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.
|Gram||22 Carat Gold
|22 Carat Gold
|Daily Price Change|
|1 gram||₹ 2,931||₹ 2,936||₹ -5|
|8 gram||₹ 23,448||₹ 23,488||₹ -40|
|10 gram||₹ 29,310||₹ 29,360||₹ -50|
|100 gram||₹ 2,93,100||₹ 2,93,600||₹ -500|
|Gram||24 Carat Gold
|24 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,197.40||₹ 3,202.90||₹ -5.50|
|8 gram||₹ 25,579.20||₹ 25,623.20||₹ -44|
|10 gram||₹ 31,974||₹ 32,029||₹ -55|
|100 gram||₹ 3,19,740||₹ 3,20,290||₹ -550|
|Date||22 Carat||24 Carat|
|Oct 17, 2017||₹ 29,310||₹ 31,974|
|Oct 16, 2017||₹ 29,360||₹ 32,029|
|Oct 14, 2017||₹ 29,400||₹ 32,072|
|Oct 13, 2017||₹ 29,370||₹ 32,040|
|Oct 12, 2017||₹ 29,360||₹ 32,029|
|Oct 11, 2017||₹ 29,230||₹ 31,887|
|Oct 10, 2017||₹ 29,210||₹ 31,865|
|Oct 9, 2017||₹ 28,800||₹ 31,418|
|Oct 8, 2017||₹ 29,010||₹ 31,647|
|Oct 7, 2017||₹ 29,435||₹ 32,110|
|Gold Rates||22 Carat||24 Carat|
|1 st September rate||Rs.29,000||Rs.31,636|
|30th September rate||Rs.29,110||Rs.31,750|
|Highest rate in September||Rs.29,780 on September 7||Rs.32,487 on September 7|
|Lowest rate in September||Rs.29,000 on September 1||Rs.31,636 on September 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st August rate||Rs.28,130||Rs.30,687|
|31st August rate||Rs.29,070||Rs.31,712|
|Highest rate in August||Rs.29,310 on August 30||Rs.31,974 on August 30|
|Lowest rate in August||Rs.27,890 on August 7||Rs.30,425 on August 7|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st July rate||Rs.28,960||Rs.31,592|
|31st July rate||Rs.28,100||Rs.30,654|
|Highest rate in July||Rs.28,965 on July 1||Rs.31,592 on July 1|
|Lowest rate in July||Rs.27,200 on July 5||Rs.29,672 on July 5|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st June rate||Rs.28,670||Rs.31,270|
|30th June rate||Rs.28,450||Rs.31,036|
|Highest rate in June||Rs.29,060 on June 6||Rs.31,701 on June 6|
|Lowest rate in June||Rs.28,300 on June 9||Rs.29,900 on June 9|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st May rate||Rs.28,771||Rs.31,386|
|31st May rate||Rs.28,450||Rs.30,995|
|Highest rate in May||Rs.28,800 on May 10||Rs.31,418 on May 10|
|Lowest rate in May||Rs.27,690 on May 9||Rs.29,616 on May 9|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st April rate||Rs.28,370||Rs.30,440|
|30th April rate||Rs.28,885||Rs.31,390|
|Highest rate in April||Rs.30,500 on April 17||Rs.33,272 on April 17|
|Lowest rate in April||Rs.27,750 on April 8||Rs.30,054 on April 8|
|Over all performance||Rising||Rising|
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
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.
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.
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.
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.
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.
For the long-term investors in Ahmedabad, gold will be the best option for them. When compared to any other investment gold is an ideal bet because local, political issues or economic conditions may affect the real state, but the gold rates in Ahmedabad will not get much affected because of such conditions.
In gold investors have two options: one is they can buy physical gold or can opt for gold ETF's. In physical gold, they can go for gold coins or gold bars and the other option in buying physical gold is going for gold jewelry but it is advised for investors to go for gold bars or coins for investment purpose.
Gold ETF's is easiest, safe and hassle free method. Everything in this method will be electronic. Just by using a smartphone one can sell or buy gold ETF's. In this method, just by keeping an eye on gold rates in Ahmedabad everyday, one can buy sell instantly just in matter of seconds.
Its highly advisable to investors in Ahmedabad to go for ETF's if they are planning to invest in gold. We have highlighted the advantages of buying this gold in a number of places. In fact, internationally as well we have noticed an increasing trend of invetsors being more skewed towards Gold ETFs. In fact, abroad we rarely see investors buying into physical gold.
There are few taxes on gold you need to pay when you buy or sell gold in Ahmedabad. Let us assume, few years ago you have purchased gold in ahamedabad and gold price in ahamedabad is Rs 15 lakhs at that time and the price has crossed value more than Rs 30 lakhs so you have to pay wealth tax on it now. It does not matter, how, why and when you bought the gold if the value of gold you are holding is more than 30 Lakhs you have to pay wealth tax for it.
There is one more tax which is called as capital gains tax that is applicable if you trade gold at a profit. These two types of taxes are applicable. Capital gains tax has to be paid as per your tax slab or 20 per cent, plus indexation depending upon the term.
Capital gains tax that is also applicable on Gold ETFs as well. The tax rate is same for physical gold or Gold ETF's. if you have Gold its better have a look at gold rate in Ahmedabad everyday because you may not know when your gold value crossed Rs 30 lakhs. If the value of gold you are having is less that Rs. 30 Lakhs then you are exempted from the said tax.
To find the best jeweler in Ahmedabad you should look for two very important qualities in a jeweler.
Is he selling BIS hallmarked gold?
There are Jewellers who sell hallmarked jewelry in Ahmedabad and there are few who don't sell hallmarked jewelry. The offers may tempt you at the moment, but by accepting such offers one will end up in loss because if you want any loan or want to sell the jewelry you will not get good returns as it is not a hallmarked one.
Does the jeweler offer any buyback terms?
See that before selecting a jeweler if he is offering any buyback terms. Few jewelers will have back terms where one can sell or exchange jewelry bought at their jewelry shop.
If you buy jewelry from such jeweler. Once in a period of time, you can exchange old jewelry with new one or even you can sell it easily to them.
It is also important to see that is the jeweler is selling the jewelry as per the present market rate. For checking present market rate one can visit goodreturns.in and check for gold rates in Ahmedabad.
One can opt for a gold loan in Ahmedabad at Banks or NBFCs (Non-Banking Finacial Company) in Ahmedabad. Famous NBFC in Ahmedabad are Blend Financial Services Limited, D Z B And Associates and etc. Actually, gold loan is an instant, safe and secured type of loan which one can opt. When it comes to opting a gold loan from banks, a few banks have separate services for gold loans such as ICICI Bank and HDFC Bank Gold Loan service, Axis Bank has My Loan care in which gold loans have a separate category and etc.
All these have separate offers and interest rates and to choose which is the best one. One need to compare these things to select which one is better. They are processing charges, loan tenure, prepayment charges and etc. Most Individuals prefer to go for NBFC's because mostly the process will be very simple and fast. All you need is to have documents in place. There are NBFCs like Muthoot Finance and Mannapuram Finance that also provide gold loan to customers.
Though the process is simple and fast, its better to check with banks as well before opting for a loan because few banks are giving better offers when compared to NBFC's. Also, check the gold price in Ahmedabad before opting for a loan.
In Ahmedabad, gold is a symbol of wealth and status and a fundamental part of many rituals for individuals in Ahmedabad. In the rural places of Ahmedabad, gold is used as practical considerations for the portability and as a security of an investment. These conditions in Ahmedabad gold appetite for gold defies market conditions and also how the gold rates in Ahmedabad is changing.
Gold is considered to be a blessing, particularly in Hindu culture and Jain culture. As per their cultures even they are having few regional festivals that are celebrated with gold particularly all over India. Festivals such as Akshaya Tritiya, Pongal, Onam, Ugadi, Durga Puja, Gudi Pavda, Baisakhi and Karva Chauth and etc. all these are celebrated by buying gold. Despite rise in gold price in Ahmedabad over the last decade. Still the demand for gold in Indian consumers is continuing to grow. Rupee gold price has grown nearly 400 per cent in the last decade.
When it comes to personal life events, gifting gold is one of the must part of marriage rituals in Ahmedabad. As per surveys weddings generate approximately 50 per cent demand of gold every year. Even the relatives and well-wishers in Ahmedabad mostly prefers gold jewelry as a gift in marriage.
In olden days wearing gold was a fashion. Knowing the trends are changed and a lot of people are preferring colored gold. So as per the trend jewelers are opting for various methods to make colored gold jewelry. There were majorly three types of colored gold which is due to alloying, intermetallic and surface treatments.
Alloyed Gold- Alloyed means Gold is mixed with other metals. It is for majorly two reasons: one is gold is soft metal to make it hard while making jewelry and another reason is for making colored gold. In this alloying process gold is mixed with metals such as silver, nickel, manganese or palladium etc. Few other metals are added to bring strength and few are added to obtain different color. But due to this alloying process jewelers can obtain six different colors of gold jewelry. They are white gold, Red or pink gold, Rose gold, Span gold, Green gold and Gray gold. The percentage of the mixture is different for different karats of gold.
In Intermetallic gold one can find two colors those are green gold and blue gold and generally Intermetallic gold is less karat gold.
In Surface treatments famous one is Black gold , black gold can be formed by creating nanostructures on the surface. This is not used in Jewellerys this is for high technology appliances.
The elemental properties of gold make gold special than any other metals. The chemical symbol for gold is Au which means aurum and the name is a Latin word for Gold. The atomic number of gold is 79. Gold in its purest form is a bright, reddish yellow, dense, soft, malleable, and tensile metal. It is clear that gold provides a globally neutral, natural element.
Gold is one of the Rarest commodity of the 92 natural elements. Of the 92 natural elements, there are 8 elements which are reactive to air and they are called immortal elements.
Gold is one of those Immortal elements. In those Immortal elements, there are four metals which are not reactive to air including gold. The other three metals are silver, platinum, and palladium and of these gold is rarest to find. Normally the immortal elements will not tarnish affect when it is exposed to air such as carbon dioxide, Oxygen or other gasses.
These characteristics of gold is increasing the value of gold because of these characteristics gold is being used in many advance electronic appliances. Even this reason shows affect on gold rates in Ahmedabad as this it is increasing the need of gold.
There are few things by which we will understand the gold standard. First, comes gold's Portability as it is extremely dense which means it is easy to carry & handle. The second thing is, gold is lasting. Gold is inert and does not corrode. So there is no way it will lose its value. So for this reason one could hand over their gold to their generations as an asset.
The third thing to consider the gold standard is its trustworthy nature. In the world, at almost no cost one can test the purity of it. Fourth is its stability. The supply of gold is stable from long ago. There is no chance of a sudden increase in the production due to which the value of gold you are having will decrease.
The fourth important thing to consider is diversion. Metals such as Silver and platinum have very high industrial use. But whereas gold is not used when compared to it. About 100 tonnes annually is used in industries for the manufacturing of semiconductors.
There are many more things which shows the standard of gold. Because of standards of gold many investors in Ahmedabad look towards gold rates in Ahmedabad as it is the safest and standard asset to invest in. So, todays gold prices in Ahmedabad reflects this standard.
The first thing one must understand before knowing why 22 karats gold is preferred over 24 karats gold is that karat indicates or describes the purity of gold, where 24 karats mean purest form of gold and the purity decreases with the decrease in karats.
Pure gold is very soft and has a very low yielding point due to which there are few flaws in the process of making of 24 karats gold jewelry, such as the possibility of making design will be very less for the jeweler. Even there are high possibilities of scratches and damage of the ornament.
However these days a new technology has been improved which is called microalloying. This microalloying is for hardening 24 karats gold, due to doing this process, one can expect 99.5 per cent finest gold jewelry without any chances of scratches or damages.
The gold ornaments manufactured by using this micro alloying method is a very expensive method and have very fewer designs. Most Individuals prefer to go for 22 karats because comparatively 22 karats is cheaper and can find different designs in jewelry as well.
There will be almost Rs 3,000 difference between 22 karats gold rates in Ahmedabad and 24 karats gold rates in Ahmedabad. So it will be better to check gold rates in Ahmedabad before buying gold jewelry and a reputed jeweler will be preferable for buying.
There are various ways to buy gold in Ahmedabad. Few Investors buy gold as an investment. To buy gold there are two major options one is by buying gold in physical form and the other by buying gold in electronic form.
When it comes to buying gold in physical form there are mainly two options: one is by buying jewelry and other is by buying gold in bars or coins. For investment purpose buying gold bars or coins is preferable than jewelry. If one is going to buy gold bars or coins one can buy gold in the purest form and even can buy it from banks as well. There are many banks who sell gold bars and coins against money.
When it comes to buying gold in electronic form, then the options will be such as gold ETF's (Exchange traded funds), one can invest in companies which do gold mining as well. One who is interested in investing in gold in the electronic form needs to have a Demat account. Investing in gold in electronic form is like trading in shares. All one who is interested in investing in shares needs to do is follow gold rates in Ahmedabad every day. Buy stocks when the prices of gold in Ahmedabad is less and sell when the gold price in Ahmedabad is high.
Individuals in Ahmedabad are crazy about gold jewellery. According to a research report, over 16,000 tons of gold is there in Indian households in the form of jewellery. There are few factors one should consider and be aware of before investing in gold in Ahmedabad.
An investor should be aware of the different forms of buying gold. In the form of Jewellery is the most dominant and traditional form to buy gold. Buying gold in Ahmedabad is not a good investment idea at all. Investing in gold jewellery is a bad idea because there will be heavy losses in the form of wastage and making charges. This will be varying from a minimum of 10 per cent to 35 per cent depending upon complexity in designs. For bank coins also we have to pay some charges. As the banks will not buy back gold from us billions and ETF's are best options to invest in gold.
Gold does not carry any risk, even too we cannot make any regular income with gold. Compared to any other assets gold stands first in terms of liquidity. Any time or any place gold can be literally converted to cash. Even one can opt for a gold loan from Bank or a pawn shop.
Whenever you go to buy gold jewellery there will be some sales managers or sales persons who will tempt you to buy more gold by using thier sales pitch so it is very important that you must not get tempted and buy what you planned to buy. So here are few tips which can save you from that sales pitch.
First you should be asking yourself? can you afford the gold you are buying or going out of your budget plan.
Never visit a dealer who has a bad reputation in the market. Always check twice before visiting, which you can check on google as well.
If you are buying gold as an investment, buy gold bars or coins not jewelry because if you are going for jewellery you will be wasting money on wastage charges and making charges.
Check Gold rates in Ahmedabad, so that you can confirm that are you paying the correct price for the gold you are buying.
Don't forget to check for the authenticity of gold, such as BIS hallmark, karats and other symbols which represents how genuine the gold you are buying.
Do not miss to take bill. In future if you have any plan to sell the jewellery you are buying that bill will acting as the proof for its genunity.
Most of the investors in Ahmadabad are confused where to invest their money, either in gold, real estate or stocks. To decide this, one need to understand how much return they want, how much time they have.
One can do trading in stocks in two ways, one can be day traders or term traders. Day traders can buy the stocks and sell the stocks on the same day. Term traders will have an option to hold the stocks for as many days they want. By this, they can earn dividends also. As these are in electronic form Individuals in Ahmadabad can sell and buy these from any place at any time.
In real Estate, If one is doing real estate for investment purpose then it is not preferable. Real Estate lacks flexibility and security which one is present in stocks or other assets such as gold.
When it comes to gold, if you are planning for long term investment gold will be the best place to invest in. As of now, one can trade in gold in electronic form as well. It is easier to go for the electronic form of gold like ETF's than investing in the physical form of Gold.
It is advisable to make a portfolio with a couple of long terms stocks and 20 to 30 percent of gold in it.
Gold always has a resale value. But individuals in Ahmedabad don't see Gold as a value for money. They have more emotional connection with this precious metal. In Ahmedabad, Gold is very much a preferred metal. While buying gold individuals in Ahmedabad mostly will not have a thought of resale value in mind. They don’t treat gold the same way as any other assets that they trade on.
Most of the investors invest in real estate to make money than gold. Despite the fact that gold will have good resale value than any other asset. There are many reasons for gold to have a good resale value in Ahmedabad. Few of them are:
The first and the important one is that gold will always have buyers. As discussed before if any festive season comes, weddings or other occasions come up most individuals in Ahmadebad buy gold. Even Gold jewelry is the most preferred gift in weddings to the bride and bridegroom in Ahmedabad.
There are few scientific reasons are there because of which gold will have a good resale value such as gold will not corrode and also gold its other unique nature such as neutrality, Not only these there are number of reasons due to which gold will never lose its resale value in Ahmedabad.
No, there are few metals which don't corrode or degrade. These metals including gold are called as noble metals. There are eight metals which are called as noble metals. They are Ruthenium (Ru), Rhodium (Rh), Palladium (Pd), Silver (Ag), Osmium (Os), Iridium (Ir), Platinum (Pt), and Gold (Au).
These metals are highly used in ornamentation such as making jewellery, sacred objects etc., making high technology equipment, metallurgy etc. These metals are rare and also their uniqueness makes these all noble metals.
These metals don't corrode because they have very less reactive nature
than other metals.
These precious metals are ductile and have a high luster. Many years ago these metals were used as currency, now these are
mainly used for investment purpose and as an industrial commodity.
As the investment option, out of all these metals, gold is the most preferred commodity world wide. Gold as an investment help the investors in Ahmedabad by acting as a hedge during hard times.
In Ahmedabad, individual investors have an emotional attachment to gold. They belive gold brings luck and prosperity. So out of all the other
eight metals, they prefer to invest in Gold.
Firstly gold coin can be described as a round medallion which we can use it for saving, Investment or gifting purpose. One can use it for either of the three purposes. Not only round shape but one can buy gold coins as per their need it can be rectangular, oval or in another shape.
When it comes to saving purpose few Individuals after experiencing a move like demonetization prefer to go for gold coins than keeping the cash. There is no way gold getting banned like 500 and 1000 notes got banned.
Even few investors prefer to buy gold coins as an investment and gold coins is also one of the most preferred gifts in weddings and other celebrations in Ahmedabad.
There are few things one need to check while buying a coin. They are
1. Purity- Mos t Individuals buy it for investment so it is better to check the purity twice. Most individuals buy 22 karats or 24 karat gold coins.
2. Weight- Weight is the one of the most important parameter to check before buying a coin it is available in many any different weights depending upon the buyer. Popularly coins are bought at 1gm, 2gm, 4gm and 8gm gold coins.
3. Gold rates in ahmedabad on that day when they are buying gold coins to make sure are they paying correct price for it.
Are you an investor who is searching for best gold ETF to invest, here are few options for you,
SBI Gold ETF
This scheme is provided by SBI (State bank of India) mutual fund company which was established in 1987 and launched in 1991. They offer a lot of schemes such as Debt Schemes, Equity Schemes, Hybrid Schemes, Liquid Schemes and Fixed Maturity Plans. SBI mutual fund also offers portfolio management and recommendation services to asset management companies and financial institutions.
Birla Sun Life Gold ETF
This ETF is from Birla Sun Life Asset Management Company Ltd. Established in 1994, This is a joint venture of Aditya Birla Group and the Sun Life Financial Corporation of Canada. They provide equity schemes, fund schemes, monthly income funds, debt and treasury products and offshore funds.
Quantum Gold Fund
Quantum gold Fund is part of Quantum Mutual Fund. This was incorporated in 2005. They also offer a set of other mutual funds such as Dynamic Bond Fund, Index Fund, Liquid Fund, Long-Term Equity fund, Multi Asset Fund, Tax Saving Fund etc.
Religare Invesco Gold ETF
This Gold ETF belong to Invesco mutual fund house. which was incorparated in may 2005. Excluding mutual funds, they also provide corporate bonds, equity funds, debit short-term funds, debit long-term funds, ELSS, index funds, ultra-short term debt funds etc.
Goldman Sachs Gold ETF
Goldman Sachs gold ETF belongs to The Goldman Sachs Group which is an American multinational finance company. It engages not only in ETF's, but also in investment banking, investment management, securities, and other financial services. The Goldman Sachs Group is one of the oldest company. It was founded 148 years ago in 1869.
There are much more Gold ETF's which are performing well. As we know, the market always will not be same. So it is better to check the company from where you are buying Gold ETF and also the gold rates in Ahmedabad every day.
Advantages of Gold as an Investment in Ahmedabad.
The first and most important advantage of gold is Liquidity. Gold can be converted into cash anywhere or any place in the world. This quality of gold is unparalleled with any commodity or asset.
Gold Hold its value. It maintains its value overtime. Though the price may decrease but there is a point from where the gold value will not go down. There is no investors who lost all his investment after investing in gold.
Gold is the best hedge against Inflation. During the time of Inflation gold rates in Ahmedabad rises. Deterioration in the dollar will logically lead to a better price of gold. As the gold price in Ahmedabad are inversely proportional to US Dollar rate. During inflationary instances, gold is far more better than cash for an investor.
Diversification, fror the one who trades in share market, gold is good option as a diversification to their portfolio. Investors mostly add securties to their portfolio but gold is also a good option. Gold always moves inversely to the stock market which represents how diversified gold is.
Gold is a universally desired investment. Gold remains a typical commodity. From all around the world many nations promote their foreign money futures, other securities and etc. as competition to gold, but investors in Ahmedabad prefer to go for gold because they know their will chances of political chaos. Now-a-days gold is also being used in a lot of products. This precious commodity is being used in the making of various electronic appliances because of its nature. This immortal metal dosen't corrode and also having relatively high conductivity of electricity. Due to which there is some dependable demand to gold additionaly which helps to stabilize the gold rates in Ahmedabad.
Gold price is higher in Ahmedabad due to events happening in the global market, where the dollar became weak for the day. If the US dollar weakens then automatically yellow metal prices will be higher. Since the last one year, gold price in Ahmedabad is fluctuating. If we see the history of gold price in Ahmedabad it was in Jan trading at Rs. 28,930 and at the moment on Oct 11, it is trading at Rs.29,210. There is a variation of almosr Rs 1,000 in gold price from Jan to Oct. People who invested in gold in Jan have made good profits. There are two factors for the increase in gold price in Ahmedabad. Investors are mainly selling equities and buying gold and the fall in the US dollar. Spot gold price in Ahmedabad local jewelry shop was up 0.2 percent at Rs.29,210.11 October 2017
Gold prices inched up after hitting a 7-week low in the previous session in the global markets. The precious metal moved up, and the US dollar pulled back from a high against a basket of currencies, which largely helped gold prices show some signs of recovery. The Indian gold market trading on the Multi Commodity Exchange saw very subdued trend with gold prices openig higher by Rs 61 in comparison to the previous days session. This impacted gold prices in Ahmadabad as well. From the last couple of weeks, gold prices in Ahmedabad are trading in a narrrow band from Rs 29,000 seen on Sept 1, to Rs 29,010 up to Oct 3rd. Due to volatile situation in the international market, gold prices edged, and the dollar dropped. Spot gold in Ahmedabad in October has risen 0.3 percent to dollar 1,275 an ounce, and US gold futures for December delivery was also up 0.3 percent at dollar 1,278 per ounce.4 October 2017
Gold in Ahmedabad is set to rise as gold in the global markets touched a ten month high. Gold was already up after the Dollar fell against a basket of currencies on Monday due to the speech by the Federal Reserve Chair Janet Yellen and ECB chief Mario Draghi. North Korea fired a ballistic missile that passed over Japan and this led to investors taking shelter in gold. After this happened, gold in the International Market climbed and reached a nine month high. This was higher in the international market and may also affect the gold price in Ahmedabad which is already at Rs 28,670. In fact, it may may now reach near to Rs 29,000 today. Gold is completely on an upward trend from the beginning of the month. Gold prices are gaining due to one other reason such as North Korea and the US tensions and also the euro increasing and reaching a two and a half year high against the Dollar.29 August 2017
Gold prices in the city of Ahmedabad were trading marginally higher as investors continued to look at ways to sell gold in the city at higher prices. Gold for 22 karats was last seen trading at Rs 28,570 per 10 grams, as against an earlier rate of Rs 28,850 per 10 grams. There are worries that gold prices maybe heading higher due to several changes that are taking place in the global markets. Tensions on the North Korea front is only aggravating gold prices. Recently, prices have got some support from a firm Indian rupee, but, that is also fast changing. If the present trend continues we may see gold prices in Ahmedabad bouncing all over again. At the moment it may not be a bad idea to to buy into godl in Ahmedabad on declines. How far rates in Ahmedabad would go lower is always difficult to say. Jewellers in the city believe that another Rs 28000 decline would give an opportunity to buy.21 August 2017
Gold rates in Ahmedabad increased as the US Dollar remained subdued. The Dollar took some pressure after the Fed Minutes from the U.S. Federal Reserve's July meeting stated that the chances are less for the further increase in the interest rate. After a big fall in the Indian Markets, past week know it is recovering slowly and Nifty has opened today above 9900 points. This movement in the markets may push investors in Ahmedabad towards stocks which may decrease the demand for gold. Also, the higher prices would leave little for investors to porfit from the metal. In the Global Markets gold was down by 0.3 per cent and was trading at $1,287 per ounce. The chances are high that the price of gold similarly go up in Ahmedabad and may seem less attractive for investors.
As of now, gold rates in Ahmedabad is trading around Rs 28,500 and seems that the rally may continue and the gold rates in Ahmedabad may touch a little below the Rs 29,000 mark for 22 karats. For 24 karats gold price is around Rs 31,000 and it seems that it will cross Rs 31,300.17 August 2017
Gold rates in Ahmedabad to trade at higher levels as the gold in the global markets is trading at high levels now. Due to the fall in the Asian Markets and the dollar gold moved up in the International Markets. For the month of July, reports came up where exports rose up by 7.2 per cent in dollar terms and the imports were up 11.0 per cent in dollar terms. This uneven data had some impact on the Chinese stock market. The Dollar fell as the investors are holding waiting for the U.S. inflation numbers to come. Investors are expecting some hints from those numbers. This has pushed the gold up in the Global Markets.
22 karats gold rates in Ahmedabad per ten grams is now on the Rs 28,000 mark, and it seems the rates today will rally upwards and will cross this mark. For 24 karats the price is a little lower than Rs 30,500 mark and it seems that today the price may cross this mark.8 August 2017
Gold in Ahmedabad was trading steady due to the firm Dollar. The dollar firmed late in trade as investors were expecting more corporate earningsin the US . The firm Dollar not only affected Gold but also Asian markets took some heat as well. Japan's Nikkei 225 slipped by 0.5 per cent and South Korea's benchmark Kospi index dipped by 1.46 per cent. Gold as an investment was hence finding very little support today, as compared to the entire week, where we have seen some good buying in the metal.
This time may not be a good time for the investors in Ahmedabad to stick on to the stocks but the gold rates in Ahmedabad is also trading at high levels. 22 karats has moved above Rs 28,000 and 24 karats above Rs 30,500. As the gold in the International markets went up, it's expected that the gold price in Ahmedabad may also go up.28 July 2017
Gold price in Ahmadabad seems to trade at lower levels as the gold price in the Global markets falls. Spot gold slipped by 0.2 per cent and was trading around $1,252 per ounce. The US Dollar was on a downward trend due to various uncertainties, and it rose today Ahead of the Fed meeting. 22 karats Gold rates in Ahmedabad were trading at Rs 28,100 per 10 grams and the 24 karats gold rates were trading at Rs 30,500. It seems the fall in the gold rates in the International Markets may pull the 22 karats gold rates in the Ahmedabad to trade below Rs 28,000 mark and the 24 karats gold rates to trade below Rs 30,500 mark.
Investors who are planning to buy the precious metal on declines need to hold as this is not a good price to buy. Better they can go for the stocks and continue their bets on stocks as the market is on a full swing especially the NIFTY banking stocks.25 July 2017
Gold rates in Ahmedabad seem to trade a little lower as the gold in the International markets is down by 0.04 per cent and was trading around $1,243 per ounce. U.S. gold futures for August delivery declined by 0.15 percent and is trading around $1,243 per ounce. Though, the Dollar had some pressure due to the comments from the European Central Bank chief Mario Draghi. Gold price remained steady. After the ECB chief Mario Draghi commented on the bond-buying program in the autumn which gave some push to euro and the euro surged against the Dollar.
Central Bank of Japan kept the monetary policy steady, and the European Central Bank holds interest rate steady in the yesterday meet. The policy and the comments have affected the gold price in the global Markets and as well as the gold price in Ahmedabad. The prices are stable where 22 karats gold price is trading at Rs 27,700 and the 24 karats gold price is trading at Rs 30,200.21 July 2017
Gold prices in Ahmedabad came under pressure due to several global factors. Gold in Ahmedabad is trading at low levels from past few days due to the influence of strong Dollar and solid Asian stocks. In the international markets, the unexpected rise in U.S. jobs data made the market wait for hints from the central bank about the Fed Interest rate hikes due to this gold prices dropped by 0.2 perc ent and is trading around $1,211 per ounce.
This movement in the gold price in the International markets may bring some change in the gold prices in Ahmedabad as well. 10 grams 22 karats gold price in Ahmedabad is trading above Rs 27,500 mark yesterday, and there are chances that today the prices may go that mark below. This drop in the gold prices in Ahmedabad is an opportunity for the traders who want to trade in gold to do some buyings and hold on to it.11 July 2017
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.