Gujarat jewellery is famous across the globe, with diamond encrusted gold jewellery from Surat attracting worldwide attention. A high per capita income and great investment acumen have ensured that gold is high on the mind of Gujaratis.
More
| Gold Price in Major Cities in Gujarat | Price per 10 grams (22 karat/carat) |
| Gold Price in Ahmedabad | Rs.57,840 |
| Gold Price in Surat | Rs.51,900 |
| Gold Price in Vadodara | Rs.51,900 |
| Gold Price in Rajkot | Rs.51,900 |
| Gold Price in Bharuch | Rs.51,900 |
| Gold Price in Jamnagar | Rs.51,900 |
| Gold Price in Gandhinagar | Rs.51,900 |
| Gold Price in Gandhidham | Rs.51,900 |
| Gold Price in Anand | Rs.51,900 |
| Gold Price in Mehsana | Rs.51,900 |
| Gold Price in Patan | Rs.51,900 |
| Gold Price in Bhavnagar | Rs.51,900 |
| Gold Price in Vapi | Rs.51,900 |
| Gold Price in Amreli | Rs.51,900 |
| Gold Price in Valsad | Rs.51,900 |
| Gold Price in Porbandar | Rs.51,900 |
| Gold Price in Junagadh | Rs.51,900 |
| Gold Price in Navsari | Rs.51,900 |
| Gold Price in Bhuj | Rs.51,900 |
| Gold Price in Deesa | Rs.51,900 |
| Gold Price in Nadiad | Rs.51,900 |
| Gold Price in Surendranagar | Rs.51,900 |
| Gold Price in Morbi | Rs.51,900 |
| Gold Price in Palanpur | Rs.51,900 |
| Gold Price in Godhra | Rs.48,240 |
*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.
Today's Gold Price in Gujarat
Gujarat, the westernmost state of India has been India’s gateway to the world for centuries, with a rich history of trade and culture. This trade resulted in a huge influx of currency, particularly in the form of gold, leading to the start of a love affair with the golden metal. Current gold rates in Gujarat are a reflection of international gold rates, given the fact that a majority of India’s gold needs are met through import. Gujarat, with a long coastline and excellent ports is often the preferred mode for gold imports to enter India, ensuring it plays a significant role in the journey of this precious metal. Gold is an intrinsic part of Gujarat’s culture, with residents purchasing gold to celebrate festivals and other auspicious events.
Trend of Gold Rate in Gujarat for February 2023
| Parameter | Gold price (24 karat) |
| February 1 Rate | Rs.5,658 per gram |
| February 28 Rate | Rs.5,522 per gram |
| Highest Rate in February | Rs.5,748 per gram on 2 February |
| Lowest Rate in February | Rs.5,511 per gram on 27 February |
| Overall Performance | Decline |
| Percentage Change | -2.40 |
Trend of Gold Rate in Gujarat for January 2023
| Parameter | Gold price (24 karat) |
| January 1 Rate | Rs.5,433 per gram |
| January 31 Rate | Rs.5,632 per gram |
| Highest Rate in January | Rs.5,695 per gram on 26 January |
| Lowest Rate in January | Rs.5,406 per gram on 1 January |
| Overall Performance | Incline |
Trend of Gold Rate in Gujarat for December 2022
| Parameter | Gold price (24 karat) |
| December 1 Rate | Rs.5,241 per gram |
| December 31 Rate | Rs.5,433 per gram |
| Highest Rate in December | Rs.5,433 per gram on 31 December |
| Lowest Rate in December | Rs.5,241 per gram on 1 December |
| Overall Performance | Incline |
Trend of Gold Rate in Gujarat for November 2022
| Parameter | Gold price (24 karat) |
| November 1 Rate | Rs.5,004 per gram |
| November 30 Rate | Rs.5,220 per gram |
| Highest Rate in November | Rs.5,288 per gram on 17 November |
| Lowest Rate in November | Rs.3,660 per gram on 10 November |
| Overall Performance | Incline |
Trend of Gold Rate in Gujarat for October 2022
| Parameter | Gold price (24 karat) |
| October 1 Rate | Rs.4,999 per gram |
| October 31 Rate | Rs.5,015 per gram |
| Highest Rate in October | Rs.5,157 per gram on 5 October |
| Lowest Rate in October | Rs.4,978 per gram on 21 October |
| Overall Performance | Incline |
Gold investment avenues in Gujarat
Gold is viewed as an excellent investment tool in Gujarat, with residents purchasing it in a bid to diversify their investment portfolios.
Over-the-counter - Jewellery accounts for a major portion of gold investments in Gujarat, with a majority of residents in small towns choosing jewellery over other forms of the precious metal. Jewellery stores across Gujarat cater to different budgetary needs, offering competitive rates to customers. Gold bars and coins are generally purchased by serious investors looking for long term solutions and are available at major jewellery stores and banks. Coins and bars sold by banks are generally a bit more expensive due to their comprehensive quality checks and assurances.
Market trade - Exchange Traded Funds (ETFs), E-gold and futures contracts are some of the popular trading options for gold investors in Gujarat. Tech savvy and young investors are opening up to the idea of market trade, with ETFs growing fast, thanks to their ease of trading and ability to offer good returns on investment. E-gold can be traded through the National Spot Exchange Limited, offering flexibility to traders. Futures contracts are designed to protect investors against market fluctuations, providing them with an opportunity to take delivery of gold on a predetermined date at an agreed upon rate.
How is 22 Carat Gold Different from 24 Carat Gold?
The differences between 22 carat gold and 24 carat gold are mentioned below:
- The purity of 24 carat gold is 99.9%, while the purity of 22 carat gold is 91.6%.
- When compared to 24 carat gold, 22 carat gold is cheaper.
- 24 carat gold is not used for making jewellery, only 22 carat gold is used.
Factors that Affect Gold Rates in Gujarat
The main factors that affect gold rates in Gujarat are mentioned below:
- Local Factors: Several local factors such as government duties and government tariffs affect gold rates. It is important that you check the prices of gold before purchasing.
- Policies: In case any unfavoucrable policies are introduced, gold prices increase in Gujarat.
- Demand for Gold: In case the demand for the yellow metal is low, the prices fall. If the demand for gold is high, the prices increase.
- Interest Rates: In case interest rates are increased, gold is sold by investors.
Investment of Gold in Gujarat
The different ways by which you can invest in gold are mentioned below:
- Commodity Exchange
- Coins
- Bullion
- Jewellery
Things to Consider when Purchasing Gold in Gujarat
Some of the things that must be considered when you purchase gold in Gujarat are mentioned below:
- It is important to purchase gold that is hallmarked. The hallmark symbol will ensure that you are purchasing pure gold.
- It is vital that you check the mark movement before you purchase gold. Picking up gold at low prices will help in the long run. Checking the market movement will help in picking up gold at a lower rate.
Also check Silver price in Gujarat
FAQs on Gold rate in Gujarat
- Which gold is best to invest in Gujarat?
If you are looking forward to long term investment in Bhubaneshwar then 24 karat gold is the best option. If you are looking forward to making jewellery, then investing in 22 karat or 18 karat gold would be a better option.
- What precautions should be taken while purchasing gold jewellery in Gujarat?
While purchasing gold jewellery in Gujarat, you need to make sure to check for purity, negotiate making charges, and cross check the price of the yellow metal. You must know that the price varies based on the purity of gold.
(Video) 27 मार्च 2023, sone ka bhav, chandi ka bhav, sone chandi ke bhav, gold rate today, gold price today - Which factors affect the gold price in Gujarat?
The gold prices in Gujarat are affected by various external factors such as the rate of Indian currency with respect to US dollar, price of oil, important political events, etc. The internal factors such as the policies introduced by the government, interest rate, the demand for gold, etc., also have an impact on gold prices in India.
- What is the significance of Gujarat gold in Indian weddings?
As gold is considered as the symbol of Goddess Lakshmi and signifies fortune, prosperity and wealth, it features prominently in Indian marriages.
- What is the difference between 22 karat gold and 24 karat Gujarat gold?
The difference between 22 karat gold and 24 karat gold is the amount of pure gold that is present in it. 24 karat gold is 100% pure gold, that is, it is composed of 100% pure gold. 22 karat gold, on the other hand, is composed of 91.67% pure gold. The 22 karat gold has impurities mixed with it in the form of alloy of metals like silver and copper.
- How can I check whether the Gujarat gold that I have purchased is authentic?
One of the easiest ways to check the authenticity of your gold is to conduct the float test. Take your gold ornament and put it in a bowl of cold water. If the gold item sinks to the bottom of the bowl, then it is real gold since the precious metal’s density is high, otherwise it fake or a plated gold ornament.
- Why is 24 karat gold not used for making jewellery in Gujarat?
The 24-karat gold is of the highest purity and is very soft. This softness allows the yellow metal to be easily drawn into wires and beaten into sheets. Because of this exceptional softness, it is difficult for a jeweller to craft intricate jewellery pieces with 24 karat gold.