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Gold Rate in Surat (1st August 2021)

Aug 1, 2021
4,750 /Gram(22ct) -25

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 4,750 4,775 -25
8 gram 38,000 38,200 -200
10 gram 47,500 47,750 -250
100 gram 4,75,000 4,77,500 -2,500

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram 4,950 4,976 -26
8 gram 39,600 39,808 -208
10 gram 49,500 49,760 -260
100 gram 4,95,000 4,97,600 -2,600

* 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
Jul 31, 2021 47,500 -250 49,500 -260
Jul 30, 2021 47,750 350 49,760 360
Jul 29, 2021 47,400 100 49,400 100
Jul 28, 2021 47,300 200 49,300 200
Jul 27, 2021 47,100 -200 49,100 -200
Jul 26, 2021 47,300 100 49,300 100
Jul 25, 2021 47,200 0 49,200 0
Jul 24, 2021 47,200 0 49,200 0
Jul 23, 2021 47,200 110 49,200 110
Jul 22, 2021 47,090 -310 49,090 -310

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, July 2021
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.46,500 Rs.48,500
    31st July rate Rs.47,500 Rs.49,500
    Highest rate in July Rs.47,760 on July 30 Rs.49,760 on July 30
    Lowest rate in July Rs.46,500 on July 1 Rs.48,500 on July 1
    Over all performance Rising Rising
    % Change +2.15% +2.06%
  • Gold Price Movement in Surat, June 2021
  • Gold Price Movement in Surat, May 2021
  • Gold Price Movement in Surat, April 2021
  • Gold Price Movement in Surat, March 2021
  • Gold Price Movement in Surat, February 2021
  • Gold Price Movement in Surat, January 2021

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 in Surat fall

Despite a little increase across India, gold prices were lower in Surat.

Meanwhile, the price of gold fell on the worldwide market. Gold futures were down 0.2 percent to USD 1,808.10 per ounce, while spot gold was down 0.2 percent to USD 1,806.56 per ounce.

 In Surat , 10 grams of 22-carat gold costs Rs 48,710, while 24-carat gold costs Rs 50,210. In August of last year, gold reached a new high of 56,200 rupees in India. Gold futures for August delivery fell Rs 225, or 0.47 percent, to Rs 47,869 per 10 grams on the Multi Commodity Exchange. Analysts linked the drop in gold prices on players reducing their stakes.

The strengthening of the dollar against the rupee may have an impact on gold's price today, reflecting a higher gold price in domestic markets 

During times of economic or geopolitical crisis, gold may enjoy increased investment demand. During times of war or geopolitical turmoil, for example, spot gold may increase upward. In terms of economics, a stock market crash or bear market could result in increased demand for gold.

21 July 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
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

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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