Gold Rate in Coimbatore
16th Jul 2018
Today MCX gold price in rupees per 10 grams.
Today gold price in Coimbatore is 29730 rupees per 10 grams
(10 grams = 1 tola gold)
22 Carat & 24 Carat Gold Rate in Coimbatore Per Gram (INR)
Today 24 Carat Gold Price per gram in Coimbatore (INR)
|Gram||24 Carat Gold Yesterday||24 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 2973.00||Rs 2973.00|
|8 Gram||Rs 23784||Rs 23784|
|10 Gram||Rs 29730||Rs 29730|
|100 Gram||Rs 297300||Rs 297300|
Today 22 Carat Gold Price per gram in Coimbatore (INR)
|Gram||22 Carat Gold Yesterday||22 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 2885.00||Rs 2885.00|
|8 Gram||Rs 23080||Rs 23080|
|10 Gram||Rs 28850||Rs 28850|
|100 Gram||Rs 288500||Rs 288500|
Today 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.
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
|16 July 2018||Rs. 2885.00||Rs. 28850||Rs. 2973.00||Rs. 29730|
|15 July 2018||Rs. 2885.00||Rs. 28850||Rs. 2973.00||Rs. 29730|
|14 July 2018||Rs. 2891.00||Rs. 28910||Rs. 2979.00||Rs. 29790|
|13 July 2018||Rs. 2891.00||Rs. 28910||Rs. 2979.00||Rs. 29790|
|12 July 2018||Rs. 2915.00||Rs. 29150||Rs. 3003.00||Rs. 30030|
|11 July 2018||Rs. 2915.00||Rs. 29150||Rs. 3003.00||Rs. 30030|
|10 July 2018||Rs. 2924.00||Rs. 29240||Rs. 3012.00||Rs. 30120|
|09 July 2018||Rs. 2924.00||Rs. 29240||Rs. 3012.00||Rs. 30120|
|08 July 2018||Rs. 2924.00||Rs. 29240||Rs. 3012.00||Rs. 30120|
Comparison of 22 K & 24 K Gold Rates in Coimbatore
Historical Price of Gold Rate in Coimbatore
Gold Price 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.
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
- Inflation in the Indian and Global Economy
- The interest rates and Wages
- 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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