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Gold Rate in Vadodara (26th May 2017)

The city of Vadodara, was earlier called Baroda and is amongst the top three cities in the state of Gujarat. Gold is actively bought and sold in the city and residents here have always been excited by gold and gold ornaments. Gold rates in Vadodara, change twice everyday and individuals should check the price in the city before buying gold.

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

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,870 ₹ 2,877 ₹ -7
8 gram ₹ 22,960 ₹ 23,016 ₹ -56
10 gram ₹ 28,700 ₹ 28,770 ₹ -70
100 gram ₹ 2,87,000 ₹ 2,87,700 ₹ -700

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,118.90 ₹ 3,100 ₹ 18.90
8 gram ₹ 24,951.20 ₹ 24,800 ₹ 151.20
10 gram ₹ 31,189 ₹ 31,000 ₹ 189
100 gram ₹ 3,11,890 ₹ 3,10,000 ₹ 1,890

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

Date 22 Carat 24 Carat
May 25, 2017 ₹ 28,700 ₹ 31,189
May 24, 2017 ₹ 28,770 ₹ 31,000
May 23, 2017 ₹ 28,350 ₹ 30,900
May 22, 2017 ₹ 28,200 ₹ 30,750
May 20, 2017 ₹ 28,285 ₹ 30,776
May 19, 2017 ₹ 28,400 ₹ 30,870
May 18, 2017 ₹ 28,380 ₹ 30,960
May 17, 2017 ₹ 27,910 ₹ 30,447
May 16, 2017 ₹ 27,900 ₹ 30,445
May 15, 2017 ₹ 27,880 ₹ 30,414

Weekly & Monthly Graph of Gold Price in Vadodara

Historical Price of Gold Rate in Vadodara

  • Gold Price Movement in Vadodara, April 2017
  • Gold Rates 22 Carat 24 Carat
    1 st April rate Rs.28,380 Rs.30,440
    30th April rate Rs.28,425 Rs.31,005
    Highest rate in April Rs.29,850 on April 15 Rs.32,564 on April 15
    Lowest rate in April Rs.27,700 on April 7 Rs.30,100 on April 7
    Over all performance Rising Rising
    % Change +0.16% +1.86%
  • Gold Price Movement in Vadodara, March 2017
  • Gold Price Movement in Vadodara, February 2017
  • Gold Price Movement in Vadodara, January 2017
  • Gold Price Movement in Vadodara, December 2016
  • Gold Price Movement in Vadodara, November 2016

Where to buy gold in Vadodara?

There are a number of places where you can buy the precious metal. Along with gold there is also a good demand for silver in the city. There are many jewellers located on the R C Dutt Road at Alkapur. There are also many gold shops that located at Race Course Road. Large gold shops and popular shops like Kalyan Jewellers are also found in the city.

There are no shortage of shops in the city, where many individuals and investors patronize these shops. Do remember to check the gold prices in Vadodara before buying gold in the city.

How to buy gold in Vadodara?

Before buying gold in Vadodara, you should check for a number of things. Remember that if you are going to a smaller jeweller shop, check the purity. You can do this by buying only hallmarked jewellery.

It is also important to remember that you need to check the fineness also of the gold, if it is 18k, 22k or 24 k.

Apart from this, as suggested earlier you need to check gold rates in Vadodara for an updated price. At goodreturns.in we give you the latest gold prices in Vadodara.

How gold rates in Vadodara are determined?

Generally speaking, prices of the precious metal move in line with international prices.  When gold prices go up globally, they also move up in the city. So, if you understand you can track the international prices of gold and study how gold rates in Vadodara would move.

Apart from this, you should also remember that gold rates also  depend on the duties that the government imposes from time to time. In the Union Budget 2016-17, the government had raised the duty on gold. This also changed gold rates in Vadodora as also the domestic market.

Why you must take a bill when buying gold in Vadodara?

Vadodara the Cultural Capital of Gujarat and is the third largest city in the State of Gujarat. Though you are subjected to taxes, but it is very important to take a bill while buying gold in Vadodara.

It is true that you will have to make good taxes such as wealth tax and other taxes if you take a bill and even if you buy gold jewelry above Rs 50,000, you may also have to supply your PAN card number. It is advantageous of taking a bill.
The main advantage of taking a bill is when you want to exchange your gold. The jeweler or bank will ask for a bill for sure.
So always take a bill and check gold rates in Vadodara before buying or selling gold. For accurate and best results check for gold price in Vadodara on goodreturns.in

Do you what is 916 hallmarked gold in Vadodara means?

916 hallmarked gold is the finest of gold, which exactly means 91.6 grams of pure gold is alloyed with another metal in 100 grams of gold. 916 gold means 22 karats gold where as 24 karats gold means 99.9 per cent of gold. We can get the 916 hallmarked gold rates in Vadodara from a local jeweler and there are plenty of them.

It is better to check online for the prices from where we can get the accurate gold price in Vadodara such as goodreturns.in. Not Only hallmark there are few more aspects which we should check before buying gold in Vadodara. Those things are the date of manufacture of the gold, jewelers stamp etc., before you buy hallmarked gold in the city. There are various essaying centres in the country where you get these.

These things will be very useful at the time of selling or opting a loan on gold jewellery because the bank or jeweller who is buying or give you a gold loan will check for these aspects first. In any case it also gives you satisfaction that you have bought the finest quality gold in Vadodara. So, go for these.

Gold's role during inflation in Vadodara

Gold plays a major role during inflation . Few smart investors do investment in gold during Inflation. By buying they know they are building a barrier around them against inflation. So that Inflation must not affect them.

Investing in gold will be very profitable in long term than short term as this precious metal gives great returns over a period of time. Because gold rates are very much related to Inflation. It is simple, Inflation is proportional to interest rates and Gold rates are inversely proportional to interest rates. As we know Gold rates will decrease with the increase in Interest Rate. As per the relation between Inflation and Interest rate Gold rates will decrease with the increase in Inflation and vice versa.

Here is a simple example to explain the relation between Gold rates in Vadodara, inflation and Interest rates. One may recall that in the 1970s gold was around Rs. 184 per 10 grams. Since then, you know the gold price now.

During crisis gold has always been beneficial and gold is a metal which one can sell or can get a loan easily. But its important to check gold rates in vadodara before selling or buying.

Factors affecting gold rates in Vadodara

There are many factors that affect gold rates in Vadodara. One of these is due to which gold rates in Vadodara change due to currency movement. As we know that we import gold from other countries. So if the value of rupee against the dollar drops, gold prices in Vadodara will rise. Let's Assume, the rupee value presently is Rs.68.09 equals to one dollar. If it increases to Rs. 70.10, then the rate of of gold price will also increase. Similarly, if the value becomes 65.10 equals to one dollar the gold rates will decrease.

Even the International gold prices movement affects gold rates in Vadodara. When the international rate of gold goes up, gold rates in Vadodara will also go up. International prices of gold depend on various things including the dollar movement against currencies. Another important key factor in gold rates movement is the interest rates. When interest rates fall, gold rates will move down. Similarly, when interest rates are up gold rates will move up.

Not only these there are several factors which affect gold price in Vadodara. So, its better to check gold rates in Vadodara everyday. As ge-political situations are changing day to day.

5 signs you need to check on gold jewelry in Vadodara?

There are 5 signs one needs to check on gold jewelry before buying. They are:

1. BIS (Bureau of Indian Standards) Hallmark
2. Purity Grade
3. Hallmarking center mark.
4. Year of Making
5. Jeweler Identification Mark

1. BIS (Bureau of Indian Standards) Hallmark
This mark is the most important mark one should check before buying it is given by the governmental bureau to certify the purity of metal you are buying.

2. Purity Grade
Purity Grade mark is a mark which certifies how many karats is the gold jewelry you are buying. This helps to check are you paying correct price as per the gold rates in Vadodara.

3. Hallmarking Center mark
There are nearly 313 centers in India this mark explains at which BIS Hallmarking center this specific gold jewelry has been tested.

4. Year of Making
Year of making explains us in which year that specific jewel has been manufactured. This is not mentioned directly with year. The year is explained with a specific alphabet. Example: N for 2011, p for 2012

5. Jeweler Identification Mark
This mark is not available on every jewelry one is buying, only a few reputed jewelers have their marks on the jewelry they sold.

If the jewelry you are buying have these marks it will be helpful while you are exchanging or selling your gold jewelry.

Wastage charges on gold jewelry in Vadodara

If one is planning on making new gold ornaments or jewelry one needs to know about few hidden charges but it is better if we know these charges before buying, and the charges are making charges, wastage charges  etc. Few jewelers add these charges to the bill without any explanation why and for what the customer is being charged.

Even few jewelers offer as they are not charging for making but include those charges in wastage charges without taking charges customer's knowledge.

These charges normally come into the picture not when we are selling the jewelry but come when we are exchanging or remodeling the jewellery. So the first thing you should ask the jeweler before remodeling or exchanging the jewelry is: "Is there any making or wastage charges". If yes, how much is the charges and end of the transaction must ask bill and check for the charges.

But to find are you charged correctly or not one needs to know what are gold rates in Vadodara on the day one is buying the jewelry and you can find the accurate gold price in Vodadora on our website.

The best option is to go for a reputed jeweler because they provide complete information in detailed form in the bill.

Gold Loan in Vadodara?

For obtaining gold loan in Vadodara one should have gold jewellery of a minimum purity of 18k or above to avail a loan against thier gold jewelry by pledging them.

Gold loan is one of the quickest loans to be sanctioned. The lender will hold gold jewelry to give a loan. But for taking a loan there are few minimum documents by carrying which you can get the loan at its quickest.

Taking a gold loan is a smart way of utilizing an idle asset, then storing gold at home. It is profitable to opt for a loan as one can start or invest into some other business and make money. The Lender will be safe guarding your gold jewelry.

Gold loans can be availed from banks as well as NBFC's (NonBanking Financial Companies). There are a number of NBFC's which gives loans only on gold. From this kind of companies, one can avail good offers as they will be giving good interest rates, pre-payment charges etc. Nationalized banks and other private banks also give loans on gold. Can't say which will be best as the offers will be changing day to day. Better to check offers as well as gold rates in Vadodara before opting for a loan.

Why invest in gold in Vadodara?

Investing in gold is like investing in a share in the stock market because no one can predict will the gold rates in Vadodara will rise or fall. As no has direct control over it.

Gold has risen exponentially in past few years due to the de-stabilization of the dollar and other reasons such as the crisis in Europe and etc. As there are number of factors which affects the gold prices in Vadodara everyday.

If one is planning to invest in long term gold will be the best option as per the history of gold though it fluctuates in short term. But in long term gold never disappoint.

To invest in gold there are many options such as one can invest in gold in physical form like gold jewelry or even can buy bars and coins. If one is planning to invest physically it is advisable to go for bars or coins. One can buy gold bars and coins from banks as well and the bars and coins available at banks will be purest and hallmarked. While selling it will be easy to the investor.

One can invest in gold in electronic form as well. The electronic form of gold includes bonds, ETF's and etc.

Is rose and white gold, Gold?

In its purest form, gold will be the yellow color which is its natural color. To make fancy and strong jewelry, Jewelers these days are making colorful gold jewelry in which popular colors are rose gold jewelry and white gold jewelry.

These cannot be found in 24 karats gold. Gold need to be alloyed with other metals to obtain this colorful shades in gold jewellery. This alloying process not only brings different colors to the jewelry but also brings strength and durability to the ornament. By this alloying process, one can obtain not only rose and white color but also green, blue and gray color jewelry.

These colors in gold jewelry are obtained when it alloyed with other metals such as Rhodium, copper, silver, zinc and etc.

For obtaining White gold, pure gold is alloyed with palladium, nickel, and zinc.
For obtaining Rose-gold or pink gold, pure gold is alloyed with copper and silver.

For obtaining Green gold pure gold is alloyed with silver and copper. In some places green gold is called Electrum.

These days Yellow gold is not so much in trend, and other colors of gold such as White, Green Pink is being used in marriage jewelry such as Wedding Rings and Ear Rings etc.

Why Investors in Vadodara prefer to invest in Gold ETF's?

Investors in Vadodara prefer to invest in gold because of many reasons of which the main reason is flexibility in selling and buying. The investors only need to do is follow gold rates in Vadodara every day.

The flexibility will be high than buying and selling gold in physical form. In physical form, one needs to visit jeweler or banks to buy and sell gold and even it is easy to buy gold but not that easy to sell gold in physical form. When it comes to ETF's one can buy and sell gold ETF's just like buying and selling shares in share market. All one needs to do is a to make a call to his stock broker or even sell and buy by visiting the website where they have their demand accounts. There are a lot of companies which offers Gold ETF's such as Share Khan, Karvy etc. Now even mobile applications has been developed where one can buy and sell their gold ETF's by doing few taps on thier smart mobile.

There will be few charges such as brokerage charges, account opening etc. But its worth spending for the flexbility that Gold ETF's offer. In fact, a lot of flexibility when compared to physical Gold.

The tax implications for gold in Vadodara?

There are mainly two types of taxes on gold in Vadodara. One is Capital gain tax and the other is a wealth tax. Both the taxes are not to worry for normal buyers. But for investors, it is a big worry as they may need to pay heavy taxes if they don't plan accordingly.

One need to understand that, wealth tax is for those who have gold jewellery or gold bars or coins which worth more than 30 lakhs. If you think the gold you are having is valued around 30 lakhs it is better to check gold rates in Vadodara everyday. If the price of gold you holds exceeds 30 lakhs, it's better to pay tax as early as possible.

Capital gain tax is payable for those who trade with gold. It doesn't matter they are trading with physical form of gold, ETF's, bullions etc. They have to pay capital gains tax as per the tax slab.

There are two classification in capital gain tax one is long term and the other one is short term capital gain depends upon the holding period.
Capital gain tax is applicable for equity shares, securities, units of mutual fund etc. One needs to pay short term capital gain tax if any of these are transferred within 12 months then.

 

Latest Updates on Vadodara Gold Rates

Gold rates in Vadodara

Gold prices in Vadodara have been on a constant decline since the middle of October as investors have heavily sold into the precious metal. Gold for 22 karats has declined over the last few weeks, since the start of the year as the dollar has rallied against a basket of currencies. Gold for 22 karats was last seen trading at Rs 26,775 in the city of Vadodara as investors bought into the precious metal on declines. If you are looking to buy into gold, you can do so on every decline in the city of Vadodara. During the festive season there is also some special schemes that jewelers in the city offer, especially on making charges. You must avail of them to the best use of the attractive gold rates.


24 December 2016
Vadodara gold rates steady on Dec 16

Gold rates in the city of Vadodara were more or less steady after seeing a decline throughout the week. There has been no follow-up buying in the precious metal, despite the sharp fall seen in the last few days. This has made gold levels at extremely mouth-watering levels for purchasing in Vadodara. Gold rate in Vadodara droppped by Rs 347 in trade, as investors sold into the metal globally. If you are looking to buy gold in the city, now would be the best time. It is a good idea to check and comoare gold prices before buying. If you are looking as an investor it is best to buy into 22 karats gold.

16 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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