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Gold Rate in Ahmedabad (23rd January 2017)

The state of Gujarat has always been known for its flourishing trade in gold. In fact, a host of jewellers that the country has seen come from the State of Gujarat.

Ahmedabad is the biggest city in the state of Gujarat in terms of population. The gold trade has flourished in the city and gold trade, like any other trade is an important livelihood for many individuals living in Ahmedabad.

We have herewith provided gold rates in Ahmedabad. This would help our readers to take informed decision before buying gold.

Today 22 Carat Gold Price Per Gram in Ahmedabad (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,818.80 ₹ 2,818.80 ₹ 0
8 gram ₹ 22,550.40 ₹ 22,550.40 ₹ 0
10 gram ₹ 28,188 ₹ 28,188 ₹ 0
100 gram ₹ 2,81,880 ₹ 2,81,880 ₹ 0

Today 24 Carat Gold Rate Per Gram in Ahmedabad (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,004.30 ₹ 3,004.20 ₹ 0.10
8 gram ₹ 24,034.40 ₹ 24,033.60 ₹ 0.80
10 gram ₹ 30,043 ₹ 30,042 ₹ 1
100 gram ₹ 3,00,430 ₹ 3,00,420 ₹ 10

Gold Rate in Ahmedabad for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jan 22, 2017 ₹ 28,188 ₹ 30,043
Jan 21, 2017 ₹ 28,188 ₹ 30,042
Jan 20, 2017 ₹ 28,188 ₹ 30,041
Jan 19, 2017 ₹ 28,358 ₹ 30,212
Jan 18, 2017 ₹ 28,358 ₹ 30,211
Jan 17, 2017 ₹ 28,226 ₹ 30,078
Jan 16, 2017 ₹ 0 ₹ 0
Jan 14, 2017 ₹ 27,958 ₹ 29,808
Jan 13, 2017 ₹ 28,038 ₹ 28,892
Jan 12, 2017 ₹ 27,845 ₹ 29,703

Weekly & Monthly Graph of Gold Price in Ahmedabad

Historical Price of Gold Rate in Ahmedabad

  • Gold Price Movement in Ahmedabad, December 2016
  • Gold Rates 22 Carat 24 Carat
    1 st December rate Rs.28,475 Rs.30,445
    31st December rate Rs.27,058 Rs.28,943
    Highest rate in December Rs.28,475 on December 1 Rs.30,445 on December 1
    Lowest rate in December Rs.26,468 on December 23 Rs.28,362 on December 23
    Over all performance Falling Falling
    % Change -4.98% -4.93%
  • Gold Price Movement in Ahmedabad, November 2016
  • Gold Price Movement in Ahmedabad, October 2016
  • Gold Price Movement in Ahmedabad, September 2016
  • Gold Price Movement in Ahmedabad, August 2016
  • Gold Price Movement in Ahmedabad, July 2016

Gold prices in Ahmedabad in 2016

Gold prices have moved higher in 2016. Lesser worries of the US Federal Reserve hiking interest rates has helped gold prices. In line with global markets, Gold prices in Ahmedabad have also shown a healthy rising trend. There are basically two factors that have led to an increase in gold rates this year. One is that risk aversion has taken centre stage, with investors largely selling equities and buying gold, after a stupendous rally in share prices last year.

Investors have also largely been diversifying their portfolio, which has led to a rise in prices.

Gold rates in Ahmedabad have largely been steady in this month of May. However, we believe that there is a potential for some more traction, though a runaway rally in gold is ruled out.

The major damage to gold prices would come from the US Federal Reserve, which could hike interest rates. Many believe that the second hike in US Federal

Different ways to buy gold in Ahmedabad

You can look at different options before you buy gold. These include through gold ETFs and also through silver coins and gold bars. However, it must be remembered that buying physical gold, means that you need to incur expenditure with regards to storage. Also, there is a worry of theft that may arise.

These days investors are increasingly looking are gold ETFs. According to a news report gold demand rose in the first quarter of 2016, largely on the back of rise in gold ETF investment.

In any case, do look at gold rates in Ahmedabad before buying gold.

Demand for gold in Ahmedabad

Until a few years ago, there was terrific demand for gold in the city of Ahmedabad. Over the years what has also happened is that individuals have gradually shifted their preference for a certain type of gold and that is from physical gold like coins and bars to various other things. This has reduced physical demand considerably over a period of time. In fact, investors are today also looking at things like gold exchange traded funds. While this may see complicated for people staying in Ahmedabad it is not too difficult since many individuals already have demat accounts. This same account can be used for buying gold exchange traded funds. If you are looking at buying gold coins the demand has not been subdued and one can still invest with a decent medium term perspective in mind.

Check purity of gold rates in Ahmedabad

Before buying gold in Ahmedabad it is always a good idea to go for 916 hallmarked gold. Sometimes, it is possible that you may not get hallmarked gold. In such cases, what you can do is go for a jeweller that is reputed. You can go to your family jeweller, from whom you have been buying gold for sometime. This will ensure that you are ensured of purity and you can sleep with peace of mind. However, it is never easy to always bet gold that is halmarked. Sometimes, it is highly possible that there will be no essaying centres to check the purity of gold. In such cases what you can do is go to tried and tested jewellers in India. There are also a number of reputed gold shops, including the renowned chains. the options are 22 karats and also 24 karats gold. These days there is also a choice of buying 18 karats gold. For example, if you are looking at goild coins, sometimes you can get 22 karats gold. It is also important to remember to check and buy gold in Ahmedabad, as there can be a difference in prices.

Where are Ahmedabad gold rates heading?

The straightforward answer we would like to give, is that we do not know. It is always tricky to predict gold prices. But, we can give you certain trends that would determine gold prices and they do not look encouraging at all. First, there is the real and continuous threat of interest rates rising. When that happens it is not good news for gold. The other is that the dollar is gaining against a basket of currencies. This is not a good thing for gold prices in Ahmedabad. One more important factor that we should remember is that gold rates in Ahmedabad also depend a lot on how the government places taxes, which are very important for gold rates in Ahmedabad.

What to check when buying gold in Ahmedabad?

There are a whole lot of things that you should be checking before buying gold in Ahmedabad. Among these include the purity or the karats of the precious metal. Higher the karats greater is the purity of the metal. For example, if you buy 22 karats gold, the purity is just about 91.6 per cent of gold. So, you have slightly under 10 per cent that is metals. On the other hand 24 karats gold is 99.9 per cent pure or as we say the most pure karats gold. If you are buying gold in Ahmedabad, that is the first thing that you would like to see. Apart from this, you can also take a look and compare rates of different jewellers in the city of Ahmedabad. Remember, that gold rates would not change per se. What will chance is the making charges that would vary from jeweller to jeweller.

Latest Updates on Ahmedabad Gold Rates

Ahmedabad gold rates hold flat

Gold rates in the city of Ahmedabad were absolutely flat, as investors bought into the precious metal even on declines as global cues were not very supportive. Gold for 22 karats in the city of Ahmedabad were last seen trading at Rs 26,650 per 10 grams, something that we have seen often in the last few days. The precious metal hits these levels and then sees a sharp decline from these levels. In fact, if you get an opportunity to buy into gold in Ahmedabad at around the Rs 26,000 levels it may not be a bad idea to accumulate. We strongly suggest that you buy around these levels to profit from an upward movement in prices. It does not matter whether you are a short, long term or medium term investor in the precious metal. We believe that at some stage the dollar would fall all over against a basket of currencies and this would be a good opportunity to buy into the metal.

24 December 2016
Gold rates in Ahmedabad stay steady

Gold prices in Ahmedabad were steady as global cues were subdued and weak. Gold for 22 karats was last seen trading at Rs 26,750 per 10 grams and 24 karats god also went marginally higher. It is unlikely that we will see a sharp increase in rates going forward.

 

 

 

23 December 2016
Gold prices in Ahmedabad lose momentum

Gold prices in Ahmedabad, which were higher in the past two days of the week dropped in trade on December 22, 2016. However this was just a marginal drop in the rates in the city, unlike some places where there was slightly greater drop in the price of the precious metal. If you are looking to buy gold in Ahmedabad it is better to look at a slightly medium term perspective, given that gold has not shown much of a surge in prices. There are possibilities that net year we could see a good recovery in prices. This is because there maybe some increased asset allocation to gold, which should augur well for the precious metal. You should not be too worried of where gold rates in Ahmedabad are headed as you can adopt a wait and watch strategy. However, holding long term can give good dividends.

22 December 2016
Gold rates in Ahmedabad maintain trend

Gold rates in Ahmedabad maintained a steady trend in trade today with international prices finally showing signs of stabilizing. It is unlikely that we will see too much of a price decline in the city, as gold prices have already fallen dramatically in the last few months. If you are looking to by gold wait and wait for some more time.

19 December 2016
Gold prices in Ahmedabad fall

Gold rates in Ahmedabad flattened as global cues were weak, capping another poor day of returns. In the global markets gold prices ended the week lower and marking the sixth straight week of declines. Interestingly, it not the only city where gold prices have been falling, but the trend is prevalent in almost all of the cities in India.Gold for 22 karats in Ahmedabad is now set to breach the Rs 27,000 levels very shortly. When that happens you should be grabbing gold and buying into them. We have not seen such low prices in almost one year now. Maybe it is time to buy gold in Ahmedabad.

17 December 2016
Gold rates hold ground

Gold rates in the city of Ahmedabad were trading steady as investors sold into the precious metal, after the US Federal Reserve slashed interest rates in the US. Gold for 22 karats was trading at Rs 26,656 per 10 grams as investors across the globe sold into the precious metal. Jewellers in the city of Ahmedabad say that there maybe some buying that could emerge at lower levels in the gold. Technically too the precious metal is in oversold position as investors have sold at every level. Gold rates Ahmedabad may now get some support from lower prices. In any case gold at Rs 26,000 would be a good bet to by and hold for at least one year. Maybe 2017 would usher in glad tidings for gold.

16 December 2016
Gold prices at Rs 27,520 per 10 grams

Gold prices in Ahmedabad dropped as much as Rs 129 in the city, as global prices fell. In fact, most cities in India saw a dramatic fall in prices. International gold rates dropped by a staggering $10 and was last trading at $1144 an ounce. This is a dramatic fall from levels of $1280 seen a few weeks back.

15 December 2016

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

 
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