Gold Rate in Madurai 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 Madurai 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 Madurai
Digital Gold vs Physical Gold
Taxation on Gold
Checklist Before Buying
2. Compare Making Charges across jewelers in Madurai.
3. Ensure the invoice includes the HUID code for buyback assurance.
Live Gold Price Trends in Madurai per Gram
As of 05 March 2026, the gold rate in Madurai 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 Madurai 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.
Madurai is Tamil Nadu's second-largest gold market, with the jewellery district concentrated around West Masi Street and Puthu Mandapam near the Meenakshi Amman Temple. The temple's religious significance drives an enormous daily footfall of pilgrims who purchase gold as offerings and personal jewellery. Madurai bridal sets are among the heaviest in Tamil Nadu — the local wedding tradition calls for multiple elaborate gold sets. 22K temple jewellery with intricate filigree work is the city's specialty. Navarathri, Akshaya Tritiya, and the Chithirai Festival are peak gold-buying occasions. Gold rates track the Chennai MCX benchmark.
Madurai 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 Madurai determined?
The gold rate in Madurai is influenced by international market prices, the USD to INR exchange rate, and local import duties. Additionally, local jewelry associations in Madurai may adjust rates based on local demand and supply factors.
Is today a good time to buy gold in Madurai?
Gold is a hedge against inflation. If the current live rate in Madurai 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 Madurai?
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 Madurai.
Are gold rates the same across all jewelers in Madurai?
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 Madurai.
Does Madurai have a specific tax on gold?
Gold purchases in Madurai, like the rest of India, attract a standard 3% GST on the value of the gold and the making charges.