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Gold Rate in Surat (19th August 2022)

Aug 19, 2022
4,785 /Gram(22ct) -10

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 4,785 4,795 -10
8 gram 38,280 38,360 -80
10 gram 47,850 47,950 -100
100 gram 4,78,500 4,79,500 -1,000

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram 5,220 5,231 -11
8 gram 41,760 41,848 -88
10 gram 52,200 52,310 -110
100 gram 5,22,000 5,23,100 -1,100

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22 Carat 24 Carat
Aug 19, 2022 47,850 -100 52,200 -110
Aug 18, 2022 47,950 0 52,310 0
Aug 17, 2022 47,950 -100 52,310 -110
Aug 16, 2022 48,050 -150 52,420 -160
Aug 15, 2022 48,200 0 52,580 0
Aug 14, 2022 48,200 0 52,580 0
Aug 13, 2022 48,200 400 52,580 430
Aug 12, 2022 47,800 400 52,150 440
Aug 11, 2022 47,400 0 51,710 0
Aug 10, 2022 47,400 -600 51,710 -650

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, July 2022
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.47,880 Rs.52,230
    31st July rate Rs.47,250 Rs.51,540
    Highest rate in July Rs.48,150 on July 2 Rs.52,500 on July 2
    Lowest rate in July Rs.46,050 on July 21 Rs.50,230 on July 21
    Over all performance Falling Falling
    % Change -1.32% -1.32%
  • Gold Price Movement in Surat, June 2022
  • Gold Price Movement in Surat, May 2022
  • Gold Price Movement in Surat, April 2022
  • Gold Price Movement in Surat, March 2022
  • Gold Price Movement in Surat, February 2022
  • Gold Price Movement in Surat, January 2022

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

The Gold Rates in Surat Unmoves

Gold prices are static in Surat following signals from gold markets as US Federal Reserve officials' hawkish stance points to signs of inflation spikes.

Gold rates in Surat were seen at Rs 47,400/- for 10 grams of 22 carats and Rs 51,710/- for 10 grams of 24 carats.

On the international platform, spot gold was trading at $1,796 per ounce and US gold futures at $1,806.7 per barrel.

Prices for the yellow metal eased in Thursday's trading session as they slipped from last session's one-month high. The dollar index weakened and made bullion more attractive to foreign investors. July's CPI data was weaker than expected, leading markets to reposition on hopes that inflation rates had peaked.

However, Fed policymakers noted that they will continue to tighten monetary policy until price pressures are completely broken.

The ornamental metal is considered a hedge against inflation and the uncertainties of the political and economic situation. Still, raising US interest rates by the central bank will increase the opportunity cost of holding non-performing bullion.

Independent analyst, Ross Norman, notes that the metal has struggled to make meaningful progress despite the correction in the US Dollar Index and 10-year US Treasury bond yields.

The dollar index, a measure of the US dollar against a host of rival currencies, weakened and made the metal more attractive to overseas buyers.

11 August 2022
The Precious Metal Prices in Surat Increases

Gold prices rose in Surat despite losing their luster in the gold markets. The price of gold in Surat traded at Rs 47,000 for 10 grams of 22 carats and Rs 51,260 for 10 grams of 24 carats.

In international markets, spot gold was valued at $1,744 per ounce and US gold futures at $1,740 per ounce.

The metal slid for a fourth straight week yesterday as it was hit by the rising dollar and growing bets for the sharp rise in interest rates gained traction after positive US jobs report data. United States.

The precious metal has failed to attract safe-haven flows of late despite growing recession risks as investors have opted for the dollar, which has soared to trade at two-decade highs.

Analysts note that the jobs data tumbled the value of gold, already struggling after such a robust rally in the dollar. However, there is bargain hunting in the precious metal here.

In June, job growth in the United States exceeded expectations and the unemployment rate remained near pre-pandemic lows. The data signaled continued strength in the labor market, giving the U.S. central bank much-needed ammunition to undertake another 75 basis point hike in July.

9 July 2022
The Gold Prices in Surat Gains

Gold prices rose slightly in Surat following signals from gold markets due to the weak dollar. Gold rates in Surat were seen at Rs 47,580/- for 10 grams of 22 carats and Rs 51,900/- for 10 grams of 24 carats.

In the overseas scenario, spot gold was trading at $1,827.00 per ounce and US gold futures at $1,830.3 per ounce.

The dollar index, the measure of the US currency against a host of other currencies, fell more than 0.2%, boosting the metal's appeal.

Analysts note that they have recession risks and signs of an impending slowdown in global growth driving inflows into the metal as a safe-haven asset. On the other hand, the Fed pledged to bring down rising inflation by raising interest rates.

Commerzbank analyst - Carsten Fritsch noted that the Fed will raise interest rates aggressively and create headwinds for the yellow metal.

Analysts note that there is a confluence of forces pushing the metal back and forth, forcing it to stay within the small range.

25 June 2022
The Gold Prices in Surat Surges Up

The Precious metal prices in Surat rose today despite falling gold markets as the strong dollar capped growth in the precious metal.
In India, the prices of yellow metal prices in Surat were seen traded at Rs 47,760/- for 10 grams of 22 carats gold and Rs 52,130/- for 10 grams of 24 carats gold.
In global markets, spot gold was valued at $1,840 per ounce and US gold futures seen at $1,840.00 per ounce.

Gold and the dollar share an inverse relationship, the strong dollar prevents the price of the precious metal from rising and vice versa.

Today, the metal continued to slide as the robust Dollar weighed on demand for the ornamental metal amid the US market holiday shutdown. This is expected to lead to weak trading in today's trading session.

The dollar index has hovered near its high for the past two decades or so and has made dollar-priced bullion less attractive to currency holders in other countries.

Last week, the metal retreated as a stronger dollar and interest rate hikes by major central banks hurt the attractiveness of the ornamental metal. The yellow metal earns no interest.

20 June 2022
The Gold Prices in Surat Jumps

Gold prices Jumped in Surat despite a drop in bullion prices in international markets due to the strong dollar.

The prices of Yellow metal in Surat traded at Rs 47,800/- for 10 grams of 22 carats and Rs 52,150/- for 10 grams of 24 carats.

In the global forum, spot gold stood at $1,852.00 an ounce and US gold futures at $1,848.50 an ounce.

Spot prices fell today as a strong dollar and rising US Treasury yields weighed on demand for the precious metal. The ornamental metal had a volatile week as it slid around 1.1% after starting at the one-month high before registering a four-week decline on Tuesday.

Analysts note that the precious metal is currently stuck in the $1,800 range and is looking for direction. The safe-haven asset requires clarification on the impact of interest rate hikes at the moment.

This week, the US Federal Reserve announced the largest interest rate hike of 75 basis points since 1994 to rein in rising inflation. Rising rates in the United States have increased the opportunity cost of holding non-performing gold.

17 June 2022
Gold rates in Surat quoted at Rs. 47,160

22 karat gold rates fell by Rs. 160 and 24 karat gold prices fell by Rs. 100/10 grams today.

The price of 22 karat gold per gram is quoted at Rs. 4716 today, yesterday it was Rs. 4732. So, 100 grams of 22 karat gold today is quoted at Rs. 471600.

For 24 karat gold the rate is Rs. 5144 yesterday it was Rs. 5154. Today the price of 100 grams of 24 karat gold is quoted at Rs. 514400.

MKS PAMP believes there are two options for gold, the precious metal, which can fall to $1300/oz or rise to $4000/oz. However, rates will depend on how quickly the US Fed tightens monetary policy and raises the interest rate. The interest rates set by the central bank decide the yield of government bonds and ultimately the minds of investors are stirred by it.

Today, Comex gold futures were quoted at $1861.0 an ounce, gaining 0.10%, until the last trade. Yesterday it was last quoted at $1858.60/oz. Spot gold prices are quoted at $1861.40/oz, gaining 0.34%, until the last trade. In contrast, the spot market US dollar index came in at 103.67, down just 0.03%. In India, MCX gold in June was quoted at Rs. 51,000 grams, gaining 0.08%, until the last trade.

10 May 2022
Gold prices gains in Surat today

Gold price in Surat won by Rs. 400/10 g for 24K and 22K gold. Following the gains, 24K gold is priced at Rs. 49,900, while 22k gold is selling at Rs. 47,050 for 10g.

In international markets, spot gold around 8:00 p.m. (IST) or 9:30 a.m. New York time is trading with gains of 0.3% at $1,845.9. Similarly, February 22 gold futures around the same time also traded higher with a margin, but at $1844.1 an ounce. Gold prices continue to be firm near a 2-month high after the US Labor Department said on Thursday that weekly jobless claims rose by 55,000 to 2,86,000, above estimate revised from the previous week of 2 30,000 requests. Thus, an unexpected increase in the number of workers claiming unemployment benefits for the first time contributed to a weaker economic situation, increasing the attractiveness of bullion a little.

On Wednesday, gold recorded its best gains in 3 months as the weaker dollar as well as the growing geopolitical crisis in Ukraine increased bullion's appeal. Inflationary pressure around the world is also another trigger for bullion, with UK inflation reported on Wednesday hitting its highest level in 30 years. Remember that gold serves as a hedge against inflation.

Meanwhile, back home on the MCX, February gold futures are up Rs. 117 at Rs. 48,494 for 10g, while March silver contract is near l scale of Rs. 65,000 per kilogram.

20 January 2022
The gold rates in Surat remains constant

The gold rates in Surat have remained the same today as they were yesterday. The Comex gold futures contract rose 1.20% and was listed at $ 1756, while the spot gold price rose 0.23% and was listed at 1758 / oz. until 2:04 p.m. IST.

On the other hand, the US dollar index in the spot market fell 0.08% and remained at 94.29 at the same time. In India, Mumbai MCX gold in October gained 0.30% today until 2:25 pm IST and was listed at Rs. 47,190 / 10 grams. During the holiday season, IBJA tries to keep gold rates in a rising position.

The price of 22 karat gold per gram is Rs. 4,498 today, like yesterday. Thus, the gold rate of 100 grams to 22 carats is today quoted at Rs. 449,800.

For 24 karat gold per gram, the rate is Rs. 4,808 per gram today, like yesterday. Today, the price of 100 grams of 24 karat gold is listed at Rs. 480,800.

International gold rates immediately rose as the United States released weak employment data, expecting the economy to not recover as quickly as expected. But now international rates are under pressure again as US bond yields rise.

12 October 2021
Gold Prices are remains constant in Surat

Gold prices are held constant in Surat following signals from global markets amid weak US dollar and Treasury yields. Gold prices in Surat have been spotted at Rs.48,000/- for 10 grams of 22-carat gold and Rs.50,000/- for 10 grams of 24-carat gold.

In the global scenario, spot gold was seen at $ 1,895.20 an ounce; US gold futures at $ 1,876.40 an ounce.

The yellow metal traded flat on Friday as it is on its way to witness its third consecutive weekly gain, supported by the weak US dollar and subdued Treasury yields amid concerns galore over the downside from the US Federal Reserve.

Analysts note that investors are not too worried about the Fed's tightening of monetary policy at this time. The marginal decline in US bond yields has helped the precious metal trade at near recent highs.

From a technical standpoint, the haven bet has broken many resistance levels. Therefore, he reduced the bearish bias to some extent. The path of least resistance is on the upside and $ 1,900 will be the next logical target.

Ornamental metal prices stabilized after a few minutes from the US Central Bank's April data mentioned during possible future discussions on relaunching the cut. The situation has sparked speculation about an interest rate hike.

21 May 2021
Gold prices gains in Surat

Gold prices rose in Surat following signals from the bullion market where the metal traded little unchanged amid enlightened trading during the holidays. Gold prices in Surat traded at Rs.49,450/- for 10 grams of 22 carats and Rs.51,450/- for 10 grams of 24 carats.

In the overseas platform, spot gold was seen at $ 1,906.40 an ounce; US gold futures at $ 1897.90 an ounce.

The pandemic crisis has supported the strong recovery of the precious metal in the fiscal year 2020 as it marked its best year in a decade. Uncertainty surrounding the rapid spread of the coronavirus had held back growth in the global economy, forcing investors to take stakes in safe-haven stocks and ditch riskier assets.

Apart from that, the unprecedented stimulus package and lower interest rates put in place by central banks raised the value of the ornamental metal to over 24% in the fiscal year 2020 alone.

Gold, the yellow metal, is the best and safest form of investment in times of political and economic uncertainty. The metal serves as a hedge against inflation and currency degradation.

Senate Republican Majority Leader Mitch McConnell refused a quick Senate vote on a bill to increase U.S. relief checks to cap gains on the precious metal.

2 January 2021

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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