Gold & Silver Rates in Madurai Today (25 Feb 2026)

Gold Rate in Madurai Today: A Stability Phase in the Temple City

As of 12 February 2026, the gold market in Madurai is holding steady following a recovery earlier this week. The current rate for 24K (Pure) Gold is ₹1,60,050 per 10 grams, while the staple 22K (Jeweler's Standard) is trading at ₹1,46,720. After a sharp 12% drop earlier this month, the prices have rebounded from the February 2nd low of ₹1,44,085 (24K), currently consolidating just below the psychological resistance of ₹1.65 Lakh.

For the modern office-goers and students in Anna Nagar and K.K. Nagar, the 18K gold rate is positioned at ₹1,19,850 per 10 grams. In Madurai, local rates are strictly governed by the MJBMA (Madurai Jewellers & Bullion Merchants Association), ensuring price transparency from the heritage lanes of Bazaar Street to the high-end boutiques of Goripalayam.

Shopping Districts: From Meenakshi Temple to bypass Roads

Madurai’s gold trade is a tale of two eras. The heart of the trade still beats in the Chitrai Streets and Town Hall Road, where generations of families have frequented legendary names like Thangamayil and Pothys Swarna Mahal. These areas are renowned for traditional "Antique Finish" bridal sets. Meanwhile, By Pass Road and West Veli Street have transformed into a modern jewelry hub, housing sprawling showrooms of Malabar Gold, GRT, and Kalyan Jewellers, offering extensive collections of lightweight and temple-work designs.

Craftsmanship: The Soul of Temple Jewelry

Madurai is the spiritual home of Temple Jewelry. Artisans in clusters near Tallakulam still specialize in the Nakas style—heavy gold ornaments featuring intricate motifs of Goddess Meenakshi. Today, while national brands offer variety, Madurai buyers often prefer local heritage shops for Buy-Back Guarantee terms, which are among the most consumer-friendly in Tamil Nadu. All gold sold in major areas like Simmakkal and Ellis Nagar is strictly BIS Hallmarked with the 6-digit HUID code.

Buyer’s Intelligence: Value & Taxes

With the current price trending near the weekly high, buyers are keeping a close watch on the low_year anchor of ₹1,24,550 to calculate their long-term gains. When purchasing at any showroom near the Mattuthavani area, remember that a 3% GST is mandatory on the gold value. Making charges (Vaigai labor) typically range from 8% to 22%, which also attract a 5% GST. If you are buying for a wedding, look for "Gold Rate Lock" schemes offered by major local players to hedge against further spikes.