Gandhinagar Gold rate connection:
Gandhinagar, the capital of the state of Gujarat is renowned for the Akshardham Temple and is quite close to Ahmedabad. Nicknamed as Green City of Gujarat, leading industries, software parks and government offices have their presence in Gandhinagar.
The Today Gold Rate Page in Gandhinagar is an endeavour to inform investors and buyers of the prevailing market-rate. Rates mentioned on this page are sourced from credible jewellers and agencies across the city.
Gandhinagar & Gold:
Gandhinagar is barely 25 kilometres away from Ahmedabad and comparatively has a limited connection with Gold because it has a history of barely half a century. But even the reputed gold hub of Ahmedabad may have been mildly surprised to know of the upcoming International Bullion exchange at GIFT City. The Gujarat International Finance Tec-City as of Feb 2020 is expected to house an IFSC (International Finance Services Center) with ability to allow trading in precious metals such as Gold. This would allow better price discovery and help the locals find jobs.
Gandhinagar per gram Gold rate calculation:
Sify.com collates rates in Gandhinagar from jewellers and local agencies including federations and sarafa associations. Rates quoted by jewellers are usually parallel to the Ahmedabad rates, but there exists a minor difference. These agencies calculate rates at least two time a day - morning and evening. The rates are calculated on the basis of international price of gold and the prevailing Dollar rate. The agencies may also add refiner margins to arrive at the cost of 24 Karat gold alloy. Rates mentioned by jewellers may differ by a small margin owing to differences in business operation, logistics, and dealer margins.
Individual associations also share prescriptive rates for lower purities such as 22 and 18 Karats. These rates include slight making charges which may include the cost of impurities such as Palladium, Platinum and Nickel required to make 22 Karat or 916 Karat Gold alloy. Individual jewellers may showcase rates higher or lower than the association' prescriptive rates owing to differences in business operations and added costs on security and logistics. Sify ensures that rates reflect near-market trends to ensures customers are empowered with latest market information.
You should also understand that rates quoted by adjacent jewellers in the same locality in Gandhinagar can differ by a margin of a few rupees and hence for a satisfactory transaction comparing the single gram gold rate at the jeweller is advised. The prevailing Gold price for bullion, that is 24 Karat, and 22 Karat (916) can change at least two times in a day. The rates are symbolic of changes in international markets and national trends including US-Dollar-Indian Rupee volatility. Sify analyzes several market and economic trends related to buy-sell of Gold.
Time-Trusted & Popular Gold Showrooms of Gandhinagar:
Sector, 2, 20 and 23 and the District Shopping Center near Gopal Dairy are popular avenues for buying jewellery for those keen on restricting their shopping to Gandhinagar. At least three dozen jewellers and goldsmiths operate in Gandhinagar and some of the popular names includes Arihant Jewellers, Bhavani Jewellers, Roopkala Jewellers etc. The end of the Gandhinagar road in Ahmedabad may open several avenues, for those keen on travelling.
Why subscribe to authentic rates:
Gold investment can help safeguard from inflation. Usually, an investment of 10-15 percent of financial portfolio is advised in the form of Gold. Gold, certainly has remained a favorite investment form for scores of Indians and can work wonders when done correctly. The information mentioned on this page empowers buyers to negotiate when it comes to gold and jewellery. In fact, even Rs 10 saved is Rs 10 earned.
Having latest and authentic rates can help buyers plan their investments much in advance. Knowing the latest rate also helps during a gold loan. The gold rates in Gandhinagar is a way to enable customers access the latest and authentic gold rates. Another reader engagement from Sify.com is our frequent articles and insight columns with popular industry veterans and market experts. These insights offer readers information on when to buy gold and what rate to buy it at. Do bookmark this page or download Sify Gold rates app to track the latest gold rates for prominent cities across India.
Disclaimer: Sify.com showcases news, analysis and gold rates with the sole objective of financial prosperity for all. The rates mentioned may vary within the same city and readers are hence advised to consult with a registered financial advisor. For any complaints, feedback, opinions or to share experiences write to firstname.lastname@example.org with the subject – Gold / Bullion.