Gold Rate in Thanjavur Today

Gold has always been a popular choice for investment and wealth preservation. It is widely purchased in Thanjavur for both jewellery and investment purposes. Since gold prices are influenced by multiple global and domestic factors, keeping track of the latest rates ensures you buy at the right time and at a fair price.

Check out the gold price today in Thanjavur for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹7,940	₹7,960	₹-20
10 Gram	₹79,400	₹79,600	₹-200
100 Gram	₹794,000	₹796,000	₹-2000

Gold price in Thanjavur with fluctuations in the last few days, is shown below:

Gold price in Thanjavur with fluctuations in the last few days, is shown below:

Gold remains a valuable asset in India. Here are different ways to invest in gold:

Digital Gold

An alternative to physical gold, digital gold allows you to buy small or large amounts online, with the gold securely stored in an insured vault. Investments can start from as little as ₹1, offering flexibility and convenience.

Physical Gold

This includes gold coins, bars, and jewellery. When purchasing physical gold, ensure you buy from reputed jewellers in Thanjavur who provide quality assurance and certification.

Gold Mutual Funds

These funds involve investing in gold mining companies or physical gold. With a low entry requirement, gold mutual funds provide an easy way for investors to start investing in gold.

Gold Exchange-traded Funds

Gold Exchange-traded Funds (ETFs) are investment instruments traded on stock exchanges. These funds are backed by physical gold and offer a secure way to invest without handling the metal directly.

Sovereign Gold Bonds (SGBs)

Issued by the Reserve Bank of India (RBI), SGBs are an excellent option for long-term investors. These bonds are backed by the government, provide periodic interest, and are redeemable at prevailing gold rates.

Before purchasing gold, keep these key factors in mind:

Current Gold Rate

Gold prices change frequently due to market dynamics. Checking the latest gold rate in Thanjavur ensures you pay a fair price.

Purity Levels

Gold is available in different purities, such as 18K, 22K, and 24K. Higher karat gold is purer but softer, while lower karat gold offers more durability.

Reputed Jewellers

Always buy from trusted jewellers in Thanjavur who offer certified gold to guarantee quality and authenticity.

Hallmark Certification

Ensure the gold has a Bureau of Indian Standards (BIS) hallmark, which verifies purity. This certification includes the jeweller’s identification and a unique Hallmark Unique Identification (HUID) number.

Additional Costs

Consider additional charges such as making charges and GST, which impact the final cost of your gold purchase.

Gold rates are influenced by several economic and market factors:

Global Geopolitical Conditions

Economic uncertainty, global conflicts, and financial crises impact gold prices, as investors turn to gold as a safe-haven asset.

Demand and Supply

Gold prices rise during festive seasons and weddings when demand increases significantly.

Currency Fluctuations

The value of the Indian Rupee against the US Dollar affects gold prices. A weaker rupee typically results in higher gold rates.

Taxation

A 3% GST is applicable on gold purchases, along with a 5% GST on making charges for jewellery. This taxation directly impacts the final price.

Government Policies

Import restrictions and regulations on gold influence supply, leading to price fluctuations.

Verifying gold authenticity before purchase is crucial. Here are some ways to ensure purity:

Magnet Test

Gold is non-magnetic. If the gold item is attracted to a magnet, it likely contains other metals.

Nitric Acid Test

A professional test where a drop of nitric acid is applied to a gold sample to check for impurities. Pure gold does not react, while impure gold changes colour.

Visual Inspection

Pure gold does not tarnish. Any signs of discolouration may indicate impurities.

Hallmark Certification

The BIS hallmark is the most reliable way to verify gold purity. Look for the hallmark symbol, karat level, and HUID number.

X-Ray Fluorescence (XRF) Testing

An advanced method used by jewellers to determine the composition of gold with high accuracy.

Gold in India attracts a 3% GST on its value and an additional 5% GST on making charges for jewellery. These taxes increase the overall cost of gold, making it important for buyers to factor in these additional charges when purchasing gold.

Gold is commonly used as collateral for loans. The loan amount you can borrow depends directly on the current gold rate. When gold prices rise, you can secure a higher loan amount against the same quantity of gold. Before applying for a gold loan, compare options from different lenders to find the best terms.