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Gold Rate in Surat (4th December 2020)

Dec 4, 2020
4,806 /Gram(22ct) 1

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 4,806 4,805 1
8 gram 38,448 38,440 8
10 gram 48,060 48,050 10
100 gram 4,80,600 4,80,500 100

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram 5,009 5,008 1
8 gram 40,072 40,064 8
10 gram 50,090 50,080 10
100 gram 5,00,900 5,00,800 100

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

Date 22 Carat 24 Carat
Dec 4, 2020 48,060 10 50,090 10
Dec 3, 2020 48,050 0 50,080 390
Dec 2, 2020 48,050 310 49,690 -50
Dec 1, 2020 47,740 10 49,740 10
Nov 30, 2020 47,730 -480 49,730 -480
Nov 29, 2020 48,210 10 50,210 10
Nov 28, 2020 48,200 -80 50,200 -80
Nov 27, 2020 48,280 50 50,280 50
Nov 26, 2020 48,230 10 50,230 10
Nov 25, 2020 48,220 -1290 50,220 -1290

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, November 2020
  • Gold Rates 22 Carat 24 Carat
    1 st November rate Rs.49,590 Rs.51,390
    30th November rate Rs.47,730 Rs.49,730
    Highest rate in November Rs.50,990 on November 6 Rs.52,990 on November 6
    Lowest rate in November Rs.47,730 on November 30 Rs.49,730 on November 30
    Over all performance Falling Falling
    % Change -3.75% -3.23%
  • Gold Price Movement in Surat, October 2020
  • Gold Price Movement in Surat, September 2020
  • Gold Price Movement in Surat, August 2020
  • Gold Price Movement in Surat, July 2020
  • Gold Price Movement in Surat, June 2020
  • Gold Price Movement in Surat, May 2020

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 prices in Surat gains

Gold prices in Surat gained slightly following cues in the international markets after hitting a two-week low following a steep sell-off in stock markets that prompted investors to return to safe-haven stocks.

Gold prices in Surat were recorded at Rs.49,960/- for 10 grams of 22-carat gold and Rs.52,490/- for 10 grams of 24-carat gold.

In overseas markets, spot gold was traded at $1,935.50 an ounce and U.S gold futures were at $1,942.10 an ounce.

The rampant increase in pandemic cases around the world has led to the plunge of stocks on Wall Street amid a sharp selloff in tech stocks, which in turn has pushed up metal prices in bullion markets.

The stock market rout even affected the fall in oil prices on world markets.

The uncertainty surrounding Brexit has also weighed on markets which experienced a slump in today's session. Currently, investors are awaiting the political meeting of the European Central Bank (ECB) which is scheduled for Thursday and the next meeting of the US Federal Reserve is to be held next week.

9 September 2020
The price of gold in Surat declines

The price of gold in Surat declined today despite its rise in the international market in a context of tensions between the United States and China. On the local market, the prices of yellow metal in Surat were seen trading at Rs.45,730/- for 10 grams of 22-carat gold and Rs.47,140/- for 10 grams of 24-carat gold. In the international market, spot gold rose 0.6% to $ 1,735.43 an ounce and U.S gold futures rose 0.8% to $ 1,736.20 an ounce. Trade tensions between the two largest countries in the world have raised fears of a slowdown in the global economic recovery, putting pressure on stock markets but supporting the U.S dollar, also considered a refuge. Increasing economic hardship, Beijing lowered its annual growth target for the first time. American-Chinese friction has again appeared on the source of the coronavirus and has intensified further with China's proposal to impose security laws in Hong Kong, attracting Washington flaks.

23 May 2020
The Gold Prices in Surat surges up

The gold rates in Surat surged to a record high following global markets amid the impact of coronavirus in several countries. The precious metal prices in Surat reached high at Rs.42,140/- per 10 grams of 22-carat gold and Rs.42,980/- per 10 grams of 24-carat gold.

In the international market, the spot gold has seen trading up 1.1% at $1,661.86 per ounce and U.S gold futures have risen 1% to 1,664.60 an ounce. The U.S dollar edged higher against a basket of six major traded currencies. Global stocks lost ground as concerns over the spread of the virus beyond China increased with sharp increases in infections in Italy and Iran, as South Korea raised its disease alert level infectious at its highest level.

The World Health Organization’s remark that it is concerned about the growing number of cases with no clear connection to China is also a concern for the market. Besides speculative positioning, financial uncertainty and low-interest rates also stimulate demand for gold.

24 February 2020
The Gold Rates in Surat gains slightly

The price of gold in surat gained slightly despite its stability on the bullion market due to the Christmas and New Year holidays. On the local market, precious metal prices in Surat were spotted trading at Rs.37,400 / - for 10 grams of 22-carat gold and Rs.38,210 / - for 10 grams of 24-carat gold. In the bullion market, spot gold rose 0.1% to $ 1,479.05 an ounce and US gold futures rose 0.1% to $ 1,482.90 an ounce.

China, the world's leading producer and consumer of bullion launched its first gold options contract on the Shanghai Stock Exchange on Friday. Malaysian Prime Minister Mahathir Mohamad said on Saturday that Iran, Malaysia, Turkey and Qatar are planning to trade gold and barter among themselves to cover up for possible economic sanctions against them.

Demand for gold was subdued last week in major Asian hubs, with India amid protests over a new citizenship law that has disrupted some retail purchases and traders betting elsewhere on the Chinese New Year for higher sales.

23 December 2019
The gold rates in Surat inches up

The price of gold in Surat gained slightly following cues in the global market despite the stability of the dollar. On the local market, Surat's yellow metal prices were trading at Rs.37,340/- per 10 grams of 22 carats gold and Rs.38,230/- per 10 grams of 24 carats gold. In the bullion market, the spot gold was up slightly by 0.3% to $1,508.64 an ounce and U.S gold futures remained unchanged at $1,514.60. The dollar was trading constantly against a basket of six major traded currencies. On the commercial side, the new US tariffs of 25% on Italian cheese, French wine, Scottish whiskey and thousands of other European food products will drive up prices before the holidays and reduce jobs in the United States, Thursday announced trade groups. Lower interest rates reduce the opportunity cost of holding non-performing bullion and weigh on the dollar. In the domestic market, investors use seasonal offers to buy gold in the form of jewellery for better returns.

4 October 2019
Gold rates in Surat moves high

The gold rates in Surat moved high following global cues amidst weaker dollar. In the local market, the gold rates in Surat was trading at Rs.33,130/- per 10 grams of 22-carat gold and Rs.34,130/- per 10 grams of 24-carat gold. Spot gold rose by 0.3% at $1,391.50 per ounce and U.S gold futures were steady at $1,396.30 an ounce. The dollar was trading low against a basket of six major traded currencies. The weaker dollar, falling yields and tensions in the Middle East have pushed the gold price to move up in the bullion market. The U.S Federal reserve said that earlier in this week, it was ready to battle growing global and domestic economic risks, hinting an interest rate cut beginning as early as next month. The yellow metal's price in Surat is updated on a daily bases based on international business reports.

21 June 2019
Gold rates in Surat Slips Today

Gold rates in Surat fell owing to decline in global prices of the yellow metal as dollar re bounced back over trade caution. The gold rates in Surat were trading at Rs.32,840 per 10 grams for 22 carats gold and Rs.35,750 per 10 grams for 24 carats gold. Meanwhile, the spot gold price and U.S.gold futures were slips 0.1 per cent at $1,318.50 and $1,320.10 per ounce. The U.S Federal Reserves chairmen Jerome Powell reiterated that the fed will be cool on interest rate hikes. Surat is the main city in west India and it is popular for textiles, diamond cutting, polishing and manufacturing jewellery. The dip in demand from the local jewelers in Surat has led the fall in the yellow metals prices in the silk city of India.

28 February 2019
Gold rates slightly down in Surat

Gold rates in Surat in the present week are following a weak trend. The market demand for gold is steadily increasing. This is a good sign as there are sharp rises and turns it is difficult for investors to buy or sell their gold assets.

The demand for gold in Surat depends on the export and manufacturing of jewelry, and the festivals. The gold rates in Surat varies or changes according to the demand. If we see the history of gold prices in Surat from the past four months, the gold rates fluctuated up and down.

In month May 2017, gold rates in Surat started at Rs. 28,401 per 22 karats and Rs.30,982 for 24 karats and ended the month at Rs.28,620 for 22 karats and Rs.31,000 for 24 karats. In the present month of November 2017, gold price in Surat range is at Rs.28,770 for 22 karats and Rs.31,385 for 24 karats. Spot gold price in Surat at the gold shops was down to 0.2 percent at Rs.28,770.

3 November 2017
Gold rates gain in Surat

Gold prices in the global markets rallied, which led to gold rates in Surat trending higher. From the last few days, gold rates in Surat have moved in a tight range from Rs 29,110 to Rs 29,210. The performance of the gold price in Surat since the beginning of the year has given good returns. There is a huge demand for gold in Surat ahead of the festival season. But according to global trades, the gold price climbed high due to a weak dollar so, this can impact gold price in Surat. However, consumption patters are not likely to chnage, despite an increase in price. The Spot gold price in Surat at the local gold shops was up 0.2 percent at Rs.29,210.

11 October 2017
Gold Rates gain momentum in Surat

The precious metal climbed higher, and the US dollar pulled back after trading at a low in the international market. The dollar dropped against a basket of currencies. This in turn impacted gold prices in Indian market and Surat gold prices were hence higher. Indian gold was last seen trading higher by Rs 76 over Tuesday's session. In Surat from the last three weeks gold rates in have traded in tight band range of Rs 29,000 beginning from Sept 1 to Rs 29,010 on Oct 3rd. Due to the unstable situation in the global market, gold prices rose, and the dollar became weak. Spot gold in Surat in October has risen 0.3 percent to dollar 1,275 an ounce, and US gold futures for December delivery was also up 0.3 percent at dollar 1,278 per ounce

4 October 2017

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.

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