If you’re planning to buy gold or silver in Ahmedabad, Gujarat, be prepared to pay hefty prices. According to the latest reports, gold prices in Ahmedabad have crossed ₹74,000 per 10 grams, while silver prices have also soared above ₹94,000 per kilogram.
Gold Prices:
As of today, Tuesday, the price of 10 grams of 24-carat gold in Ahmedabad has reached a record high of ₹74,560. This is the first time that gold prices have touched this level in Ahmedabad.
Silver Prices:
Silver prices are also witnessing a record-breaking surge. Today, the rate of one kilogram of silver in Ahmedabad stands at ₹94,600.
Overall, gold and silver prices are showing a significant upward trend in Ahmedabad. This is good news for those who have invested in gold, as the value of their investments is increasing.
Ahmedabad Gold Rates:
- 10 grams of 24-carat gold: ₹74,560
- 10 grams of 22-carat gold: ₹68,350
- 10 grams of 18-carat gold: ₹55,920
Ahmedabad Silver Rate:
- 1 kilogram of silver: ₹94,600
Please note that these prices are indicative and may vary slightly depending on the jeweler.
Factors Affecting Gold and Silver Prices:
Several factors are influencing the rising gold and silver prices in Ahmedabad, including:
- Global economic uncertainty: The ongoing war in Ukraine, rising inflation, and supply chain disruptions are contributing to global economic uncertainty, which is driving demand for safe-haven assets like gold and silver.
- Interest rates: Interest rates are rising in many countries, including India. This makes holding gold and silver less attractive compared to interest-bearing assets, which can lead to a decrease in demand and lower prices. However, in the current environment of high inflation, investors may still view gold and silver as a hedge against inflation, which could support prices.
- Demand for jewelry: Gold and silver are widely used in jewelry, and demand for jewelry can fluctuate based on factors such as festivals, weddings, and consumer sentiment.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.