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Gold Rate 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 October 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|October 1 Rate||Rs.3,138 per gram|
|October 31 Rate||Rs.3,282 per gram|
|Highest Rate in October||Rs.3,288 per gram on 30 October|
|Lowest Rate in October||Rs.3,138 per gram on 1 October|
|Overall Monthly Performance||Incline|
Trend of Gold Rate in Vadodara for September 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|September 1 Rate||Rs.3,120 per gram|
|September 30 Rate||Rs.3,138 per gram|
|Highest Rate in September||Rs.3,174 per gram on 26 and 27 September|
|Lowest Rate in September||Rs.3,108 per gram from 3-5 September|
|Overall Monthly Performance||Incline|
Trend of Gold Rate in Vadodara for August 2018 (rates per gram)
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.3,078 per gram|
|August 31 Rate||Rs.3,103 per gram|
|Highest Rate in August||Rs.3,108 per gram on 28 - 29 August|
|Lowest Rate in August||Rs.3,026 per gram on 17 August|
|Overall Monthly Performance||Incline|
August 2018 - Week 1 (1 - 5):
- The month began with gold in Vadodara trading at Rs.3,078 per gram on the 1st with steady investor demand ahead of the US Federal Reserve’s monetary policy meeting.
- Gold rate in Vadodara remained unchanged at Rs.3,078 per gram on the 2nd before plunging to Rs.3,051 per gram on the 3rd amid the strengthening US dollar.
- With the US dollar gaining against a basket of other emerging currencies ahead of the US Fed statement, demand for the metal plunged considerably during the week.
- The week came to an end with the gold price in Vadodara holding at Rs.3,036 per gram on the 5th with subdued but steady demand from local jewellers and industries amid the weak trend overseas.
August 2018 - Week 2 (6 - 12):
- Trading commenced for the week with gold rate in Vadodara holding at Rs.3,036 per gram on the 6th amid poor global cues.
- However, with the US employment data indicating a drop in the number of US jobs contributing to the nation’s economy, the dollar dropped during the week.
- Positive market trends overseas coupled with steady investor demand led to gold in Vadodara being priced at Rs.3,046 per gram and Rs.3,051 per gram on the 8th and the 9th.
- Strong domestic demand coupled with favourable market cues globally led to gold price in Vadodara holding steady at Rs.3,051 per gram for the remainder of the week.
August 2018 - Week 3 (13 - 19):
- The week opened with gold rate in Vadodara standing at Rs.3,051 per gram on the 13th with domestic bullion markets capitalising on the previous week’s gains.
- With the US greenback losing against other apex currencies, demand for the metal surged during the week.
- This led to gold in Vadodara being priced at Rs.3,062 per gram on the 14th before surging to Rs.3,072 per gram on the 15th amid the positive trend overseas.
- However, with the US dollar regaining lost ground over the next few days, investor demand for the metal dropped significantly. This led to gold in Vadodara being priced at Rs.3,026 per gram - the lowest recorded monthly figure - on the 17th.
- Poor trends overseas coupled with declining demand led to gold rate in Vadodara finishing at Rs.3,026 per gram on the 19th.
August 2018 - Week 4 (20 - 26):
- The fourth week began with gold in Vadodara priced relatively higher at Rs.3,036 per gram on the 20th as the US dollar stabilised amid the rising trade war concerns.
- Gold continued to trade at the same rate before surging by Rs.10 to Rs.3,046 per gram on the 22nd amid the positive trend overseas.
- With President Trump criticizing the US Federal Reserve decision to raise interest rates, the greenback tumbled. This led to investors banking on the bullion during the week.
- The week ended with gold rate in Vadodara holding at Rs.3,056 per gram on the 26th with steady demand from market participants amid positive global cues.
August 2018 - Week 5 (27 - 31):
- When trading commenced for the last week, gold price in Vadodara was recorded holding at Rs.3,057 per gram on the 27th with steady demand from local industries, jewellers and retailers amid the firm trend overseas.
- With the US dollar losing considerably against a basket other major currencies, demand for the metal surged.
- Gold in Vadodara was recorded trading at Rs.3,108 per gram on the 28th which continued to be priced at the same rate the next day ahead of the US Federal Reserve chairman statement.
- Trading closed for the month with gold rate in Vadodara holding slightly lower at Rs.3,103 per gram on the 31st with subdued but steady demand from domestic jewellers and retailers.
- Vadodara registered an incline of 0.81% in gold trade during the course of the month.
Trend of Gold Rate in Vadodara for July 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|July 1 Rate||Rs.3,138 per gram|
|July 31 Rate||Rs.3,078 per gram|
|Highest Rate in July||Rs.3,071 per gram on 6 July|
|Lowest Rate in July||Rs.2,986 per gram from 29 - 31 July|
|Overall Monthly Performance||Decline|
July 2018- Week 1 (1-6)
- Gold rates in Vadodara were stable as the week began, with the precious metal trading at Rs.3,138 per gram from 1-4 July on steady local demand.
- Overseas demand for the metal was on the decline as the strengthening dollar resulted in higher equity investments over bullion.
- The declining rupee affected imports, but an increase in industrial demand led to prices jumping to Rs.3,149 per gram on 5 July.
- Prices remained constant as the week drew to a close, as steady demand from local and industrial markets kept prices high.
July 2018- Week 2 (7-13)
- Though there were minor fluctuations in price, gold continued to rise during the second week,opening trading at Rs.3,154 per gram on 7 July.
- Fears over a trade war due to escalating tensions between the United States and China led to higher demand for safe-haven assets like gold, which kept prices stable.
- Gold fell to Rs.3,149 per gram on 8 July and maintained the same price for a few days as local demand stagnated following a rise in the dollar rate.
- Demand pushed prices to Rs.3,159 per gram on 11 July, as political crises affected U.S. markets as well as the dollar.
- Prices fell as the week ended, with the yellow metal priced at Rs.3,144 per gram on 13 July.
July 2018- Week 3 (14-20)
- A recovering dollar and low retail demand resulted in gold rates in Vadodara falling steadily during this week.
- The precious metal opened the week at Rs.3,108 per gram, marking a steep fall in value due to reduced industrial orders and static retail sales.
- The metal continued to perform badly as the dollar stabilised, as European demand for bullion also declined.
- Prices fell to Rs.3,105 per gram on 18 July in spite of a surge in demand overseas, with the declining rupee attributed to the weak sales.
- Gold fell to Rs.3,083 per gram as the week ended, with a falling rupee and declining demand affecting prices.
July 2018- Weeks 4 and 5 (21-31)
- The last two weeks saw some fluctuations in gold prices in Vadodara, though the overall trend veered towards a decline in price.
- Gold traded at Rs.3,083 per gram on 21 July, remaining unchanged from the previous week as demand was stagnant.
- The criticism over the high dollar rate by the U.S. President led to the currency crashing, which boosted interest in gold among investors.
- The precious metal traded at Rs.3,098 per gram from 22-24 July as overseas demand for bullion rose thanks to the lower dollar.
- Prices once again fell as industrial demand dropped, with gold trading at Rs.3,092 per gram on 27 July.
- The end of the month saw a further reduction in gold prices, which fell to Rs.3,078 per gram on 31 July.
Trend of Gold Rate in Vadodara for June 2018 (rates per gram)
Gold price (24 karat)
June 1 Rate
Rs.3,203 per gram
June 30 Rate
Rs.3,159 per gram
Highest Rate in June
Rs.3,206 per gram on 2 June
Lowest Rate in June
Rs.3,149 per gram on 28 June
Overall Monthly Performance
June 2018 - Week 1 (1st - 10th):
- Gold rates in Vadodara saw some fluctuations in the first week of June, with the precious metal opening he week at Rs.3,203 per gram.
- Positive local demand trends saw gold rise to Rs.3,206 per gram on 2 June, the highest rate for the month in spite of trends to the contrary overseas.
- Prices fell drastically, with gold trading at Rs.3,165 per gram on 3 June after the sudden influx of dollar trading weakened gold’s position.
- Local prices were also affected by the falling rupee which made imports more expensive, and consequently there were fewer orders from jewellers.
- Prices recovered somewhat as the week progressed, with the yellow metal priced at Rs.3,180 per gram on 8 June.
- The week ended with gold prices falling slightly to Rs.3,170 per gram on 10 June.
June 2018 - Week 2 (11th - 17th):
- Fluctuating trends overseas led to volatility across bullion trading, as gold was priced at Rs.3,170 per gram on 11 June.
- The summit between Donald Trump and Kim Jong Un was touted as a a success, which led to the dollar skyrocketing as investors sought to capitalise on equity gains.
- Gold rose marginally to trade at Rs.3,190 per gram on 13 June as markets crashed after the renewal of trade war rhetoric by the U.S., as more countries were threatened with trade tariffs.
- There was no change in the price of gold for the rest of the week as local demand rose but gains were negated by the falling rupee.
- International demand for the metal was also on the decline as investors were wary of an impending rate hike.
June 2018 - Week 3 (18th - 24th):
- Concerns over the commitment of North Korea to the recent denuclearisation pledges and other geopolitical concerns dominated the markets as gold’s fortunes changed.
- The precious metal traded at Rs.3,179 per gram on 18 June as the continued rally by equity markets and a steady dollar resulted in declining interest in gold from investors.
- As economies prepared for a fresh round of trade tariffs, markets fluctuated as the dollar began to lose some of its value.
- Local demand echoed trends seen overseas, though industrial demand led to Gold price in Vadodara rising to Rs.3,186 per gram on 21 June.
- Prices fell sharply to Rs.3,149 per gram on 23 June as markets rebounded on news of an interest rate hike by the Federal Reserve, which boosted the dollar once again.
- There was no change in price as the week ended, as gold failed to recover from the sudden drop in value.
June 2018 - Week 4 (25th - 30th):
- Vadodara’s gold prices showed some fluctuations, in line with trends seen across other regions.
- When trading opened for the week, gold was priced at Rs.3,149 per gram as static demand from jewellers kept prices low.
- Industrial demand from overseas was also on the decline due to the high dollar rate, though local industry kept order volumes stable.
- Prices rose to Rs.3,154 per gram on 26 June as market fluctuations led to increased interest in bullion, especially gold.
- Asian interest in gold rose as stocks took a beating following a fresh set of trade tariffs against Chinese goods was announced by the U.S.
- Gold rate in Vadodara fell to Rs.3,149 per gram on 28 June on poor retail demand before prices rose to Rs.3,159 per gram on 29 June.
- In spite of a steady dollar, persistent fear over the growing trade tensions led to investors to seek out gold as a safe-haven asset.
- The metal ended the month priced at Rs.3,159 per gram.
Trend of Gold Rate in Vadodara for May 2018 (rates per gram of 24 karat gold)
|Parameters||Gold price (24 karat)|
|May 1 Rate||Rs.3,227 per gram|
|May 31 Rate||Rs.3,206 per gram|
|Highest Rate in May||Rs.3,242 per gram on 14 May|
|Lowest Rate in May||Rs.3,191 per gram on 22 & 23 May|
|Overall Monthly Performance||Decline|
May 2018 - Week 1 (1st - 6th)
- The month began in Vadodara with gold trading at Rs.3,227 per gram on the 1st with steady local demand amid firm overseas trends.
- However, with the US dollar index rising against a basket of other currencies, the greenback strengthened. This led to demand dropping and gold was priced at Rs.3,203 per gram on the 3rd.
- With global demand suppressed by unfavourable market cues, gold price in Vadodara dropped further to Rs.3,190 per gram on the 4th.
- Thanks to an increase in domestic demand from local jewellers, retailers and industries despite the poor trends overseas, gold rates rose to Rs.3,213 per gram on the 6th.
May 2018 - Week 2 (7 th- 13th)
- Trading opened for the second week with gold prices holding steady at Rs.3,213 per gram on the 7th amid firm overseas cues.
- With investors gravitating towards assets considered safer such as the bullion amid the US-Sino trade war fears, rates surged to Rs.3,227 per gram on the 8th.
- Though gold price in Vadodara dropped to Rs.3,217 per gram on the 9th, strong industrial orders from the Asian continent brought about by positive global cues led to gold rates rebounding to Rs.3,221 per gram on the 10th.
- The rest of the week saw gold rates in Vadodara holding steady at Rs.3,221 per gram with consistent demand from investors and traders amid the ongoing geopolitical tensions.
May 2018 - Week 3 (14th- 20th)
- When trading commenced for the week, gold prices were recorded holding at a monthly high of Rs.3,242 per gram on the 14th as the bullion capitalised on its previous session’s gains in the domestic market.
- Prices stabilised at Rs.3,239 per gram on the 15th and continued trading at the same rate next day with investors banking on the bullion amid the rising US-European geopolitical tensions.
- However, with President Trump reviving market sentiments ahead of the US-North Korean summit later during the month, the US dollar index strengthened.
- This led to gold rate in Vadodara plunging to Rs.3,227 per gram on the 17th which dropped further to Rs.3,207 per gram on the 18th with declining demand coupled with weak global cues.
- The week came to an end with the yellow metal priced at Rs.3,200 per gram on the 20th with subdued demand from local jewellers, retailers and industries amid the poor trend overseas.
May 2018 - Week 4 (21st - 27th)
- The fourth week began with gold prices holding at Rs.3,208 per gram on the 21st with local demand picking up from the previous week’s decline.
- However, with the US greenback rising against a basket of other apex currencies, global demand dropped significantly. This led to rates plummeting to Rs.3,191 per gram - the lowest recorded monthly figure - on the 21st.
- Poor market trends overseas coupled with subdued domestic demand led to gold prices remaining untouched at Rs.3,191 per gram on the 22nd.
- The next couple of days saw rates recovering with the bullion capitalising on the tumbling US dollar and losing equity markets.
- Gold was recorded trading at Rs.3,211 per gram on the 24th before surging to Rs.3,237 per gram on the 25th on account of strong industrial orders for the precious metal.
- The 26th saw rates price in Vadodara surging further to Rs.3,237 per gram with improving local demand brought about by the positive global cues.
- Trading concluded for the week with the bullion priced relatively lower at Rs.3,217 per gram on the 27th with demand held in check by recovering US dollar and equity markets.
May 2018 - Week 5 (28th - 31st)
- The last week of trading opened with the precious metal priced at Rs.3,216 per gram on the 28th with subdued demand from local jewellers and industries amid the poor trend overseas.
- With the US dollar rising amid the easing US-Chinese trade war concerns, demand for the bullion plunged. This led to gold rates dropping to Rs.3,195 per gram on the 30th amid the weak trend overseas.
- The month came to an end with gold prices in Vadodara closing at Rs.3,206 per gram on the last day, recording a loss of 0.65% in bullion trade during the month of May.
Trend of Gold Rate in Vadodara for April 2018 (rates per gram for 24 karat gold)
|Parameters||Gold Price(24 karat)|
|Gold Rate on 1st April 2018||Rs.3,154 per gram|
|Gold Rate on 30th April 2018||Rs.3,227 per gram|
|Highest Rate in April||Rs.3,247 per gram on 20 and 21 April|
|Lowest Rate in April||Rs.3,154 per gram on 1 and 2 April|
|Overall Monthly Performance||Incline|
April 2018- Week 1 (1st -7th)
- Gold prices were on the rise in the first week of April in Vadodara, trading at Rs.3,154 per gram on 1 April on steady local and international demand.
- Fears of a trade war between the U.S. and China over tariffs led to equity markets falling and higher interest in gold, as prices rose to Rs.3,182 per gram on 4 April.
- A rally by the U.S. dollar led to a drop in demand for the precious metal, with prices falling to Rs.3,161 per gram on 5 April.
- Local demand fell sharply resulting in gold trading at Rs.3,150 per gram as the week ended on 7 April.
April 2018- Week 2 (8-14)
- The second week saw gold rates rise due to positive market cues and higher demand.
- The week opened with gold trading at Rs.3,159 per gram on 8 April, with prices staying stable for a few days.
- Consistent demand from local jewellers kept prices from fluctuating in spite of dips in international gold prices.
- Gold jumped to Rs.3,186 per gram on 12 April on increased overseas demand, even though the dollar was stable.
- Prices jumped to Rs.3,216 per gram on 13 April but dropped to Rs.3,190 per gram as the week ended on 14 April.
April 2018- Week 3 (15-21)
- Gold opened strongly in the third week, trading at Rs.3,200 per gram on 15 April as global equities fell on the heels of the Syria attack.
- Local demand rose on favourable market cues and kept prices steady in spite of global fluctuations.
- The yellow metal surged to Rs.3,221 per gram on 18 April as the dollar fell against other currencies, resulting in increased orders from Asian nations.
- Prices dipped slightly as equities recovered and the dollar made gains.
- The week ended with gold prices surging to Rs.3,247 per gram on 21 April.
April 2018- Weeks 4 & 5 (22-30)
- As markets recovered, demand for gold began to fall as the yellow metal traded at Rs.3,237 per gram on 22 April.
- Prices fell to Rs.3,221 per gram on 25 April as jewellers reduced demand due to poor retail demand.
- International demand was steady as the week ended, which led to gold prices rising to Rs.3,234 per gram on 28 April.
- Low retail demand led to gold prices falling to Rs.3,227 per gram on 30 April, though gold prices rose by 2.31% during the month.
Gold Rate Trend in Vadodara for January 2018 to March 2018 (per gram of 24 karat gold)
|1st day||Rs.3,086 per gram||Rs.3,138 per gram||Rs.3,159 per gram|
|Last day||Rs.3,120 per gram||Rs.3,159 per gram||Rs.3,149 per gram|
|Highest price||Rs.3,171 per gram on 25 January||Rs.3,175 per gram on 20 February||Rs.3,182 per gram from 27 to 30 March|
|Lowest price||Rs.3,082 per gram on 5 January||Rs.3,092 per gram on 9 and 10 February||Rs.3,109 per gram on 20 March|
Gold Rate Trend in Vadodara for January 2018:
- In Vadodara, the formerly known Baroda, gold prices improved to record a positive growth as opposed to the previous month’s performance.
- On the 1st of January 2018, gold was priced at Rs.3,086 per gram.
- The initial week saw gold price in Vadodara drop significantly, owing to a strong US dollar and a weak demand from local investors.
- Gold rate in Vadodara hit their lowest for the month on the 5th of the month when it traded at Rs.3,082 per gram.
- It was all smooth sailing for gold from the second week onwards as the US dollar went through some changes and gold prices improved as a result of that.
- Rates improved considerably over the next three weeks before hitting a monthly high figure of Rs.3,171 per gram on the 25th of January as demand from locals surged.
- However, a consolidation was witnessed as the month drew to a close and gold traded at Rs.3,120 per gram on the final day of this month.
- A rate change of 1.10% was recorded over the course of this month.
Gold Rate Trend in Vadodara for February 2018:
- When February began, gold was priced at Rs.3,138 per gram.
- This month continued its improvement on January’s growth as well and gold rates inclined thanks to good domestic demand.
- The yellow metal traded at its lowest this month on the 9th when it was priced at Rs.3,091 per gram. This continued on till the 11th as demand saw no change.
- However, the third week saw gold bounce back amid a poorly performing US dollar. The yellow metal traded at Rs.3,175 per gram on the 20th of the month, which was the highest gold rate in Vadodara for this month.
- Prices fluctuated quite a bit over the final 10 days and decreased as days passed.
- When the month came to an end, gold price in Vadodara were recorded at Rs.3,159 per gram, thereby marking a 0.66% month-on-month incline in prices.
Gold Rate Trend in Vadodara for March 2018:
- Gold was still trading at Rs.3,159 per gram when the final month of Q1 2018 commenced.
- The first three weeks saw robust demand for the metal, thanks to continued buying from jewellers and other investors.
- On the 20th, gold traded at Rs.3,109 per gram, which was the lowest gold rate for this month. This happened due to a rising dollar and a poor demand from the domestic market.
- Demand went up considerably during the final week of March as the US dollar index was undergoing a tough period.
- Gold traded at its highest for the month from the 27th to the 30th during which it was priced at Rs.3,182 per gram.
- The last day of March 2018 saw gold rate in Vadodara drop to Rs.3,149 per gram.
- Gold price trend recorded a 0.31% decline this month, which was caused by a sudden decline in local demand.
Gold Rate Trend in Vadodara kot for October 2017 to December 2017 (per gram of 24 karat gold)
|1st day||Rs.3,109 per gram||Rs.3,087 per gram||Rs.3,068 per gram|
|Last day||Rs.3,087 per gram||Rs.3,078 per gram||Rs.3,086 per gram|
|Highest price||Rs.3,133 per gram from 12 to 16 October||Rs.3,113 per gram on 20 and 21 November||Rs.3,086 per gram on 30 and 21 December|
|Lowest price||Rs.3,073 per gram on 27 and 28 October||Rs.3,057 per gram from 4 to 6 November||Rs.2,990 per gram on 14 December|
Gold Rate Trend in Vadodara for October 2017:
- Gold was priced at Rs.3,109 per gram when the month of October began.
- Prices seemed to drop during the first week but surged amid positive cues from the global market.
- On the 12th, gold rates went up to Rs.3,133 per gram - the month’s highest gold rate. This continued on till the 16th of the month, thanks to steady demand.
- Gold prices in Vadodara seemed to fall slightly over the next few days as the US dollar strengthened.
- The 27th saw gold rate in Vadodara hit the lowest for the month of Rs.3,073 per gram. This was due to poor local demand brought on by a steady rise in dollar value.
- When the month came to an end, gold rate in Vadodara were recorded at Rs.3,087 per gram - a Rs.22 decline from the first day’s prices.
- Price trends had declined by 0.70% due to poor demand from the domestic market.
Gold Rate Trend in Vadodara for November 2017:
- When November began, gold was priced at Rs.3,087 per gram.
- A poor global demand brought gold rates down during the initial few days with the metal trading at Rs.3,057 per gram from 4th to 6th November - the lowest for the month.
- As the US dollar seemed to fall slightly amid concerns over the Donald Trump administration, gold rates seemed to increase.
- A rise in demand towards the 20th of the month led to gold trading at Rs.3,113 per gram - the month’s highest gold rate.
- When the month ended, gold was seen trading at Rs.3,078 per gram. There was a decline in gold rates during this month as well and prices fell by 0.29%.
Gold Rate Trend in Vadodara for December 2017:
- The last month of 2017 saw gold rate in Vadodara increase, thanks to the tax reform introduced by Donald Trump, which wasn’t very well received by the market.
- On the 1st of December, the yellow commodity was seen trading at Rs.3,068 per gram.
- Demand for the metal remained weak during the initial few days. Rates hit a monthly low of Rs.2,990 per gram on 14 December after US treasury yields increased.
- However, rates picked up from then on and the metal traded in the Rs.3,000 plus range for the remaining few days of the month.
- Gold prices in Vadodara were at their highest for the month on the 29th and 30th of the month, when the metal traded at Rs.3,086 per gram.
- Overall, December recorded a price rate increase of 0.58% and helped end 2017 on a positive note.
Gold Rate Trend in Vadodara for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.3,063 per gram||Rs.3,003 per gram||Rs.3,079 per gram|
|Last day||Rs.3,003 per gram||Rs.3,056 per gram||Rs.3,109 per gram|
|Highest price||Rs.3,079 per gram on 2 July||Rs.3,056 per gram on 30 & 31 August||Rs.3,194 per gram from 8-10 September|
|Lowest price||Rs.2,917 per gram on 11 July||Rs.2,979 per gram on 7 August||Rs.3,071 per gram on 4 September|
Gold rate trend in Vadodara for July 2017
- Gold trade started off in Vadodara with the yellow metal trading at Rs.3,063 per gram on the 1st.
- Local demand declined with the introduction of 3% GST in the country. This led to gold rates in Vadodara plunging to Rs.2,917 per gram on the 11th.
- The US economy plummeted with the US-North Korean stand-off taking centre stage, resulting in the dollar losing against a basket of major emerging currencies.
- Gold price in in Vadodara was at Rs.3,003 per gram when trading concluded for the month.
- The bullion trade in Vadodara registered a loss of 1.95% during the course of the month, owing to various global, as well as, local factors.
Gold rate trend in Vadodara for August 2017
- Gold rates in Vadodara were greatly influenced by the rising geopolitical tensions in the Korean peninsula and the United States.
- When trading commenced for the month, the precious metal was recorded trading at Rs.3,003 per gram owing to a steady demand amid firm overseas trend.
- The 7th witnessed gold price in Vadodara touching the lowest monthly figure of Rs.2,979 per gram as global demand declined amid a strengthening dollar and firm equities market.
- However, the US economy collapsed over the next two weeks with the US-North Korean diplomatic relations deteriorating. This led to an increase in demand for the safe-haven metal and gold was priced at Rs.3,053 per gram on the 19th.
- The last day recorded gold prices at Rs.3,056 per gram owing to a steady demand amid a firm trend overseas.
- Gold rate trends inclined by 1.76% during the month thanks to the strong demand brought about by major geopolitical tensions.
Gold rate trend in Vadodara for September 2017
- When trading commenced for the month, the yellow metal was priced at Rs.3,079 per gram amid positive global trends.
- North Korea’s successful two-stage thermonuclear tests sent world markets crashing and demand for the safe-haven assets like gold spiked worldwide. This led to gold rates in Vadodara surging to Rs.3,194 per gram on the 8th.
- Prices remained high for much of the month as demand remained positive amid the rising geopolitical concerns between the US and North Korea.
- The imminent arrival of the festive season pushed demand higher in the local trade and the precious metal was recorded trading at Rs.3,165 per gram on the 26th.
- Gold was priced at Rs.3,109 per gram when the month concluded.
- A strong global demand compounded by a strong trend overseas led to gold rates inclining at 0.97% during the month.
Gold Rate Trend in Vadodara for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.3,043 per gram||Rs.3,058 per gram||Rs.3,065 per gram|
|Last day||Rs.3,085 per gram||Rs.3,065 per gram||Rs.3,063 per gram|
|Highest price||Rs.3,118 per gram from 14-16 April||Rs.3,065 per gram on 31 May||Rs.3,099 per gram from 7-10 June|
|Lowest price||Rs.3,038 per gram on 10 & 11 April||Rs.2,976 per gram from 11-16 May||Rs.3,047 per gram from 2-6 June|
Gold rate trend in Vadodara for April 2017
- The gold rates in Vadodara was on an incline as April began. Trading at Rs.3,043 per gram on 1 April, the rates rose to Rs.3,064 per gram on 5 April following an increase in the demand for gold.
- The weaker U.S. dollar rates contributed to the increase in the demand for gold which kept the prices more or less stable throughout the month.
- Gold was priced at Rs.3,118 per gram from 14 - 16 April and Rs.3,117 per gram on 18 April due to an incline in the demand from the local and international markets.
- The subdued demand from European and domestic markets resulted in gold prices falling to Rs.3,087 per gram on 25 April.
- The gold rates closed at Rs.3,058 per gram on 30 April which indicated an overall incline in the demand and a 1.38% increase in the gold rates.
Gold rate trend in Vadodara for May 2017
- Gold started trading at Rs.3,058 per gram on 1 May due to a decline in demand for gold from the international markets.
- The French Presidential Election 2017 affected the demand for gold since it boosted the stock markets. The decline in demand resulted in gold being priced at Rs.3,000 per gram on 6 May.
- The strong U.S. dollar rates reduced the demand for gold as it was priced at Rs.2,976 per gram from 11 - 16 May.
- As the U.S. dollar rate fluctuated, the demand for gold increased and it was priced at Rs.3,043 per gram on 22 May.
- The gold rates increased further as it reached Rs.3,050 per gram from 26 - 28 May.
- Gold was priced at Rs.3,065 per gram on 31 May. For the month of May, the gold prices recorded an overall increase of 0.22% in Vadodara.
Gold rate trend for Vadodara for June 2017
- The fluctuating U.S. dollar rates in June contributed to the more or less increase in Gold prices
- The precious metal traded at Rs.3,065 per gram on 1 June and rose to Rs.3,099 per gram on 7 June due to various factors including the fluctuating U.S. dollar rates.
- The increase in demand was also a result of impending GST’s effect on bullion pricing. The prices dropped to Rs.3,050 per gram on 15 June due to subdued demand from the local as well as the international markets.
- The muted demand for gold led to the yellow metal being priced at Rs.3,063 per gram on 30 June. The fluctuating demand for gold indicated an overall decline of 0.06% in gold rates for the month of June in Vadodara.
Gold Rate Trend in Vadodara for January 2017 to March 2017 (per gram of 24 karat gold)
|1st day||Rs.2,893 per gram||Rs.3,035 per gram||Rs.3,080 per gram|
|Last day||Rs.3,017 per gram||Rs.3,095 per gram||Rs.3,029 per gram|
|Highest price||Rs.3,060 per gram on the 23rd and 24th of January||Rs.3,101 per gram from the 25th of February to the 27th of February||Rs.3,062 per gram on the 8th of March|
|Lowest price||Rs.2,888 per gram from the 3rd to the 5th of January||Rs.3,034 per gram on the 4th and 5th of February||Rs.3,274 per gram from the 15th of March to the 17th of March|
Gold Rate Trend for Vadodara in January 2016
- On the first day of the new year, gold traded at Rs.2,893 per gram on the 1st of January due to relatively low demand for this metal as well as an incline in the value of the U.S.Dollar. This rate was noted in the 2nd of January as well.
- However, the rate of gold declined the next day to trade at Rs.2,888 per gram and stayed steady at this price until the 5th of January. This was also the lowest at which gold traded for the month.
- As the month progressed, there was a recovery noted in the price of gold due to an increase in the demand for this metal.
- On the 23rd and 24th of January, gold traded at its highest at Rs.3,060 per gram. This was due to a spike in the demand for this metal from investors and jewellers.
- As the month of January ended, an incline of 4.28% was noted in the rate of gold.
Gold Rate Trend for Vadodara in February 2016
- The rate of gold on the 1st of February was Rs.3,035 per gram which was higher than the rates noted during the month of January.
- However, due to a marginal increase in the demand for this metal, there was an increase of Rs.3 in the price of gold. But this demand, however could not be sustained and the rate of gold fell to a monthly low of Rs.3,034 per gram on the 4th and stayed steady at this rate on the 5th as well.
- As the month progressed, a number of variations were noted in the price of gold in Vadodara.
- Gold rate was steady at Rs.3,044 per gram from the 13th of February until the 15th of February
- This precious metal traded at its highest from the 25th to the 27th of February at Rs.3,101 per gram but falling marginally.
- On the last day of the month, this metal traded at Rs.3,095 per gram and recorded a incline of 1.97% in the price of gold.
Gold Rate Trend for Vadodara in March 2016
- There were a number of variations observed in the rate of gold during the month of March in Vadodara.
- Gold traded at Rs.3,080 per gram on the 1st of March and stayed steady at this rate the next day as well.
- However, due to a reduction in the demand for this metal, the rate of gold reduced to Rs.3,056 per gram. Gold was steady at this rate until until the 7th of March.
- Due to the U.S. Fed’s decision regarding interest rates, the rate of gold plunged to a monthly low of Rs.2,974 per gram from the 15th of January to the 17th of January.
- Due to positive market cues, the rate of gold was Rs.3,050 per gram from the 23rd of March to the 26th of March. However, this rate was not sustained and fell towards the end of the month.
- However, as the month progressed, the rate of gold declined to trade at Rs.3,029 per gram on the last day of the month, recording a decline of 1.65% in the price of gold.
|1st day||Rs.3,304||Rs.3,199 per gram||Rs.2,963 per gram|
|Last day||Rs.3,199||Rs.3,012 per gram||Rs.2,893 per gram|
|Highest price||Rs.3,304 on 1st October||Rs.3,252 per gram on 3rd November||Rs.2,963 per gram on the 1st and 2nd|
|Lowest price||Rs.3,157 from 7th October to 13th October||Rs.2,981 per gram on 25th November||Rs.2,825 per gram on the 22nd and 23rd|
Gold Rate Trend in Vadodara for October 2016
- There were a number of fluctuations noted in the price of gold during the month of October. There was a slump in demand due to market fluctuations.
- On the first day of the 1st of October, gold was priced at Rs.3,304 per gram. This price however could not be sustained and reduced by almost Rs.150 to Rs.3,157 in less than a week on the 7th of October.
- On the 14th, the rate of gold increased slightly to trade at Rs.3,162 per gram and was steady at this price until till the 25th of October.
- The rate of gold rose up again on the 26th to trade at Rs.3,189 per gram as due to increase in demand both in India and overseas.
- At the end of the month, the price of gold was Rs.3,199 per gram which was an increase of Rs.10 from the previous two days.
- A decline of 3.18% was witnessed in the rate of gold in Vadodara as compared to the beginning of the month.
Gold Rate Trend in Vadodara for November 2016
- A number of events that took place in Indian as well as international markets influenced the rate of gold during the month of November.
- Gold traded at a relatively high amount during the beginning of the month and but reduced as the month progressed, with a few fluctuations throughout the month.
- On the 1st of November, this precious metal traded at Rs.3,199 per gram and increased to trade at Rs.3,252 per gram on 6th and by 10th, the price had reduced to Rs.3,242 per gram.
- On the 8th of November, cash notes worth Rs.500 and Rs.1,000 were banned by the Indian Government in order to curb corruption and this move came to be known as demonetization.
- By 19th, prices were down to Rs.3,175 per gram and further went down to Rs.2,981 per gram on 25th.
- The last four days of November saw price pick up slightly to end the month at Rs.3,021 per gram.
- Overall, November gold trends saw a decline of 5.48% in the rate of gold as the month progressed.
Gold Rate Trend in Vadodara for December 2016
- There were a number of fluctuations in the rate of gold in the month of December
- On the 1st of December, gold traded at Rs.2,963 per gram and reduced to Rs.2,926 per gram on the 7th.
- Prices again went down on the 9th to trade Rs.2,918 per gram and a little bit more to Rs.2,846 per gram on the 17th.
- The last week of December however saw prices pick up slightly to end the month at Rs.2,893 per gram.
- A decline of 2.38% was observed in the rate of gold in the month of December in Vadodara.
|1st day||Rs.3,224 per gram||Rs.3,247 per gram||Rs.3,245 per gram|
|Last day||Rs.3,244 per gram||Rs.3,245 per gram||Rs.3,304 per gram|
|Highest price||Rs.3,287 per gram on 6th and 7th July||Rs.3,290 per gram on 23rd-26th August||Rs.3,304 per gram from 27th-30th September|
|Lowest price||Rs.3,207 per gram on 15th July||Rs.3,236 per gram on from 8th-14th August||Rs.3,245 per gram on 1st and 2nd September|
|Trend||Increase in price||Decrease in price||Increase in price|
Gold Rate Trend in Vadodara for July 2016
- Gold traded at Rs.3,224 per gram on 1st July on the back of strong domestic demand.
- Prices rose as domestic and overseas trends favoured gold, trading at Rs.3,287 per gram on 7th July.
- Strengthening markets led to demand falling during the middle of the month.
- Gold was priced at Rs.3,207 per gram on 15th July but prices rose marginally as the week ended.
- Gold traded at Rs.3,244 per gram on 31st July after domestic demand pushed prices higher.
Gold Rate Trend in Vadodara for August 2016
- Gold traded at Rs.3,247 per gram on 1st August with a slight rise in price due to increased demand.
- Prices fell as markets stabilised and domestic demand reduced, with gold trading at Rs.3,236 per gram on 8th August.
- Market fluctuations due to the dollar falling against global currencies led to prices rising marginally.
- Prices reached Rs.3,284 per gram on 20th August on heightened demand from the domestic market.
- A market upsurge led to demand for gold falling to Rs.3,245 per gram on 31st August.
Gold Rate Trend in Vadodara for September 2016
- The price of gold was Rs.3,245 per gram on 1st September as demand was stable.
- Fluctuations in the gold price as a result of increased demand led to minor price rises.
- Gold traded at Rs.3,291 per gram on 8th September as domestic demand rose.
- Prices fell slightly due to overseas trends but recovered to close at Rs.3,304 per gram on 30th September.
|1st day||Rs. 2,905 per gram||Rs. 3,070 per gram||Rs.2,991 per gram on June 1st|
|Last day||Rs. 3,070 per gram||Rs. 2,895 per gram||Rs.3,209 per gram on 30th of June|
|Highest price||Rs.3,070 per gram on 30th of April.||Rs. 3,080 per gram on the 7th and 8th of May.||Rs.3,212 per gram on 27th of June|
|Lowest price||Rs. 2,880 per gram on the 4th of April.||Rs. 2,960 per gram from the 28th to the 31st of May.||Rs.2,991 per gram on June 1st|
Gold Rate Trend of Vadodara in April 2016
- Gold traded at Rs. 2,905 per gram on the 1st of April.
- Gold rate fluctuated a lot in April but still managed to rise to Rs. 3,070 per gram by the end of the month.
Gold Rate Trend of Vadodara in May 2016
- Expectations of a rate hike by the U.S. Federal Reserve pushed down gold prices as gold stood at Rs. 3,052 on May 4th.
- Rising dollar further led to the decline of gold in May as gold traded at Rs. 2,895 on the 31st of May.
Gold Rate Trend of Vadodara in June 2016
- Gold opened the month at Rs.2,991 per gram on the 1st of June.
- Gold scored the highest for the month between 25th and 27th of June at Rs.3,212 per gram.
- Gold closed the month at Rs.3,209 per gram on the 30th of June.
|1st day||Rs. 2,540 per gram||Rs. 2,708 per gram||Rs. 2,975 per gram|
|Last day||Rs. 2,710 per gram||Rs. 2,960 per gram||Rs. 2.900 per gram|
|Highest price||Rs. 2,715 per gram on January 27th and 28th.||Rs. 2,975 per gram on February 26th and 27th.||Rs. 2,975 per gram from March 1st to 6th.|
|Lowest price||Rs. 2,540 per gram on January 1st.||Rs. 2,708 per gram on February 1st||Rs. 2,870 per gram from March 28th.|
Gold Rate Trend of Vadodara in January 2016
- Gold traded at Rs. 2,540 per gram on the 1st of January.
- Gold witnessed a steady rise in January and hit its highest for the month at Rs. 2,715 per gram on the 27th and 28th of January.
- Gold closed the month at Rs. 2,710 per gram.
Gold Rate Trend of Vadodara in February 2016
- Gold stood at Rs. 2,708 per gram on the 1st of February.
- Gold prices increased steadily in the first week of February and hit Rs. 2,815 per gram on the 6th of February.
- Gold hit its highest for the month on 27th and 28th February at Rs.2,975 per gram.
Gold Rate Trend of Vadodara in March 2016
- Gold price increased by Rs.15 from February 29th and held steady at Rs.2,975 per gram.
- Low demand led to a decline as gold was at its lowest for the month at Rs. 2,870 per gram on 28th of March.
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. The prices of gold had fallen down significantly in 2015 and it picked up in January, 2016.
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. The gold rate for 24 karat gold in Vadodara is Rs.29,650 per 10 grams as on 10th March, 2016.
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. The gold rate for 22 karat gold in Vadodara is Rs.27,720 per 10 grams as on 10th March, 2016.
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 Rate in Gujarat
Also Check Gold Price in NearBy Cities of Vadodara
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