Vadodara, the third-largest Gujarati city, is quite active in the gold trade. A land of marvellous architecture and flourishing industries, Vadodara holds a special fascination for gold ornaments and jewels. Some of the peak seasons for the gold trade include festivities like Akshay Tritiya, Dhanteras, Diwali, etc. Gold rates keep fluctuating here depending on duties, taxes, domestic demand, Central Bank actions, investment trends, international relations, etc. Today Gold rate in Vadodara is ₹ 76,850 per 10 grams for 24 Carat and ₹ 70,450 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,685 | - ₹ 103 |
8 grams
|
₹ 61,480 | - ₹ 824 |
10 grams
|
₹ 76,850 | - ₹ 1,030 |
100 grams
|
₹ 7,68,500 | - ₹ 10,300 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,045 | - ₹ 94 |
8 grams
|
₹ 56,360 | - ₹ 752 |
10 grams
|
₹ 70,450 | - ₹ 940 |
100 grams
|
₹ 7,04,500 | - ₹ 9,400 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
20 December 2024
|
₹ 76,850 | ₹ 70,450 | -1.32% |
19 December 2024
|
₹ 77,880 | ₹ 71,390 | -0.01% |
18 December 2024
|
₹ 77,890 | ₹ 71,400 | -0.21% |
17 December 2024
|
₹ 78,050 | ₹ 71,550 | +0.14% |
16 December 2024
|
₹ 77,940 | ₹ 71,450 | 0% |
13 December 2024
|
₹ 78,920 | ₹ 72,350 | -0.75% |
12 December 2024
|
₹ 79,520 | ₹ 72,900 | 0% |
11 December 2024
|
₹ 79,520 | ₹ 72,900 | +1.11% |
10 December 2024
|
₹ 78,650 | ₹ 72,100 | +1.05% |
09 December 2024
|
₹ 77,830 | ₹ 71,350 | 0% |
06 December 2024
|
₹ 77,670 | ₹ 71,200 | -0.35% |
05 December 2024
|
₹ 77,940 | ₹ 71,450 | +0.13% |
04 December 2024
|
₹ 77,840 | ₹ 71,360 | +0.01% |
03 December 2024
|
₹ 77,830 | ₹ 71,350 | -0.27% |
02 December 2024
|
₹ 78,040 | ₹ 71,540 | 0% |
Naturally, the cultural significance of gold in Vadodara is unquestionable. It not only trades lavishly in gold jewellery for personal use but also as temple jewellery. Some of the peak seasons for the gold trade include wedding seasons and festivities like Akshay Tritiya, Dhanteras, and Diwali.
However, the city also observes a flourishing trade in bars and bullions, followed by trade exchanges. The correlation of gold and the US dollar plays a major role in determining the gold prices here.
Other factors include macroeconomic issues, imports and custom duties, government policies, international relations, interest rate trends, Central Bank actions, and domestic demand.
The wide popularity of gold in this Gujarati city stems from the financial stability it brings to the table. It acts as an important portfolio diversifier that offers risk-adjusted returns and acts as a hedge against inflation.