Gold prices in Vadodara surged on May 13, 2026, as the government’s late May 12 decision to hike gold and silver import duty from 6% to 15% delivered an immediate price shock across all Indian physical gold markets.
24 carat gold in Vadodara stands at ₹16,794 per gram, up ₹1,391 from yesterday’s ₹15,403. 22 carat gold is at ₹15,395 per gram, up ₹1,275 from ₹14,120. 18 carat gold stands at ₹12,597 per gram, up ₹1,043 from ₹11,554. Vadodara’s rates are marginally above the standard national baseline — matching Ahmedabad — reflecting Gujarat’s specific local levy structure.
For Vadodara consumers, 10 grams of 24 carat gold now costs ₹1,67,940 against ₹1,54,030 yesterday — an overnight increase of ₹13,910. For a Gujarati wedding family purchasing 50 grams across bridal jewellery and family gifts, the duty hike has added approximately ₹69,550 to the total gold cost overnight.
The duty hike — a 10% basic customs duty plus 5% Agriculture Infrastructure and Development Cess — hits Gujarat’s commercially sophisticated gold trading community with particular directness. Vadodara’s Mandvi and Sayajigunj gold markets, already navigating the psychological impact of PM Modi’s voluntary appeal three days earlier, now face a structurally higher import cost that will flow through to retail prices across the city’s jewellery showrooms within days.
Vadodara’s rates are identical to Ahmedabad and sit marginally above Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.