Gold, a universally cherished asset, holds immense significance not just for its value but as a cornerstone of economic stability, wealth preservation, and cultural investment. Rajkot, a vital commercial hub in Gujarat, plays a strategic role in the gold trade and consumption landscape. The city's gold market thrives on factors such as festive seasons, wedding demand, economic indicators, global market dynamics, and evolving consumer preferences. For businesses and investors, understanding the gold rate in Rajkot is essential for informed decision-making and strategic planning.
Today, let's delve into the business aspects of Rajkot's gold market, examining current prices, karat classifications, influential factors, emerging trends, and professional insights for making sound gold investments in the city.
Gold Price in Rajkot for 22K and 24K Gold Purities
22 Carat Gold Price in Rajkot - (Today & Yesterday)
If you're planning for gold investment, check and compare 22 carat gold rate in Rajkot. Consider taking a look at the following information given below:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,604 | ₹ 7,576 | ₹ 28 |
| Gold rate for 10 gram | ₹ 76,037 | ₹ 75,757 | ₹ 280 |
| Gold rate for 12 gram | ₹ 91,244 | ₹ 90,908 | ₹ 336 |
24 Carat Gold Price in Rajkot - (Today & Yesterday)
Now you can compare the 24K gold price in Rajkot. Check the following table as given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 8,301 | ₹ 8,270 | ₹ 31 |
| Gold rate for 10 gram | ₹ 83,010 | ₹ 82,704 | ₹ 306 |
| Gold rate for 12 gram | ₹ 99,612 | ₹ 99,245 | ₹ 367 |
Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.
Historical Gold Rate in Rajkot For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 04 Feb, 2025 | ₹ 7,603 | ₹ 8,301 |
| 03 Feb, 2025 | ₹ 7,575 | ₹ 8,270 |
| 31 Jan, 2025 | ₹ 7,519 | ₹ 8,208 |
| 30 Jan, 2025 | ₹ 7,447 | ₹ 8,130 |
| 29 Jan, 2025 | ₹ 7,417 | ₹ 8,097 |
| 28 Jan, 2025 | ₹ 7,356 | ₹ 8,031 |
| 27 Jan, 2025 | ₹ 7,364 | ₹ 8,039 |
| 24 Jan, 2025 | ₹ 7,359 | ₹ 8,034 |
| 23 Jan, 2025 | ₹ 7,331 | ₹ 8,003 |
| 22 Jan, 2025 | ₹ 7,345 | ₹ 8,019 |
Monthly and Weekly Trends of Gold Rate in Rajkot
Gold rates in Rajkot have shown a steady upward trend, though daily fluctuations are influenced by global economic trends, exchange rates, local supply-demand dynamics, and policy changes. The table below highlights the gold rate in Rajkot for the last 10 days, providing insights for future price predictions.
Gold Price Calculator in Rajkot
Gold value: ₹ 7,603.70
What is the Current Trend in the Gold Price in Rajkot?
The gold rate in Rajkot varies every day and it is hard to predict what it will be the next day. But you can use this chart to see the trend of gold rate in Rajkot. By looking at it, you can get an idea of how the gold rate is fluctuating.
Importance of Checking Gold Rates in Rajkot Before Buying
Gold remains among the foremost investment choices in Rajkot, prized for its perceived stability against inflation, currency fluctuations, and economic uncertainties. Its cultural and religious significance further fortifies its demand during festivals and ceremonies. Various investment avenues in Rajkot include:
- Direct Purchase: Acquiring gold in the form of bars or coins stands as the traditional route, offering physical possession. However, this avenue incurs storage costs, security risks, making charges, and purity concerns alongside GST and other taxes.
- Investing in Gold-producing Companies: Indirectly investing in companies involved in gold production furnishes exposure to their performance. Yet, it involves market risks, company-specific factors, and regulatory facets alongside brokerage fees and capital gains tax.
- Gold Futures and Options: These advanced investment routes offer speculative opportunities but entail challenges like high leverage, liquidity issues, and transactional fees and taxes.
Navigating the realms of buying and selling gold in Rajkot demands vigilance amid fluctuating rates. This page ensures daily updates on gold rates, catering to diverse queries like today's gold rate per gram in Rajkot or specific karat rates. Bookmarking this page aids those embarking on investment journeys in Rajkot.
Significance of checking Gold Prices in Rajkot
Verifying today's gold rate in Rajkot holds significance in comparing prices offered by different sellers and securing a favorable deal. It aids in sidestepping overpayment, given some sellers might charge rates exceeding prevailing market benchmarks. Additionally, monitoring today's gold rate in Rajkot aids in strategizing gold transactions aligning purchases or sales based on price movements.
How to Calculate Gold Price In Rajkot
Understanding how to calculate today's 1 gram gold price in Rajkot stands crucial for comparative assessments among different jewelers. Here are two methods and their formulas:
Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
Karat Method: Gold value = (Gold’s purity x weight x gold rate) / 100
These methodologies extend beyond gold buying or selling in Rajkot, assisting in gauging gold's value for potential loan endeavors and quality assessments.
Reasons Why Gold Rates Differ Between Rajkot and Other Cities
Disparities in gold rates between Rajkot and other cities stem from manifold factors encompassing international gold prices, rupee exchange rates, local demand-supply dynamics, transport costs, local levies, retailer margins, jewelry associations, purchase prices, and macroeconomic landscapes.