Gold Rate in Erode Today (05 March 2026) — 18K, 22K (916 KDM) & 24K
Today's Gold Price by Weight
| Weight | 22K (916) | 24K (999) | 18K (750) |
|---|---|---|---|
| 1 gram | ₹15,120 | ₹16,495 | ₹13,039 |
| 8 grams | ₹1,20,960 | ₹1,31,960 | ₹1,04,312 |
| 10 grams | ₹1,51,200 | ₹1,64,950 | ₹1,30,390 |
| 1 Tola (11.664g) | ₹1,76,360 | ₹1,92,398 | ₹1,52,087 |
| 100 grams | ₹15,12,000 | ₹16,49,500 | ₹13,03,900 |
Disclaimer: Rates are indicative and may vary by jeweller. Making charges, wastage and GST (3%) may apply.
Market Analysis
Today's gold rate in Erode is ₹15,120 per gram for 22k gold. The price has decreased by 0.53% compared to yesterday. Over the last 30 days, the highest recorded rate was ₹15,775 on 1 March and the lowest was ₹14,860 on 23 February. The market has shown high volatility of 6.16% this month.
Gold Investment Guide for Erode
Digital Gold vs Physical Gold
Taxation on Gold
Checklist Before Buying
2. Compare Making Charges across jewelers in Erode.
3. Ensure the invoice includes the HUID code for buyback assurance.
Live Gold Price Trends in Erode per Gram
As of 05 March 2026, the gold rate in Erode is ₹16,495/gram (24K pure) and ₹15,120/gram (22K hallmark jewelry gold). The 18K rate — popular for diamond-studded jewelry — stands at ₹13,039/gram. Over the last 10 days, 22K gold in Erode moved between a low of ₹14,890 and a high of ₹15,775 per gram (1.54% change). All prices are updated 6× daily from the MCX benchmark. Rates are sourced from the MCX benchmark and IBJA daily announcements. Use our free gold calculator to plan your purchase or investment.
Erode is Tamil Nadu's textile and turmeric trading hub, with its gold market active near the bus stand and Brough Road. Textile mill owners and commodity traders in Erode have strong gold investment habits. 22K is universally preferred for jewellery. The city's Bhavani Sangameshwarar Temple attracts pilgrims who purchase gold nearby. Gold rates track the Chennai MCX benchmark, with Erode prices often slightly below Chennai due to lower retail overhead.
Erode gold rate today (05 March 2026): 22K (916 KDM) ₹15,120/g & 24K ₹16,495/g. Updated 6× daily. 10-day trend + free calculator.
Trend
| Date | Price / g | Change / g |
|---|---|---|
| 05 March 2026 | ₹15,120 | -₹80 (-0.53%) |
| 04 March 2026 | ₹15,200 | -₹450 (-2.88%) |
| 03 March 2026 | ₹15,650 | -₹10 (-0.06%) |
| 02 March 2026 | ₹15,660 | -₹115 (-0.73%) |
| 01 March 2026 | ₹15,775 | +₹225 (+1.45%) |
| 28 February 2026 | ₹15,550 | +₹650 (+4.36%) |
| 27 February 2026 | ₹14,900 | -₹20 (-0.13%) |
| 26 February 2026 | ₹14,920 | -₹10 (-0.07%) |
| 25 February 2026 | ₹14,930 | +₹40 (+0.27%) |
| 24 February 2026 | ₹14,890 | +₹30 (+0.20%) |
Gold Rate in Other Cities
FAQ
How is the gold rate in Erode determined?
The gold rate in Erode is influenced by international market prices, the USD to INR exchange rate, and local import duties. Additionally, local jewelry associations in Erode may adjust rates based on local demand and supply factors.
Is today a good time to buy gold in Erode?
Gold is a hedge against inflation. If the current live rate in Erode is lower than the 10-day average, it might be a good entry point. Always check our live 05 March 2026 prices before visiting a jeweler.
What is the difference between 22K and 24K gold in Erode?
24K gold is 99.9% pure and used for investment bars. 22K gold contains 91.6% gold mixed with other metals to make it durable enough for jewelry. The price of 24K is always higher than 22K in Erode.
Are gold rates the same across all jewelers in Erode?
While the base gold rate remains similar, the final price varies due to making charges and wastage fees, which differ from one jewelry showroom to another in Erode.
Does Erode have a specific tax on gold?
Gold purchases in Erode, like the rest of India, attract a standard 3% GST on the value of the gold and the making charges.