Jam nagar Gold Split Oct 18, 2025 – Candere Tops, Goldpriceindia Lows

On Saturday, 18 October 2025, the gold rates quoted in Jam nagar, Gujarat, diverged dramatically between online trackers, leaving buyers scrambling for clarity.

Why Gold Prices Vary in Jam nagar

Here's the thing: unlike a single exchange that sets a uniform price, India’s gold market is a patchwork of dealers, digital platforms and regional taxes. In Gujarat, state levies such as octroi and transport fees can shift the quoted price by a few hundred rupees per 10 grams. Add a depreciating rupee against the U.S. dollar, and you have a recipe for daily swings that look bigger than they really are.

Data Snapshot from Major Platforms

Below is a quick rundown of what the big names reported at 12:39 PM UTC on 18 October:

• Candere.com listed 24‑carat gold at ₹130,950 per 10 g, down ₹1,910 (‑1.46 %) from the previous day.
• Policybazaar.com quoted ₹115,330 per 10 g for the same purity, noting the month’s high hit ₹133,730.
• Goldpriceindia.com showed a starkly lower ₹94,754 per 10 g, a gap of over ₹36,000 from Candere’s figure.
• BankBazaar.com sat in the middle at ₹101,632 per 10 g.
• Upstox.com tracked a monthly rise to ₹132,825 per 10 g by 18 Oct.

Oddly enough, the variance isn’t just a statistical quirk; each platform follows a slightly different methodology—some include GST, others add making charges, while a few only show a “spot” rate for digital gold.

Factors Driving the Divergence

Multiple forces are at play:

1. Currency moves. The rupee slipped about 2 % against the dollar in the week leading up to 18 Oct, nudging international gold prices higher.
2. Global demand. Central banks in the U.S. and Europe kept interest rates steady, keeping safe‑haven buying strong.
3. Local taxes. Gujarat’s state GST on jewelry sits at 3 %, but making charges vary wildly between jewelers, especially for 22‑carat pieces.
4. Supply chain quirks. Most physical 24‑carat bars are sold as digital gold on platforms like Candere; physical 24‑carat remains scarce, inflating the quoted digital price.
5. Platform-specific algorithms. Some sites pull data directly from the Bombay Stock Exchange’s gold index, while others rely on dealer surveys.

Turns out, when you layer all these together, a single gram can swing anywhere from ₹9,500 to ₹13,500 depending on the source.

What Buyers Should Watch

Upstox’s guide for Jam nagar shoppers stresses a few practical steps:

• Check at least three reputable trackers before committing.
• Ask the seller whether the quoted price includes GST and making charges.
• Consider buying 22‑carat jewelry if you need physical pieces; 24‑carat is mostly digital here.
• Look for hallmark certifications such as BIS (Bureau of Indian Standards) on physical items.
• Keep an eye on the RBI’s policy notes – any change in import duty can ripple through the local price.

Even if you’re a seasoned investor, it’s wise to treat the Jam nagar market like a live‑wire: quick, noisy, but potentially rewarding.

Historical Trends and Future Outlook

Looking back, Candere’s seven‑day window shows a gain of ₹2,902 for 24‑carat, while the year‑over‑year jump sits at a hefty 39.94 %. Upstox’s monthly chart paints a 13.04 % rise from the start of October, echoing a broader national upward trend.

Analysts at Groww.in note that if the rupee stabilises and global rates plateau, Jam nagar could see a modest correction of 3‑5 % by December. However, any new tariffs on gold imports would instantly reverse that, pushing rates back above ₹135,000 per 10 g.

Key Facts at a Glance

• Date of snapshot: 18 Oct 2025, 12:39 PM UTC
• Highest 24‑carat quote (Candere): ₹130,950 per 10 g
• Lowest 24‑carat quote (Goldpriceindia): ₹94,754 per 10 g
• Year‑over‑year growth for 24 carat (Candere): 39.94 %
• Primary drivers: rupee depreciation, GST, platform methodology