Gold prices in Ahmedabad increased on Wednesday, May 20, amid volatility in global bullion markets, rising crude oil prices and ongoing geopolitical tensions linked to the Iran conflict.
According to the latest rates, 24 karat gold in Ahmedabad was priced at Rs 15,840 per gram, while 22 karat gold stood at Rs 14,520 per gram. The 18 karat gold rate in Ahmedabad was recorded at Rs 11,881 per gram.
Domestic gold prices moved higher despite weakness in international bullion futures during early European trading hours. Analysts said a stronger US dollar and rising Treasury yields have pressured global gold prices, while inflation concerns linked to elevated energy prices continue to support safe haven demand.
Investors are also closely tracking the release of the US Federal Reserve meeting minutes later on Wednesday for further direction on interest rate expectations and monetary policy outlook.
Gold rate today in Ahmedabad
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,840 |
| 22K Gold per gram | Rs 14,520 |
| 18K Gold per gram | Rs 11,881 |
22K gold price in Ahmedabad today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,520 |
| 8 gram | Rs 1,16,160 |
| 10 gram | Rs 1,45,200 |
| 100 gram | Rs 14,52,000 |
Why gold prices are changing today
Gold prices continue to react to developments in global crude oil markets, inflation expectations, US bond yields and geopolitical uncertainty.
Higher crude oil prices linked to tensions in West Asia have increased inflation concerns globally, while rising US Treasury yields have impacted investor sentiment across bullion markets.
Analysts said gold prices may remain volatile in the near term as traders monitor Federal Reserve commentary, oil market movements and geopolitical developments.
Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.