Ahmedabad, one of the fastest-growing industrial hubs of India, has developed a keen interest in gold investments over the years. The Gujarati city is known for its rich, traditional business practices, which further makes it a hub for jewellers and jewellery. Residents have time and again pointed out financial safety and satisfying returns as the prime reason for this inclination. The gold prices keep fluctuating depending upon demand on a daily basis as well as business investments in the city. Today Gold rate in Ahmedabad 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% |
Gold prices in Ahmedabad keep fluctuating depending upon demand as well as the business investments in the city. Gujarat imports a lot of its gold to meet requirements for the hefty demand during wedding season or festivals such as Akshaya Tritiya.
Gold sold in Ahmedabad meets quality benchmarks set by Bureau of Indian Standards (BIS) and IS/ISO 9002 Quality System Certification. The Gujarat Gold Centre (GGC) takes care of the same. The GGC assays as well as refines scrap gold/silver. It also manufactures bars and coins of 999.0 fineness. While the GGC is a private limited firm, gold in Gujarat is also monitored by the assaying firm of the BIS in the city.
Gold prices in Ahmedabad also change on the basis state taxes and octroi. Other factors include purity of gold (24 carat, 22 carat, and so on) and weight.
Overall demand for gold in Ahmedabad is fairly stable, with a year –round consumer appetite, unless impacted by severe economic slowdowns.
When buying jewellery, making charges also apply, and differ from jeweller-to-jeweller as well as from piece-to-piece.
If you are buying gold for the purpose of investment, it is advised to go for gold bars or coins instead of jewellery. This way you evade paying the additional making charges.
Exchange Traded Funds (ETFs), sovereign gold bonds, and digital gold are some other investment options. These are simply electronic or digital versions of tangible gold.
Fluctuations in the international market may impact gold prices in Ahmedabad, which may influence electronic and digital investments too.
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