Gold Rate In Vadodara Today

Located in the state of Gujarat, Vadodara is an important industrial city in the region. With various seats of education and a burgeoning population, bullion demand has always been high. Sought after for jewellery as well as investment purposes, gold rates in Vadodara are dependent on local as well as overseas demand. A more comprehensive analysis of gold prices in Vadodara as well as trends can be found below.
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  • Today's Gold Rate in Vadodara ( 24 Sep 2021 )

    ₹ 4,474
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Vadodara (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,474 ₹ 4,499 ₹ -25 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 35,792 ₹ 35,992 ₹ -200 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,698 ₹ 4,724 ₹ -26 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 37,584 ₹ 37,792 ₹ -208 ↓

    Gold Price In Vadodara For Last 10 Days

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    23 Sep 2021 ₹ 4,474 ₹ 35,792 ₹ 4,698 ₹ 37,584
    22 Sep 2021 ₹ 4,499 ₹ 35,992 ₹ 4,724 ₹ 37,792
    21 Sep 2021 ₹ 4,464 ₹ 35,712 ₹ 4,687 ₹ 37,496
    20 Sep 2021 ₹ 4,444 ₹ 35,552 ₹ 4,666 ₹ 37,328
    19 Sep 2021 ₹ 4,454 ₹ 35,632 ₹ 4,677 ₹ 37,416
    18 Sep 2021 ₹ 4,454 ₹ 35,632 ₹ 4,677 ₹ 37,416
    17 Sep 2021 ₹ 4,454 ₹ 35,632 ₹ 4,677 ₹ 37,416
    16 Sep 2021 ₹ 4,514 ₹ 36,112 ₹ 4,740 ₹ 37,920
    15 Sep 2021 ₹ 4,544 ₹ 36,352 ₹ 4,771 ₹ 38,168
    14 Sep 2021 ₹ 4,514 ₹ 36,112 ₹ 4,740 ₹ 37,920

    Weekly & Monthly Graph of Gold Rate in Vadodara (1 gram)

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price In Vadodara

    Vadodara is the 3rd largest city in Gujarat. The city has over 2.2 million people and it is also a site of Lakshmi Vilas Palace where the Maharaja of Baroda and the Royal family resides. The city also has the largest University in Gujarat. It has been a cultural and educational centre and it had the first modern factory established in 1907. The large industrial unit’s establishment has paved way for the smaller enterprises.

    Vadodara is also known as the cultural capital of Gujarat. There is enough cash flow in the city for people to invest in gold. The gold prices keep changing based on the international gold rates.

    Trend of Gold Rate in Vadodara for August 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.4,845 per gram
    August 31 Rate Rs.4,771 per gram
    Highest Rate in August Rs.4,845 per gram on 1 and 2 August
    Lowest Rate in August Rs.4,671 per gram on 9, 10, and 11 August
    Overall Performance Decline
    Percentage Change -1.53%

    Trend of Monthly Gold Rate in Vadodara for August 2021:

    • In Vadodara, the gold rate for the month of August opened at Rs.4,845 per gram. When compared to the closing rate of the previous month, there were no changes in the price of gold.
    • The highest price of the precious metal recorded during the month was Rs.4,845 per gram and was recorded on the 1st and 2nd August 2021. The lowest recorded price was from 9th August to 11th of August when a gram of the 24-karat gold was being sold for Rs.4,671 per gram. Gold closed the month standing at Rs.4,771 per gram.
    • The overall performance of the precious yellow metal witnessed a fall of -1.53% during the month in Vadodara.

    Trend of Gold Rate in Vadodara for July 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,745 per gram
    July 31 Rate Rs.4,845 per gram
    Highest Rate in July Rs.4,871 per gram on 16 July
    Lowest Rate in July Rs.4,745 per gram on 1 July
    Overall Performance Incline
    Percentage Change 2.11%

    Trend of Monthly Gold Rate in Vadodara for July 2021:

    • In Vadodara, the gold rate for the month of July opened at Rs.4,745 per gram. When compared to the closing rate of the previous month, the price of gold witnessed a hike of Rs.21 per kg.
    • The highest price of the precious yellow metal recorded during the month was Rs.4,871 per gram and was recorded on 16th July 2021. The lowest recorded price was on the 1st of July when a gram of the 24-karat gold was being sold for Rs.4,745 per gram. Gold closed the month standing at Rs.4,845 per gram.
    • The overall performance of the precious yellow metal witnessed an increase of 2.11% during the month in Vadodara.

    Trend of Gold Rate in Vadodara for June 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,965 per gram
    June 30 Rate Rs.4,724 per gram
    Highest Rate in June Rs.4,986 per gram on 3 June
    Lowest Rate in June Rs.4,043 per gram on 22 and 23 June
    Overall Performance Decline
    Percentage Change -4.85%

    Trend of Monthly Gold Rate in Vadodara for June 2021:

    • In Vadodara, the gold rate for the month of June opened at Rs.4,965 per gram. There was an overall declining trend in the price of the precious metal over the month.
    • The highest price of the precious metal recorded during the month was Rs.4,986 per gram and was recorded on 3rd June 2021. The lowest recorded price was on 22nd and 23rd of June when a gram of the 24-karat gold was being sold for Rs.4,043 per gram. The price at which gold ended the month was Rs.4,724 per gram.
    • The overall performance of the precious yellow metal witnessed a dip of –4.85% during the month in Vadodara.

    Trend of Gold Rate in Vadodara for May 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,713 per gram
    May 31 Rate Rs.4,944 per gram
    Highest Rate in May Rs.4,965 per gram on 26 May
    Lowest Rate in May Rs.4,713 per gram on 1 and 2 May
    Overall Performance Incline
    Percentage Change 4.90%

    Trend of Monthly Gold Rate in Vadodara for May 2021:

    • Gold rate in Vadodara opened the month of May at Rs.4,713 per gram. When compared to the closing price of the previous month, the rate of the yellow metal saw no change in the city.
    • The yellow metal recorded its highest and lowest price for the month on 26th and 1st May. On the mentioned dates, a gram of 24-karat gold cost Rs.4,965 and Rs.4,713 respectively.
    • Gold closed the month at Rs.4,944 per gram. The overall performance of the yellow metal in the city was one of incline with the recorded percentage change being 4.90%.

    Trend of Gold Rate in Vadodara for April 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,516 per gram
    April 30 Rate Rs.4,713 per gram
    Highest Rate in April Rs.4,845 per gram on 22 April
    Lowest Rate in April Rs.4,516 per gram on 1 April
    Overall Performance Incline
    Percentage Change 4.36%

    Trend of Monthly Gold Rate in Vadodara for April 2021:

    • Gold rate in Vadodara opened at the rate of Rs.4,516 per gram on 1 April which was also the lowest recorded price of the precious metal during the month. It witnessed an inclining trend over the month.
    • The price of the precious metal witnessed an overall hike over the month. However, the prices fluctuated and had hit the highest price point on 22nd of April wherein it was being traded at the rate of Rs.4,845 per gram.
    • The month closed with the gold price standing at Rs.4,713 per gram. For the month of April, the price of the precious metal witnessed a percentage hike of 5.56% in Vadodara.

    Trend of Gold Rate in Vadodara for March 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,662 per gram
    March 31 Rate Rs.4,461 per gram
    Highest Rate in March Rs.4,662 per gram on 1 March
    Lowest Rate in March Rs.4,461 per gram on 31 March
    Overall Performance Decline
    Percentage Change -4.31%

    Trend of Monthly Gold Rate in Vadodara for March 2021:

    • Gold rates in Vadodara for the month of March 2021, opened at the rate of Rs.4,662 per gram. It closed the month standing at the rate of Rs.4,461 per gram.
    • The highest price of the precious metal was recorded on 1 March 2021 wherein it stood at the rate of Rs.4,662 per gram. The lowest recorded price during the month was Rs.4,461 per gram for 24 karat gold. This was recorded on the 31st of March 2021.
    • The overall performance of the yellow metal witnessed a decline of -4.31% during the month.

    Trend of Gold Rate in Vadodara for February 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,984 per gram
    February 28 Rate Rs.4,637 per gram
    Highest Rate in February Rs.4,984 per gram on 1 February
    Lowest Rate in February Rs.4,637 per gram on 27 and 28 February
    Overall Performance Decline
    Percentage Change -6.96%

    Trend of Monthly Gold Rate in Vadodara for February 2021:

    • In Vadodara, gold price at the start of February was Rs.4,984 per gram. When compared to the closing price of the previous month, the price of the yellow metal was up by Rs.7 for every gram.
    • Over the month of January, gold recorded its highest and lowest price on 1st and 27th February. On the mentioned dates, a gram of the yellow metal was retailed for Rs.4,984 and Rs.4,637 respectively.
    • Gold price in Vadodara closed the month at Rs.4,637 per gram. The precious metal witnessed a declining trend with the percentage change standing at -6.96%.

    Trend of Gold Rate in Vadodara for January 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.5,068 per gram
    January 31 Rate Rs.4,977 per gram
    Highest Rate in January Rs.5,203 per gram on 6 January
    Lowest Rate in January Rs.4,925 per gram on 29 January
    Overall Performance Decline
    Percentage Change -1.79%

    Trend of Monthly Gold Rate in Vadodara for January 2021:

    • Gold price in Vadodara at the start of the month was Rs.5,068 per gram. When compared to the closing price of the previous month, the price of the yellow metal didn’t see any change.
    • Over the month of January, gold rate witnessed a declining trend in the city. The precious metal recorded its highest and lowest price for the month on 6th and 29th January when a gram was retailed for Rs.5,203 and Rs.4,925 respectively.
    • Gold closed the month at Rs.4,977 per gram. The percentage change recorded in the rates stood at -1.79%

    Trend of Gold Rate in Vadodara for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate Rs.4,835 per gram
    December 31 Rate Rs.5,063 per gram
    Highest Rate in December Rs.5,120 per gram on 21 December
    Lowest Rate in December Rs.4,835 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.71%

    Trend of Monthly Gold Rate in Vadodara for December 2020:

    • Prices of gold in Vadodara started off in the month of December at Rs.4,835 per gram for 24 karat gold.
    • The rate of gold in Vadodara continued to rise steadily throughout the month, hitting the highest price point on 21 December at Rs.5,120 per gram.
    • Vadodara gold prices were on an upward incline throughout the month of December, closing the month at Rs.5,063 per gram with the lowest price point being on the first day of the month itself, at Rs.4,835 per gram.
    • The overall performance of gold in Vadodara in December was on a steady incline with a percentage change of 4.71% through the month.

    Trend of Gold Rate in Vadodara for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,162 per gram
    November 30 Rate Rs.4,879 per gram
    Highest Rate in November Rs.5,205 per gram on 7, 8 and 9 November
    Lowest Rate in November Rs.4,879 per gram on 28, 29 and 30 November
    Overall Performance Decline
    Percentage Change -5.48%

    Trend of Monthly Gold Rate in Vadodara for November 2020:

    • On 1 November 2020, the price of gold in Vadodara was at Rs.5,162 per gram. When compared to the last day of the previous month, the prices of the yellow metal remained the same.
    • After remaining the same over the first four days of the month, gold rates fell on 5 November 2020. Over the next 18 days, the prices of gold fluctuated in the city. Over the last 7 days of the month, gold rates reduced.
    • The highest and lowest rates that the yellow metal recorded for the month were Rs.5,205 per gram and Rs.4,879 per gram, respectively. Overall, gold prices reduced by 5.48% over the course of the month in Vadodara.

    Trend of Gold Rate in Vadodara for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,159 per gram
    October 31 Rate  Rs.5,162 per gram
    Highest Rate in October Rs.5,231 per gram on 12 October
    Lowest Rate in October Rs.4,914 per gram on 17 October and 18 October
    Overall Performance  Incline
    Percentage Change 0.05%

    Trend of Monthly Gold Rate in Vadodara for October 2020

    • The price of gold In Vadodara for the month of October opened at the rate of Rs.5,159 per gram.
    • The gold price witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,231 on 12 October.
    • Over the rest of the month, gold rate in Vadodara remained unsteady and recorded its lowest price for the month on 17 October and 18 October when a gram of the 24-karat gold was being traded for Rs.4,914. Gold price closed the month at the rate of Rs.5,162 per gram. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 0.05%.

    Trend of Gold Rate in Vadodara for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,250 per gram
    September 31 Rate Rs.5,145 per gram
    Highest Rate in September Rs.5,311 per gram on 17 September
    Lowest Rate in September Rs.5,072 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2.00%

    Trend of Monthly Gold Rate in Vadodara for September 2020:

    • On 1 September 2020, the price of gold in Vadodara was at Rs.5,250 per gram. Gold prices fluctuated over the first 16 days of the month. On 17 September, gold hit its highest rate for the month and was at Rs.5,311 for a gram.
    • Gold prices fluctuated in the city from 18 September to 23 September. From 24 September until the end of the month, the prices of the yellow metal fell. On 29 September, gold hit its lowest rate for the month and was at Rs.5,072 per gram. Overall, gold prices reduced by 2.00% over the course of the month.

    Trend of Gold Rate in Vadodara for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,465 per gram
    August 31 Rate Rs.5,240 per gram
    Highest Rate in August Rs.5,712 per gram on 8 August
    Lowest Rate in August Rs.5,221 per gram on 29 August
    Overall Performance Decline
    Percentage Change -4.46%

    Trend of Monthly Gold Rate in Vadodara for August 2020:

    • Gold prices in Vadodara opened at the month of August at Rs.5,465 per gram. There was an increase of Rs.10 for every gram when compared to the closing price of the previous month.
    • The price of yellow metal increased in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th August when a gram was retailed for Rs.5,712.
    • Over the rest of the month, gold rates remained unsteady and recorded its lowest price for the month on 29th August when a gram of the 24-karat gold was retailed for Rs.5,221. Gold price closed the month at Rs.5,240 per gram with the overall performance witnessing a declining trend. The percentage change stood at -4.46%.

    Trend of Gold Rate in Vadodara for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,943 per gram
    July 31 Rate Rs.5,455 per gram
    Highest Rate in July Rs.5,455 per gram on 31 July
    Lowest Rate in July Rs.4,919 per gram on 7 July
    Overall Performance Incline
    Percentage Change 10.3%

    Trend of Monthly Gold Rate in Vadodara for July 2020:

    • Gold price in Vadodara was Rs.4,943 per gram in July, riding on the back of increased optimism over a coronavirus vaccine, which increased investor appetite for higher-risk assets.
    • Gold rate in Vadodara slipped to the lowest on 7 July, at Rs.4,919 per gram but rose to the highest price of Rs.5,455 per gram by 31 July, with the slip in the dollar and dismal US jobs data spelling pessimism over the economy recovering from the coronavirus crisis.
    • Overall, the monthly percentage change on price of gold in Vadodara was on an incline of 10.3%.

    Trend of Gold Rate in Vadodara for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,727 per gram
    June 30 Rate Rs.4,959 per gram
    Highest Rate in June Rs.4,959 per gram on 30 June
    Lowest Rate in June Rs.4,706 per gram on 8, 9, and 10 June
    Overall Performance Incline
    Percentage Change 4.9%

    Trend of Monthly Gold Rate in Vadodara for June 2020:

    • During the month of June, the yellow metal opened at the rate of Rs.4,727 per gram in Vadodara. By the second week, the lowest price of gold was recorded for the month on 8, 9, and 10 June 2020 wherein it stood at the rate of Rs.4,706 per gram. For the rest of the month, the prices generally depicted an upward trend.
    • The demand of the yellow metal increased multiple times as the number of COVID-19 positive cases kept increasing, especially in India and USA. The overall economy and business growth have been stunted owing to the same reason.
    • The month of June ended with the price of the precious metal standing at the rate of Rs.4,959 per gram. This was also the highest rate of the yellow metal which was recorded in the month of June. Over the month, there was a percentage increase of 4.9% in the performance of gold in Vadodara.

    Trend of Gold Rate in Vadodara for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,727 per gram
    Highest Rate in May Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,646 per gram from 2 May
    Overall Performance Incline
    Percentage Change 0.59%

    Trend of Monthly Gold Rate in Vadodara for May 2020:

    • On 1 May 2020, the price of gold in Vadodara was at Rs.4,699 for a gram. Over the course of the month, gold rates saw a marginal increase in its prices. On 2 May 2020, gold hit its lowest rate for the month and was at Rs.4,646 per gram. The dip in prices was contributed to the positive equities data, which led to a boost for riskier assets. By 3 May 2020, the price of gold improved marginally and was at Rs.4,751 for a gram. The prices of the yellow metal were steady on the next day. Investors moving away from riskier products due to the increase in the number of coronavirus cases led to the hike in prices. On 5 May, the price of gold dropped marginally and was at Rs.4,679 per gram. On 6 May and 7 May, gold rates were steady and closed the week at Rs.4,694 for a gram.
    • Gold prices opened the second week at Rs.4,694 per gram. Over the first half of the week, the prices of the yellow metal fluctuated. On 9 May, gold rates dropped and were at Rs.4,678 for a gram. The prices of gold remained the same the next day. On 11 May and 12 May, the prices of gold increased and were at Rs.4,694 per gram. On 13 May, the prices increased again and were at Rs.4,741 for a gram. The rising tensions between China and the US led to investors moving towards the bullion market, leading to an increase in prices. On 14 May 2020, the price of gold dropped by Rs.21 and was at Rs.4,720 per gram. Investors moving to the equities market because of the appetite for riskier products ensured that the prices of gold reduced. Gold prices increased on the last day of the week and were at Rs.4,788 for a gram.
    • Gold opened the third week at Rs.4,841 per gram, seeing a Rs.53 increase in prices when compared to the last day of the second week. A weak dollar ensured that the prices of gold increased. Gold rates remained the same the next day. On 18 May 2020, the price of gold increased by Rs.42 and was at Rs.4,883 for a gram. Investors moving away from riskier assets led to an increase in prices. The tensions between China and the US rose because of the security law that China imposed on Hong Kong. The price of gold remained the same on 19 May 2020, before falling to Rs.4,851 per gram on 20 May. The easing of lockdown restrictions in many countries led to the fall in prices. Over the last two days of the week, the prices of gold remained the same and were at Rs.4,851 for a gram.
    • On the first day of the fourth week, gold rates reduced and were at Rs.4,802 per gram. Investors moved towards the bullion market due to geopolitical tensions and the riots breaking out in several states in the US. On 26 May, the price of gold reduced to Rs.4,775 for a gram. Gold rates remained the same on the next day. From 29 May to 30 May, the prices of gold were at Rs.4,746 per gram. Investors were expecting the economy to recover faster and moved towards riskier assets. This ensured that the prices of gold reduced. On 31 May 2020, gold rates were at Rs.4,727 for a gram. Overall, the prices of gold in Vadodara saw an incline of 0.59% over the course of the month.

    Trend of Gold Rate in Vadodara for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,229 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,229 per gram from 1 April to 20 April
    Overall Performance Incline
    Percentage Change 12.57%

    Trend of Monthly Gold Rate in Vadodara for April 2020:

    • In Vadodara, the month of April opened with the precious metal standing at the rate of Rs.4,229 per gram on 1 April. This was the lowest recorded rate for the metal during the month. The price of gold had remained constant and did not fluctuate for the next 19 consecutive days. Till 20 April, the rates of the yellow metal had been staggering at Rs.4,229 per gram. Although the city saw the prices of the metal remaining the same for half of the month, it had been held back by a strong U.S. Dollar. These 19 days had witnessed a lot of investors waiting for the non-farm payrolls data to be released by the U.S. as that would be their cue on the effects of the coronavirus that it would have had on the global economy.
    • By 21 April, the metal prices had increased by Rs.613. On this day, gold was being sold at Rs.4,842 per gram. The hike in the price of gold has been linked to investors adhering to the safe-haven metal as a refuge after the world had seen a deep slip fall in prices of the oil. This had, in turn, cropped up more fears over the world about an economic fallout on a global scale. A lot of countries had been under lockdown as the wide-spread coronavirus had been hovering over the world. By 22 April, the rates of gold had decreased to Rs.4,830 per gram.
    • The next few days saw a lot of fluctuations in the price of gold. After having reached Rs.4,757 per gram on 26 April, the price of gold had increased to Rs.4,846 per gram on 29 April. As equities had started to firm, there had been expectations for more economic stimulus measures being rolled out by banks. This had limited the losses. There had been a huge increase in risk appetite as a lot of stimulus measures had been released by Japan's central bank. A lot of countries had started easing the restrictions that had been in place for absorbing the impact of the coronavirus. These factors had eventually led to a fluctuation in the price of gold during the last week of April. The month had come to an end with the metal standing at Rs.4,761 per gram. During the month of April, the precious yellow metal witnessed an overall increase of 12.57% in its performance.

    Trend of Gold Rate in Vadodara for March 2020 (rates per gram for 24 karat gold)

    Parameters Gold Price (24 karat)
    March 1 Rate Rs.4,291 per gram
    March 31 Rate Rs.4,229 per gram
    Highest Rate in March Rs.4,497 per gram on 12 March 2020
    Lowest Rate in March Rs.4,153 per gram on 18 March 2020
    Overall Monthly Performance Decline
    Percentage Change -1.4%

    Gold Rate Trend in Vadodara for March 2020:

    • In Vadodara, the rates of gold in March had seen a deep fall from Rs.4,291 per gram to Rs.4,229 per gram. This is a fall of 1.4%. The precious metal had witnessed its price rise to Rs.4,338 per gram on 3 March (by Rs.109). Slowly having recovered from a huge price dip that had been led by traders hoping for interest rate cuts by the U.S. Federal Reserve, gold had undergone a huge hike in its rate. The first one week of the month had closed curtains with the metal settling at Rs.4,497 per gram.
    • Three days later, on 11 March, the rates of this yellow metal had dipped by Rs.4,476 per gram (by Rs.21). After the metal went through some fluctuations in its price, the price of gold had reached Rs.4,269 per gram on 16 March. The prices of the metal had then fallen when the investors had opened the selling door. They had begun selling all of their gold in an attempt to hoard cash. The move had been made to try and meet the margin call. The rates of the metal had reached Rs.4.153 per gram by 18 March. On this day, the metal had reached its lowest in the month. This drop in price can be linked with traders having liquidated their positions in the precious metal. The traders decided to make this move despite the measures by the central banks for fighting the pandemic which had sunk the economy into havoc. On 21 March, the yellow metal prices had increased by Rs.76 to Rs.4,229 per gram. The announcements about the monetary stimulus by central banks in order to help the economy had led to this rise in price.
    • The last week of March had witnessed the traders fearing a huge economic fallout that had been led by the wide-spread coronavirus. The prices of the yellow metal had been stagnant for 11 days. The price of gold had remained at Rs.4,229 per gram from 21 March to 31 March.

    Trend of Gold Rate in Vadodara for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,194 per gram
    February 29 Rate Rs.4,379 per gram
    Highest Rate in February Rs.4,394 per gram on 23 February and 24 February
    Lowest Rate in February Rs.4,163 per gram on 6 February and 7 February
    Overall Performance Incline
    Percentage Change 4.41%

    Gold Rate Trend in Vadodara for February 2020:

    • The precious metal opened at Rs.4,194 per gram on 1 February in Vadodara in the state of Gujarat. Gold prices remained steady for the first three days of the month before increased marginally to Rs.4,217 per gram on 4 February. With the Central Bank in China cutting down repo rates and liquidating funds to support their economy, risk appetite amongst investors increased. With renewed interest in the stock market, the price of the metal dipped to hit its monthly low at Rs.4,163 per gram on 6 February and 7 February. By the beginning of the second week, gold in the city was trading at Rs.4,173 per gram on 8 February.
    • In the second week of February, the price of the metal increased to Rs.4,205 per gram on 9 February and was steady till 10 February. However, with reports of new Coronavirus cases decreasing, investors shifted to the stock market with higher risk appetite. Due to this, the price of the metal decreased to Rs.4,190 per gram on 11 February and further dipped to Rs.4,175 per gram on 13 February. However, the price of the metal increased to Rs.4,205 per gram on 14 February and again on 16 February to Rs.4,229 per gram. This was majorly due to the number of new cases of Coronavirus was on the rise in other countries such as Italy and South Korea.
    • Gold prices recorded an overall increase in the third week of the month. After remaining steady at Rs.4,229 per gram on 17 February, the metal’s price dipped marginally to Rs.4,219 per gram on 18 February. Increasing marginally yet again, the yellow metal was priced at Rs.4,224 per gram on 19 and 20 February. During this time, due to escalated tensions surrounding the effect of Coronavirus on the world and economy, gold’s safe-haven demand increased. The price of the precious metal increased to Rs.4,322 per gram on 22 February and further to Rs.4,396 per gram on 23 February.
    • After remaining steady on 24 February at Rs.4,396 per gram, the price of the metal increased to hit its monthly high on 25 February at Rs.4,425 per gram. Due to the rise in prices, investors took to taking profits on bookings. With profit booking, the price of the metal decreased and saw a decline until the end of the month. Gold closed at Rs.4,379 per gram on 29 February.

    Trend of Gold Rate in Vadodara for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.4,023 per gram
    January 31 Rate Rs.4,194 per gram
    Highest Rate in January Rs.4,205 per gram on 7 January
    Lowest Rate in January Rs.4,023 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.25%

    Gold Rate Trend in Vadodara for January 2020:

    • Gold in Vadodara opened at a price of Rs.4,023 per gram for 24 karat in January, which incidentally was also the highest price during the month. This was on the back of rising tensions in the Mideast over US airstrikes in Iran and fears of retaliatory strikes.
    • By 7 January, however, it rose to Rs.4,205 which was also the highest in the month, as tensions escalated between US and Iran, leading to the appeal of gold as a safe haven investment increasing substantially.
    • By the end of the month, the price of gold had stabilised to Rs.4,194 as the US stock market recovered and the dollar reached a 2-month peak just before the policy meeting of the US Federal Reserve.
    • Overall, the precious metal maintained an overall incline of 4.25% throughout the month of January in Vadodara.

    Gold investment avenues in Vadodara

    Gold is found in every household in India. People buy gold either as an investment or as a jewellery. Gold sales are higher during wedding season and festivals. Since gold is treated as a safe haven asset, investors buy gold so that they can protect themselves from the market fluctuations. Gold can be brought in Vadodara in the following ways:

    • Market trade:

      Gold can also be purchased from the comforts of your home now. You can have access to E-gold, futures and ETFs. You must however know that trading in gold is subject to risk. E-gold trade is done through National Spot Exchange. ETFs is traded on Bombay Stock Exchange.

    • Over the counter purchases:

      People prefer to look at the jewellery and trying it on before actually buying it. There are a various jewellers in the city from where people of Vadodara can buy. As Vadodara house the palace, the city is a hub for jewellers offering gold in various patterns and designs. Gold can also be brought in the form of gold coins and bars from the jewellers as well as the banks. You must know that buying gold from the bank is costlier as you get purity certificate.

    The gold rate in Vadodara varies according to its purity. People get to buy 24 karat, 22 karat, 18 karat and 14 karat gold. 24 karat gold being the most expensive and 14 karat is the cheapest. Gold rate changes according to the international gold market.

    24 karat gold:

    This is the purest form of gold. It includes 99.95% gold mass. This is a very soft metal and it cannot be used to make jewellery or other ornaments.

    22 karat gold:

    22 karat gold it includes 91.6% gold mass and it is the highest quality gold. 22 karat gold is used to make jewellery and ornaments. 22 karat gold has a shiny yellow coat. The brightness of the 22 karat gold depends on the metal it is alloyed with. 22 karat gold is usually alloyed with silver or copper. When gold is mixed with copper, it gives a reddish tint. Zinc is also added to copper so that it neutralises the rose color and makes it more yellow. The best quality gold is when the 22 karat gold is alloyed with silver. This is the most common form of retail gold jewellery. It is worn off easy so special care has to be taken.

    18 karat gold:

    This includes 75% of the gold mass and is the popular karat for jewellery. It provides enough strength to hold gemstones, diamonds and emeralds in place. Pink and rose gold are 18 karat.

    14 karat gold:

    It includes 58.3% gold mass and it is the cheapest type of gold jewellery. If alloyed with copper you get a dull bronze color. When alloyed with silver or nickel it will look white and it is known as white gold.

    Also Check Gold Price in NearBy Cities of Vadodara

    Gold Rate In Ahmedabad Gold Rate In Surat Gold Rate In Rajkot
    Gold Rate In Jamnagar Gold Rate In Indore Gold Rate In Mumbai

    Read more on Gold

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    News About Gold Rate In Vadodara

    • Gold Drops on Reduced Demand by Jewellers

      Gold prices dropped on Monday, 17th June 2019, as a weak overseas trends and subdued demand from local jewellers impacted rates.  

      On the global front, spot gold traded 0.2% lower at $1,333.90 per ounce. Domestically gold of 99.5% purity traded at Rs.33,450 for 10 grams, a loss of Rs.100. Pure gold (99.9% purity) also dropped by Rs.100 to Rs.33,620 for 10 grams. 

      There was no change in sovereign gold rates, which held steady at Rs.26,800 per 8 grams.  

      Fluctuations in bullion could occur following the U.S. Federal Reserve meeting on 18-19th June, 2019 where it is widely expected that the U.S. central bank will cut interest rates.  

      17 June 2019

    • Trade Worries Boost Gold’s Safe-Haven Appeal

      Gold rates rose after suffering a steep fall in previous sessions as fears of a trade war between the United States and China rattled equity investors. Risk appetite reduced as investors increased their interest in safe-haven bullion.

      Spot gold rose by 0.7% to trade at $1,335.34 per ounce while U.S. gold futures rose by 0.6% to $1,339 per ounce.

      Cautious market sentiment due to both countries digging in their heels amidst ongoing trade negotiations. Fears over how deteriorating trade relations between the two global economic powerhouses would impact financial markets resulted in an increase in bullion offtake.

      12 June 2019

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