Gold Rate in Coimbatore

Array ( [0] => Array ( [date] => 2017-12-13 [city] => coimbatore [22_c_1_gm] => 2719.00 [24_c_1_gm] => 2907.00 [last_updated] => ) [1] => Array ( [date] => 2017-12-12 [city] => coimbatore [22_c_1_gm] => 2722.00 [24_c_1_gm] => 2910.00 [last_updated] => ) )

13th Dec 2017

29,070.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Coimbatore is 29070 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 27190
24 Carat Gold
Rs. 29070

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

  22-Carat 24-Carat Change(%)
Yesterday 2719.00 2907.00 0 %
Today 2722.00 2910.00 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 2907.00Rs 2910.00
8 Gram Rs 23256Rs 23280
10 Gram Rs 29070Rs 29100
100 Gram Rs 290700Rs 291000

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

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2719.00Rs 2722.00
8 Gram Rs 21752Rs 21776
10 Gram Rs 27190Rs 27220
100 Gram Rs 271900Rs 272200

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
13 December 2017 Rs. 2719.00 Rs. 27190 Rs. 2907.00 Rs. 29070
12 December 2017 Rs. 2722.00 Rs. 27220 Rs. 2910.00 Rs. 29100
11 December 2017 Rs. 2737.00 Rs. 27370 Rs. 2925.00 Rs. 29250
10 December 2017 Rs. 2737.00 Rs. 27370 Rs. 2925.00 Rs. 29250
09 December 2017 Rs. 2727.00 Rs. 27270 Rs. 2915.00 Rs. 29150
08 December 2017 Rs. 2751.00 Rs. 27510 Rs. 2939.00 Rs. 29390
07 December 2017 Rs. 2769.00 Rs. 27690 Rs. 2957.00 Rs. 29570
06 December 2017 Rs. 2779.00 Rs. 27790 Rs. 2967.00 Rs. 29670
05 December 2017 Rs. 2778.00 Rs. 27780 Rs. 2966.00 Rs. 29660
04 December 2017 Rs. 2807.00 Rs. 28070 Rs. 2995.00 Rs. 29950

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.