Published: July 18, 2025 | By Agam Kaushik(Co-Editor) | Linkedin
Today, July 18, 2025, the live 22‑carat gold rate in Tirunelveli for an 8‑gram bar give below, here we have covered all the important things like Gold Rate for 8gram & per gram as well. we also covered the GST on Gold in Tirunelveli & how to Check the Gold purity everthing who need to Know.
Today’s Gold Price in Tirunelveli (Per 8Gram/Per Gram)
| Gold Purity | Rate per Gram (₹) | Rate per 8 Grams (₹) |
|---|---|---|
| 24K Gold | ₹9,938 | ₹79,504 |
| 22K Gold | ₹9,110 | ₹72,880 |
| 18K Gold | ₹7,505 | ₹60,040 |
22K vs 24K Gold: What’s the Difference ?
-
22 Karat Gold:
-
Contains 91.6% pure gold mixed with other metals like zinc, copper, or nickel.
-
Ideal for jewellery making due to its durability.
-
-
24 Karat Gold:
-
Contains 99.9% pure gold with no traces of other metals.
-
Too soft for crafting jewellery; best suited for investment (coins or bars).
-
GST on Gold in Tirunelveli
-
3% GST is applicable on gold purchases across India, including Tirunelveli.
-
Additional charges may include making charges and jeweller margins, which differ from store to store.
Techniques to Check Gold Purity in Tirunelveli
Before purchasing, ensure you verify gold purity using the following methods:
-
Hallmark Inspection: Check for BIS logo and caratage.
-
Magnet Test: Pure gold is non-magnetic.
-
Visual Test: Look for discoloration or impurity.
-
Magnifying Glass: Check for purity marks or stamps.
-
Professional Testing: Use nitric acid or electronic gold testers with certified jewellers.
Gold Rates in Major Indian Cities
| City | 24K Rate (10g) |
|---|---|
| Chennai | ₹1,04,079 |
| Delhi | ₹1,06,527.60 |
| Bangalore | ₹1,04,079 |
| Kolkata | ₹1,04,079 |
| Hyderabad | ₹1,04,079 |
| Pune | ₹1,01,070.60 |
Top Factors Affecting Gold Price in Tirunelveli
1. Global Gold Prices
The international price of gold plays a key role in determining local rates in Tirunelveli. Since India is a major importer of gold, any increase in global market rates — influenced by geopolitical tensions, global demand, or economic crises — directly pushes up prices in the domestic market. Investors closely watch global trends to anticipate future gold rate movements.
2. Currency Exchange Rates
Gold is traded globally in US dollars. Therefore, the Indian Rupee’s exchange rate against the US Dollar significantly impacts the final price of imported gold. If the Rupee weakens against the Dollar, the cost of importing gold rises, leading to an increase in local gold rates. On the other hand, a stronger Rupee can help ease prices.
3. Local Demand & Supply
Demand and supply dynamics within Tirunelveli also affect gold prices. During festive seasons, weddings, or auspicious days like Akshaya Tritiya and Dhanteras, the demand for gold surges, often leading to a temporary price hike. If supply cannot keep up with this rising demand, prices may increase further.
4. Inflation
Gold is traditionally considered a hedge against inflation. When inflation rises, the value of currency falls, and people often turn to gold as a safer store of value. This increased demand during inflationary periods causes gold prices to rise. Hence, gold often performs well in times of economic uncertainty.
5. Interest Rates
There is an inverse relationship between interest rates and gold prices. When interest rates rise, people prefer to invest in fixed-income instruments like FDs or bonds, which offer better returns than holding gold. This shift reduces the demand for gold, lowering prices. Conversely, when interest rates fall, gold becomes more attractive as an investment, leading to higher demand and rising prices.
You May Also Like :-
https://bytethenews.in/category/finance/
Frequently Asked Questions (FAQs)
1. Is gold price the same across all cities in India ?
No. Gold prices vary slightly based on local taxes, transportation costs, and demand.
2. What is the hallmarking of gold ?
Hallmarking certifies the purity of gold, done by BIS (Bureau of Indian Standards). Always insist on hallmarked jewellery.
3. Can I invest in gold without physically buying it ?
Yes. You can invest via Sovereign Gold Bonds, Digital Gold, Gold ETFs, and Mutual Funds.
4. Why is 24K gold not used in jewellery ?
Because it is soft and bends easily, making it impractical for daily wear.
5. What is the purity of 22K gold ?
22K gold has 91.6% purity, making it suitable for crafting strong, durable ornaments.
6. Can I check today’s gold rate online ?
Yes. Use reliable portals like MCX India, IBJA, or financial apps for real-time gold rate updates.
7. Is GST applicable on making charges ?
Yes. A 5% GST is applicable on making charges of jewellery, in addition to the 3% GST on gold value.
8. What documents should I collect after buying gold ?
You should receive a proper bill/invoice mentioning purity, weight, price, GST, and jeweller details.
9. How often do gold prices change ?
Gold prices can change daily—even multiple times a day—depending on market dynamics.
10. Which is better: buying gold jewellery or investing in bonds ?
For long-term returns and safety, gold bonds or ETFs are better. For emotional and personal value, jewellery is ideal.