Today Gold Rate In Gujarat
| 22-Carat Gold Rate | 24-Carat Gold Rate |
| ₹ 4,082 | ₹ 4,365 |
| (Per Gram) | (Per Gram) |
Gold Rate In Gujarat
Gold is mainly used for jewelry and investment in Gujarat, and the state is one of the world’s largest gold consumers. Unlike in other countries, where gold is primarily used for industrial purposes, gold in Gujarat is primarily used as an investment tool as the gold rate in Gujarat is quite affordable. Gold is widely regarded as a relatively safe investment, especially during periods of economic or political unrest as seen by the gold rate in Gujarat. The price of gold is relatively constant during relatively calm times, but it fluctuates during times of conflict.
22 Carat & 24 Carat Gold Rate In Gujarat Per Gram (INR)
| Gold Rate Today | Gold Rate Yesterday |
Gold Rate Change(%)
|
|
| 22 Carat | 4267 | 4266 | 0.02% |
| 24 Carat | 4,564 | 4,563 | 0.02% |
Today 24 Carat Gold Rate In Gujarat (INR)
| GRAM | 24 Carat Gold Yesterday | 24 Carat Gold Today | Daily Price |
| 1 gram | 4563 | 4564 | 0.02% |
| 8 gram | 36,500 | 36,508 | 0.02% |
| 10 gram | 45,625 | 45,635 | 0.02% |
| 100 gram | 4,562,501 | 4,563,517 | 0.02% |
Today 22 Carat Gold Rate In Gujarat (INR)
| GRAM | 22 Carat Gold Yesterday | 22 Carat Gold Today | Daily Price |
| 1 gram | 4266 | 4267 | 0.02% |
| 8 gram | 34,125 | 34,133 | 0.02% |
| 10 gram | 42,657 | 42,667 | 0.02% |
| 100 gram | 4,265,654 | 4,266,670 | 0.02% |
22 & 24 Carat Gold Rate In Gujarat for Last 90 Days
| Date |
Standard Gold – 22 K
|
Pure Gold – 24 K
|
||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 2021-03-13 | 4,267 | 34,133 | 4,564 | 36,508 |
| 2021-03-12 | 4,266 | 34,125 | 4,563 | 36,500 |
| 2021-03-11 | 4,266 | 34,125 | 4,563 | 36,500 |
| 2021-03-10 | 4,259 | 34,068 | 4,554 | 36,435 |
| 2021-03-09 | 4,198 | 33,580 | 4,489 | 35,914 |
| 2021-03-08 | 4,238 | 33,906 | 4,533 | 36,264 |
| 2021-03-07 | 4,238 | 33,906 | 4,533 | 36,264 |
| 2021-03-06 | 4,231 | 33,849 | 4,525 | 36,199 |
| 2021-03-05 | 4,210 | 33,678 | 4,503 | 36,020 |
| 2021-03-04 | 4,265 | 34,117 | 4,560 | 36,484 |
| 2021-03-03 | 4,330 | 34,638 | 4,631 | 37,045 |
| 2021-03-02 | 4,301 | 34,410 | 4,601 | 36,809 |
| 2021-03-01 | 4,347 | 34,776 | 4,649 | 37,191 |
| 2021-02-28 | 4,347 | 34,776 | 4,649 | 37,191 |
| 2021-02-27 | 4,345 | 34,760 | 4,647 | 37,175 |
| 2021-02-26 | 4,413 | 35,304 | 4,720 | 37,761 |
| 2021-02-25 | 4,428 | 35,426 | 4,736 | 37,891 |
| 2021-02-24 | 4,447 | 35,573 | 4,756 | 38,045 |
| 2021-02-23 | 4,461 | 35,687 | 4,771 | 38,167 |
| 2021-02-22 | 4,408 | 35,264 | 4,714 | 37,712 |
| 2021-02-21 | 4,406 | 35,248 | 4,712 | 37,696 |
| 2021-02-20 | 4,399 | 35,191 | 4,705 | 37,639 |
| 2021-02-19 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-18 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-17 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-16 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-15 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-14 | 4,510 | 36,077 | 4,824 | 38,590 |
| 2021-02-13 | 4,496 | 35,971 | 4,809 | 38,468 |
| 2021-02-12 | 4,519 | 36,150 | 4,833 | 38,663 |
| 2021-02-11 | 4,569 | 36,549 | 4,886 | 39,086 |
| 2021-02-10 | 4,553 | 36,427 | 4,870 | 38,956 |
| 2021-02-09 | 4,548 | 36,386 | 4,864 | 38,915 |
| 2021-02-08 | 4,496 | 35,971 | 4,809 | 38,468 |
| 2021-02-07 | 4,492 | 35,939 | 4,804 | 38,436 |
| 2021-02-06 | 4,489 | 35,914 | 4,801 | 38,411 |
| 2021-02-05 | 4,453 | 35,622 | 4,762 | 38,094 |
| 2021-02-04 | 4,547 | 36,378 | 4,863 | 38,907 |
| 2021-02-03 | 4,559 | 36,476 | 4,877 | 39,013 |
| 2021-02-02 | 4,635 | 37,077 | 4,957 | 39,656 |
| 2021-02-01 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-31 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-30 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-29 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-28 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-27 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-26 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-25 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-24 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-23 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-22 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-21 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-20 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-19 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-18 | 4,552 | 36,419 | 4,870 | 38,956 |
| 2021-01-17 | 4,550 | 36,402 | 4,867 | 38,940 |
| 2021-01-16 | 4,555 | 36,443 | 4,872 | 38,972 |
| 2021-01-15 | 4,602 | 36,817 | 4,921 | 39,371 |
| 2021-01-14 | 4,614 | 36,915 | 4,936 | 39,485 |
| 2021-01-13 | 4,605 | 36,842 | 4,925 | 39,403 |
| 2021-01-12 | 4,621 | 36,972 | 4,943 | 39,542 |
| 2021-01-11 | 4,619 | 36,955 | 4,941 | 39,525 |
| 2021-01-10 | 4,619 | 36,955 | 4,941 | 39,525 |
| 2021-01-09 | 4,597 | 36,777 | 4,916 | 39,330 |
| 2021-01-08 | 4,793 | 38,346 | 5,127 | 41,014 |
| 2021-01-07 | 4,757 | 38,053 | 5,088 | 40,705 |
| 2021-01-06 | 4,860 | 38,883 | 5,198 | 41,583 |
| 2021-01-05 | 4,831 | 38,647 | 5,166 | 41,331 |
| 2021-01-04 | 4,724 | 37,793 | 5,053 | 40,420 |
| 2021-01-03 | 4,724 | 37,793 | 5,053 | 40,420 |
| 2021-01-02 | 4,724 | 37,793 | 5,053 | 40,420 |
| 2021-01-01 | 4,710 | 37,679 | 5,037 | 40,298 |
| 2020-12-31 | 4,713 | 37,704 | 5,040 | 40,322 |
| 2020-12-30 | 4,696 | 37,565 | 5,022 | 40,176 |
| 2020-12-29 | 4,698 | 37,582 | 5,024 | 40,192 |
| 2020-12-28 | 4,694 | 37,549 | 5,020 | 40,160 |
| 2020-12-27 | 4,691 | 37,525 | 5,017 | 40,135 |
| 2020-12-26 | 4,691 | 37,525 | 5,017 | 40,135 |
| 2020-12-25 | 4,706 | 37,647 | 5,033 | 40,265 |
| 2020-12-24 | 4,708 | 37,663 | 5,034 | 40,274 |
| 2020-12-23 | 4,689 | 37,508 | 5,014 | 40,111 |
| 2020-12-22 | 4,726 | 37,809 | 5,055 | 40,436 |
| 2020-12-21 | 4,715 | 37,720 | 5,042 | 40,339 |
| 2020-12-20 | 4,715 | 37,720 | 5,042 | 40,339 |
| 2020-12-19 | 4,713 | 37,704 | 5,040 | 40,322 |
| 2020-12-18 | 4,716 | 37,728 | 5,043 | 40,347 |
| 2020-12-17 | 4,652 | 37,216 | 4,976 | 39,810 |
| 2020-12-16 | 4,634 | 37,069 | 4,956 | 39,647 |
| 2020-12-15 | 4,582 | 36,655 | 4,900 | 39,200 |
| 2020-12-14 | 4,618 | 36,947 | 4,940 | 39,517 |
How To Invest In Gold
The gold rate in Gujarat varies from time to time. Gold is generally purchased in Gujarat as a relatively safe investment that has traditionally appreciated significantly. Despite the fact that Indians invest heavily in other investment channels such as real estate, gold continues to be a significant part of their portfolio.
In Gujarat, buying gold jewellery is still the most common way to invest in gold. Gold is traditionally purchased by people of all economic classes on festive and auspicious occasions because it has a long history of being a safe and simple investment and the gold rate in Gujarat is affordable by many. The only disadvantage to buying gold jewellery is that you’ll have to pay for production costs, which might add another 10% to the cost.
Furthermore, because the popularity of styles and fashion changes over time, the price you receive for your jewellery may not be the same when you decide to sell it. You would incur additional expenses if you sell the jewellery to a jeweller other than the one where you bought it in accordance with the gold rate in Gujarat.
While buying gold jewellery for immediate use is a viable option, if you plan to keep it as a long-term investment, there are other more convenient and cost-effective options available now.
Gold is historically kept in Gujarat in the form of coins, bars, and jewellery. New sources of gold trading have appeared in recent years, supplying investors with new ways to trade gold. Investors can now buy gold-related stocks and mutual funds while analyzing the gold rate in Gujarat to recieve the best offers. For example, ETFs (Exchange Traded Funds) are simple financial instruments that combine the flexibility of a stock investment with the simplicity of a gold investment. The following are some of the more common ways to invest in gold in Gujarat:
There are gold coins, gold biscuits, and gold bars to choose from:
Another way to invest in gold is to buy gold coins, biscuits, or bars according to your preference in line with the gold rate in Gujarat. You can get coins in a variety of weights to fit different budgets. Coins may be purchased from a bank or a reputable jewelry store. Bear in mind, though, that banks only sell gold coins and do not buy them back, so you’ll have to sell them to a jeweler.
ETFs that invest in gold include the following:
Newer approaches, such as ETFs, gold mutual funds, and derivatives, are increasingly replacing conventional gold investment strategies, such as buying jewellery. Individuals in Gujarat who want to invest in gold can buy Exchange Traded Funds (ETFs) while observing the gold rate in Gujarat.
Online gold ETF investments have revolutionised the way gold is purchased and given gold investments in Gujarat a whole new dimension. They’re becoming more popular as they provide a range of benefits over purchasing real gold jewellery or coins.
1. ETFs are easy to buy and sell and have no liquidity concerns since they are listed on a stock exchange.
2. You could be eligible for tax incentives if you hold it for more than a year.
3. Since the ETFs are held in a demat account, you won’t have to worry about physical security or storage issues with the gold asset. There is no chance of theft since ETFs are stored in electronic form. You escape a lot of the hassles and worries that come with buying real gold, such as jewellery.
However, trading in ETFs on your trading account comes at an expense, which is typically a percentage of the investment. You may be fined for keeping the gold in the bank vault as well.
The majority of investors in gold ETFs do so because of the instrument’s high liquidity and ease of use. Keep in mind, however, that in order to trade gold stocks, you’ll need a risk appetite as well as experience with gold as a commodity and capital markets in general and you need to understand the pattern of the gold rate in Gujarat.
Gold prices, like all other commodity prices, rise and fall for a number of reasons, necessitating continuous attention, disciplined market analysis, and the ability to analyze pricing details.
Gold mutual funds and derivatives:
There are a variety of other ways to invest in gold. You may invest in mutual funds that hold units of other gold-related funds, such as a fund of funds (FOF). Alternatively, you can invest in a fund that owns the stocks of gold firms that are publicly traded on global stock exchanges but keep in mind that you need to be aware about the current gold rate in Gujarat.
Trading in derivatives is another alternative. However, you will need an account with a commodities broker and will be required to pay trading fees. Derivatives trading is a high-risk investment option.
How To Buy Gold
Given the numerous choices available, purchasing gold isn’t rocket science, but there are a few sensible approaches. Investing in gold can be a costly investment, so bear the following considerations in mind before parting with your hard-earned cash.
Analyze the gold rate In Gujarat:
Gold prices fluctuate on a regular basis, so it’s important to keep track of market dynamics and keep up with the latest news and the current gold rate in Gujarat. This will assist you in making the best and most educated purchase or sale decision possible.
Choose the kind of gold you’d like to purchase:
Blocks, coins, gold reserves, and jewelry are all examples of gold items. Each form has advantages and disadvantages. If you want to sell gold in the future, jewelry will not be the best option, and you should consider other gold investment choices keeping in check with the gold rate in Gujarat.
Ascertain Certification:
The certification of gold is the most important thing to remember when investing in gold. Only Assaying and Hallmarking Centres are allowed to certify the purity of gold; jewellers are not permitted to do so. These Assaying Centres can only accept jewellery from BIS (Bureau of Indian Standards)-licensed jewellers. Hallmarked jewelry may testify to various caratage amounts, so a hallmark does not always mean 24K purity – it may also indicate 21K, 18K, or even 14K purity.
Online purchase:
Today, there is a slew of online gold sellers. Although shopping online is easy, you must be very careful to purchase only from reputable approved sellers because there is a lot of space for adulteration and cheating.
How To Buy Gold Coins In Gujarat
In Gujarat, gold coins are a popular gift, particularly for auspicious occasions. It’s also a good investment because gold coins come in different weights, allowing investors to choose according to their budget. A wide range of jewellers and banks sell gold coins. Gold coins can also be bought online, but purchasing from someone who isn’t a licenced jeweller or seller can be dangerous. Make sure you get a purity certificate when you buy a gold coin. Banks are allowed to sell gold coins but not to trade in them, so you may not be able to sell them back to them.
How To Buy Gold Bars
The most important thing to note when buying gold is to always monitor the current gold rate in Gujarat . Banks and large jewellers can sell gold bars, which are typically reserved for serious investors. These bars are usually 500 grams to one kilogram in weight.
How To Sell Gold?
In Gujarat, gold is always in demand, rendering it a highly liquid commodity. Selling gold is easy since most jewellers and pawnshops would buy it. Remember that jewellers only pay for the weight of gold, not the design, so intricately designed jewellery can sell for less than you think. Although many jewellers and pawn shops are willing to pay market rates for gold, some jewellers are willing to pay less altering the gold rate in Gujarat.
It’s a good idea to get quotes from a few different buyers before making a decision. To get the best price, you need to be aware of current gold rate in Gujarat as well as the weight of the gold you want to sell.
Selling gold coins and gold bars rather than jewellery is usually a good idea because jewellers will pay you more for them. If you have an emergency and don’t want to sell your jewellery, you can always take out a gold loan against it. Gold loans are available from banks and other non-bank financial institutions (NBFCs) at reasonable interest rates. Since your gold is used as collateral, there is very little paperwork needed, and the loan approval and disbursement processes are both simple.
How Much Is Gold Worth?
Gold is one of the few metals whose value will never dwindle. Predicting the price of gold and whether it will continue to appreciate as a commodity is, however, difficult. Although gold prices are continuously fluctuating as seen in the trend of the gold rate in Gujarat , they have traditionally been on the rise.
Factors Affecting Gold Rate In Gujarat
Some of the major factors that influence the price of gold in Gujarat are mentioned below:
Value of the US Dollar: A strong US dollar means a lower gold rate in Gujarat , as investors tend to put their money in the currency rather than the metal. If the dollar depreciates, banks, on the other hand, tend to invest in gold rather than the depreciating dollar. This precaution is being taken to avoid any potential dangers. As a result of the increased demand, the price of gold increases. As the US dollar rises, investors shift their investments from gold to the US dollar. The price of gold declines as the demand for gold decreases.
Import costs: Since Gujarat imports a large percentage of its gold, import rates have an effect on gold prices within the state. Since gold is traded in US dollars, a stronger dollar makes buying gold more expensive.
Interest Rates on Fixed Deposits: A fixed deposit is the most popular investment choice for many millions of Indians. Gold is close behind in second place. Investors turn to gold as an alternative investment when interest rates on savings accounts fall. Gold’s price rises as demand rises.
Economic Stability: Since gold is viewed as a stable asset, its price rises during economic downturns. Investors are moving their money away from riskier investments and toward gold. Gold is therefore highly liquid and is held in high regard during times of turbulence.
Seasonal Price: In Gujarat, demand for gold tends to rise during auspicious festivals, marriage seasons, and other occasions, resulting in higher prices.
Inflation: During times of inflation, the price of gold continues to rise. This spiraling trend raises the price of gold, which is purchased as a hedge against inflation.
Demand-Supply: Gujarat contributes just 0.75 percent of the total gold output in the world. There is a supply shortage in Gujarat because the domestic gold output is severely reduced. Gold is manufactured in large quantities to meet the skyrocketing demand. Similarly, when there is a shortage of gold on the global market, gold prices increase.
Costs of Mining/Production: Gold mining consumes a lot of energy per gramme of gold extracted, which is factored into the price. The gold price is subject to increases by mining companies due to increasing production costs. The price of gold imported into Gujarat reflects this.
International prices: As gold prices rise on the international market, so does the price of gold in Gujarat. When central banks purchase gold as a hedge against inflation, for example, the price of gold continues to rise globally.
It’s also worth noting that gold prices in Gujarat can vary significantly between cities. The following are the key reasons for variations in domestic gold prices:
Transportation costs: The bulk of Gujarat’s gold is imported, so transportation costs are high. Port cities like Mumbai and Chennai have slightly lower prices than cities farther away from the port as a result of the cost of transportation of the precious metal.
State and local taxes: Different states in Gujarat levy different taxes, resulting in price disparities between them.
Measurement Of Gold
Gold is measured in troy ounces or grams (1 troy ounce = 31.1034768 grams).
What is a Karat?
A karat is a unit of gold purity measurement. To put it another way, it is a unit of fineness or purity. It refers to the proportion of gold in a copper alloy. Pure gold is too fragile to be used in jewellery and other uses without being alloyed with another element.
24K gold, also known as 24 Karat gold, is pure gold. The fineness scale used to determine the purity of gold is as follows:
- The purity of 24 K is 99.9%.
- 91.3 percent pure = 22 K
- 18 K equates to 75% purity.
- 58.5 percent pure = 14 K
- The purity of 10 K is 41.7 percent.
FAQs on Gold Rate In Gujarat
✅ Can I get physical gold against my purchased gold for ETF units?
Gold ETFs can only be converted to real gold once they reach a certain size/amount. Most ETFs only allow investors to convert a minimum of 1kg of gold, while others allow them to redeem units for a minimum of 10 grams of gold.
✅ Is it safe to invest in gold through Paytm?
Yes, it is safe to invest through Paytm as it is in association with MMTC-PAMP
✅ Why can’t we make gold jewelry in 24K?
The purity of gold is measured in karats. While 24KT gold is the purest type of gold, it is too fragile to be used in jewelry. As a result, jewelers make jewelry out of 22KT or 14KT gold, which includes 91.6 percent and 75 percent gold, respectively.
✅ What is the making charge on gold in India?
Making fees can differ depending on the type of jewelry you want to purchase. Every ornament necessitates a unique method of cutting and finishing. Making charges can be quoted in two ways: as a percentage of the gold value or as a flat rate per gram of gold.
