Gold Rate in Vadodara - LIVE Price of 22 & 24 Carat Gold Today

In Vadodara, gold is more than a precious metal. It symbolises prestige and is cherished in every household. Like many cities, Vadodara witnesses a consistent demand for gold, particularly during occasions and religious ceremonies. However, the decision to purchase gold depends entirely on the current, or today's gold rate in Vadodara. The rates for 22 Karat and 24 Karat gold in Vadodara are influenced by several factors. Vadodara residents need to stay informed about these daily fluctuations to ensure they obtain the best value for their money when buying gold.

Gold Price in Vadodara for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Vadodara - (Today & Yesterday)

If you're planning for gold investment, check and compare the 22 carat gold rate in Vadodara. Consider taking look at the following information given below:

Gram	Today	Yesterday	Price Change
Gold rate for 1 gram	₹ 6,589	₹ 6,584	₹ 5
Gold rate for 10 gram	₹ 65,889	₹ 65,838	₹ 51
Gold rate for 12 gram	₹ 79,067	₹ 79,006	₹ 61

Today 24 Carat Gold Price Per Gram in Vadodara - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Vadodara. Check the following table as given below:

Gram	Today	Yesterday	Price change
Gold rate for 1 gram	₹ 7,193	₹ 7,188	₹ 6
Gold rate for 10 gram	₹ 71,931	₹ 71,875	₹ 56
Gold rate for 12 gram	₹ 86,317	₹ 86,250	₹ 67

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 Vadodara For The Last 10 Days

Gold, as an international commodity, is influenced by various domestic and global factors, leading to fluctuations in the daily prices of gold in Vadodara. Then, there are also the domestic and local factors that affect its price. Buyers encounter challenges in identifying the right day to purchase gold items at the most favourable price. This is because the gold price in Vadodara today is a build-up of the gold price over the past few days. Also, knowing this is beneficial for timing gold purchases.

The table below outlines the prices of gold for 22K and 24K purity in Vadodara over the last 10 days.

Day	22K Pure Gold	24K Pure Gold
06 Sep, 2024	₹ 6,588	₹ 7,193
05 Sep, 2024	₹ 6,583	₹ 7,187
04 Sep, 2024	₹ 6,530	₹ 7,129
03 Sep, 2024	₹ 6,548	₹ 7,149
02 Sep, 2024	₹ 6,550	₹ 7,151
30 Aug, 2024	₹ 6,591	₹ 7,195
29 Aug, 2024	₹ 6,595	₹ 7,200
28 Aug, 2024	₹ 6,566	₹ 7,169
27 Aug, 2024	₹ 6,573	₹ 7,176
26 Aug, 2024	₹ 6,599	₹ 7,204

Monthly and Weekly Trends of Gold Rate in Vadodara

Exploring monthly and weekly trends of the gold rate today for 22K in Vadodara provides valuable insights into the direction the gold rate is likely to take. This aids well-informed decision-making. One can find updated information on gold on a monthly and weekly basis with different purity levels on various online sources and from jewellery shops of reputed jewellers.

Gold Price Calculator in Vadodara

Gold amount

gm 10gm

Gold value: ₹ 6,588.90

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What is the Current Gold Rate Trend in Vadodara?

Vadodara has a sound base of industrialisation. Industries such as chemicals, engineering, petrochemicals and plastics are some of the leading sources of employment in the city. Textiles and machine tools are the other important industries in the city.

This healthy pace of development adds to the living standards of its citizens who desire to improve their lives. This stokes the demand for gold, thus leading to a steady rise in the current gold rate in Vadodara, especially for 22K and 24K gold.

Importance of Checking Gold Rate Today in Vadodara Before Buying

Gold prices are subject to change owing to domestic and international factors. Any significant event impacts the price of gold. So, as a customer looking to buy gold, one must know what the gold rate is today in Vadodara by staying informed about the events happening in the country. Monitoring the gold rate today in Vadodara safeguards against overpayment and enhances the overall value of the transaction.

Factors that Affect the Gold Prices in Vadodara

Gold rates in Vadodara fluctuate based on global gold production, international demand and supply, economic and political conditions and exchange rate fluctuations. Domestic factors like state taxes, octroi, local bullion associations, prominent jewellers, RBI's gold reserve, inflation, and central bank policies also contribute to gold price dynamics in Vadodara. This impacts today’s gold rate in Vadodara. 22 carat gold is generally sought by citizens for making jewellery. Hence, one must stay updated about current affairs while tracking gold prices.

How is Gold’s purity determined?

The terms 24K, 22K and 18K refer to the ‘karatage’ or the purity level of the gold. In India, the karat scale ranges from 1 to 24, the latter being the purest form of gold. ‘Carat’ too means purity of gold. In India, the Bureau of Indian Standards (BIS) assesses gold’s purity through a hallmarking system, which determines today’s gold rate in Vadodara per gram. Dealers must also display the hallmark symbol of purity on all their products. Also, the laboratory evaluating the purity of gold jewellery must imprint its logo on the jewellery. Prospective buyers should verify the 916 gold rate in Vadodara before investing in gold.

1 Gram Gold Price in Vadodara: How is it Calculated?

Understanding gold prices and their calculation methods in Vadodara is crucial. Two approaches, the Purity Method (Percentage) and the Karat Method, play a vital role in valuing 1 gram of gold in Vadodara. These methods are essential for buying, selling, and valuing gold loans.

The two popular methods are:

The Purity Method (Percentage): Gold value = (Gold purity x weight x gold content) / 24 and

The Karat Method: Gold Value = (Gold purity x weight x gold) / 100

When considering buying gold for jewellery-making, one must track the 916 gold rate in Vadodara to get gold at the desired price.

Reasons Why Gold Rates Differ Between Vadodara and Other Cities

The gold rate per gram in Vadodara differs from other cities due to taxes, transportation costs, purity levels, and local demand and supply. Residents should consider these factors when evaluating the gold rate per gram in Vadodara, while understanding the city-specific dynamics that shape the pricing of the precious metal.