Tuticorin or Thoothukudi is also called Pearl City or the Sea Gateway of Tamil Nadu. The Today Gold rates in Tuticorin are sourced directly from jewellers and agencies in Tuticorin. Gold rates for Tuticorin are presented in 1 gram, 8 grams, 10 grams and 100 grams to help readers reap benefits on their investment. To help gold jewellers and prospective customers, Sify.com also features the last 7 days and last 30 days rates for Tuticorin and nearby towns. The rates are similar to rates for Rameshwaram from the adjacent Ramanathapuram district. Also, rates mentioned on this page are exclusive of GST and making charges.
Gold rate trends in Tuticorin:
You should also know that gold rates in Tuticorin can change at least twice within a day, similar to the trends across the country. These rates are usually derived from international standards because Gold needed for jewellery making has to be imported. As on date, gold mines in India do not yield any meaningful amount of gold ore. The international factors that decide the rates includes the rate of Gold in troy ounce (decided during international benchmark auction), rate of Gold in spot and futures markets, parity of currency such as US Dollar and Indian Rupee.
Add to this, several jewellers, including the leading ones, have ways and means to price the gold rates. While the base rate of Gold remains more or less constant, other factors such as making charge, wastage, melting charges, refiner margins etc can change from jeweller within the same city. You will be surprised to know that jewelry shops adjacent to each other within Tuticorin can have a price difference of Rs 5 to 10 per gram.
The changes in impurities added (Platinum, Palladium, Silver, Nickel, Aluminum, Iron) along with changes in transportation, logistics, expenses incurred on security, changes in business operations, and finally the margins are responsible for the difference in jewellery rates in Tuticorin.
Popular Gold Investment Options in Tuticorin:
Bullion and ETFs are a recent development in Tuticorin preferred by young and savvy investors. A majority of residents in Tuticorin invest in Gold chit funds. Gold jewellery is in demand during festive season such as Mattu Pongal celebrations, Diwali and Navaratri.
Trustworthy and popular jewellers in Tuticorin?
Most jewellers are located on the WGC main road, Shanmugapuram, Pudugramam, and Muthiahpuram. Big showrooms in Tuticorin include the ones from Thangamayil Jewellery, Tanishq, Kalyan Jewellers, Khazana Jewellery, and GRT Jewellers. Other prominent names include Annai Jewellers, AVM Jewellers, Alagar jewellers, Fatihma Jewellers etc.
Why subscribe to authentic rates:
In these days of market-competition and digitization, investment in Gold or bullion can safeguard hard-earned money from inflation. It is advised that each individual building a financial portfolio can allocate 10 to 15 percent of his or her savings in gold and gold-backed assets. The gold rates in Tuticorin is a way to enable customers access the latest and authentic gold rates. Having the latest and authentic rates can help buyers plan and even negotiate when it comes to buying and selling of gold and jewellery. Knowing the latest rate also helps during a gold loan. Bookmark this page or download Sify Gold rates app to find out the latest and most accurate gold rates in prominent cities across India. Sify also tracks the gold rates minutely and features news and analysis from industry veterans to guide readers.
Disclaimer: Sify.com showcases news, analysis and gold rates with the sole objective of financial prosperity for all. The rates mentioned may vary within the same city and readers are hence advised to consult with a registered financial advisor. For any complaints, feedback, opinions or to share experiences write to firstname.lastname@example.org with the subject – Gold / Bullion.