Ahmedabad Dhanteras Gold Booking: Bars, Lower Carats and Old Gold Exchange

Ahmedabad did not wait for the muhurat this year. A Gujarati news report on the state’s bullion markets found buyers across the city advance booking gold and silver well ahead of Pushya Nakshatra (1 November) and Dhanteras, keen to lock in a price that had just fallen in their favour.

The fall was the trigger. Kirtan Soni, director of AB Jewellers, told the site that the rate had dropped from about Rs 1.55 lakh to about Rs 1.45 lakh within ten days, those being the levels traders were quoting locally, and that customers were responding the way Ahmedabad’s trading families usually do: booking early, buying on the dip, and expecting a busy season, in his estimate roughly 20% more buying than last year.

What they booked is as telling as when. Jigar Soni, president of the Ahmedabad Jewellers Association, described strong demand for gold bars, with good bookings up to 50 grams, and a clear shift in jewellery toward 9, 14 and 18 carat pieces, especially among younger buyers. He also noted that exchange business, old gold traded in against new, has picked up since Navratri. Put together, the picture is of a city stretching each rupee: bars for pure value, lower carats for wearable jewellery at a saner ticket size, and old gold doing part of the paying.

Traders quoted in the same report expect prices to rise again, some talking of gold crossing Rs 2 lakh within months. That is a trader’s view, not a promise, and we repeat it only as the mood on the ground.

Buyer takeaway: If you plan to exchange old gold this Dhanteras, check the day’s rate on our Ahmedabad page first and ask exactly what deduction the jeweller applies on exchange, because with bars and lower carats moving this fast, the terms matter as much as the price.

Source: Vadodara.live (Gujarati), late Oct 2026