Gold prices in Vadodara softened sharply on Friday, January 31, tracking the broad correction seen across domestic and global bullion markets. After a powerful rally earlier in the month, profit booking and a stronger US dollar weighed on gold, leading to notable declines in local rates.
📍 Latest gold rates in Vadodara today (per gram)
| Gold Purity | Rate in Vadodara (Jan 31) |
|---|---|
| 24-carat gold | ₹16,063 |
| 22-carat gold | ₹14,725 |
| 18-carat gold | ₹12,049 |
These rates reflect current retail gold prices in Vadodara. Actual prices may vary slightly depending on local jewellers, making and taxes.
What caused the fall in gold prices?
Gold’s fall in Vadodara followed sharp selling pressure in both domestic and international markets:
- On the domestic futures market, gold February 5 contracts recorded significant losses, ending sharply lower after heavy selling.
- In the international market, COMEX gold futures plunged by $591 to close at $4,763 per ounce, pressured by strength in the US dollar and shifting expectations around interest-rate policy.
Market participants said the correction was driven by profit booking after a sustained rally, which had pushed gold prices into technically overbought territory. Once sentiment turned, widespread unwinding of positions triggered heightened volatility.
Gold prices in Vadodara continue to be influenced by global spot rates, currency movements, import duties and local buying trends, and traders expect volatility to remain elevated in the near term.
Gold rates mentioned above are indicative retail prices and do not include GST, TCS or other levies. Actual prices may differ at different jewellers.
Disclaimer: This information is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
