Vadodara is the 3rd largest city in Gujarat. The city has over 2.2 million people and it is also a site of Lakshmi Vilas Palace where the Maharaja of Baroda and the Royal family resides. The city also has the largest University in Gujarat. It has been a cultural and educational centre and it had the first modern factory established in 1907. The large industrial unit’s establishment has paved way for the smaller enterprises.
Gold Rate Trend in Vadodara for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,086 per gram | Rs.3,138 per gram | Rs.3,159 per gram |
| Last day | Rs.3,120 per gram | Rs.3,159 per gram | Rs.3,149 per gram |
| Highest price | Rs.3,171 per gram on 25 January | Rs.3,175 per gram on 20 February | Rs.3,182 per gram from 27 to 30 March |
| Lowest price | Rs.3,082 per gram on 5 January | Rs.3,092 per gram on 9 and 10 February | Rs.3,109 per gram on 20 March |
| Trend | Incline | Incline | Decline |
| Change | 1.10% | 0.66% | -0.31% |
Gold Rate Trend in Vadodara for January 2018:
- In Vadodara, the formerly known Baroda, gold prices improved to record a positive growth as opposed to the previous month’s performance.
- On the 1st of January 2018, gold was priced at Rs.3,086 per gram.
- The initial week saw gold price in Vadodara drop significantly, owing to a strong US dollar and a weak demand from local investors.
- Gold rate in Vadodara hit their lowest for the month on the 5th of the month when it traded at Rs.3,082 per gram.
- It was all smooth sailing for gold from the second week onwards as the US dollar went through some changes and gold prices improved as a result of that.
- Rates improved considerably over the next three weeks before hitting a monthly high figure of Rs.3,171 per gram on the 25th of January as demand from locals surged.
- However, a consolidation was witnessed as the month drew to a close and gold traded at Rs.3,120 per gram on the final day of this month.
- A rate change of 1.10% was recorded over the course of this month.
Gold Rate Trend in Vadodara for February 2018:
- When February began, gold was priced at Rs.3,138 per gram.
- This month continued its improvement on January’s growth as well and gold rates inclined thanks to good domestic demand.
- The yellow metal traded at its lowest this month on the 9th when it was priced at Rs.3,091 per gram. This continued on till the 11th as demand saw no change.
- However, the third week saw gold bounce back amid a poorly performing US dollar. The yellow metal traded at Rs.3,175 per gram on the 20th of the month, which was the highest gold rate in Vadodara for this month.
- Prices fluctuated quite a bit over the final 10 days and decreased as days passed.
- When the month came to an end, gold price in Vadodara were recorded at Rs.3,159 per gram, thereby marking a 0.66% month-on-month incline in prices.
Gold Rate Trend in Vadodara for March 2018:
- Gold was still trading at Rs.3,159 per gram when the final month of Q1 2018 commenced.
- The first three weeks saw robust demand for the metal, thanks to continued buying from jewellers and other investors.
- On the 20th, gold traded at Rs.3,109 per gram, which was the lowest gold rate for this month. This happened due to a rising dollar and a poor demand from the domestic market.
- Demand went up considerably during the final week of March as the US dollar index was undergoing a tough period.
- Gold traded at its highest for the month from the 27th to the 30th during which it was priced at Rs.3,182 per gram.
- The last day of March 2018 saw gold rate in Vadodara drop to Rs.3,149 per gram.
- Gold price trend recorded a 0.31% decline this month, which was caused by a sudden decline in local demand.
Gold Rate Trend in Vadodara kot for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,087 per gram | Rs.3,068 per gram |
| Last day | Rs.3,087 per gram | Rs.3,078 per gram | Rs.3,086 per gram |
| Highest price | Rs.3,133 per gram from 12 to 16 October | Rs.3,113 per gram on 20 and 21 November | Rs.3,086 per gram on 30 and 21 December |
| Lowest price | Rs.3,073 per gram on 27 and 28 October | Rs.3,057 per gram from 4 to 6 November | Rs.2,990 per gram on 14 December |
| Trend | Decline | Decline | Incline |
| Change | -0.70% | -0.29% | 0.58% |
Gold Rate Trend in Vadodara for October 2017:
- Gold was priced at Rs.3,109 per gram when the month of October began.
- Prices seemed to drop during the first week but surged amid positive cues from the global market.
- On the 12th, gold rates went up to Rs.3,133 per gram – the month’s highest gold rate. This continued on till the 16th of the month, thanks to steady demand.
- Gold prices in Vadodara seemed to fall slightly over the next few days as the US dollar strengthened.
- The 27th saw gold rate in Vadodara hit the lowest for the month of Rs.3,073 per gram. This was due to poor local demand brought on by a steady rise in dollar value.
- When the month came to an end, gold rate in Vadodara were recorded at Rs.3,087 per gram – a Rs.22 decline from the first day’s prices.
- Price trends had declined by 0.70% due to poor demand from the domestic market.
Gold Rate Trend in Vadodara for November 2017:
- When November began, gold was priced at Rs.3,087 per gram.
- A poor global demand brought gold rates down during the initial few days with the metal trading at Rs.3,057 per gram from 4th to 6th November – the lowest for the month.
- As the US dollar seemed to fall slightly amid concerns over the Donald Trump administration, gold rates seemed to increase.
- A rise in demand towards the 20th of the month led to gold trading at Rs.3,113 per gram – the month’s highest gold rate.
- When the month ended, gold was seen trading at Rs.3,078 per gram. There was a decline in gold rates during this month as well and prices fell by 0.29%.
Gold Rate Trend in Vadodara for December 2017:
- The last month of 2017 saw gold rate in Vadodara increase, thanks to the tax reform introduced by Donald Trump, which wasn’t very well received by the market.
- On the 1st of December, the yellow commodity was seen trading at Rs.3,068 per gram.
- Demand for the metal remained weak during the initial few days. Rates hit a monthly low of Rs.2,990 per gram on 14 December after US treasury yields increased.
- However, rates picked up from then on and the metal traded in the Rs.3,000 plus range for the remaining few days of the month.
- Gold prices in Vadodara were at their highest for the month on the 29th and 30th of the month, when the metal traded at Rs.3,086 per gram.
- Overall, December recorded a price rate increase of 0.58% and helped end 2017 on a positive note.