gold

Today Gold Rate in Vadodara is Rs. 47,480.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 47,480.00

( 24 Karat, 10 grams )

24 Karat, 10 grams

Gold Price for Today Rs. 47,480.00

Gold Price for Yesterday Rs. 47,530.00


22 Karat, 10 grams

Gold Price for Today Rs. 44,943.00

Gold Price for Yesterday Rs. 44,991.00

Updated: 08-05-2020 13:41:54 PM

Affinity towards Gold has been there since times immemorial and Indians have a strong penchant for it. Apart from being an expensive ornament, considered imperative for weddings, married women and several auspicious occasions like Diwali,etc., it is one of the most sought investments. Be it individual investors who try to accumulate gold to safeguard themselves against times of crisis or the government that may pledge its gold reserves for foreign exchange in times of extreme financial crisis.

Vadodara is one of the eminent cities in Gujarat as well as a centre of business where gold purchasing is done both in its physical form as well as in its paper form such as  Gold ETFs, Gold MF, etc. It is important to know about the Gold Rate in Vadodara before making any investment.

Trend of Gold Rate in Vadodara for last 10 days



Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm

31st August 2021 Rs. 47,480.00 Rs. 44,943.00

30th August 2021 Rs. 47,530.00 Rs. 44,991.00

29th August 2021 Rs. 47,530.00 Rs. 44,991.00

28th August 2021 Rs. 47,590.00 Rs. 45,066.00

27th August 2021 Rs. 47,440.00 Rs. 44,925.00

26th August 2021 Rs. 47,500.00 Rs. 44,979.00

25th August 2021 Rs. 47,730.00 Rs. 45,203.00

24th August 2021 Rs. 47,310.00 Rs. 44,807.00

23rd August 2021 Rs. 47,340.00 Rs. 44,839.00

22nd August 2021 Rs. 47,340.00 Rs. 44,839.00

Also Check For:

Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai

Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur

Last 4 Months trend of Gold Rate in Vadodara

Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,760.00
Rate on 31-July-202148,510.00
Highest Rate48,510.00
Lowest Rate47,680.00
Month PerformanceDecline
% Change-1.57 %
Gold Price Trend in July 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-July-202147,760.00
Rate on 31-July-202148,510.00
Highest Rate48,510.00
Lowest Rate47,680.00
Month PerformanceDecline
% Change-1.57 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,175.00
Rate on 31-May-202147,175.00
Highest Rate47,175.00
Lowest Rate47,175.00
Month PerformanceRising
% Change0.00 %
Gold Price Trend in May 2021
Trend24 Karat Gold (Rs/10gm)
Rate on 01-May-202147,175.00
Rate on 31-May-202147,175.00
Highest Rate47,175.00
Lowest Rate47,175.00
Month PerformanceRising
% Change0.00 %

Factors that Affect Gold Rates

Gold rate in Vadodara fluctuates from time to time and some of the reasons behind it are given below:

  • Demand & Supply: Demand of Gold in the market against its supply is the major cause of fluctuations. Both international & Indian markets have an impact as well as local demand affects the gold rate in Vadodara. For example, during the wedding season the gold prices usually see a shift upwards in its rates. The consumption rate greatly decides the price rate of gold
  • Inflation: Inflation is one of the major causes which affects gold prices. When inflation is high, money value goes down. So the people tend to hold money in the form of gold and high demand pushes up the prices. So if inflation has a major impact on this city, the gold rate in Vadodara will be impacted too
  • Interest Rates: Interest Rates share an inverse relationship with Gold. When rates of interest are high, people tend  to move towards fixed deposits. This leads to a fall in the demand for gold. Similarly, incase the banks in Vadodara are offering lower returns the demand for gold investment and thereby the gold rate in Vadodara may hike up
  • Currency Fluctuations: The value of Indian currency against the US Dollar also determines the gold rates in the country. In the international market, gold is traded in US Dollar and so if Indian Rupee value depreciates then gold imports and thereby the gold market in the country gets costlier. India being the largest importer of gold, gets affected by any change in rupee dollar equation. It also shares a negative relation with the dollar which dominates the gold market and hence any weakening of the US Dollar causes a hike of gold price
  • Geopolitical Factors: Several geopolitical factors such as wars or a pandemic like COVID-19 have an effect on the gold prices. During any crisis, usually when all other assets are falling (like markets may be down, stocks underperforming, real estate suffering, funds not giving returns, etc.) then gold prices rise. It is so because people consider gold as a safe haven for parking their money and invest in gold even when the economy suffers. If Vadodara experiences any such turbulence due to any of the these causes, the gold rate in Vadodara are bound to see a fluctuation

Gold Investment in Vadodara

You can purchase the yellow metal in various ways and forms now as mentioned below:

  • Physical Gold: The oldest form where you purchase certain grams of gold as coins or bars or jewelleries. It is considered to be one traditional form of investment as people used to save up money, purchase gold to keep it as a backup for financial emergencies by selling it off. Investors invest in physical gold with an opinion to sell it at higher price (as gold price soars up over the years) especially when there’s some sort of economic exigency. Gold prices have only soared up with increasing demand so as to sell it at higher prices especially in times of great crisis
  • Digital Gold: Gold that can be purchased online through service providing/gold selling apps and websites where you invest a certain amount of money and equivalent quantity of gold is registered in your name which you can demand anytime and it will be delivered to you as explained earlier. Vendors/issuers will offer the product and the distributors will distribute to the investors. You need to register yourself with the online distribution platform with all KYC details. You can log in to these accounts, check prices and buy gold. It will be placed in your vault post purchasing. Similarly, you can check the price, sell off and the gold will be removed from the vault. Alternatively you can demand delivery and will be sent to your address provided you pay the cost of dispatch. You can exchange it for jewellery at an approved jewellery store
  • Gold Exchange Traded Funds/Gold funds: ETFs are pooled investments that track an underlying index and are traded on stock exchange unlike regular MFs. ETFs that trade in gold are Gold ETFs. They are considered to be economical investments in comparison to physical gold. It does not incur making charges neither it charges Entry Load, Exit Load, etc., however, you need a demat account to trade in these. ETFs invest 90-100% in physical gold sourced from RBI approved banks.

What is Digital gold?

Digital gold is sold by MMTC-PAMP India Private Ltd. and Safegold which is further distributed through the digital platforms of banks, broking and fintech companies and others appointed by the vendors. For instance, SafeGold is distributed through ICICI Bank and others. Similarly, MMTC-PAMP offers through Paytm, Stock Holding Corp. of India Ltd. and so. The gold you buy will be secured against physical gold of 24K and 0.999 fineness which you can redeem anytime or when the gold price in Vadodara appreciates.

What is better - Physical Gold or Digital Gold?

It is better to go for the Digital Gold than Physical Gold because of the following reasons:

  • Flexibility of Investment Amount: Let’s consider if the price of 1 gram of 24 karat gold is Rs. 4,835 (assumed as per the trending gold rate in Vadodara) then it is almost impossible for you to buy physical gold for ₹10 but you can do this when you buy digital gold. You can keep investing smaller amounts and accumulating more amount of digital gold
  • Transparent Transactions with Real Time Pricing: With digital gold, you can avoid the confusion of changing rates as websites/apps offering digital gold are linked to real time market prices. This excludes GST but is inclusive of duty charges. Also these service providers are closely regulated and are registered ones so your transactions are safe and transparent. You can also compare the gold rate in Vadodara offered by these sites and those by the local store owners
  • Quality Assurance of Gold: Unlike many gold dealers, who may cheat over purity of gold as whether it is 24K or 22K or charge you more in the name of making charges, the digital gold assures the purity and quality of the gold you purchase
  • Safe Storage: Digital gold has a safe storage. It is held in safe vaults (for 5 years in MMTC and 2 years in Safe Gold). Unlike physical gold where it is held by the issuer till you get delivered or sell it off. Digital gold is held under your name and its in digital form on paper till you exchange it or receive it
  • Receive Digital Gold in form of Coins/Bars: Once you plan to get the gold/cash equivalent of your accumulated digital gold, it is delivered to you at your doorstep. It is in the form of bars or coins in a high tamper proof packing

How Gold is Taxed in Vadodara

One needs to pay 3% GST on gold including the making charges. If you sell physical gold, it will be taxed depending on the duration you have held it since your purchase. If you sell gold within 3 years of your purchase, it is regarded as Short Term Capital Gains (STCG) and taxed alike.If you hold it for more than 3 years/36 months then you will pay tax on Long Term Capital Gains (LTCG) which is 20% with indexation benefits.

How to Take Loan Against Gold in Vadodara

One can take loans from banks by offering gold coins/bars/jewels in exchange. This is known as loan against gold or gold loan. Anyone who has the gold can for Gold Loan unlike other loans where certain criteria fulfillment is required. The loan offered is a certain percentage of the value of the gold as per the current rates based on its weight and purity. You can repay the loan through installments and reclaim your gold.

Frequently Asked Questions (FAQs)

What is the interest rate on gold loans?

Gold Loan is a secured loan (as you offer the security of gold) and therefore the interest is generally lower than unsecured loans such as personal loans or home loans.

What are the best Gold Funds in India?

There are several Gold Funds and Gold ETFs in India.Some of the best performing ones are ABSL Gold Fund, Axis Gold Fund, Canara Robeco Gold Fund, HDFC Gold Fund and so on. On the other hand, some of the best ETFs are IDBI ETF, Invesco India ETF, UTI ETF, Kotak Gold ETF, etc.

How Gold Rate is Decided in Vadodara?

Bullion dealers in Vadodara take the price of international gold price set by London and add applicable taxes before selling it to the retailers.

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