Gold rates in Gujarat
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
Gold symbolizes wealth and is a key component of a well-rounded investment portfolio. For optimal returns on gold investments, various avenues are available, such as direct purchases of gold, over-the-counter transactions involving jewelry, bullion, coins, futures, and Exchange-Traded Funds (ETFs).
Engaging in gold trading and investment can be lucrative. It serves as an effective strategy to protect your investment portfolio against potential risks in the equity market.
Gold not only signifies wealth but also forms a vital and healthy segment of any investment portfolio. To maximize returns from gold investments, there's a wide array of options to consider, including direct gold purchases, over-the-counter (OTC) buying of jewelry, bullion, coins, futures contracts, and Exchange-Traded Funds (ETFs).
Trading and investing in gold can be quite rewarding and financially beneficial. It's an excellent method for diversifying investments and safeguarding your portfolio against market volatility, especially in the equity market. Additionally, gold's historical stability during economic downturns makes it a preferred choice for investors seeking a balance between risk and return in their investment strategies.
Gold symbolizes wealth and is a key component of a well-rounded investment portfolio. For optimal returns on gold investments, various avenues are available, such as direct purchases of gold, over-the-counter transactions involving jewelry, bullion, coins, futures, and Exchange-Traded Funds (ETFs).
Engaging in gold trading and investment can be lucrative. It serves as an effective strategy to protect your investment portfolio against potential risks in the equity market.
Gold not only signifies wealth but also forms a vital and healthy segment of any investment portfolio. To maximize returns from gold investments, there's a wide array of options to consider, including direct gold purchases, over-the-counter (OTC) buying of jewelry, bullion, coins, futures contracts, and Exchange-Traded Funds (ETFs).
Trading and investing in gold can be quite rewarding and financially beneficial. It's an excellent method for diversifying investments and safeguarding your portfolio against market volatility, especially in the equity market. Additionally, gold's historical stability during economic downturns makes it a preferred choice for investors seeking a balance between risk and return in their investment strategies.
24K Gold Rates Per Gram in Gujarat
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Gujarat
24K Gold Rates Per Gram in Gujarat
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Gujarat
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold Rates in Gujarat
Influences on Gold Prices in Gujarat
The gold market in Gujarat, along with the rest of India, has experienced a consistent increase in prices, despite the disruptions caused by the pandemic in March 2020. What leads to fluctuations in gold rates? Several key factors contribute to the rising prices of gold:
Interest Rates on Bank Deposits:
Currently, bank deposits offer interest rates of only about 5 to 6%.
High Demand and Limited Global Supply:
There's a growing demand for gold, but the global supply remains constrained.
Increasing International Gold Prices:
On the global stage, the prices of gold are climbing steadily.
Economic Downturn and Market Conditions:
The prevailing economic slowdown and market dynamics are driving gold prices higher.
Investor Caution in Stock/Equity Markets:
Many investors are avoiding the stock and equity markets, leading to increased liquidity in gold investments.
Global Recession Due to the Pandemic:
The worldwide recession triggered by the pandemic is another factor elevating gold prices.
Rupee Depreciation Against the USD:
The Indian Rupee's current rate, hovering around Rs 74 to 76 against the US Dollar, is leading to higher export duties and increased gold prices when calculated in USD.
Influences on Gold Prices in Gujarat
The gold market in Gujarat, along with the rest of India, has experienced a consistent increase in prices, despite the disruptions caused by the pandemic in March 2020. What leads to fluctuations in gold rates? Several key factors contribute to the rising prices of gold:
Interest Rates on Bank Deposits:
Currently, bank deposits offer interest rates of only about 5 to 6%.
High Demand and Limited Global Supply:
There's a growing demand for gold, but the global supply remains constrained.
Increasing International Gold Prices:
On the global stage, the prices of gold are climbing steadily.
Economic Downturn and Market Conditions:
The prevailing economic slowdown and market dynamics are driving gold prices higher.
Investor Caution in Stock/Equity Markets:
Many investors are avoiding the stock and equity markets, leading to increased liquidity in gold investments.
Global Recession Due to the Pandemic:
The worldwide recession triggered by the pandemic is another factor elevating gold prices.
Rupee Depreciation Against the USD:
The Indian Rupee's current rate, hovering around Rs 74 to 76 against the US Dollar, is leading to higher export duties and increased gold prices when calculated in USD.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Gujarat.
Assessment of Gold Purity in Gujarat
In Gujarat, the gold rate and its purity are determined by the standards set by the Indian Bullion Association. Dealers need to feature a hallmark symbol on all gold products to signify their purity.
While the gold price in Gujarat, as in other areas, is affected by international market trends, India's minimal involvement in gold mining means it's less directly impacted by these global market fluctuations.
However, international developments still significantly shape the market, affecting the purchasing capacity of gold importers and the general population in Gujarat and across India.
Assessment of Gold Purity in Gujarat
In Gujarat, the gold rate and its purity are determined by the standards set by the Indian Bullion Association. Dealers need to feature a hallmark symbol on all gold products to signify their purity.
While the gold price in Gujarat, as in other areas, is affected by international market trends, India's minimal involvement in gold mining means it's less directly impacted by these global market fluctuations.
However, international developments still significantly shape the market, affecting the purchasing capacity of gold importers and the general population in Gujarat and across India.
Necessary Documentation for Gold Investment in Gujarat.
Documentation Required for Gold Investment in Gujarat
Physical Gold:
No specific documents, brokerage, or Demat account are needed for purchasing physical gold. Nonetheless, it's important to safely store the purchase receipt and the BIS certification.
Investments Over Rs. 2 Lakhs:
For investing more than Rs. 2 lakhs in jewelry, coins, bars, etc., at the current 22-carat gold rate, you'll need a PAN Card and a government-issued ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Exchange-Traded Funds (ETFs):
Investing in ETFs requires opening both a brokerage and a Demat account with the firm offering the ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment options usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in gold mutual funds, setting up a brokerage and a Demat account is necessary.
Documentation Required for Gold Investment in Gujarat
Physical Gold:
No specific documents, brokerage, or Demat account are needed for purchasing physical gold. Nonetheless, it's important to safely store the purchase receipt and the BIS certification.
Investments Over Rs. 2 Lakhs:
For investing more than Rs. 2 lakhs in jewelry, coins, bars, etc., at the current 22-carat gold rate, you'll need a PAN Card and a government-issued ID with your name and address, like a Voter ID, Passport, or Aadhar Card.
Exchange-Traded Funds (ETFs):
Investing in ETFs requires opening both a brokerage and a Demat account with the firm offering the ETFs.
Sovereign Gold Bonds (SGBs) and Digital Gold:
These investment options usually involve minimal paperwork and do not require a Demat account.
Gold Mutual Funds:
For investing in gold mutual funds, setting up a brokerage and a Demat account is necessary.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Gujarat.
Guide for Purchasing Gold in Gujarat
When planning to purchase gold in Gujarat, consider the following important points:
BIS Certification:
The Bureau of Indian Standards (BIS) verifies gold's purity. For example, the popular 916 hallmark indicates that each 100 grams of gold contains 91.6 grams of pure 24K gold, known as the 916 gold rate in Gujarat.
Gold Purity Levels:
24K gold, 99.94% pure, is the highest purity but is not malleable and is often alloyed with other metals like copper. This leads to lower purity options such as 22K, 18K, 10K, and 14K gold, each available at different rates, including the 18-carat gold rate and the 22K rate at today's gold rate in Gujarat 916.
Daily Gold Rates:
Gold prices fluctuate daily, vary by location, and can change minute-by-minute on the stock market. These live rates can differ from the jewelry rate or the 22-carat gold rate in Gujarat and are used for stock trading and online transactions.
Buy-Back Terms:
The buy-back rates are crucial for maintaining the value of your gold investments. Many reputable jewelers offer buy-back facilities at the current gold rate in Gujarat and allow for gold jewelry exchange on a gram-to-gram basis, subject to conditions.
Making and Wastage Charges:
These charges typically range from 10-20% of the gold's weight and are added to the quoted price per gram in today’s gold rate in Gujarat.
Guide for Purchasing Gold in Gujarat
When planning to purchase gold in Gujarat, consider the following important points:
BIS Certification:
The Bureau of Indian Standards (BIS) verifies gold's purity. For example, the popular 916 hallmark indicates that each 100 grams of gold contains 91.6 grams of pure 24K gold, known as the 916 gold rate in Gujarat.
Gold Purity Levels:
24K gold, 99.94% pure, is the highest purity but is not malleable and is often alloyed with other metals like copper. This leads to lower purity options such as 22K, 18K, 10K, and 14K gold, each available at different rates, including the 18-carat gold rate and the 22K rate at today's gold rate in Gujarat 916.
Daily Gold Rates:
Gold prices fluctuate daily, vary by location, and can change minute-by-minute on the stock market. These live rates can differ from the jewelry rate or the 22-carat gold rate in Gujarat and are used for stock trading and online transactions.
Buy-Back Terms:
The buy-back rates are crucial for maintaining the value of your gold investments. Many reputable jewelers offer buy-back facilities at the current gold rate in Gujarat and allow for gold jewelry exchange on a gram-to-gram basis, subject to conditions.
Making and Wastage Charges:
These charges typically range from 10-20% of the gold's weight and are added to the quoted price per gram in today’s gold rate in Gujarat.
FAQs on Gold Rates in Gujarat
Where can I find the latest live gold price in Gujarat?
Live gold prices in Gujarat are available on financial websites, dedicated gold rate apps, and at local jewelers.
Why do gold prices fluctuate daily in Gujarat?
Gold prices in Gujarat fluctuate due to factors like global market trends, currency exchange rates, and regional demand-supply dynamics.
Do gold prices in Gujarat change during the festive seasons?
Yes, gold prices in Gujarat often rise during festive seasons due to increased demand.
How does the international gold market affect prices in Gujarat?
International market trends, including gold demand and currency valuations, play a significant role in determining gold prices in Gujarat.
Are the gold rates in Gujarat updated frequently throughout the day?
Yes, gold rates in Gujarat are regularly updated to reflect the latest market conditions.
Where can I find the latest live gold price in Gujarat?
Live gold prices in Gujarat are available on financial websites, dedicated gold rate apps, and at local jewelers.
Why do gold prices fluctuate daily in Gujarat?
Gold prices in Gujarat fluctuate due to factors like global market trends, currency exchange rates, and regional demand-supply dynamics.
Do gold prices in Gujarat change during the festive seasons?
Yes, gold prices in Gujarat often rise during festive seasons due to increased demand.
How does the international gold market affect prices in Gujarat?
International market trends, including gold demand and currency valuations, play a significant role in determining gold prices in Gujarat.
Are the gold rates in Gujarat updated frequently throughout the day?
Yes, gold rates in Gujarat are regularly updated to reflect the latest market conditions.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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