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Gold Price In Salem Today

All over the world, people love to wear gold ornaments such as bangles, rings, necklaces, bracelets, and much more on both normal days and special occasions. Some people buy this precious element because of their fondness, however, others may purchase it for an investment. If you’re planning to buy then continue reading and find out the gold rate in Salem today.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹57,600₹62,740
Kurnool ₹57,600₹62,740
Kakinada ₹57,600₹62,740
Proddatur ₹57,600₹62,740
Nellore ₹57,600₹62,740
Visakhapatnam ₹57,600₹62,740
Vijayawada ₹57,600₹62,740
Ranchi ₹57,650₹62,790
Patna ₹57,650₹62,790
Kolhapur ₹57,600₹62,740
Nanded ₹57,600₹62,740
Ahmednagar ₹57,600₹62,740
Latur ₹57,600₹62,740
Amravati ₹57,600₹62,740
Solapur ₹57,600₹62,740
Jalgaon ₹57,600₹62,740
Thane ₹57,600₹62,740
Nashik ₹57,630₹62,770
Nagpur ₹57,600₹62,740
Pune ₹57,600₹62,740
Kolkata ₹57,600₹62,740
Kozhikode ₹57,600₹62,740
Thrissur ₹57,600₹62,740
Kochi ₹57,600₹62,740
Varanasi ₹57,750₹62,890
Ghaziabad ₹57,750₹62,890
Jhansi ₹57,750₹62,890
Gorakhpur ₹57,750₹62,890
Allahabad ₹57,750₹62,890
Meerut ₹57,750₹62,890
Lucknow ₹57,750₹62,890
Udaipur ₹57,750₹62,890
Jodhpur ₹57,750₹62,890
Jaipur ₹57,750₹62,890
Khammam ₹57,600₹62,740
Nizamabad ₹57,600₹62,740
Karimnagar ₹57,600₹62,740
Hyderabad ₹57,600₹62,740
Ambala ₹57,750₹62,890
Gurgaon ₹57,750₹62,890
Faridabad ₹57,750₹62,890
Delhi ₹57,750₹62,890
Karur ₹57,600₹62,740
Kumbakonam ₹57,600₹62,740
Hosur ₹57,600₹62,740
Nagercoil ₹57,600₹62,740
Erode ₹57,600₹62,740
Salem ₹57,600₹62,740
Madurai ₹58,100₹63,380
Coimbatore ₹58,100₹63,380
Chennai ₹58,100₹63,380
Chandigarh ₹57,750₹62,890
Bhubaneswar ₹57,600₹62,740
Ratlam ₹57,650₹62,790
Jabalpur ₹57,650₹62,790
Raipur ₹57,750₹62,890
Indore ₹57,650₹62,790
Bhopal ₹57,650₹62,790
Shimoga ₹57,600₹62,740
Udupi ₹57,600₹62,740
Gulbarga ₹57,600₹62,740
Belgaum ₹57,600₹62,740
Mangalore ₹57,600₹62,740
Mysore ₹57,600₹62,740
Bangalore ₹57,600₹62,740
Shimla ₹57,750₹62,890
Jammu ₹57,750₹62,890
Ludhiana ₹57,750₹62,890
Amritsar ₹57,750₹62,890
Surat ₹57,650₹62,790
Ahmedabad ₹57,650₹62,790
22-Feb-2024
Gold Price in Salem
₹62,740/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹57,600₹62,740+12.22%
Yesterday₹53,250₹55,9100.0%
Above Price as per 10 gm
gold_img
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Today 22 Carat Gold Rate in Salem

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,000+8.17%
Yesterday Price₹5,325₹42,600₹53,250₹5,32,5000.0%

Today 24 Carat Gold Rate in Salem

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,274₹50,192₹62,740₹6,27,400+12.22%
Yesterday Price₹5,591₹44,728₹55,910₹5,59,1000.0%

Best Places To Buy Gold In Salem

Listed below are some of the places to buy gold in Salem:

  • Malabar Gold & Diamonds:

Established in 1993, Malabar Gold & Diamonds has broadened its presence in 10 countries across the world. With the love and trust of their customers, they have immensely grown in numbers. You can visit their jewellery showroom in Salem and buy premium-quality gold.

  • Sri Swarna Vasavi Store:

If you want to buy exquisite ornaments at the lowest gold price, then you take a visit to Sri Swarna Vasavi Store located in Salem, Tamil Nadu. Providing 916 BIS Hallmark gold jewellery and customer satisfaction is their utmost priority.

  • Tanishq Jewellery:

Building long-term relationships with their customers by providing a collection of premium-quality and amusing gold ornaments is the culture of Tanishq Jewellery. Hence, you can trust their 28 years of experience in the industry to invest in gold jewellery.

  • ANS Kumbakonam Jewellers:

The first store of ANS Kumbakonam Jewellers was opened in 1928. Since then they are leading the jewellery business industry. You can either visit their jewellery store in Salem or enquire about their products online via their website.

  • Salem Silver Palace:

Salem Silver Palace is the leading gold jewellery seller in Salem, Tamil Nadu. You can visit their store from Monday to Saturday anytime between 10:00 A.M. to 8:00 P.M. and invest your hard-earned money in alluring jewellery.

  • NFBCs:

You can also count on NFBCs such as Muthoot Finance Gold Loans, HDB Finance Services, and others to buy the gold.

Gold Rate / 10g in Salem for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
22-Feb-2024₹57,600+4350.0₹62,740
21-Feb-2024₹53,250+0.0₹55,910
20-Feb-2024₹53,250+5323.0₹55,910
19-Feb-2024₹47,927+0.0₹52,285
18-Feb-2024₹47,927+0.0₹52,285
17-Feb-2024₹47,927+0.0₹52,285
16-Feb-2024₹47,927+0.0₹52,285
15-Feb-2024₹47,927+0.0₹52,285
14-Feb-2024₹47,927+0.0₹52,285
13-Feb-2024₹47,927+0.0₹52,285
12-Feb-2024₹47,927+0.0₹52,285
11-Feb-2024₹47,927+0.0₹52,285

Historical Gold Rates in Salem

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480

Gold As An Investment

Gold is a precious metal adored by people in every city across India, including Salem. Have you ever seen any kind of traditional gold jewellery at your home? Did you ever wonder why people for ages are investing in gold? Let’s find out!

Some of the reasons why gold is considered a popular investment option are mentioned below:

  • Can Travel With You Anywhere:

You can carry gold anywhere across the world safely with your luggage. Unlike other investments, gold can fit in a little area and doesn’t require high maintenance. Hence, you can earn maximum profits by investing in gold from different cities, where the gold price is low.

  • Perpetual Asset:

Remember the traditional gold ornaments that your mother wears on special occasions? Same quality and increased value! This means that investing in gold is a long-term investment option that will neither fade away with time nor will lose its value.

  • Persistent Wealth Creation:

The price of gold in Salem today may not be the same in the long run. Due to many factors, the gold rate fluctuates and commonly increases. Thus, people buy gold at the time of deflation and earn profits by selling it when the prices are at their peak.

  • Financial Security:

As gold has the power to beat inflation, people invest in gold to meet their unexpected financial emergencies in the future. At the time of requirement, you can sell the purchased gold at the maximum value and meet your finance-related needs.

Things To Remember While Buying Gold In Salem

Following are the factors that you should consider while purchasing gold in Salem:

  • Check Its Purity:

While purchasing the gold you should always check its purity. You can search for the hallmark certification provided by the Bureau of Indian Standards (BIS) to check the purity of the gold.

  • Check Today’s Gold Rate:

A bit of fluctuation in the gold price can help you in making a wise investment. Hence, it is always advisable to check the gold rate in Salem today before visiting a jewellery store.

  • Compare Making Charges:

While buying the gold, you should always compare the making charges of different gold-sellers as it will directly affect your overall purchase.

  • Check Ratings & Reviews of Jeweller:

Before buying gold in Salem, explore the reviews and ratings of the jewellers to compare and buy from a trustable jewellery store.

Factors Which Affect Gold Price In Salem

Due to its continuous increase in prices, gold has become a popular investment. But do you know why the price of gold keeps on fluctuating? Let’s look at some of the reasons which affect the price of gold in Salem in the below section.

  • Increase In Prices Of Other Commodities:

The price of gold significantly increases with the rise in prices of other goods and services. Thus, the inflation period directly affects the gold rate because the value of the currency decreases.

  • Government Holdings:

Along with currency, the Reserve Bank Of India (RBI) also reserve gold. When the RBI purchases gold in high quantity, the cash flow in the market increases despite a shortage of gold. Hence, this will ultimately lead to an increase in the gold price.

  • Impact Of US Dollar:

A fall in the value of the rupee will affect the demand for gold in India. Hence, a rise in the value of the US dollar will decrease the gold value in India because of a hike in prices.

  • Cultural And Traditional Purchases:

Mostly Indian families invest in gold at the time of festivals and during the wedding season. Hence, the increase in demand for gold will lead to a shortage of supply. Therefore, it would lead to an increase in the price of gold.

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News and Articles

FAQs

  • How to check for the Hallmarked 916 22 Karats Gold in Salem?

    You can check a small stamp from the Bureau of Indian Standards (BIS) on your ornaments. However, in the case of gold bars, you will find the hallmarking stamp issued by BIS.

  • Do I need to pay tax on bringing gold into Salem from abroad?

    If you are an Indian with a valid passport issued by the Indian government, you are permitted to bring up to 1 kg of gold with you. Additional custom duty and other charges are applicable.

  • How to check the purity of gold in Salem?

    Density plays an important role in measuring the purity of gold. Hence, before purchasing gold in Salem, it is advisable to check its karat.

  • What is the difference between 22 karats and 24 karats of gold?

    As discussed above, the higher the density of gold, the purer it is. Thus, 24 karat gold will be much purer than 22 karats of gold.

  • How Do You Double-Check Your BIS-Hallmark in Salem?

    You can confirm the purity of gold through the product’s Hallmark Unique Identification Number(HUID). Visit the BIS care app and use the unique serial number mentioned on your gold to double-check its authenticity.

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