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Gold Rate in Surat (21st October 2019)

Oct 21, 2019
₹ 3,764 /Gram(22ct) ₹ -9

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 ₹ 3,764 ₹ 3,773 ₹ -9
8 gram ₹ 30,112 ₹ 30,184 ₹ -72
10 gram ₹ 37,640 ₹ 37,730 ₹ -90
100 gram ₹ 3,76,400 ₹ 3,77,300 ₹ -900

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,876 ₹ 3,845 ₹ 31
8 gram ₹ 31,008 ₹ 30,760 ₹ 248
10 gram ₹ 38,760 ₹ 38,450 ₹ 310
100 gram ₹ 3,87,600 ₹ 3,84,500 ₹ 3,100

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

Date 22 Carat 24 Carat
Oct 21, 2019 ₹ 37,640 -90 ₹ 38,760 310
Oct 19, 2019 ₹ 37,730 -50 ₹ 38,450 -50
Oct 18, 2019 ₹ 37,780 0 ₹ 38,500 0
Oct 17, 2019 ₹ 37,780 50 ₹ 38,500 0
Oct 16, 2019 ₹ 37,730 0 ₹ 38,500 0
Oct 15, 2019 ₹ 37,730 290 ₹ 38,500 300
Oct 14, 2019 ₹ 37,440 -10 ₹ 38,200 -140
Oct 13, 2019 ₹ 37,450 10 ₹ 38,340 10
Oct 12, 2019 ₹ 37,440 -90 ₹ 38,330 -90
Oct 11, 2019 ₹ 37,530 -110 ₹ 38,420 -110

Weekly & Monthly Graph of Gold Price in Surat

Historical Price of Gold Rate in Surat

  • Gold Price Movement in Surat, September 2019
  • Gold Rates 22 Carat 24 Carat
    1 st September rate Rs.38,000 Rs.38,770
    30th September rate Rs.37,050 Rs.40,420
    Highest rate in September Rs.38,440 on September 30 Rs.40,420 on September 30
    Lowest rate in September Rs.36,710 on September 16 Rs.37,490 on September 16
    Over all performance Falling Rising
    % Change -2.50% +4.26%
  • Gold Price Movement in Surat, August 2019
  • Gold Price Movement in Surat, July 2019
  • Gold Price Movement in Surat, June 2019
  • Gold Price Movement in Surat, May 2019
  • Gold Price Movement in Surat, April 2019

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 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
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

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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