Today 24 Carat Gold Price in Ahmedabad – Updated
Gram
24 Carat Gold Today
24 Carat Gold Yesterday
1 gram
₹4,786
₹4,787
₹ -1
8 gram
₹38,288
₹38,296
₹ -8
10 gram
₹47,860
₹47,870
₹ -10
100 gram
₹4,78,600
₹4,78,700
₹ -100
Today 22 Carat Gold Price in Ahmedabad – Updated
Gram
22 Carat Gold Today
22 Carat Gold Yesterday
Daily Price Change
1 gram
₹4,686
₹4,687
₹ -1
8 gram
₹37,488
₹37,496
₹ -8
10 gram
₹46,860
₹46,870
₹ -10
100 gram
₹4,68,600
₹4,68,700
₹ -100
Today Gold Rate In Ahmedabad :
The gold rates have recently shown a steady rise in the Gold Rate in Ahmedabad then it has ever done before since is it is one of the most used commodities amongst Indians. This demand has also seen a sudden increase in the gold rate in Ahmedabad. The rates set for a certain amount of gold is set on an international level.
It is based on these international standards that the gold rates for each day are being set. The purchase and the making of gold in this particular city are mostly for ornaments and jewellery, which is basically the demand of not only just Ahmedabad but the entire nation. Indians are known for having a give and take relationship with gold from the very beginning.
Take means to buy the gold or invest money on the purchase of gold, whereas giving means to pledge the same gold at times of desperate financial crisis. From this, we can understand that gold is a way of investment for the people of Ahmedabad. All the gold dealers in Ahmedabad form the backbone of the local and national gold industry.
Compare 22k & 24k Gold Rate in Ahmedabad
Last 10 Days Gold Rates
STANDARD GOLD 22K
PURE GOLD 24K
1 GRAM
10 GRAM
1 GRAM
10 GRAM
24 July 2021
Rs. 4,686.00
Rs. 46,860
Rs. 4,786.00
Rs. 47,860
23 July 2021
Rs. 4,687.00
Rs. 46,870
Rs. 4,787.00
Rs. 47,870
22 July 2021
Rs. 4,690.00
Rs. 46,900
Rs. 4,790.00
Rs. 47,900
21 July 2021
Rs. 4,712.00
Rs. 47,120
Rs. 4,812.00
Rs. 48,120
20 July 2021
Rs. 4,730.00
Rs. 47,300
Rs. 4,830.00
Rs. 48,300
19 July 2021
Rs. 4,704.00
Rs. 47,040
Rs. 4,804.00
Rs. 48,040
18 July 2021
Rs. 4,719.00
Rs. 47,190
Rs. 4,819.00
Rs. 48,190
17 July 2021
Rs. 4,720.00
Rs. 47,200
Rs. 4,820.00
Rs. 48,200
16 July 2021
Rs. 4,735.00
Rs. 47,350
Rs. 4,835.00
Rs. 48,350
15 July 2021
Rs. 4,709.00
Rs. 47,090
Rs. 4,809.00
Rs. 48,090
Gold Rate in Ahmedabad
Gold. This one metal is one of the most popular and the most consumed in Ahmedabad and in India as a whole. The gold rates in Ahmedabad is decided by international standards and trends. The prices of gold are highly dynamic in nature because it has not just one but various factors affecting the deciding of the rate of gold for that one day. This could be from the strength of the US Dollar to the seasonal demand to the financial market situations in the country. People of Ahmedabad usually buy gold only in the form of jewellery or ornaments, which is basically the same reason that everyone in the nation purchases gold as/for.
This precious metal is traded as a commodity in various exchanges such as MCX, NCDEX AND NSEL. These contracts are available as spot contracts and futures contracts. Spot contracts are where the gold can be bought and immediately delivered, whereas future contracts are when gold is bought but is delivered way later and not right away.
Indians have a history of banking on gold more than the actual banks. Gold therefore also acts as an investment portfolio for consumers in Ahmedabad looking at stable and long term returns from the metal.
List of banks providing gold loans in Ahmedabad
Bank / NBFC
Rate Per Gram
Interest Rate
Gold Loan Tenure
Min – Max Loan Amount
₹ 3,506 to ₹ 4,621
0.099
3 to 24 months
₹ 10 thousand to 5 crore
Private Gold Loan
₹ 3,506 to ₹ 4,621
0.1
6 to 12 months
₹ 10 thousand to 5 crore
₹ 3,506 to ₹ 4,621
0.12
7 days to 36 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1225
12 months
₹ 3 thousand to 1 crore
₹ 3,506 to ₹ 4,621
0.1025
36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1
3 to 36 months
₹ 10 thousand to 5 crore
SBI Gold Loan
₹ 3,506 to ₹ 4,621
0.0975
12 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.075
3 to 36 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 20 thousand to 50 lakh
₹ 3,506 to ₹ 4,621
0.1025
12 months
₹ 10 thousand to 5 crore
IIFL Gold Loan
₹ 3,506 to ₹ 4,621
0.12
11 months
₹ 3 thousand to 50 lakh
How are Gold Rates Decided?
Gold rate in Ahmedabad is analysed and decided by the various international trends and are constantly affected by a wide array of influential factors, such as the strength of the Indian rupee to the seasonal demands of gold to the fluctuations in the financial industry.
Gold that is being purchased by the people of Ahmedabad is mostly used for the purchase of jewellery and ornaments, as it is an integral part of the Indian culture to be having to wear gold jewellery for any and all occasions.
When compared to the previous years, the rate of gold has significantly increased over the years. If you want to continue investing in gold, then it would definitely be of greater value.
How do Gold Traders Determine Future Gold Prices in Ahmedabad?
It is not one certain factor that always determines the prices of gold. There are different factors that lead to price variations. However, there are a few common parameters which most investors keep in mind to make a prediction of the gold rate in Ahmedabad:
- Gold related news: Gold sellers or investors usually look out for the daily news regarding the gold prices to note down and apply any fluctuations on prices because of global fluctuations.
- Prices of other valuable metals: The gold rate in Ahmedabad is also influenced by the prices of other metals. The investors would also have to keep track of the rate of other precious metals before determining the Gold Rate in Ahmedabad.
- Rupee Foreign Exchange rate: if the value of the rupee falls when compared to the other currencies, then the prices of the gold would increase and vice versa, which is why it is important to check the impact of the imports and exports done by our currency.
Impact of GST on Gold Rate in Ahmedabad
There has been a lot of ebbs and flow in the gold rate, especially after the enactment of Goods and Service Tax (GST) in India. Along with international trends, the advent of GST has also reflected on the gold rate in Ahmedabad as well.
This means the taxation on gold jewellery is now 3%, which is exclusive of the 1.5% VAT, which was levied earlier, along with 1% excise duty. After GST, the taxation has been streamlined, and the final jewellery bills are now inclusive of 3% GST, customs duty of 10% and processing charges are imposed as 5%.
Impact of Central Bank Policies on Ahmedabad Gold Rate?
The Central bank regulates the financial and banking services of a country and also executes the government’s issuing currency and monetary policies.
Gold rates in Ahmedabad and anywhere in the country are based on the Central Banks’ monetary policy. All the policies regulate by the central bank, and its actions are key drivers in setting the gold prices. Gold mining companies and banks also manipulate the gold prices as they have huge gold reserves with them.
Gold as an Investment in Ahmedabad
There are several jewellery stores in Ahmedabad, where you can buy genuine gold products for investment, as well as personal use. But before making the purchase, it is advisable that you do some online research to know about gold prices today in Bangalore so that you make an informed decision. The gold prices keep on fluctuation every day, so you need to check on that particular day as well.
Make sure that you get the purity certification from your vendor against the jewellery that you have purchased. This ensures that you have invested your money safely, and it is only possible to exchange certified jewellery at the current gold rate in India.
How Can You Make Gold Investments in Ahmedabad
There are a number of ways in which one can invest in gold. It can be done in the form of gold coins or jewellery. The below-mentioned factors are some of the investment opportunities:
- Investing in gold coins
- Purchasing jewellery
- Gold bullions
- Exchange-traded funds
Gold Schemes To Invest in Ahmedabad
The schemes that are existent for the purpose of saving gold can be used by many who want to save money for the larger expenses of life- weddings, anniversaries or any other occasion. There are plenty of schemes available in gold rate in Ahmedabad that would help you to purchase gold.
There are plenty of discounts on the making charges that are existent when purchasing gold. However, there is never gold that is bought with completely no making charges paid. Do check out different gold rates in Ahmedabad.
It is advisable to invest in gold schemes as a purpose to accumulate gold for future purposes. Invest in any such scheme, not for investment purposes, but to buy physical gold at a later stage.
Some Interesting Facts on Gold
Some things about gold that investors should definitely know.
- Gold is way softer than other kinds of metals, and 1g of this metal could easily be beaten using a hammer.
- To make gold very hard, it has to be alloyed with certain other particular metals; else, it is very soft.
- They do not have oxidants in them.
Things to Consider Before Buying Gold Jewelry in Ahmedabad
The gold rate in Ahmedabad is prone to be influenced by various factors, so before you buy gold, make sure it has the following factors that are listed below:
- Purity: is one of the most important factors when purchasing gold. If you are purchasing gold ornaments or jewellery, then it is crucial to purchase that having 22-carat purity. If you are investing money on a gold coin, then make sure it’s 24 carats.
- Weight: the price that you are going to be charged for the gold depends on the weight of the gold and not just its purity alone. If there are more stones in your jewellery then obviously the weight would increase and so would the price. So be mindful of the weight and how the price is interrelated.
- Certification: it is important to know and understand the authenticity of the gold that you are about to invest in. Hence, make sure there is a purity certificate attached to it would make it easier for you to pledge gold if needed as well.
- Labour charges: some jewellers charge the buyers something called the making charge. This making charge is for the labour that the people have put in to make the piece of jewellery that you are about to purchase. However, you have to be careful and check if the making charges are fitting into your budget or not.
Finally, all of this research could be done online on the respected banks’ websites, so you can make an informed choice while investing money in gold.
Factors that Influence Gold Prices in Ahmedabad
There are various factors that influence the gold rate in Ahmedabad. They are:
- The gold rate in Ahmedabad and the entire nation as a whole increase when there is a sudden demand and supply that takes place during the festive seasons, namely Diwali, Akshaya Tritiya, Dhanteras, Christmas and so on.
- When the value of the rupee against other currencies increase on a global scale, then the prices of gold decrease drastically and vice-versa.
- The international market fluctuations are one of the most important factors which affect the price of gold around the country. If there is a rise in the prices of gold around the world, then it would happen in Ahmedabad as well.
KDM and Hallmarked Gold in Ahmedabad
Hallmark – it is jewellery which is a certification of quality as per the internationally set standards of purity by the Bureau of Indian Standards. It is determined by the composition of the metal which is used for alloying and the purity levels of the gold used in the same.
KDM – KDM is formed by 92% gold is mixed with 8% of cadmium. It is an alloy that is used in the process of jewellery designing; older materials are used; however, there are two metals that are gold and solder material that are having different melting points, which is why cadmium is added to the mixture and is therefore called KDM.
Understanding 916 Gold Price Today in Ahmedabad
This question is one that can never have a concrete answer, and yet it is one of the most asked questions. An individual would first have to make a study of the global trend, which would greatly affect the 916 prices of gold rate in Ahmedabad. Gold rates are further affected by the USD against other currencies, other currency fluctuations, etc.
However, in India, 22 carats of gold is usually named 916 gold. The gold rate in Ahmedabad is affected by various factors, including the rate of import duty. The higher the import duty, the higher the rate of gold being sold in Ahmedabad and vice-versa. The gold rates would also suddenly decrease if the government charges a lesser import tariff.
However, the recent trend of the gold rate in Ahmedabad has been quite unstable. More instability is being predicted because of the changes in policies in different countries, owing to the current situation.
Best Place to Buy Gold in Ahmedabad
People who are wanting to invest their savings in gold then they can check out various options. They would first have to check the current days gold rate in Ahmedabad either online or in a newspaper.
There are various shops all around Ahmedabad and in most parts of the city. Although this metal could be bought from any place, the current place having the best gold rate in Ahmedabad.
Buying a Gold Loan in Ahmedabad
A gold loan can be easily bought for the right amount of gold that you own. The method to avail of a gold loan is not as tough as people make it to be, provided the gold is your own gold, and you are in a position to give assurance to the gold insurers.
You have to be consistent with the repayment of the interests as well as the principal amount. The gold lenders have all the rights to auction your gold and sue you to pay the entire amount right away if you have not been consistent in your repayments.
A gold loan is typically issued for a short period, which is most commonly 11 months. However, there are various banks and lenders that offer different loan tenures as well as different interest rates. If you compare the rate of the gold rate in Ahmedabad with the rates across India, then you can avail one that is more applicable to you.
What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme
Advantages :
- The first and foremost advantage is that these schemes are completely supported and backed by the government- which makes them safer and trustworthy.
- This scheme can be purchased in two forms such as a Demat form and a paper form.
- There is no need to worry about the gold’s purity as the bonds are both in paper and electronic form.
- They can be kept in a digital form, meaning you would not have to worry about the safety of your gold, unlike the physical gold.
- There is a consistent annual interest on this scheme, so even if the gold rate in Ahmedabad fall and continue to keep falling, you would still get fixed interests at the said dates.
Disadvantages :
- The process of having to switch your gold bonds into physical gold is a very long and tiresome process. If you have any plans of using the gold for any personal needs such as functions, weddings, etc., then these bonds would not work out for you.
- If the gold rate in Ahmedabad suddenly drops after the purchase o the scheme has done, then there will be a capital loss of investment. If you have chosen a long term plan, then you might not get affected by these short-term fluctuations.
Gold Vs. Mutual Funds
MUTUAL FUNDS
GOLD
Complicated
Greater market risk Involved
Options to invest in Equity linked saving scheme (ELSS), Equity mutual funds, debt fund, liquid funds, etc.
More opportunity cost
Latest News on Gold Rate in Ahmedabad
29-05-21:
As for the gold prices, the gold prices in Ahmedabad have been showing a healthy rising trend. There are only two basic factors that are the reasons for this increase. One would be that the risk aversion has clearly taken centre stage, with the investors selling large equities and buying gold. Investors have also been diversifying their portfolios which have continued to be the reason for the rise in prices. As for the month of May, the gold rates in Ahmedabad have been greatly steady.
26-05-21:
A jeweller on Monday filed a complaint with police where he mentioned that one of his customer’s, a man stole a gold chain worth Rs 71,500 after saying he was going outside the jewellery shop to spit out paan dregs in the city. It was during this time that he stole the chain and just fleed. The man was reported to have come to the shop with another person in the New Ranip area of Sambrati, Ahmedabad.
FAQs
✅ What is the gold price in Ahmedabad for 916 hallmark gold?
The gold price in Ahmedabad for 916 hallmark gold is ₹ 45,900. The 916 KDM gold price is the same as the 22-carat hallmark gold.
✅ What is the price of 1 gram of gold in Ahmedabad today?
The price of 1 gm gold in Ahmedabad today is ₹ 5,010 for 24 carats of gold and ₹ 45,900 for 22 carats of gold.
✅ How is today’s gold rate in Ahmedabad 916 determined?
Gold rate in Ahmedabad can be determined using different factors such as the demand for gold; if there is low demand, then the prices of gold are also low, and vice versa; interest rates in the developed countries. The gold rate in Ahmedabad is also affected by the various Government policies such as the tariffs on gold, the tariffs the local government charges, etc.
About Ahmedabad
Ahmedabad is one of the largest and most populous cities in India and is known to be the former capital of the state of Gujarat. It is famous for its tourist attraction because the city itself is situated on the banks of the Sabarmati river. It is also famous for its world-renowned cotton textiles and other industries as well. textiles
