24K price performance
▲ Up ₹680.24 (+4.5%) over 31 days
Erode, Tamil Nadu, India
Gold Price
24K per gram
₹15,818.00
22K per gram
₹14,500.00
18K per gram
₹12,180.00
Last rate update: Mon, Jun 1, 2026 10:03 AM
Calculation output
| Line item | Value |
|---|---|
| Rate per gram | ₹15,818.00 |
| Weight in grams | 10.000 |
| Gold value | ₹1,58,180.00 |
| Chargeable weight | 10.000 |
| Making charge | ₹0.00 |
| GST amount | ₹4,745.40 |
| Total | ₹1,58,180.00 |
Recent rate history
| Date | Avg Price | Status |
|---|---|---|
| Jun 01, 2026 | ₹15,953.24 | Verified |
| May 31, 2026 | ₹15,960.00 | Verified |
| May 30, 2026 | ₹15,949.33 | Verified |
| May 29, 2026 | ₹15,889.04 | Verified |
| May 28, 2026 | ₹15,877.32 | Verified |
| May 27, 2026 | ₹16,014.63 | Verified |
| May 26, 2026 | ₹16,088.48 | Verified |
| May 25, 2026 | ₹16,104.11 | Verified |
| May 24, 2026 | ₹16,069.00 | Verified |
| May 23, 2026 | ₹16,086.19 | Verified |
In Erode, Tamil Nadu, as of 14 May 2026, gold prices for 24-karat purity stand at approximately ₹16,418 per gram. Prices for 22-karat and 18-karat gold are ₹15,050 and ₹12,570 respectively. Gold prices in Erode have experienced fluctuations over recent weeks, influenced by global market trends and local demand. The recent historical data indicates a steady upward trend, with notable increases around mid-May. Understanding these rates is essential for buyers and investors in Erode, whether purchasing jewelry, bars, or coins. Local market conditions, purity levels, and current rates should all be considered when making a transaction. Staying informed about daily price movements can help you make timely and informed decisions, especially in a city like Erode, known for its vibrant gold jewelry industry. Always verify the latest rates before buying or selling to ensure you get the best value in this dynamic market environment.
Market
Market pulse
Gold prices in Erode have shown resilience with a recent upward trend, reaching over ₹16,387 for 24K gold as of mid-May 2026. The global economic outlook and local demand continue to influence prices, making it a crucial time for buyers and investors to stay alert. Short-term fluctuations are common, so monitoring daily updates can help optimize purchase timing. Despite market volatility, gold remains a popular choice for wealth preservation and jewelry in Tamil Nadu, especially in Erode's bustling gold trade scene. Keep an eye on market movements and local trends to navigate this evolving landscape effectively.
Guide
Buyer playbook
To make informed gold transactions in Erode, start by researching current rates for different purities, such as 24K, 22K, and 18K, which are available at ₹16,418, ₹15,050, and ₹12,570 respectively as of 14 May 2026. Always verify the purity of the gold through official markings and ensure you're purchasing from reputable dealers. Compare prices across multiple vendors in Erode to get the best deal, and inquire about additional costs like making charges or taxes. When buying jewelry, consider the craftsmanship and design alongside the gold content. For investments, opt for recognized bars or coins with proper certification. Keep records of your purchase receipts and purity certificates for future reference. Staying informed about market trends and price movements can help you time your purchases effectively and avoid overpaying.
Checklist
Local buying checklist
- Verify current rates.
- Check purity markings.
- Confirm dealer reputation.
- Compare prices from multiple vendors.
- Review additional costs like making charges.
- Keep purchase receipts and certificates.
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FAQ
Frequently asked questions
What is the current price of 24K gold in Erode?
As of 14 May 2026, the price of 24K gold in Erode is approximately ₹16,418 per gram.
How can I verify the purity of gold in Erode?
Check for official purity markings and certificates provided by reputable dealers to ensure authenticity.
Are there any additional costs when buying gold in Erode?
Yes, additional costs may include making charges, taxes, or dealer fees. Always inquire about these before purchasing.
Is it better to buy gold jewelry or bars in Erode?
It depends on your purpose; jewelry offers craftsmanship and design, while bars and coins are typically preferred for investment due to their purity and ease of resale.
How often do gold prices change in Erode?
Gold prices fluctuate frequently, often daily, influenced by global markets and local demand. Monitoring daily updates can help you make timely decisions.
Where should I buy gold in Erode?
Purchase from reputable, licensed dealers with good reviews to ensure authenticity and fair pricing.