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Gold Price in Surat Today

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Surat. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Surat. Gold Price in Surat

The gold price in Surat are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Surat today is ₹ 46,750 for 22-carat gold, whereas for 24-carat gold it is ₹ 49,420.

Gold Price in Surat Today
Gold Price in Surat Today

24 Carat Gold Price in Surat 2022

MonthsLowest Price 24 Carat Gold – ₹ Per 10 GramsHighest Price 24 Carat Gold – ₹ Per 10 Grams
December 202149,07049,970
November 202148,87050,700
October 202147,40050,160
September 202146,98048,800
August 202147,78049,500
July 202148,50049,760
June 202148,25050,740
May 202148,32050,300
April 202146,00049,850
March 202145,69047,550
February 202147,09051,600
January 202150,15052,580

22 Carat Gold Price in Surat 2022

MonthsLowest Price 22 Carat Gold – ₹ Per 10 GramsHighest Price 22 Carat Gold – ₹ Per 10 Grams
January 202246,75046,960

22 Carat Gold Price in Surat 2022

MonthsLowest Price 22 Carat Gold – ₹ Per 10 GramsHighest Price 22 Carat Gold – ₹ Per 10 Grams
December 202145,78047,210
November 202145,77047,750
October 202144,28046,180
September 202143,98046,800
August 202145,85047,500
July 202146,50047,760
June 202146,25048,700
May 202146,32048,300
April 202144,15047,350
March 202143,85045,550
February 202145,19048,500
January 202148,15050,580

Surat is one of the most important port cities of India, that specialises in the trade of textiles and diamond polishing. As far as gold is concerned, most of it traded in the form of jewellery studded with diamonds, followed by bars, coins, and sovereign bonds.

The gold trade blooms, particularly during wedding seasons and festivities. The prices here keep fluctuating depending on a gamut of factors including duties, taxes, domestic demand, Central Bank actions, investment trends, international relations, etc. Gold rate in Surat today is ₹ 49,420 per 10 grams for 24 Carat and ₹ 46,750 for 22 Carat.

GOLD PRICE IN INDIA

Indians love gold and that is why India is the world’s largest gold consumer. Silver is another favourite precious metal. Most Indians prefer to stock up on the precious metals in the form of jewellery. Many factors drive gold and silver prices at any point in time such as the demand and supply conditions, global rates, and currency fluctuations. Gold is also considered a safe haven metal and gold prices rise when other asset classes look risky.

Compare 22K & 24K Gold price In Surat (Today & Yesterday)

TodayYesterdayRate Change
Standard Gold (22 K) ( 1 gram )₹ 4,639₹ 4,659₹ -20 ↓
Standard Gold (22 K) ( 8 grams )₹ 37,112₹ 37,272₹ -160 ↓
Pure Gold (24 K) ( 1 gram )₹ 4,871₹ 4,892₹ -21 ↓
Pure Gold (24 K) ( 8 grams )₹ 38,968₹ 39,136₹ -168 ↓

where to buy gold jewellery in Surat

When buying gold in Surat, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Surat for buying gold jewellery are Charu Jewels, Happy Gems and Jewellers, Shri Krishna Jewellers, Rameshwar Jewellers and Arihant Jewellers. Other large Stores that sell certified and hallmark jewellery in Surat are Kushalbhai Jewellers, PP Jewellers and Kalptaru Jewellers.

List of banks providing gold loan in Surat

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Surat that provide loan against gold jewellery are:

About Surat

Surat is located on the bank of river Tapti and it is a major port city of West India. Surat is popular for its textiles, diamond cutting, polishing and diamond studded gold jewellery manufacturing. The demand for gold in Surat has increased during the recent years due to fall in the prices of gold. The demand for gold in Surat depends on the export and manufacturing of jewellery, season of festivals like diwali, dhanteras, etc. Gold in Surat is purchased as an investment in the form of gold bars, jewellery and gold coins.

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FAQs

✅What is the gold price in Surat for 916 hallmark gold?

The gold price in Surat for 916 hallmark gold is ₹ 46,750. The 916 KDM gold price is same as 22-carat hallmark gold.

✅What is the price of 1 gram gold in Surat today?

The price of 1 gm gold in Surat today is ₹ 4,942 for 24 carats of gold and ₹ 46,750 for 22 carats gold. 

✅What is the rate of 23-carat gold in Surat?

The rate of hallmark gold of 23-carat in Surat is ₹ 49,420.

✅How is today’s gold price in Surat 916 determined?

The gold rates in Surat is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Surat is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

✅What is the important checklist for buying gold in Surat?

Checklist for buying gold in Surat involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

About Gold Price in Surat

Experts here recommend getting your metals weighed separately in case of studded jewellery to avoid unwanted expenditure. This trade of gold jewellery particularly blooms during wedding seasons and festivities. This is mainly due to gold’s cultural significance and its traditional value as a family heirloom.

As expected, gold prices keep fluctuating in this port city. State taxes and octroi play a major role in the same. Other factors include duties, domestic demand, interest rate trends, Central Bank actions, investment trends, and international relations.

Slowly, the city is taking to the latest forms of gold investment in the digital sphere. People are investing in digital gold, Exchange Traded Funds (ETFs), sovereign gold bonds and gold futures, more than ever.

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