Whether you invest in equity or gold, the investing strategy remains the same: you aim to buy low and sell high in order to net a profit. In order to do this for gold investments in Ahmedabad, you will first need to know the gold price in Ahmedabad. This includes knowing the historical prices and the current gold rate. The best way to stay updated on the latter is to look at the live gold price in Ahmedabad.
Get the most current information here as we list the 22 Carat gold price in Ahmedabad today as well as the 24 Carat gold price in Ahmedabad.
Read on to know how the price of gold is determined and the factors that affect gold rate in Ahmedabad. Also learn the effect of GST on gold and how the price is determined.
Given below is a table with the 24 Carat gold price in Ahmedabad today and yesterday, with an estimate of the daily price change:
Gram |
22 Carat Gold Rate Today |
22 Carat Gold Rate Yesterday |
Daily Price Change |
1 Gram |
₹7,170 |
₹7,185 |
₹-15 |
10 Gram |
₹71,700 |
₹71,850 |
₹-150 |
100 Gram |
₹717,000 |
₹718,500 |
₹-1500 |
Disclaimer: These rates are indicative and exclusive of taxes.
The next step is to determine what is a good entry and exit point for purchasing gold. Here, knowing the 22-carat gold price in Ahmedabad or the 24 Carat gold price in Ahmedabad today is not enough.
In order to ascertain what to do next, you must first know what has happened before. In other words, your investment decision should be based on the historical price of gold. This helps you to identify trends and patterns.
Here is a list of the gold price in Ahmedabad for the last 5 days.
Date |
STANDARD GOLD 22K |
STANDARD GOLD 24K |
||
1 Gram |
10 Gram |
1 Gram |
10 Gram |
|
November 28, 2024 |
₹7,170 |
₹71,700 |
₹7,529 |
₹75,290 |
November 27, 2024 |
₹7,185 |
₹71,850 |
₹7,544 |
₹75,440 |
November 26, 2024 |
₹7,280 |
₹72,800 |
₹7,644 |
₹76,440 |
November 25, 2024 |
₹7,280 |
₹72,800 |
₹7,644 |
₹76,440 |
November 24, 2024 |
₹7,145 |
₹71,450 |
₹7,502 |
₹75,020 |
Disclaimer: These rates are indicative and exclusive of taxes.
Gold price in Ahmedabad with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 18K |
|
1 Gram |
10 Gram |
|
November 28, 2024 |
₹5,866 |
₹58,660 |
November 27, 2024 |
₹5,879 |
₹ 58,790 |
November 26, 2024 |
₹5,956 |
₹59,560 |
November 25, 2024 |
₹5,956 |
₹59,560 |
November 24, 2024 |
₹5,846 |
₹58,460 |
A gold rate calculator considers the real-time gold price in India (based on cities) to give you an estimate of the gold you have or intend to buy. The tool is simple, quick, and easy to use.
All you need to enter is the weight (in grams), carat (22K or 24K), and the city. Once you submit the values, you will the value of gold for the required quantity.
Here is a gold rate calculator you can use to get an estimate of your gold value based on the gold price today in Ahmedabad.
There are a number of factors that make an investment in gold a good strategy. Here are some of the top features of investing in gold.
The demand for gold is driven by a slew of factors such as weddings and festivals
Gold provides more diversity to your portfolio, helping you dissipate risk
In comparison to other investments, gold offers returns that are just as competitive, with less price volatility
Historically, the prices of fiat currencies have fallen against that of gold
First and foremost, when buying gold make sure that you compare the prices. Compare the live 19-carat gold price in Ahmedabad with the 22- and 24-carat gold price in Ahmedabad.
Doing this comparison will enable you to ascertain which purity is the best for your investment. Be sure to look at the historical data as well. Apart from that, here are few other points you should keep in mind while investing in gold:
Get an invoice or bill for your gold purchase for confirmation and verification.
Check the weight of the gold you are purchasing to ensure that you do not face any losses due to weight errors.
Buy hallmarked gold only as selling it without a hallmark is difficult due to lack of credibility.
Assess buyback terms to make sure that you can sell it back at any time.
GST (Goods and Service Tax) can have a significant impact on the rate of gold. Here is a table to give you an idea about how GST affects the gold rate in Ahmedabad and other cities:
Tax |
Before GST |
After GST |
Price of 10 grams |
₹45,000 |
₹45,000 |
Customs Duty |
₹4,500 |
₹4,500 |
Service Tax and VAT |
₹990 |
₹0 |
GST on GOLD |
₹ 0 |
₹1,485 |
Total gold value |
₹50,490 |
₹50,895 |
Making charge |
₹3,000 |
₹3,000 |
GST on Making charge |
₹0 |
₹150 |
Final Price of gold after GST |
₹53,490 |
₹54,135 |
Gold rate in Ahmedabad and other cities is determined by the Indian Bullion Association. There are a number of factors that affect the gold rate. These include market economics, national reserves, and more.
The purity you should choose depends on what kind of gold you plan to invest in. For jewellery or ornaments, you should choose 22-carat gold. However, if you want bars, opt for 24-carat gold.
Although buying gold is generally considered to be a safe option in any economic situation, it is best to look at the historical gold rate in Ahmedabad. This will help you understand whether the prices are going to increase or decrease.
You can decide accordingly based on how long you plan to hold your investment.
Gold prices in Ahmedabad and other cities are increasing due to the current market fluctuations. This is linked to the reducing inflation in the USA and predictions of increasing interest rates.
There are various ways you can invest in gold in Ahmedabad. This includes investing in the metal (ornaments, coins, bars, etc), ETF, or gold funds.