Gujarat, India’s westernmost state, has always been known for its successful trade in precious metals and stones. Surat is an internationally recognized diamond hub. Ahmedabad is the largest city while Gandhinagar is the state’s capital. There multiple reasons why people buy gold. Here’s a list that names a few:
Also, Gold rates in Gujarat are significantly higher during special occasions such as Diwali, Dussehra, Dhanteras, Akshaya Tritiya, etc.
Gold is a precious metal with high resale value. It is very important for an individual to check the prevailing rate so as to ascertain that a fair price is charged while purchasing Gold articles. In addition, you can also compare the prices from different banks, jewellers or retailers.
Factors affecting the price of Gold in Gujarat are not limited to the state. Since Gold is valued all over the world, change in its price on an international basis affects the Gold rate in India as well. From interest rates to the movement of USD to interest rates, Gold rate is heavily influenced by international markets. This is a major factor which impacts the rate of Gold in Gujarat. Additional factors which influence the rate of Gold in Gujarat include central bank actions, government policies, demand & supply, investment trends, currency changes, international relations, import & customs duty, macroeconomic and political issues.
There are multiple ways to invest in gold in Gujarat. To begin with, Gold is available in two forms - 22 or 24 Karat. The purity of Gold can be easily determined on the basis of these two parameters. 22 Karat implies that the purity is 92%, while 24 Karat Gold comes with 99.9% purity. A few ways to buy Gold in Gujarat are:
There are four important things which you need to consider before buying Gold in Gujarat.
Purity Certification: The purity of Gold is marked by BIS. The components of this mark include jewellery includes BIS logo, Purity/fineness Mark, Assaying and Hallmarking Centre’s Mark, Year of Marking and Jewellers Identification Mark. Every Gold article is certified by BIS, and hence, one must ensure that the certificate is authentic before making a purchase.
Making Charges: Making charges refer to the cost of molding a Gold article as per the desired design. It can range from 8% to 25%. Additionally, making charges are also dependent on factors such as the design of the gold jewellery, gold jewellery brand or jeweller from which you are purchasing gold, etc.
Weight: The price of Gold is directly proportional to its weight. Hence, the denomination and price is based in grams and kilograms. If a Gold article has precious gems and stones, the weight as well as price of Gold will increase.
Invoice: Always purchase Gold with a physical invoice. It will serve as evidence of purchase and help at the time of exchanging your gold jewellery.
Source: Goodreturns’s official website
Trend of Gold Rate in Gujarat for August 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st August rate | Rs.34,100 | Rs.34,790 |
| 31st August rate | Rs.37,990 | Rs.38,760 |
| Highest Price | Rs.38,220 on August 29 | Rs.39,020 on August 29 |
| Lowest Price | Rs.34,100 on August 1 | Rs.34,790 on August 1 |
| Trend | Rising | Rising |
| Percentage Change | +11.41% | +11.41% |
Source: Good Returns
Trend of Gold Rate in Gujarat for July 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st July rate | Rs.33,130 | Rs.33,790 |
| 31st July rate | Rs.34,100 | Rs.34,790 |
| Highest rate in July | Rs.34,450 on July 13 | Rs.35,170 on July 13 |
| Lowest rate in July | Rs.32,950 on July 2 | Rs.33,610 on July 2 |
| Trend | Rising | Rising |
| % change | +2.93% | +2.96% |
Source: Good Returns
Trend of Gold Rate in Gujarat for June 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st May rate | Rs.31,560 | Rs.32,480 |
| 30th June rate | Rs.33,320 | Rs.33,980 |
| Highest rate in June | Rs.33,520 on June 25 | Rs.34,190 on June 25 |
| Lowest rate in June | Rs.31,560 on June 1 | Rs.32,480 on June 1 |
| Trend | Rising | Rising |
| % change | +5.58% | +4.62% |
Source: Good Returns
Trend of Gold Rate in Gujarat for May 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st May rate | Rs.31,160 | Rs.32,290 |
| 31st May rate | Rs.31,460 | Rs.32,460 |
| Highest rate in May | Rs.31,800 on May 14 | Rs.32,800 on May 14 |
| Lowest rate in May | Rs.30,950 on May 4 | Rs.32,010 on April 4 |
| Trend | Rising | Rising |
| % change | +0.67% | +0.93% |
Source: Good Returns
Trend of Gold Rate in Gujarat for April 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st April rate | Rs.31,150 | Rs.32,190 |
| 30th April rate | Rs.31,360 | Rs.32,490 |
| Highest rate in April | Rs.31,410 on April 9 | Rs.32,540 on April 9 |
| Lowest rate in April | Rs.30,820 on April 4 | Rs.32,010 on April 4 |
| Trend | Rising | Rising |
| % change | +0.67% | +0.93% |
Source: Good Returns
Trend of Gold Rate in Gujarat for March 2019 (rates per kg)
| Gold Rates | 22 Carat | 24 Carat |
|---|---|---|
| 1st March rate | Rs.32,400 | Rs.33,060 |
| 31st March rate | Rs.30,970 | Rs.32,350 |
| Highest rate in March | Rs.32,400 on March 2 | Rs.33,200 on March 2 |
| Lowest rate in March | Rs.30,970 on March 30 | Rs.32,350 on March 30 |
| Trend | Falling | Falling |
| % change | -4.41% | -1.16% |
The following tariffs are applicable on the rate of Gold under Goods and Services Tax.
The Bureau of Indian Standards (BIS) is the primary hallmarking agency. It is the National Standards body of India that authenticates the purity of Gold in India. Hallmarking is the process which records and determines the metal content in Gold/Silver articles. Hallmarked Gold will contain the following information:
Some of the different ways by which individuals can purchase gold include:
Gold is one of the best investment option. It is traded on a national as well as international level. It can be easily molded into a desired design for Jewellery. Bullion too can be broken down into lesser denominations. Investing in Gold is lucrative due to its high resale value and increasing price trend.
What is the rate of Gold per gram in Gujarat?
The rate of Gold per gram in Gujarat is Rs. 3,768 as on 9th September 2019.
What is the rate of Gold for 10 grams in Gujarat?
What is the rate of Gold for 100 grams in Gujarat?
The rate of Gold per 100 grams in Gujarat is Rs. 3,76,800 as on 9th September 2019.
What is the rate of Gold for 1 kg in Gujarat?
The rate of 1 kg Gold in Gujarat is Rs. 37,68,000 as on 9th September 2019.
