Madurai, home to the historic Meenakshi Amman Temple, is one of Tamil Nadu's oldest cities and a significant regional jewellery trading centre, with shops clustered around the temple precincts. Gold demand in the region rises around Akshaya Tritiya, Pongal, and the Chithirai festival season. Gold rates in Madurai closely follow national trends, with small local variation from jewellers' association pricing.
The current rate is shown at the top of this page, per gram, and is refreshed four times a day. The chart below it shows how the rate has moved over recent weeks, so today's figure can be read in context rather than on its own.
Local jewellers' association rates, transport and dealer margins differ from city to city, so the quoted rate does too. GST is the same everywhere in India; making charges are set by the jeweller and are not part of the rate quoted here.
Rupix refreshes it four times a day from published retail rates. Bullion rates move through the trading day, so the figure can change between refreshes.
24 carat gold is 99.9% pure. 22 carat is 91.6% pure, and is what most Indian jewellery is made from. 18 carat is 75% pure, and is used mostly for studded and lighter pieces. The purer the metal, the higher the rate per gram.
No. The rate here is for the metal itself. A jeweller adds making charges, which vary by design and by shop, plus GST, and may apply hallmarking charges. Ask for the rate and the making charge separately so the two are comparable between shops.
No. Rupix publishes gold rates for information only - we are not a dealer and do not sell gold or handle payments.
Demand rises around Akshaya Tritiya, Pongal, and Madurai's own Chithirai festival season.