Gold Rate Today in Madurai (as on 16 May, 2026)

On 16 May 2026, the market rate for 22 karat gold in Madurai stands at ₹14,530 per gram.

Pure 24 karat gold is currently priced at ₹15,862 per gram in the Madurai market.

A tola is a unit of mass equal to 12 grams. In Madurai, you can purchase 1 tola of gold for approximately ₹1,90,350 in 24 karat purity and ₹1,74,360 in 22 karat purity.

Buying 2 tolas of gold in Madurai requires an investment of roughly ₹3,48,721 for 22 karat and ₹3,80,700 for 24 karat variants.

To acquire 3 tolas of gold in Madurai, you would spend approximately ₹5,23,081 for 22 karat gold and ₹5,71,050 for 24 karat gold.

As of 16 May 2026, 10 grams of 22 karat gold is valued at ₹1,45,300 while 10 grams of 24 karat gold costs ₹1,58,625 in Madurai.

Yes, pricing varies between hallmarked and non-hallmarked gold jewellery in Madurai. Typically, non-hallmarked gold jewellery is more economical because it lacks official purity certification or assurance.

Yes, all gold purchases in Madurai are subject to a 3% GST (1.5% CGST and 1.5% SGST).

The crafting costs associated with transforming raw gold into jewellery in Madurai typically range from 5% to 35%, depending on the design complexity and the artisanal skill involved.

For gold purchases exceeding Rs. 2 lakhs in Madurai, you must provide your PAN (Permanent Account Number) details as mandated by government regulations.

Physical gold remains a dependable and secure investment in 2026, offering both tangible asset value and emotional reassurance, thanks to its inherent stability and psychological comfort.