Today’s Gold Rate In Ahmedabad, 22 & 24 Carat Gold Price in 2022 – Forbes Advisor INDIA

The price of gold is different across cities and states within the country. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Ahmedabad today, as of 9:33 am. 

24 Carat Gold Price In Ahmedabad Today

22 Carat Gold Price In Ahmedabad Today

Related: Today’s gold price in 10 cities of India.

Where to Buy Gold in Ahmedabad?

Physical gold

The most traditional way to purchase physical gold in the form of jewelry, gold coin, or gold bar is by physically visiting the jewelry retailer’s shop while some also avail of eCommerce services. Financial institutions, such as banks and NBFCs, also avail of the facility to buy or invest in gold coins from their respective branches.  

Gold saving schemes

Retailers offer gold saving schemes which require individuals to deposit a certain amount every month as installments for a specific tenure. Depending upon the scheme’s requirement, upfront can be paid upon agreeing to pay the EMI and obtain the jewelry. Typically, jewelers offer to pay the last installment on the borrower’s behalf as a cash incentive.

Sovereign gold bonds

SGBs are bonds issued by the RBI via banks on behalf of the Government of India. One bond represents 1 gram of gold. RBI notifies the terms and conditions, calendar for subscription, its rate from. An individual can subscribe to a minimum of 1 gram of gold up to 4 kgs. The cost of sovereign gold bonds is calculated by taking an average of closing prices of gold for the latest three working days preceding the subscription period.

Digital gold

The method of buying gold digitally involves investing in small fractions as per convenience to access the yellow metal. The various forms of investing in digital gold include buying:

• Gold exchange traded funds (ETFs): Stock exchanges in India via banks offer individuals to invest in this electronic form of instrument, which is like investing in a stock market and value based on gold prices and gold bullion. One gold ETF unit is equal to 1 gram of gold and is backed by pure physical gold.

• Gold accumulation plan: Mobile wallets such as Paytm, Phonepe, and under the Gold Rush plan of Stock Holding Corporation of India via website and mobile application to buy digital gold upon investment amount as low as INR 1. It offers customers to buy and accumulate gold safely without any concern or worry. 

Related: Alternative ways to invest in gold.

Where to Sell Gold in Ahmedabad?

Retailers: An individual can take their jewelry to retailers and sell it upon a certain amount by presenting the bill of purchase which also has information such as gold’s weight, as well as place and date of purchase, and its value at the time of purchase.

Gold loan: Financial institutions offer individuals to obtain a secured loan against gold as a collateral upon EMI plus interest. The interest rates on gold loans vary among banks on the basis of factors like weight of the jewelry, value (ranging from 18K to 24K), repayment period, to name a few..