Key takeaways
- Track the gold rate in Vadodara for 18K, 22K, and 24K gold.
- Understand the factors that influence daily gold rates.
- Check purity and weight to estimate your gold’s value.
- Know how gold value can affect your eligible gold loan amount.
Gold Rate Today in Vadodara
Track the gold price today in Vadodara daily as it changes with market trends, demand, and global factors, helping you make informed buying, selling, or gold loan decisions.
Gold Rate Today
22k Gold / 10 gm
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24k Gold / 10 gm: : ₹
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How is the gold price in Vadodara calculated
The price you see at a Vadodara jewellery shop is not just one simple number. It is built up in small steps, starting from the price of gold around the world. Here is how it happens:
- Start with the world price: Gold is bought and sold around the world in US dollars. This is the starting point.
- Change dollars to rupees: The dollar price is turned into rupees. If the rupee gets weaker, the price in rupees goes up, even before anything else is added.
- Break it down into grams and check purity: The price is worked out for one gram of gold. Then it is adjusted for how pure the gold is. 24K gold is 99.9% pure. 22K gold is 91.6% pure.
- Add import charges: Most of India's gold comes from other countries. So a charge is added for bringing it into India.
- Add GST: A 3% tax (called GST) is added on the gold. A 5% tax is added on the making charges.
- Add the shop's making charge and profit: The final price also includes the cost of turning gold into jewellery, plus the shop's profit.
Most shops and lenders in Vadodara use the same daily gold price list from IBJA for the first three steps. That is why prices are usually similar across shops in the city on the same day. The last two steps, making charges and profit, are where prices can be different from shop to shop.
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Historical gold rate in Vadodara
Gold prices have increased significantly over the years. Here is how the gold price in Vadodara for 24K gold (per 10 grams) has changed over time:
| Year | Price (24K per 10 grams) |
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,913 |
| 2023 | Rs. 65,330 |
| 2022 | Rs. 52,670 |
| 2021 | Rs. 48,720 |
| 2020 | Rs. 48,651 |
| 2019 | Rs. 35,220 |
| 2018 | Rs. 31,438 |
| 2017 | Rs. 29,667.50 |
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What affects gold rates in Vadodara today?
Several factors can affect the gold rate in Vadodara, including global prices, currency movements, taxes, interest rates and local demand.
- International gold prices: Gold is traded globally in US dollars. Changes in international gold prices can influence gold rates in India, including Vadodara.
- USD-INR exchange rate: India imports gold and pays for it in US dollars. If the Indian Rupee weakens against the US Dollar, the cost of imported gold can increase, which may push up domestic prices.
- RBI monetary policy: Interest rate changes by the Reserve Bank of India can influence investment choices and demand for gold. Changes in interest rates may therefore affect gold prices.
- Import duties and GST: Import duties and applicable taxes affect the overall cost of gold in India. GST is charged at 3% on the value of gold, while jewellery making charges attract 5% GST.
- IBJA benchmark: The India Bullion and Jewellers Association publishes gold price benchmarks based on market data. These benchmarks are used as a reference for gold pricing and valuation.
- MCX gold prices: Gold futures traded on the Multi Commodity Exchange can reflect market expectations about future prices. Movements in these contracts can provide an indication of changing market sentiment.
- Local demand: Gold buying can increase during festivals and wedding seasons in Vadodara. Changes in local demand can influence buying activity and contribute to price movements.
Your gold could help you meet your financial needs. Check your gold loan eligibility and get an estimate based on your gold.
What is the difference between 18K, 22K and 24K gold?
Gold purity is measured in karats, with a higher karat indicating a greater amount of pure gold. When checking the gold price in Vadodara, the rate varies based on the purity of the gold.
- 18K gold: Contains 75% pure gold and 25% other metals. It is often used for diamond-studded and designer jewellery because the added metals provide greater strength.
- 22K gold: Contains 91.6% pure gold and is commonly used for jewellery. If you are checking today's gold rate in Vadodara for 22 carat, make sure you refer to the 22K rate rather than the rate for another purity.
- 24K gold: Contains 99.9% pure gold and is generally used for gold coins and bars. You can learn more about 24K gold purity before making a purchase.
| Pararmeters | 18K | 22K | 24K |
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common Use | Diamond jewellery and daily wear jewellery | Traditional jewellery | Investment bars and coins |
| Price | Lowest | Higher | Highest |
Ways to check gold purity in Vadodara
Checking gold purity is important before buying gold or using it as collateral for a gold loan in Vadodara. The gold price in Vadodara also depends on the purity of the gold. Common ways to check purity include:
- BIS hallmark: Check for the Bureau of Indian Standards (BIS) hallmark. It provides details about the purity grade and the registered jeweller.
- Acid test: A jeweller applies a testing solution to the gold and checks its reaction to assess its purity.
- X-ray fluorescence (XRF) testing: An XRF machine uses X-rays to analyse the metal composition without damaging the gold.
- Electronic gold testing: Electronic testers assess the metal's properties to estimate its purity.
- Assay testing: A certified assayer can test a sample to determine its gold content. This method may involve melting the sample.
- Density testing: The density of the gold is measured and compared with the density of pure gold to estimate its purity.
Knowing the purity and weight of your gold can help you understand its value before making a purchase or pledging it for a gold loan.
Have gold at home? Find out how much you can borrow. Check your gold loan eligibility in a few steps.
How can you calculate the value of your gold?
The value of gold depends on three key factors:
- Gold weight
- Gold purity
- Gold rate today in Vadodara
Formula: Gold value = Gold weight × Current gold rate
Example gold value calculation
Suppose a customer in Vadodara owns:
50 gras of 22K gold
Current 22K gold rate: Rs. 13,129.90 per gram
Estimated gold value: 50 × Rs. 13,129.90 = Rs. 6,56,49
This calculation provides an estimate of the current value of your gold based on prevailing market rates.
Best ways to invest in gold in Vadodara
Gold rates affect the value of physical gold and gold-based investments such as Gold ETFs and Sovereign Gold Bonds (SGBs). Although these products work differently, their value can be influenced by changes in gold prices. Investors may track daily gold rates when buying jewellery, investing in Gold ETFs or reviewing the value of their existing gold holdings. Learn more about Sovereign Gold Bonds before making an investment decision.
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Impact of gold rates on gold loans in Vadodara
This is the part that matters most if you are considering a gold loan: the applicable gold rate on the day your gold is assessed decides your loan amount, not last month's rate or what you originally paid for the gold. A higher gold rate today means a higher loan amount against the same gold. A lower gold rate means a lower eligible loan amount.
What decides your eligible loan amount?
Gold loan eligibility depends on:
- How much does your gold weigh
- How pure it is
- Applicable gold price
- The Loan-to-Value (LTV) ratio
Stones, enamel, or any decoration on your gold does not count towards your loan value. Only the actual gold content is assessed.
Bajaj Finance considers the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to evaluate the loan amount against your gold jewellery, ornaments, or coins. The maximum LTV eligible depends on the loan amount and must remain within the applicable limits. To know more, click here.
Gold loan: What you should know before applying
If you are considering a Bajaj Finance Gold Loan in Vadodara, here are the essential details to know before you apply.
With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, or gold coins. The interest rate starts from 9.50% per annum*.
Jewellery and ornaments between 18-22 karat purity are accepted, while gold coins of up to 24 karat purity are also accepted. Your pledged gold is stored in secure vaults with insurance cover for the entire loan tenure.
A few things worth knowing before you apply for a gold loan:
- Your loan amount is based on the weight and purity of your gold, not what you originally paid for it.
- Bajaj Finance considers the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to determine the eligible loan amount.
- Only one valid KYC document is required, such as an Aadhaar card, Voter ID card, passport, driving licence, NREGA job card, or a letter issued by the National Population Registration. PAN is required for loans of Rs. 5,000 or above.
- Multiple repayment options are available based on your selected loan scheme.
- There are no foreclosure charges, so you can close your loan early without any additional charges.
Before applying, use the gold loan calculator to estimate your eligible loan amount or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Vadodara, your gold purity, and its weight.
Apply in minutes. Money in account instantly with a Bajaj Finance Gold Loan*
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Know more about gold rates in Indian states and Union Territories
Know more about gold rates in other cities
| Gold Rate in Imphal | Gold Rate in Palakollu | Gold Rate in Buguda |
| Gold Rate in Kanchrapara | Gold Rate in Kopargaon | Gold Rate in Siliguri |
| Gold Rate in Barshi | Gold Rate in Pinjore | Gold Rate in Bijnor |
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Frequently asked questions
Gold Price
Taxes and ETF
Gold Value
Gold Price
Why does the gold price in Vadodara keep changing?
The gold price in Vadodara changes regularly as global and domestic market conditions shift. International gold prices, the USD-INR exchange rate, inflation, import duties, local demand and geopolitical events can all affect the rate. These factors can cause gold prices to move up or down from one day to the next. Checking the latest gold rate before buying, selling or pledging gold can help you make a more informed decision.
What are the factors affecting gold prices in Vadodara?
The gold price today in Vadodara changes based on global and domestic market conditions. International gold prices, the USD-INR exchange rate, supply and demand, geopolitical events and local market conditions can all influence the daily rate. These factors can cause the today's gold rate in Vadodara to move up or down, affecting the price paid by buyers.
What decides the price of gold in Vadodara?
The gold price in Vadodara is influenced by several factors, including global market trends, economic conditions, supply and demand and changes in currency values. Geopolitical events can also affect gold prices by changing investor demand. Together, these factors can cause the gold rate in Vadodara to rise or fall and influence the price buyers pay.
Which gold is better to buy in Vadodara- 22k or 24k?
In Vadodara, the choice between 22k and 24k gold depends on personal preferences. Consider checking gold rate today in Vadodara for 22 carat and 24 carat gold to make an informed decision based on both purity and price.
What are the different carats of gold sold across Vadodara?
Gold in Vadodara is mainly available in 24 carat, 22 carat, and 18 carat forms. 24 carat is the purest, while 22 carat is ideal for jewellery, and 18 carat is used for durable and modern designs.
What are the taxes charges on gold purchase in Vadodara?
The taxes charged on gold purchases in Vadodara include the Goods and Services Tax (GST) and any applicable customs duties. These taxes are added to the gold rate in Vadodara, impacting the final gold price in the city.
What are the available options for investing in gold ETFs in Vadodara?
To invest in gold ETFs in Vadodara, first, open a demat and trading account with a reputable brokerage. Then, research and choose the gold ETFs you prefer, and place buy orders through your trading account. This allows you to invest in gold without the need for physical ownership.
What is the best time to buy gold in Vadodara?
The best time to buy gold in Vadodara is when prices are relatively stable or during price corrections. Tracking international trends and the local gold rate regularly helps you plan purchases wisely and get better value for your investment or jewellery needs.
How do festival seasons affect gold rates in Vadodara?
During festive and wedding seasons, demand for gold in Vadodara usually rises. This increased demand can push gold rates slightly higher, especially for jewellery, making prices less favourable compared to non-festive periods with lower buying activity.
What influences gold loan amounts based on gold price in Vadodara?
Gold loan amounts in Vadodara depend largely on the prevailing gold price, purity, and weight of the pledged jewellery. When gold prices are higher, you may be eligible for a higher loan amount for the same quantity of gold.
How has the gold price changed recently in Vadodara?
Gold prices in Vadodara have shown noticeable fluctuations in recent days, reflecting changes in international gold prices, currency movements, and market demand. Reviewing recent price trends can help you make informed decisions before buying gold, investing, or applying for a gold loan.
What is the gold rate today in Vadodara?
Today's gold rate in Vadodara varies by purity, with separate prices available for 18K, 22K, and 24K gold. Since gold prices change daily based on global and domestic market factors, checking the latest rate before purchasing gold or applying for a gold loan is recommended.
How has the gold price in Vadodara changed over the last 5 years?
The gold price in Vadodara has generally increased over the last five years, despite short-term ups and downs. Changes in global gold prices, the rupee-dollar exchange rate, inflation and local demand have influenced yearly price movements.
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *