24K Gold Price Trend in Erode This week

Select city:
Trend graph
Low: ₹16,495High: ₹17,084
₹17,172₹16,981₹16,790₹16,598₹16,40702 March 202605 March 2026
DatePrice / gChange / g
05 March 2026₹16,495-₹87 (-0.52%)
04 March 2026₹16,582-₹491 (-2.88%)
03 March 2026₹17,073-₹11 (-0.06%)
02 March 2026₹17,084-₹125 (-0.73%)

Today’s prices

Updated: 06 Mar 2026, 01:37
22K Gold
₹0 (+0.00%)
₹15,120 / g
10g: ₹1,51,200
24K Gold
₹0 (+0.00%)
₹16,495 / g
10g: ₹1,64,950
18K Gold
₹0 (+0.00%)
₹13,039 / g
10g: ₹1,30,390

Today's Gold Price by Weight

Weight22K (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.

Gold Investment Guide for Erode

Digital Gold vs Physical Gold
In Erode, you can buy physical gold from local jewelers or digital gold through apps. Physical gold incurs making charges (8-25%), while digital gold is pure 24K investment with no making charges, stored in insured vaults.
Taxation on Gold
Gold jewelry purchases attract 3% GST. If you sell physical gold within 3 years, Short Term Capital Gains (STCG) tax applies. After 3 years, Long Term Capital Gains (LTCG) tax is applicable at 20% with indexation benefits.
Checklist Before Buying
1. Check the BIS Hallmark (Triangle + Purity + 6-digit code).
2. Compare Making Charges across jewelers in Erode.
3. Ensure the invoice includes the HUID code for buyback assurance.

This week Price Range and Volatility for 24K Gold in Erode

During this This week in Erode, 24K gold prices ranged between ₹16,495 and ₹17,084 per gram. This summary provides Erode residents a clear view of the market direction beyond daily noise.

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.

Live analysis of 24K gold prices This week in Erode. Compare highest and lowest rates reached with daily volatility charts.

Gold Rate in Other Cities

FAQ

How does the This week average compare to last month in Erode?

This This week has seen a 3.57% change compared to the previous cycle in Erode, reflecting current global market shifts.

When was the lowest price recorded in Erode this This week?

The lowest 24K gold price in Erode during this This week was ₹16,495 per gram.

Is it better to buy gold weekly or monthly in Erode?

For small buyers in Erode, weekly SIPs (Systematic Investment Plans) help average out the cost during volatile periods.