
Today Gold Rate in Vadodara is Rs. 50,370.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Today Gold Rate in Vadodara is Rs. 50,370.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
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.
Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai
Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur
Gold Price Trend in December 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-December-2020 | 48,055.00 |
Rate on 31-December-2020 | 50,075.00 |
Highest Rate | 50,485.00 |
Lowest Rate | 47,853.00 |
Month Performance | Decline |
% Change | -4.20 % |
Gold Price Trend in November 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-November-2020 | 50,970.00 |
Rate on 30-November-2020 | 48,836.00 |
Highest Rate | 51,611.00 |
Lowest Rate | 48,643.00 |
Month Performance | Rising |
% Change | 4.19 % |
Gold Price Trend in October 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-October-2020 | 50,700.00 |
Rate on 31-October-2020 | 50,765.00 |
Highest Rate | 51,494.00 |
Lowest Rate | 50,280.00 |
Month Performance | Decline |
% Change | -0.13 % |
Gold Price Trend in September 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 18-September-2020 | 51,925.00 |
Rate on 30-September-2020 | 50,260.00 |
Highest Rate | 51,925.00 |
Lowest Rate | 49,810.00 |
Month Performance | Rising |
% Change | 3.21 % |
Gold rate in Vadodara fluctuates from time to time and some of the reasons behind it are given below:
You can purchase the yellow metal in various ways and forms now as mentioned below:
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.
It is better to go for the Digital Gold than Physical Gold because of the following reasons:
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.
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.
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.
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.
Bullion dealers in Vadodara take the price of international gold price set by London and add applicable taxes before selling it to the retailers.