Day | 22 Carat | 24 Carat | Change |
---|---|---|---|
Today | ₹66,800 | ₹71,580 | 0.0% |
Yesterday | ₹66,800 | ₹71,580 | +0.21% |
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Today 22 Carat Gold Rate in Ahmedabad
Day | 1 gram | 8 gram | 10 gram | 100 gram | Change |
---|---|---|---|---|---|
Today Price | ₹6,680 | ₹53,440 | ₹66,800 | ₹6,68,000 | 0.0% |
Yesterday Price | ₹6,680 | ₹53,440 | ₹66,800 | ₹6,68,000 | +0.23% |
Today 24 Carat Gold Rate in Ahmedabad
Day | 1 gram | 8 gram | 10 gram | 100 gram | Change |
---|---|---|---|---|---|
Today Price | ₹7,158 | ₹57,264 | ₹71,580 | ₹7,15,800 | 0.0% |
Yesterday Price | ₹7,158 | ₹57,264 | ₹71,580 | ₹7,15,800 | +0.21% |
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Places To Buy Gold In Ahmedabad
You can go through different options before you buy gold in Ahmedabad. In any of the following cases, do look at gold rates in Ahmedabad before buying gold -
NBFCs: One of the best sources of buying gold in Ahmedabad is buying through NBFCs. There are a number of NBFCs available in Ahmedabad, For Example: IIFL Gold Loan, Muthoot Finance Gold Loans, etc.
AB Jewels: Another outstanding place to buy gold in the city is AB Jewels famous for its unique creations.
Tanishq Jewellery: Tanishq Jewellery is one of the leading jewellery shops in Ahmedabad and India, making it one of the best places to buy gold in the city.
Kalyan Jewellers: One of the well-known jewellery retailers in India and Ahmedabad is Kalyan Jewellers. It strives to be the most reliable jewellery brand in India and is supported by Tata Company and TIDCO.
Gold ETFs: Gold ETFs are recognised to be less expensive than real gold investments and give investors the freedom to buy as little as one unit of gold.
Historical Gold Rates in Ahmedabad
Months | Lowest Price (24 Carat) Gold rate/ 10gram | Highest Price (24 Carat) Gold rate/ 10gram |
---|---|---|
Feb,2024 | ₹56,160 | ₹63,870 |
Gold As An Investment
The longevity of gold's value demonstrates its reliability and allure across time. Investors see it as one of the safest investments since it swiftly regains its value in difficult economic times.Its value regularly shifts in opposition to changes in the stock market or the state of the economy. Continue reading to know more about gold as an investment-
Multiple Options to Choose From: Your investment in gold does not have to be physical. You could choose to invest in gold online also. There are other asset types available for investing in gold in addition to physical and virtual investments.
Helps Diversify Your Portfolio: Your investment risk is decreased with a diverse portfolio. Include goods that are not highly associated with one another in your portfolio while creating your savings strategy. Investing in gold lowers your portfolio's overall risk and volatility.
A Good Way To Save Money For The Future: When you have a regular income, saving money for your future becomes essential. In this regard, the simplest thing you can do is to invest in physical gold.
Easy To Buy And Sell In The Market: Remember that gold is always in demand and you need not to worry about liquidating your assets in gold. When you sell them on the market through the neighbourhood jewellers or dealers, you will receive quick cash.If you do not want to sell them, you can even pledge them and take a loan from various financial institutions.
Does Not Deteriorate With Time: Unlike other investments like properties, this will not deteriorate in future. It will not lose its price due to its age and even old ornaments made of gold will get the same price in the market as that of new ornaments made of gold.
Things To Remember While Buying Gold In Ahmedabad
There are several factors you should look at before purchasing gold in Ahmedabad:
Purity: The purity or karats of the precious metal is one of them. The purity of the metal increases with higher karat numbers. For instance, purchasing 22 carat gold will have a purity of little over 91.6%. You therefore have somewhat less than 10% in metals. On the other hand, 24 karat gold is the purest karat of gold at 99.9% purity.
Hallmark: Choose BIS Hallmarked GOLD jewellery wherever possible. Nowadays, every local jeweller carries jewellery with the BIS hallmark.
Invoice: Always demand a retail invoice that clearly states the production costs, the current gold price, the carat weight of the jewellery, and the BIS hallmarking licence number.
Making Fee: Every item of gold jewellery has a manufacturing fee attached to it, which is effectively the labour cost involved in making it. Because manufacturing costs for machine-made objects are lower than those for human-made objects, mass-produced decorations like these may be found for less money. A buyer may be able to save some cash by asking about the piece's provenance.
Factors Which Affect The Price Of Gold In Ahmedabad
The price of gold is impacted by many factors. The top 5 factors as listed below that affect the rate of gold may be useful to you in understanding why gold prices rise and fall -
Inflation: The value of gold is quite steady as compared to currency, and that is why it is a very safe investment option. It is used to safeguard against inflation. The price of gold rises when there is inflation since there is a high demand for it during such times.
Demand Versus Supply Mismatch: There is high demand for gold in India during the festival seasons. Gold is used in jewellery, coins, bars, and as a wealth symbol in India. During the wedding season, the prices rise considerably. Gold is a very safe and preferred investment option in India and can be used to hedge inflation. It is used as collateral for availing loans, and gold loan is one of the most sought-after kinds of loan in India.
Gold And Interest Rates: There is a negative correlation between the prices of gold and interest rates in India. That is when the interest rates in India increase, people sell gold to get cash. So, there is a high amount of gold supply, which leads to a decrease in the price of gold and vice-versa.
Global Trends In The Prices of Gold: India imports gold in huge quantities. Thus when there are changes in global prices, the import prices also vary resulting in changes in the price of gold inside the country. If the value of the rupee weakens in comparison to the US dollar, then gold prices will shoot up.
Gold Reserves Held By The Government: The government of India holds gold reserves, and it purchases or sells gold through the Reserve Bank of India. Thus when the Reserve Bank of India buys more gold, the price of gold hikes up.
FAQ About Gold Rate Today In Ahmedabad
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What is the Difference Between 22 karats and 24 karats Gold?
Even while jewellery made of 24K gold has a bright colour, it won't last as long as 22K gold jewellery. It is as a result of 24K gold's weakness in resisting wear and tear. The addition of other metals to 22K gold makes the jewellery more resistant to wear and tear.
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How Do You Double-Check Your BIS-Hallmark in Ahmedabad?
The Bureau of Indian Standards (BIS) has developed a smartphone app called the "BIS Care App" to track any jewellery that is ISI and hallmark certified, which will benefit gold purchasers. Customers may instantly check the purity of hallmarked gold jewellery with this app.
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How to Check for the Hallmarked 916 22 Karats Gold in Ahmedabad?
When jewellers deliver gold to BIS for certification, they should additionally engrave their identification number on the metal in addition to the BIS hallmark. So, to assure the purity and fineness of gold, it is preferable to purchase from a jeweller who has earned the BIS certification.
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Do I need to pay tax on bringing gold into Ahmedabad from abroad?
The overall tax on imported gold is 10.75 percent with a 7.5 percent customs fee, making gold smuggling a lucrative endeavour. Leading jewellers in the nation have pleaded with the government to lower the import tariff on gold from 7.5% to 4% in the forthcoming budget to lessen gold smuggling.