Vadodara, the third-largest Gujarati city, is quite active in the gold trade. A land of marvellous architecture and flourishing industries, Vadodara holds a special fascination for gold ornaments and jewels. Some of the peak seasons for the gold trade include festivities like Akshay Tritiya, Dhanteras, Diwali, etc. Gold rates keep fluctuating here depending on duties, taxes, domestic demand, Central Bank actions, investment trends, international relations, etc. Today Gold rate in Vadodara is ₹ 63,870 per 10 grams for 24 Carat and ₹ 58,550 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,387 | - ₹ 27 |
8 grams
|
₹ 51,096 | - ₹ 216 |
10 grams
|
₹ 63,870 | - ₹ 270 |
100 grams
|
₹ 6,38,700 | - ₹ 2,700 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 5,855 | - ₹ 25 |
8 grams
|
₹ 46,840 | - ₹ 200 |
10 grams
|
₹ 58,550 | - ₹ 250 |
100 grams
|
₹ 5,85,500 | - ₹ 2,500 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
03 January 2024
|
₹ 63,870 | ₹ 58,550 | -0.43% |
02 January 2024
|
₹ 64,140 | ₹ 58,800 | +0.34% |
01 January 2024
|
₹ 63,920 | ₹ 58,600 | 0% |
31 December 2023
|
₹ 63,920 | ₹ 58,600 | 0% |
30 December 2023
|
₹ 63,920 | ₹ 58,600 | 0% |
29 December 2023
|
₹ 63,920 | ₹ 58,600 | -0.59% |
28 December 2023
|
₹ 64,300 | ₹ 58,950 | +0.68% |
27 December 2023
|
₹ 63,860 | ₹ 58,550 | +0.17% |
26 December 2023
|
₹ 63,760 | ₹ 58,450 | +0.34% |
25 December 2023
|
₹ 63,540 | ₹ 58,250 | 0% |
24 December 2023
|
₹ 63,540 | ₹ 58,250 | 0% |
23 December 2023
|
₹ 63,540 | ₹ 58,250 | +0.34% |
22 December 2023
|
₹ 63,280 | ₹ 58,050 | +0.43% |
21 December 2023
|
₹ 63,050 | ₹ 57,800 | 0% |
20 December 2023
|
₹ 63,050 | ₹ 57,800 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st February rate | ₹ | ₹ 763 |
29th February rate | ₹ | ₹ 742 |
Highest rate in February | ₹ on 1st January 1970 | ₹ 765 on 1st February 2024 |
Lowest rate in February | ₹ on 1st January 1970 | ₹ on 4th February 2024 |
Over all performance | Falling | Falling |
% change | -2.75% | -2.75% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st January rate | ₹ | ₹ 786 |
31st January rate | ₹ | ₹ 765 |
Highest rate in January | ₹ 58,800 on 2nd January 2024 | ₹ 64,140 on 2nd January 2024 |
Lowest rate in January | ₹ 58,550 on 3rd January 2024 | ₹ on 4th January 2024 |
Over all performance | Falling | Falling |
% change | -2.67% | -2.67% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st December rate | ₹ | ₹ 795 |
31st December rate | ₹ | ₹ 786 |
Highest rate in December | ₹ 58,950 on 28th December 2023 | ₹ 64,300 on 28th December 2023 |
Lowest rate in December | ₹ 56,700 on 13th December 2023 | ₹ on 9th December 2023 |
Over all performance | Falling | Falling |
% change | -1.13% | -1.13% |
Naturally, the cultural significance of gold in Vadodara is unquestionable. It not only trades lavishly in gold jewellery for personal use but also as temple jewellery. Some of the peak seasons for the gold trade include wedding seasons and festivities like Akshay Tritiya, Dhanteras, and Diwali.
However, the city also observes a flourishing trade in bars and bullions, followed by trade exchanges. The correlation of gold and the US dollar plays a major role in determining the gold prices here.
Other factors include macroeconomic issues, imports and custom duties, government policies, international relations, interest rate trends, Central Bank actions, and domestic demand.
The wide popularity of gold in this Gujarati city stems from the financial stability it brings to the table. It acts as an important portfolio diversifier that offers risk-adjusted returns and acts as a hedge against inflation.
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