Gold Rate in Salem

15th Jul 2018

29,730.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Salem is 29730 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold

Rs. 28850

24 Carat Gold

Rs. 29730

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

22-Carat	24-Carat	Change(%)
Yesterday	2885.00	2973.00	0 %
Today	2891.00	2979.00	0 %

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

Gram	24 Carat Gold Yesterday	24 Carat Gold Today	Daily Price Change
1 Gram	Rs 2973.00	Rs 2979.00
8 Gram	Rs 23784	Rs 23832
10 Gram	Rs 29730	Rs 29790
100 Gram	Rs 297300	Rs 297900

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

Gram	22 Carat Gold Yesterday	22 Carat Gold Today	Daily Price Change
1 Gram	Rs 2885.00	Rs 2891.00
8 Gram	Rs 23080	Rs 23128
10 Gram	Rs 28850	Rs 28910
100 Gram	Rs 288500	Rs 289100

Today Gold Rate in Salem

Gold is purchased in Salem mainly for the purpose of jewelry during weddings and other festivities. The demand for gold is more during festivals like Dhanteras and AkshayaTritiya. Besides jewelry, gold is also used to dodge inflation in Salem.

Salem gold rate varies according to many global factors like oil prices, the price of dollar, gold imports and many others. The Gold rates in Salem reached a 4-year low this year and reached a five-year low in the world this year. Today’s gold rate in Salem is not likely to rise in the near future according to financial experts. The reason behind this is the looming hike in interest rates by the US Fed and Greece’s financial crisis.

The maximum demand for gold in Salem is during the wedding season and that too from the rural areas. Crop failure, bad monsoon and a reduction in the rural purchasing power will hit gold sales in Salem.

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

Year

STANDARD GOLD 22K
1 GRAM	10 GRAM

PURE GOLD 24K
1 GRAM	10 GRAM

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

07 July 2018

Rs. 2925.00

Rs. 29250

Rs. 3013.00

Rs. 30130

Comparison of 22 K & 24 K Gold Rates in Salem

Historical Price of Gold Rate in Salem

Trend of Gold Rate in Salem for June 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
Jun 1st Rate	Rs. 2962.00/- per gram	Rs. 3150.00/- per gram
Jun 30th Rate	Rs. 2906.00/- per gram	Rs. 3094.00/- per gram
Highest Jun Rate	Rs. 2970.00/- per gram	Rs. 3158.00/- per gram
Lowest Jun Rate	Rs. 2906.00/- per gram	Rs. 3094.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	1.89 %	1.78 %

Trend of Gold Rate in Salem for May 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
May 1st Rate	Rs. 2966.00/- per gram	Rs. 3154.00/- per gram
May 31st Rate	Rs. 2962.00/- per gram	Rs. 3150.00/- per gram
Highest May Rate	Rs. 3015.00/- per gram	Rs. 3200.00/- per gram
Lowest May Rate	Rs. 2956.00/- per gram	Rs. 3141.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	0.13 %	0.13 %

Trend of Gold Rate in Salem for April 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
Apr 1st Rate	Rs. 2926.00/- per gram	Rs. 3114.00/- per gram
Apr 30th Rate	Rs. 2980.00/- per gram	Rs. 3178.00/- per gram
Highest Apr Rate	Rs. 3003.00/- per gram	Rs. 3192.00/- per gram
Lowest Apr Rate	Rs. 2912.00/- per gram	Rs. 3100.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	-1.85 %	-2.06 %

Trend of Gold Rate in Salem for March 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
Mar 1st Rate	Rs. 2901.00/- per gram	Rs. 3089.00/- per gram
Mar 31st Rate	Rs. 2920.00/- per gram	Rs. 3108.00/- per gram
Highest Mar Rate	Rs. 2957.00/- per gram	Rs. 3145.00/- per gram
Lowest Mar Rate	Rs. 2886.00/- per gram	Rs. 3074.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	-0.65 %	-0.62 %

Trend of Gold Rate in Salem for February 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
Feb 1st Rate	Rs. 2900.00/- per gram	Rs. 3088.00/- per gram
Feb 28th Rate	Rs. 2921.00/- per gram	Rs. 3109.00/- per gram
Highest Feb Rate	Rs. 2949.00/- per gram	Rs. 3137.00/- per gram
Lowest Feb Rate	Rs. 2858.00/- per gram	Rs. 3046.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	-0.72 %	-0.68 %

Trend of Gold Rate in Salem for January 2018 (rates per gram for 22/24 carat gold)

Gold Rates	22 Carat	24 Carat
Jan 2nd Rate	Rs. 2807.00/- per gram	Rs. 2995.00/- per gram
Jan 31st Rate	Rs. 2892.00/- per gram	Rs. 3080.00/- per gram
Highest Jan Rate	Rs. 2926.00/- per gram	Rs. 3114.00/- per gram
Lowest Jan Rate	Rs. 2806.00/- per gram	Rs. 2994.00/- per gram
Overall Performance	Decline	Decline
Percentage Change	-3.03 %	-2.84 %

Gold Price in Salem

Gold price in Salem depends on international factors like import of gold, dollar strength, global oil price among all other reasons. This year particularly, the rate of gold had witnessed a 4-year low in India and a 5-year low worldwide. The experts in the industry claim that the gold prices are unlikely to go higher due to Greece’s default crisis and the increase in the interest rates by the US Fed. Interestingly, rural India shows almost 60% of the demand for imported gold.

What Affects the Gold Rates in Salem?

Gold sales are directly in line with the rural purchasing power. Disasters like a bad monsoon and crop failure drastically affect the demand. Salem is known for its craftsmanship making traditional jewelry. Like other cities, jewelers in Salem also offer hallmarked jewelry and gold articles which are best for all festive occasions.

In What Ways Can Gold be Purchased?

Consumers in Salem buy traditional gold jewelry for festivals and weddings. Salem Gold Price fluctuates especially on auspicious occasions like Akshaya Tritiya and Dhanteras. Gold in Salem can be purchased from retail as coins, bullion, and as ornaments. The precious metal is the preferred choice that is traditionally imposed on generations to be a part of all occasions. Gold is also a safe hedge against inflation other than being a physical asset and is viewed as the safest investment option.

What is an ETF?

Gold exchange traded funds (ETFs) are also a smart way to invest in physical gold. ETFs offer more liquidity with ease of storage. Gold ETFs are, however, on the low side due to prices falling in India as well as worldwide. Salem is seeing a fall in gold rates due to a decrease in demand.