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 ₹ 76,960 per 10 grams for 24 Carat and ₹ 70,550 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,696 | - ₹ 33 |
8 grams
|
₹ 61,568 | - ₹ 264 |
10 grams
|
₹ 76,960 | - ₹ 330 |
100 grams
|
₹ 7,69,600 | - ₹ 3,300 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,055 | - ₹ 30 |
8 grams
|
₹ 56,440 | - ₹ 240 |
10 grams
|
₹ 70,550 | - ₹ 300 |
100 grams
|
₹ 7,05,500 | - ₹ 3,000 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
30 September 2024
|
₹ 77,290 | ₹ 70,850 | 0% |
27 September 2024
|
₹ 77,500 | ₹ 71,050 | +0.57% |
26 September 2024
|
₹ 77,070 | ₹ 70,650 | 0% |
25 September 2024
|
₹ 77,070 | ₹ 70,650 | +0.86% |
24 September 2024
|
₹ 76,410 | ₹ 70,050 | +0.29% |
23 September 2024
|
₹ 76,200 | ₹ 69,850 | 0% |
19 September 2024
|
₹ 74,500 | ₹ 68,300 | 0% |
13 September 2024
|
₹ 74,500 | ₹ 68,300 | +1.79% |
12 September 2024
|
₹ 73,200 | ₹ 67,100 | -0.15% |
11 September 2024
|
₹ 73,300 | ₹ 67,200 | +0.57% |
10 September 2024
|
₹ 72,890 | ₹ 66,820 | -0.04% |
09 September 2024
|
₹ 72,920 | ₹ 66,850 | 0% |
06 September 2024
|
₹ 73,360 | ₹ 67,250 | +0.76% |
05 September 2024
|
₹ 72,810 | ₹ 66,740 | 0% |
03 September 2024
|
₹ 72,820 | ₹ 66,750 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st July rate | ₹ 66,300 | ₹ 72,320 |
31st July rate | ₹ 64,050 | ₹ 69,870 |
Highest rate in July | ₹ 68,800 on 17th July 2024 | ₹ 93,250 on 19th July 2024 |
Lowest rate in July | ₹ 63,250 on 30th July 2024 | ₹ 845 on 25th July 2024 |
Over all performance | Falling | Falling |
% change | -3.39% | -3.39% |
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.