Last updated on: 3th Feb 2023 10:00 AM
Vadodara, also known as Baroda, is one of Gujarat's largest cities. This city is known for its abundance of banyan (Vad) trees, which is why it is named Vadodara.
Like precious gold, Vadodara has a rich history and culture, which is why it's often called Sanskari Nagari ('Cultural City') and Kala Nagari ('City of Art').
With its prominence in the textile, chemical, and oil industries, Vadodara has a significant presence on the educational, cultural, and industrial fronts. Due to the city's growth and development, its residents perceive gold differently than before, recognising it as an investment and then as jewellery.
As in many other Indian cities, Vadodara places significant emphasis on gold. Weddings and auspicious festivals are often traditionally associated with gold as a symbol and a ritual.
The gold rate in Vadodara, as well as in other parts of India, may change periodically as a result of international trends, inflation, currency rates, etc. Read on to discover the gold rates in Vadodara.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,748.00 0.00 (0.00%) | ₹5,748.00 0.00 (0.00%) |
8gm | ₹45,984.00 0.00 (0.00%) | ₹45,984.00 0.00 (0.00%) |
10gm | ₹57,480.00 0.00 (0.00%) | ₹57,480.00 0.00 (0.00%) |
100gm | ₹5,74,800.00 0.00 (0.00%) | ₹5,74,800.00 0.00 (0.00%) |
916 gold refers to 22 Karat gold, with a purity of 91.67%. In terms of purity, gold is classified into karats, ranging from 24, 22, 18, 14, and 10.
You can convert karat numbers to percentages by dividing them by 24 and multiplying the result by 100.
For example, if you want to calculate the proportion of gold in 22 Karat jewellery, divide 22 by 24. It will result in 0.91666, multiply that by 100, and you have 91.67% - that's the percentage of gold in your jewellery.
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,748.00 0.00 (0.00%) | ₹5,474.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,748.00 0.00 (0.00%) | ₹5,474.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,748.00 90.00 (1.60%) | ₹5,474.00 85.00 (1.58%) |
01 Feb 2023 | ₹5,658.00 26.00 (0.47%) | ₹5,389.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,632.00 -16.00 (-0.28%) | ₹5,364.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,648.00 0.00 (0.00%) | ₹5,379.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,648.00 0.00 (0.00%) | ₹5,379.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,648.00 16.00 (0.29%) | ₹5,379.00 15.00 (0.28%) |
27 Jan 2023 | ₹5,632.00 -63.00 (-1.10%) | ₹5,364.00 -60.00 (-1.10%) |
26 Jan 2023 | ₹5,695.00 42.00 (0.75%) | ₹5,424.00 40.00 (0.75%) |
With the implementation of the "Goods and Services Tax (GST)", there have been a few fluctuations in the gold rate.
Gold is subject to a 3% GST on top of its landed cost, and the GST on the making charges of gold jewellery is 5%.
The table compares the total tax on an imported product as of 1 July 2022 and before 1 July 2022. The assessable value of the product is the same in both cases and is ₹100,000.
As of 1 July 2022, the total tax on the product is 18.45% and is made up of the following components:
The total landed cost of the product, which is the sum of the assessable value, BCD, and AIDC, is ₹115,000 (15%).
In addition to the total landed cost, the product is also subject to Goods and Services Tax (GST), which is a value-added tax levied on the sale of goods and services. In this case, the GST is 3% of the total landed cost, which amounts to ₹3,450.
Before 1 July 2022, the total tax on the product was 14.07% and was made up of the following components:
The total landed cost of the product, which is the sum of the assessable value, BCD, AIDC, and SWS, is ₹110,750 (10.75%).
In addition to the total landed cost, the product was also subject to GST, which was 3% of the total landed cost, amounting to ₹3,323.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5658 | 5389 |
05 February 2023 | 0 | 0 |
Highest | 5748 | 5474 |
Lowest | 5658 | 5389 |
There are several alternatives to physical gold that are available to investors in India:
It is important to note that each of these alternatives carries its own risks and potential rewards, and investors should carefully consider their individual financial situation and investment goals before deciding which option is best for them. It is always a good idea to do your own research and consult with a financial professional before making any investment decisions.
How many grams of gold are present in one 'tola' of gold?
Which are among the top gold jewellers in Vadodara?
What are the things to consider before buying gold jewellery in Vadodara?
Why does the Gold price in Vadodara keep changing?
What is 999 gold?
gold rates in Popular cities of India
Gold rate in Mumbai