Vadodara, also known as Baroda, is the third-largest city in the state of Gujarat, India. Apart from being an important industrial, cultural and educational hub, Vadodara is the home of major industries such as petrochemicals, engineering, chemicals, pharmaceuticals, plastics, IT and foreign exchange services. People invest in Gold for many reasons such as investment, ritual, gifting, jewellery, wedding, security against inflation, high resale value, festivities, etc. Gold rates in Vadodara are significantly higher during special occasions such as Diwali, Dussehra, Dhanteras, Akshaya Tritiya, etc.
Since Gold is valued all over the world, factors affecting the rate of Gold in Vadodara stem internationally. Gold is traded in the international markets, which are influenced by a lot of factors, right from interest rates to the movement of dollar to interest rates. The correlation of Gold and USD is just the opposite, when one of them falls, the other gains and vice versa. This is a major factor which impacts the rate of Gold in Vadodara. Additional factors which influence the rate of Gold in Vadodara include:
Gold is available in two forms - 22 or 24 Karat. This determines the purity of the metal. 22 Karat implies that the purity is 92%, while 24 Karat Gold comes with 99.9% purity. There are several ways to buy Gold in Vadodara, depending on the amount needed.
You should look into the following factors before purchasing Gold in Vadodara:
Purity Certification - Ensure that the Gold article is BIS certified. A BIS certified gold jewellery includes BIS logo, Purity/fineness Mark, Assaying and Hallmarking Centre’s Mark, Year of Marking and Jewellers Identification Mark.
Making Charges - This is the cost of molding a Gold article as per the desired design. These expenses are also dependent on factors such as the design of the gold jewellery, gold jewellery brand or jeweller from which you are purchasing gold, etc. It can range from 8% to 25%.
Weight - The price of Gold is directly proportional to its weight. If a Gold article has precious gems and stones, the weight as well as price of Gold will increase.
Invoice - Always purchase Gold with a physical invoice. It will help at the time of exchanging your gold jewellery.
Trend of Gold Rate in Vadodara for August 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st August rate | Rs.34,100 | Rs.34,790 |
| 31st August rate | Rs.37,990 | Rs.38,760 |
| Highest rate | Rs.38,220 on August 29 | Rs.39,020 on August 29 |
| Lowest rate | Rs.34,100 on August 1 | Rs.34,790 on August 1 |
| Overall performance | Rising | Rising |
| % change | +11.41% | +11.41% |
Trend of Gold Rate in Vadodara for July 2019 (rates per kg)
| Gold Rates | 22 Karat | 24 Karat |
|---|---|---|
| 1st July rate | Rs.33,130 | Rs.34,200 |
| 31st July rate | Rs.34,050 | Rs.35,050 |
| Highest rate | Rs.34,400 on July 19 | Rs.35,400 on July 19 |
| Lowest rate | Rs.32,700 on July 2 | Rs.33,700 on July 2 |
| Overall performance | Rising | Rising |
| % change | +2.56% | +2.49% |
Trend of Gold Rate in Vadodara for June 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st June rate | Rs.31,560 | Rs.32,480 |
| 30th June rate | Rs.33,320 | Rs.33,980 |
| Highest rate | Rs.33,520 on June 25 | Rs.34,190 on June 25 |
| Lowest rate | Rs.31,560 on June 1 | Rs.32,480 on June |
| Overall performance | Rising | Rising |
| % change | +5.58% | +4.62% |
Trend of Gold Rate in Vadodara for May 2019 (rates per kg)
| Gold Rates | Gold Rates | 24 Carat |
|---|---|---|
| 1st May rate | Rs.31,160 | Rs.32,290 |
| 31st May rate | Rs.31,460 | Rs.32,460 |
| Highest rate | Rs.31,800 on May 14 | Rs.32,800 on May 14 |
| Lowest rate | Rs.30,950 on May 4 | Rs.31,950 on May 4 |
| Overall performance | Rising | Rising |
| % change | +0.96% | +0.53% |
Trend of Gold Rate in Vadodara for April 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st April rate | Rs.31,150 | Rs.32,190 |
| 30th April rate | Rs.31,360 | Rs.32,490 |
| Highest rate | Rs.31,410 on April 9 | Rs.32,540 on April 9 |
| Lowest rate | Rs.30,820 on April 4 | Rs.32,010 on April 4 |
| Overall performance | Rising | Rising |
| % change | +0.67% | +0.93% |
Trend of Gold Rate in Vadodara for March 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st March rate | Rs.32,400 | Rs.33,060 |
| 31st March rate | Rs.30,970 | Rs.32,350 |
| Highest rate | Rs.32,400 on March 2 | Rs.33,200 on March 2 |
| Lowest rate | Rs.30,970 on March 30 | Rs.32,350 on March 30 |
| Overall performance | Falling | Falling |
| % change | -4.41% | -2.15% |
Precious metals such as Silver and Gold are subjected to Goods and Services Tax. A 3% GST is applicable on the final price of Gold.
The Bureau of Indian Standards (BIS) is the primary hallmarking agency. It is the National Standards body of India that authenticates the purity of Gold in India. Hallmarking is the process which records and determines the metal content in Gold/Silver articles. Hallmarked Gold will contain the following information:
The different ways by which a user can buy gold include:
In conclusion, Gold is a good investment option. However, you must ensure that you purchase Gold from a certified and established jeweller to get a fair price and good quality.
What is the rate of Gold per gram in Vadodara?
The rate of Gold per gram in Vadodara is Rs. 3,739 as on 9th September 2019.
What is the rate of Gold for 10 grams in Vadodara?
The rate of Gold per 10 grams in Vadodara is Rs. 37,390 as on 9th September 2019.
What is the rate of Gold for 100 grams in Vadodara?
The rate of Gold per 100 grams in Vadodara is Rs. 3,73,900 as on 9th September 2019.
What is the rate of Gold for 1 kg in Vadodara?
The rate of 1 kg Gold in Vadodara is Rs. 37,39,000 as on 9th September 2019.
