Gold rate in Madurai today
The 24K gold rate in Madurai today is ₹ 134,166 per 10 grams, ₹ 13,417 per gram and ₹ 156,489 per tola. Rates on this page are recalculated throughout the trading day, so the figure you see is the one in force right now.
For jewellery buyers the more relevant grade is 22 karat, currently ₹ 122,986 per 10 grams. Twenty-one karat, common in Gulf-style designs, is ₹ 117,395, and 18 karat — the standard for diamond and stone settings — is ₹ 100,625. Twenty karat, occasionally quoted for lighter pieces, works out at ₹ 111,805 per 10 grams.
Silver in Madurai is trading at ₹ 201.76 per 10 grams for 999 fine, or ₹ 6,275 per troy ounce.
The Madurai gold market
Madurai supports one of the oldest continuous jewellery traditions in south India, closely tied to its temple economy. Traditional temple jewellery — heavy, distinctive, often commissioned — remains a real part of the trade rather than a museum category.
Where Madurai sits against the rest of India
Of the 101 India markets we price, Madurai is currently the 90th cheapest . It sits ₹ 401 per 10 grams above Mumbai, the national floor. Kottayam, the dearest market, is a further ₹ 13 above here.
That gap is not a markup anyone chose. The metal costs the same everywhere on earth at any given second — what differs is the cost of getting a physical bar onto a counter in Madurai: freight from the point of import, insurance in transit, security and storage, and how many dealers compete locally. The live national ranking shows every market side by side.
Buying gold in Madurai
On commissioned temple work, agree the making charge and wastage before the piece is started, not on collection. These are labour-intensive designs with long lead times, and an unresolved charge structure combined with a moving gold rate is where disputes arise.
Whatever else you do, get four figures separately before agreeing anything: the metal rate for the exact karat you are buying, the making charge, the wastage percentage, and the tax. With those four, two shops become directly comparable. With a single all-in price, they cannot be — and a shop unwilling to break it down has told you something about the price.
One more local reference point: at current Madurai rates a gram of 24K gold costs about 66× a gram of 999 silver. Silver rates for Madurai are published in full.
Before you buy or sell in Madurai
These cost people more money than the rate itself does, and each is worth two minutes:
- Two words decide the price here. 916 is the hallmark for 22 carat, and a pavan is 8 grams — get both straight before comparing shops.
- Making charges, not the gold rate, are what differ between shops. How they are calculated, and why a low charge with high wastage can cost more than the reverse.
- Check the karat before you check the price. What the stamps guarantee and which tests actually prove anything — the magnet test only works in one direction.
- Understand where the number comes from. The full chain from dollar spot to the board outside your jeweller, with today's live figures at each step.