Gold prices in Ahmedabad edged higher on Monday, January 12, tracking the sharp rally in global precious metals. As per the latest data, 24 karat gold in Ahmedabad is priced at Rs 14,220 per gram, while 22 karat gold stands at Rs 13,035 per gram and 18 karat gold is available at Rs 10,666 per gram.
The uptick in Ahmedabad gold prices comes amid strong global safe-haven demand driven by geopolitical tensions, softer US economic indicators and rising expectations of interest rate cuts by the US Federal Reserve.
Gold price in Ahmedabad today (per gram)
| Gold purity | Price in Ahmedabad |
|---|---|
| 24K gold | Rs 14,220 |
| 22K gold | Rs 13,035 |
| 18K gold | Rs 10,666 |
24K gold price today in Ahmedabad
| Quantity | Today |
|---|---|
| 1 gram | Rs 14,220 |
| 8 grams | Rs 1,13,760 |
| 10 grams | Rs 1,42,200 |
| 100 grams | Rs 14,22,000 |
22K gold price today in Ahmedabad
| Quantity | Today |
|---|---|
| 1 gram | Rs 13,035 |
| 8 grams | Rs 1,04,280 |
| 10 grams | Rs 1,30,350 |
| 100 grams | Rs 13,03,500 |
18K gold price today in Ahmedabad
| Quantity | Today |
|---|---|
| 1 gram | Rs 10,666 |
| 8 grams | Rs 85,328 |
| 10 grams | Rs 1,06,660 |
| 100 grams | Rs 10,66,600 |
Why are gold prices rising sharply today?
Gold prices surged sharply on Monday, crossing the $4,600 per ounce level for the first time, supported by escalating geopolitical risks, weaker US macroeconomic data and growing expectations of interest rate cuts. Silver also joined the rally, touching record highs alongside gains across the broader precious metals complex.
Geopolitical uncertainty lifts safe-haven demand
A sharp rise in geopolitical tensions has been a key driver behind the surge in gold prices. Unrest in Iran has intensified, with reports indicating over 500 casualties amid widespread protests. Tensions have escalated further after Iran warned of potential strikes on US military bases if fresh military actions are initiated.
Global risk sentiment has also been affected by aggressive US geopolitical moves, including developments in Venezuela and renewed discussions around Greenland. These factors have increased demand for safe-haven assets such as gold and silver.
US economic data strengthens rate-cut expectations
Gold prices have also been supported by weaker-than-expected US employment data. December job growth slowed significantly, with losses reported in sectors such as construction, retail and manufacturing. This has reinforced expectations that the US Federal Reserve may begin cutting interest rates this year.
Lower interest rates typically benefit non-yielding assets like gold, making the metal more attractive during periods of economic uncertainty.
Policy uncertainty adds to market volatility
Investor sentiment has been further impacted by political pressure on the US Federal Reserve, raising concerns over policy independence and financial stability. This uncertainty has added to volatility across global markets, boosting demand for precious metals as a hedge.
FAQs: gold prices in Ahmedabad
What is the gold price in Ahmedabad today?
Gold prices in Ahmedabad today are Rs 14,220 per gram for 24K gold, Rs 13,035 per gram for 22K gold and Rs 10,666 per gram for 18K gold.
Why does gold price vary slightly across cities?
Gold prices differ marginally across cities due to variations in local demand, transportation costs and jeweller margins.
Do these prices include GST and making charges?
No, the prices mentioned are indicative bullion rates and do not include GST, TCS or jewellery making charges.
Does Ahmedabad gold price follow global trends?
Yes, gold prices in Ahmedabad closely track international bullion prices, currency movements and global risk sentiment.
