Erode
Todays Gold Rate in Erode(22/Oct/2024)
Welcome to Live Erode, your trusted source for the latest gold rates. Stay informed with today’s gold prices in Erode for both 22 Carat (916 KDM hallmark) and 24 Carat gold. Our rates are updated regularly, with comparisons to the previous day’s prices to help you make informed decisions.
Gold Rate per Gram in Erode (INR)
| Date | 1 Gram (22K) | Silver 1 Gram |
|---|---|---|
| 22/Oct/2024 | ₹7,310 (-₹3) | ₹110.50 (+₹0.50) |
| Last Update Time: 9:45 AM |
Detailed Gold Rates in Erode
| Date | Pure Gold (24K) | Standard Gold (22K) |
|---|---|---|
| 1 Gram | ₹7,765 | ₹7,310 |
| 8 Grams | ₹62,120 | ₹58,480 |
Silver Rate in Erode (INR)
| Date | 1 Gram Silver | Ready Silver (1 Kg) |
|---|---|---|
| 22/Oct/2024 | ₹110.50 | ₹110,500.00 |
| 21/Oct/2024 | ₹110.00 | ₹110,000.00 |
10-Day Gold and Silver Rate History in Erode
| Date | 24K (1 Gram) | 24K (8 Grams) | 22K (1 Gram) | 22K (8 Grams) | Silver (1 Gram) |
|---|---|---|---|---|---|
| 22/Oct/2024 | ₹7,780 | ₹62,240 | ₹7,325 | ₹58,600 | ₹110.50 |
| 21/Oct/2024 | ₹7,782 | ₹62,256 | ₹7,327 | ₹58,616 | ₹110.00 |
| 20/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹110.00 |
| 19/Oct/2024 | ₹7,760 | ₹62,080 | ₹7,305 | ₹58,440 | ₹109.50 |
| 18/Oct/2024 | ₹7,720 | ₹61,760 | ₹7,265 | ₹58,120 | ₹109.50 |
| 17/Oct/2024 | ₹7,715 | ₹61,720 | ₹7,260 | ₹58,080 | ₹109.00 |
| 16/Oct/2024 | ₹7,705 | ₹61,640 | ₹7,250 | ₹58,000 | ₹108.00 |
| 15/Oct/2024 | ₹7,695 | ₹61,560 | ₹7,240 | ₹57,920 | ₹108.00 |
| 14/Oct/2024 | ₹7,685 | ₹61,480 | ₹7,230 | ₹57,840 | ₹107.00 |
| 13/Oct/2024 | ₹7,675 | ₹61,400 | ₹7,220 | ₹57,760 | ₹107.00 |
Factors Affecting Gold Rate in Erode
- State and Local Taxes: Tamil Nadu’s local taxes can have a direct impact on the gold price in Erode.
- Jeweler’s Transportation Costs: Costs of transporting gold to jewelers in Erode may also influence the final price.
- Making Charges: Jewelers in Erode often add making charges, which can vary, impacting the total price.
- Global Market Trends: International market trends, fluctuations in the USD-INR exchange rate, and local supply-demand conditions can cause gold rate changes in Erode. Additionally, seasonal factors such as festivals and wedding demand can impact prices.
Buying Gold in Erode: Investment vs. Jewelry
Gold as an Investment: Gold is considered a stable investment in Erode, often used as a hedge against inflation. It’s advisable to monitor today’s gold rate in Erode before purchasing gold for investment purposes.
Gold Coins: Several banks and private sellers in Erode offer certified gold coins. While purity is assured, buyback options and policies may differ, so it’s essential to compare before buying.
22K vs. 24K Gold: What’s the Difference?
- 24 Karat Gold: Contains 99.9% pure gold and is often used for gold coins or bars, making it a preferred investment form.
- 22 Karat Gold: Comprising 92% pure gold mixed with other metals like copper or silver, it’s more durable and is typically used for making gold jewelry.
Tips to Get the Best Gold Rate in Erode
- Check Regular Updates: Follow reliable sources like Live Erode for the latest gold price updates.
- Compare Across Jewelers: Always compare gold rates at various shops in Erode before making a purchase.
- Buy Hallmarked Jewelry: Ensure that the jewelry is hallmarked for purity assurance.
- Prefer Plain Gold for Investment: For investment purposes, plain gold jewelry or coins offer better resale value than studded items.
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