Gold Rate In Nagercoil Today

Gold Rate Trend in Nagercoil from January 2025 to March 2025 (per gram of 24 karat gold) 

Quarterly Gold Rate in Nagercoil from January 2025 to March 2025 

1. The price of 24-karat yellow gold in Nagercoil opened for the month of January 2025 at Rs.7,508 per gram and ended the month at Rs.8,117 per gram on 1st and 31st January, respectively. On 31st January, the price of gold peaked at Rs.8,117 per gram. On 1st January 24-karat gold hit its lowest price of Rs.7,508. With a percentage change of 8.11%, the gold rate in Nagercoil showed an upward pattern.  

1. The 24-karat gold rate for the second month of the quarter of 2025 opened at Rs.8,132 per gram on 1st   February and finished at Rs.8,358 per gram on 28th February. The price of the valuable yellow metal fluctuated a lot in Nagercoil during February, reaching its lowest point on 3rd February at Rs.8,090 per gram, and highest price reached on 25th February, at Rs.8,479 per gram. Overall, the city's gold rates for the month showed an upward trend. The recorded change as a percentage was 2.78%.  

1. The price of gold in Nagercoil in March 2025 started the month at Rs.8,337 per gram and closed the month on 31st March at Rs.8,846 per gram. The price of the valuable yellow metal increased by 6.11% over the month, peaking on 31st March, at Rs.8,846 per gram. The lowest price of the precious yellow metal was recorded on 1st to 3rd March 2025, with 24-karat gold trading at Rs.8,337 per gram. 

Gold Rate Trend in Nagercoil from April 2024 to June 2024

Gold Rate Trend in Nagercoil from January 2024 to March 2024 

Investment in Gold in Nagercoil

Monetisation of gold and other schemes offered by the government of India aim to mobilise around 2000 tonnes of gold lying in Indian household. But in India, gold also has a more important role in terms of aesthetic value. That has kept the common sentiment of buying gold jewellery alive in Nagarcoil. For the more trendy ones, schemes pertaining to gold can be availed at all major and minor banks in Nagarcoil. Gold investment in Nagercoil has traditional methods of buying jewellery and ornaments as well as paper gold. The frequent methods for doing so are mentioned below.

Commercial and Personal Gold

Commercial and personal gold investment has options like coins, jewellery, bars and industrial bulk purchase. Physical gold is the key here and occupies a position of importance. In Nagarcoil, while industrial purchase happens throughout the year, personal purchase of gold is limited to times of festivities and occasions.

Gold through Market Trade

Paper gold, sovereign gold bonds, exchange traded futures are some of the variants of gold that can be available at banks and people with online access can easily invest in such options through an easy online process. These options are available online with most banks in Nagercoil. Trading in gold on the National Stock Exchange and Bombay Stock Exchange is also a way to reap the monetary benefits of the yellow metal, but it requires a huge amount of investment.

As with the rest of India, two popular variants of gold are available in Nagarcoil. These are the 24 karat and 22 karat variants. While the 24 karat variant boasts of a greater purity at 98% gold in the mix, the 22 karat variant has 94% of the yellow metal in it.

A preference exists for the 24 karat gold in crafting jewellery and ornaments but unfortunately, due to its softness and extreme malleability, it has to be used in conjunction with other metals to be strong enough that it can withstand daily wear and tear. 22 karat gold, the lesser sibling is used for jewellery as well and for some high grade consumer electronics like monitoring headphones and amplifiers. The variants of 18 karat and 14 karat gold are used mostly in industrial applications, though one can even find jewellery made of them. The rates of gold in Nagercoil are directly related to supply and demand, while market trends and taxes and duties increase the rates in India. Based on a gram's value of gold, there is not much noticeable difference in the rates overseas and the rates prevalent in Nagarcoil.

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