 

Factors affecting the gold rate

  1. Inflation in the Indian and Global Economy
  2. The interest rates and Wages
  3. Activities of RBI (e.g., printing of money)

The current gold price in Coimbatore is approximately Re 3000/g of 24K gold, in the first week of April 2019. Given the staggering linear rates of gold in Coimbatore (from February 2017 to the first week of April 2017) the gold prices have not experienced a major shift, in Coimbatore.

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