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Gold Rate in Surat (18th October 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
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,931 ₹ 2,936 ₹ -5
8 gram ₹ 23,448 ₹ 23,488 ₹ -40
10 gram ₹ 29,310 ₹ 29,360 ₹ -50
100 gram ₹ 2,93,100 ₹ 2,93,600 ₹ -500

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,197.40 ₹ 3,202.90 ₹ -5.50
8 gram ₹ 25,579.20 ₹ 25,623.20 ₹ -44
10 gram ₹ 31,974 ₹ 32,029 ₹ -55
100 gram ₹ 3,19,740 ₹ 3,20,290 ₹ -550

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

Date 22 Carat 24 Carat
Oct 17, 2017 ₹ 29,310 ₹ 31,974
Oct 16, 2017 ₹ 29,360 ₹ 32,029
Oct 14, 2017 ₹ 29,400 ₹ 32,072
Oct 13, 2017 ₹ 29,370 ₹ 32,040
Oct 12, 2017 ₹ 29,360 ₹ 32,029
Oct 11, 2017 ₹ 29,230 ₹ 31,887
Oct 10, 2017 ₹ 29,210 ₹ 31,767
Oct 9, 2017 ₹ 28,800 ₹ 31,418
Oct 8, 2017 ₹ 29,010 ₹ 31,647
Oct 7, 2017 ₹ 29,435 ₹ 32,110

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, September 2017
  • Gold Rates 22 Carat 24 Carat
    1 st September rate Rs.29,000 Rs.31,636
    30th September rate Rs.29,110 Rs.31,750
    Highest rate in September Rs.29,780 on September 7 Rs.32,487 on September 7
    Lowest rate in September Rs.29,000 on September 1 Rs.31,636 on September 1
    Over all performance Rising Rising
    % Change +0.38% +0.36%
  • Gold Price Movement in Surat, August 2017
  • Gold Price Movement in Surat, July 2017
  • Gold Price Movement in Surat, June 2017
  • Gold Price Movement in Surat, May 2017
  • Gold Price Movement in Surat, April 2017

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 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
Gold rate steady in Surat

Taking cues from the international market, gold prices in Surat were steady compared to the past two weeks, where volatility in the metal has been immense. Due to uncertainties in the global market over North Korea and the US dollar easing these problems have impacted gold prices in Surat. From the last two weeks, gold prices in the international markets are moving slowly. Basically, in Surat, gold has more demand, than before. But, the market has fallen, and the US dollar has become strong. If the dollar increases the value automatically the metal will fall. Since the past ten days gold prices in Surat have moved slowly from Rs 28,200 to Rs28,800. Spot gold in the global market is nearly unchanged at $1,310 per ounce, not far changed from from the price on Monday. In the futures market gold futures for December delivery rose 0.2 percent to 1,314.30 an ounce.

26 September 2017
Gold in Surat moves up

Gold in Surat is set to rise today as gold in the global markets saw a major uptick. Spot gold moved up by 0.78 per cent and traded around $1,268 an ounce. Gold futures in the US for August delivery ended at $1,268 per ounce. The ballistic missile test by North Korea is going to affect gold prices. The uncertainties continue to push the gold price in Surat. Gold this week opened below Rs 27,500, but by the end of the week, it crossed Rs 28,000.

The weak GDP data of US has supported pushed the other currencies such as euro up and brought pressure on the Dollar. Investors waiting for declines in the price of gold may need to search for some other option as it does not seem like there will be any fall in the gold prices in the near future. Though the markets closed flat this month, recently Nifty crossing 10,000 mark increased the hope of investors in gold.

29 July 2017
Steady gold rates in Surat

Gold prices in Surat is to trade at steady levels as the gold rates in the global markets are trading flat. Ahead of the Fed meeting gold in the International Markets were trading steadily. As Investors are expecting some hints from the Fed meeting about the monetary policy and the Interest rate hike this year. This has some affect on the price of gold in Surat. In Surat, the gold price was trading a little above Rs 28,000 for 22 karats per 10 grams, and 24 karats were trading at similar levels, and it seems it may trade at same levels as the gold is trading at same levels in the Global Markets.

The one planning to buy gold are advised not to buy as it will not be wise to buy gold above Rs 28,000 mark in Surat. There is an expectation that the NIFTY may hit 10,500 this December. Than going for the precious metal keeping bets on the stocks will be a wise step to take.

26 July 2017
Gold in Surat to Rise

Gold price in Surat seems to rise as the gold price in the International Markets rose. Spot gold rose up by 0.9 per cent and is trading around $1,255 an ounce. This rise in the gold prices is due to the Draghi's comments in the ECB meet and also not increasing the interest rate has helped gold to rise. Gold is sensitive to Interest rates. If the Interest rate hikes, the gold will drop. The gold in Surat was nearly trading at RS 28,000 mark and today it may cross that mark and trade at high levels.

Investors planning to buy the shining metal may need to hold on as it seems the US Dollar may bounce shortly and gold price in Surat may fall. Chances of Fed interest rate hike is less, but if the Federal reserve hikes the interest rates then the dollar will bounce and gold rates will fall. So it is advised to hold on if you want to buy.

22 July 2017
Gold price in Surat to move up

Gold price in Surat is to see some upward movement as the gold prices in the international markets moving up. Spot Gold prices are up by 0.1 per cent and are trading at $1,218.60 per ounce. This up in the gold prices has pushed the gold prices in Surat as well. The price of gold in Surat was trading at low levels and may find some gains today. The gold price is under pressure from past few days as the stocks were trading at high levels and the Fed interest rate hike expectations were pushing the gold down.

Experts are suggesting to buy gold. If the Inflation returns, gold will be a savior in such times. As of now, the price of gold is also at great levels for buyings. Using this opportunity and buying will be a smart move to take as per the gold experts. It is always safer and smarter to buy gold in electronic form.

12 July 2017
Gold trades higher in Patna

Gold price in Patna to trade higher. North Korean missile launch rattles Asian markets, and most of the shares end mostly lower and also the Australian dollar tumbled after the Reserve Bank of Australia decided to keep its interest rates steady at 1.5 percent. The International factors have shown some effect on the gold prices, and the gold prices in Patna picked up. There are investors in Patna who likes to invest in gold when the prices went low and sell off the precious metal once its picks up. June was not a very great month for them as there is no big drops or gains past month.

After the Missile test had done by North Korea, there was a significant impact on the South Korean stocks. The stocks lost ground and traded at very lower levels. Due to the uncertainties, the demand for the precious metal increased, as we know most traders prefer to go for metal in such instances.

5 July 2017
Gold Price in Surat unchanged

Gold price in Surat remained unchanged due to lower equities and a weak dollar. After the European Central Bank President Mario Draghi hinted the ECB could trim its stimulus this year the dollar experienced some pressure which helped gold to stay firm. Gold price in Surat which was trading on gains yesterday for 22 karats was placed at Rs 28,400 and 24 karats at Rs 30,900 may continue the uptick today. There are chances that 24 karats gold price in Surat may cross Rs 31,000 mark.

Currencies movement in the International Market will always had some affect on gold prices in Patna. The movement in currency is proportional to Gold prices in the international markets and this affect can be seen on the gold price in Patna as well. Yesterday, euro hit a 10-month high after European Central Bank chief Mario Draghi speech. The euro moved up 0.1 per cent and traded at $1.1345. After, euro hit its strongest level since August 2016. Dollar experienced some pressure and Gold Price in Surat remained unchanged.

28 June 2017
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

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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