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Gold Rate in Surat (24th June 2017)

Surat is well known for its textile and diamond polishing business. And, diamond has become an integral part of gold. If you are looking at live gold rates in Surat do visit the scores of portals including goodreturns.in.

Today 22 Carat Gold Price Per Gram in Surat (INR)

Gram 22 Carat Gold
22 Carat Gold
Daily Price Change
1 gram ₹ 2,838 ₹ 2,810 ₹ 28
8 gram ₹ 22,704 ₹ 22,480 ₹ 224
10 gram ₹ 28,380 ₹ 28,100 ₹ 280
100 gram ₹ 2,83,800 ₹ 2,81,000 ₹ 2,800

Today 24 Carat Gold Rate Per Gram in Surat (INR)

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,096 ₹ 3,020 ₹ 76
8 gram ₹ 24,768 ₹ 24,160 ₹ 608
10 gram ₹ 30,960 ₹ 30,200 ₹ 760
100 gram ₹ 3,09,600 ₹ 3,02,000 ₹ 7,600

Gold Rate in Surat for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jun 23, 2017 ₹ 28,380 ₹ 30,960
Jun 22, 2017 ₹ 28,100 ₹ 30,200
Jun 21, 2017 ₹ 28,050 ₹ 30,100
Jun 20, 2017 ₹ 28,600 ₹ 31,050
Jun 19, 2017 ₹ 28,700 ₹ 31,100
Jun 17, 2017 ₹ 28,550 ₹ 31,145
Jun 16, 2017 ₹ 28,600 ₹ 31,200
Jun 15, 2017 ₹ 28,800 ₹ 31,420
Jun 14, 2017 ₹ 28,800 ₹ 31,300
Jun 13, 2017 ₹ 28,400 ₹ 30,998

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, May 2017
  • Gold Rates 22 Carat 24 Carat
    1 st May rate Rs.28,401 Rs.30,982
    31st May rate Rs.28,620 Rs.31,000
    Highest rate in May Rs.28,800 on May 10 Rs.31,418 on May 10
    Lowest rate in May Rs.26,850 on May 12 Rs.29,290 on May 12
    Over all performance Rising Rising
    % Change +0.77% +0.06%
  • Gold Price Movement in Surat, April 2017
  • Gold Price Movement in Surat, March 2017
  • Gold Price Movement in Surat, February 2017
  • Gold Price Movement in Surat, January 2017
  • Gold Price Movement in Surat, December 2016

Surat's Love for Gold

Surat's fascination for gold is as old as the city itself. In fact, Surat has now emerged as one of the top growing cities where the demand for gold has fast risen. In fact, the people of Surat have the choicest taste for some great patterns. Why only Surat, gold demand in the entire state of Gujarat is fast increasing.

It is important to study the price trends and other factors that govern the movement of gold, before you invest in the same. Of course, you can never predict the price movement of gold very accurately. However, if you are trying to buy and the prices are high, the best way to do is to buy through systematic investment plans in small quantities.

A Lot of Places to Buy Gold in Surat

You can buy gold and Check gold rates at Kalyan jewellers. Apart from this Kalamandir Jewellers is another place where you can check prices of the precious metal. You can have option to get todays 22 karats gold rate in Surat through these jewelers or 24 karats gold rate as well. Of course one important that you must do apart from checking the rates is a look at what charges are applicable on manufacturing the gold jewellery or in short as we call it making charges. However, do stay focused on the important service aspects before buying.

Trading in Gold ETFs in Surat

If you are looking to buy gold in the gold markets, the best way would be to buy into the Gold ETFs in Surat. This is the most advantageous when you buy into the precious metal. Consider this: each time you buy gold in the physical form in Surat, you have to go and hunt for a bank, that would store your gold. This does not happen in the case of gold ETFs. You are storing the gold in the electronic form, which is a big advantage. Another reason for them if that you should be least concerned with theft. There is almost zero chances of theft, simply because they are held in the electronic form.  Another way of buying gold in Surat would be through the mechanism of gold futures. How do you buy gold in the gold futures market in Surat is the important question? Well, the one way to be buying gold in the gold futures market is to contact your broker. Thie is the same mechanism to buy gold, like you buy shares and stocks. If you are a long-term investor it makes sense to take positions in the precious metal. Always remember that you should be buying into the precious metal on declines, if you want to make some decent money. The ideal way to buy and sell would be to buy high and sell low. Look for opportunities to buy on the decline and sell on the upward climb.

Where the gold in Surat comes from?

India is not a producer of gold, since we do not mine a great deal. There are only three gold mines which are great producers of gold in India of which two are from Karnataka and one is in Jharkand. The two mines which are in Karnataka are called hutti and uti. In which one of them in Raichur district and the other one is Chitra durg. The gold mine which is in Jharkhand is called Hirabuddini mines. These mines produce nearly 0.5 per cent of countries yearly gold consumption, Due to this reason India needs to import a lot of gold from other countries.

As everybody knows the domestic demand for gold in Surat was never less for every festival and wedding seasons people buy a lot of jewelry. Regardless of the price of gold in Surat on that day. There are investors who invest in gold a lot though there is an economic breakdown or not. Few situations such as inflation, fall in the stock market and etc. attracts more investors towards gold.

So it is not a big surprise that RBI is one of the largest stores in the world and India stands in the top spot for the highest number of gold consumer in the world.

Why should people in Surat invest in Gold?

From ages, many countries used gold standard as part of a monetary system. The value of the currency in their country is directly linked to Gold. Though this system is no longer in use, but gold has never lost its value. It is still the precious metal like before.

From the perspective of a common man, in Surat gold has always been considered as a precious metal regardless of class. The quantity and karats change but the love for gold never changes. That is why there is no point in to worry about the fall in gold rates in Surat. Gold rates in Surat will be fluctuating like other commodities but gold will never lose its value.

As gold is an extremely liquid asset in solid form, it can be either in coins, bars or jewellery. Nowadays there are a lot of ways to invest in gold from bullion to ETFs. Gold will not provide any monthly or annual dividend like other stocks or bonds.

Security, flexibility are few advantages associated with investing in gold. This cannot be obtained by investing in any other asset. It is better for them to go for Gold.

Is Imitation Jewellery in Surat pure Gold?

Surat is the economical capital of Gujrat and former princely state in the in Gujarat. In Surat, there are a lot of buyers for Imitation Jewellery, But it is not gold. Imitation Jewellery means jewelry which looks like real but isn't. Imitation jewelry is manufactured with other cheaper metals and coated by some precious metal such as gold or silver.

This Imitation jewelry is a lot cheaper than real jewelry in the market. Few Individuals in Bangalore think that it is affordable, an absolutely wallet friendly option. It is also called as gold plated jewelry, Because of the gold coating looks so real like real jewelry.

In these a lot of trendy models comes up every day and even their will be no fear of these jewels being theft. so most youngsters prefer to go for this.

This Imitation is not available on normal jewelry shops, There are few shops who will sell one gram gold jewelry or gold coated jewelry.

But Investors or other individuals who are buying gold as an asset don't go for this kind of jewelry. This jewelry doesn't have any resale value. This jewellery will not have any affect due to change in the gold price in Surat.

Is Surat symbol of wealth and status in Surat?

Yes, in Surat a lot of individuals consider gold as a symbol of wealth and status and gold is also considered as a fundamental part of many rituals for individuals in Surat. In the rural areas in Surat, for practical considerations, for the portability and as a security of an investment, gold is used. These conditions in Surat explain the appetite for gold in individuals and also defies market conditions and also how the gold price in Surat is changing.

Gold is considered to be lucky in Hindu and Jain culture. As per their cultures even they are having few festivals which are particularly celebrated by Buying gold. Those festivals are Akshaya Tritiya, Pongal, Onam, Ugadi, Durga Puja, Gudi Pavda, Baisakhi and Karva Chauth and etc. on all these festival occasions individuals buy gold. regardless of the gold rates in Surat. The explains how the demand for gold in Indian consumers is growing day to day. nearly gold price has grown 400 per cent in the last one decade.

Gifting gold is one of the must part of marriage rituals in Surat. This tradition has become a tradition for years to symbolize the wealth and status of the one who is giving the gift. As per a survey, weddings generate approximately 50 percent demand for gold every year in India. Even the relatives and well-wishers in Surat mostly prefers to gift gold jewelry in marriage and other functions.


Latest Updates on Surat Gold Rates

Gold rates Surat flat on December 24

Gold rates in Surat were trading more or less flat as global cues were rather quiet. Gold for 22 karats was last seen trading at Rs 26,675. Gold prices in the international markets also were flat, which had its impact on gold prices in Surat. Dealers say that there was some weekend buying in gold that may emerge in Surat. Those desiring to buy the precious metal could hold onto the same on declines. on the MCX too we saw a modest decline in prices of the precious metal. Gold petal on the MCX was trading at Rs 26,675 per 10 grams for October delivery. Gold prices traded on the MCX is very different from those traded in the spot gold market. There could be some buying that might emerge in gold in 2016, as investors look to buy into gold. One is hoping that 2017 brings glad tiding for gold investors in Surat.

24 December 2016
Gold rates gains momentum in Surat

Gold prices in Surat today on December 22, 2016 gained momentum as the dollar gained against the US greenback. The dollar fell from a 14-month high, which prompted brief gains in the metal prices in Surat. Gold for 22 karats was last seen trading at Rs 26,680 per 10 grams. Gold prices in Surat have been on a constant decline, just like in other parts of the country and the world. While investors are still studying the prospects of buying gold in the long term, there is no question that this year the prize of the precious metal has gone nowhere. This has been the case of gold in the last few years. Surat prices follow a global trend and it would be nice, if there is some recovery so that investor interest returns back. if you are a long term investor in the precious metal do not bother too much you are sure to make money.

22 December 2016

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.