Gold Price in Vadodara today - 26 May

last updated on 26 May 2022

India

0(per gram) (16K)

Vadodara is touted as the cultural capital of Gujarat. This city experiences a substantial cash flow making it easier for residents to invest in luxury metals like gold. However, before investing in this valuable metal, willing individuals must be aware of the gold price in Vadodara.

Gold Prices in Vadodara for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Vadodara for last 7 days

DateGold price 1 gramGold price 10 gram
26 May, 2022₹ 5,400₹ 54,000
25 May, 2022₹ 6,000₹ 60,000
24 May, 2022₹ 6,500₹ 65,000
23 May, 2022₹ 7,000₹ 70,000
22 May, 2022₹ 7,500₹ 75,000
21 May, 2022₹ 6,500₹ 65,000
20 May, 2022₹ 7,500₹ 75,000
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Gold Rates in Vadodara for 18, 22, and 24 karats (Comparison Table for 18, 22, and 24 Karats)

The karat determines the purity of gold and is measured on a scale from 0 to 24. A higher karat number denotes more gold content in jewellery. For example, 24 karat contains 99.9% gold and is the purest and consequently most expensive of the other two types available for purchase. They are mainly 22 karat which is cheaper than 24 karat and contains 91.7% gold, while the 18 karat comprises 75% gold and is the least expensive on this list. Vadodara residents can track the live gold prices for different karat types on this page.

Gold Price in Vadodara in the Last Week

The rate of yellow metal is volatile given the changes in global and domestic determinants. These factors include exchange rates between currencies, geopolitical crises, transportation costs etc. Take a look at the table below, representing last week’s gold rate trends in Vadodara. (insert table)

Weekly and Monthly Graph of Gold Rate in Vadodara

In the last few months, the rate of yellow metal in Vadodara has witnessed an inflationary trend. Experts assume this trend will continue, given the metal’s increasing market demand. Here is a graph below illustrating gold rate movements in Vadodara over the last few weeks and months. (insert graph)

Check Gold Prices in Vadodara Before Borrowing a Loan

The gold price in Vadodara today is not similar to the rates it was a few months back. Therefore, to avoid uncertainties while applying for a gold-backed loan, borrowers must check the rates on this page and compare the same with each lender to get the best loan deal.

Top 7 Factors Affecting Gold Prices in Vadodara

Factors that impact the rate of yellow metal in Vadodara are as follows:

  • Inflation
  • Interest rate trends
  • Demand and supply
  • Geopolitical crises
  • The exchange rates between Indian rupees and American dollars
  • Government’s gold reserves
  • Global change in gold prices

Simple Methods to Calculate Gold Prices in Vadodara

Two methods to calculate the value of the yellow metal in Uttar Pradesh are as follows:

  • Percentage Purity Method Gold value = (Gold’s purity x weight x gold rate) / 24
  • Karat Purity Method Gold value = (Gold’s purity x weight x gold rate) / 100 Use the above value to know how much gold is required to get a loan against it and the loan amount against pledging gold as collateral from our gold loan calculator.
  • To Know Gold Required
  • Step 1: Click on ‘Choose required Loan Amount’.
  • Step 2: Provide the required loan amount, interest rate and repayment tenure. Apart from knowing the gold ornaments required, this online tool will display the total and monthly interest payables.
  • To Know the Loan Amount
  • Step 1: Select the ‘Choose available Gold Weight’ tab on our gold loan calculator.
  • Step 2: Submit gold’s purity in karat and weight in grams. Provide an interest rate and tenure. Besides displaying the eligible loan amount, individuals can view total and monthly interest payments.

Reasons for Varying Gold Rate in Vadodara from That in Other Cities

Reasons that make the rate of yellow metal in Vadodara different from that in other cities are:

  • Making charges
  • Tax regime
  • Transportation costs Apply for a gold loan in Vadodara from Rupeek. We extend the highest per gram gold rate so that borrowers can meet their financial emergencies without hassles.
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