Surat is a port city famous for its diamond cutting and polishing business, textiles, chemical dyeing and other industries. As a city of business-owners, there is a continuous demand for gold for both consumption and investment purposes. Also, the festive season has just concluded, and the wedding season is about to begin in Surat.

Buying gold at any point of time depends on today’s gold rate in Surat. Customers looking to make jewellery must be aware of the price of gold in the ‘Diamond City’. Similarly, those looking to invest in gold must keep a tab on the rate movements for 24K gold in Surat. This way, they can make informed decisions about purchasing gold.

Gold Price in Surat for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Surat - (Today & Yesterday)

If you're planning for gold investment, check and compare the 22 carat gold rate in Surat. Consider taking look at the following information given below:

Gram Today Yesterday Price Change
Gold rate for 1 gram ₹ 6,656 ₹ 6,647 ₹ 9
Gold rate for 10 gram ₹ 66,560 ₹ 66,468 ₹ 92
Gold rate for 12 gram ₹ 79,872 ₹ 79,762 ₹ 110

Today 24 Carat Gold Price Per Gram in Surat - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Surat. Check the following table as given below:

Gram Today Yesterday Price change
Gold rate for 1 gram ₹ 7,266 ₹ 7,256 ₹ 10
Gold rate for 10 gram ₹ 72,664 ₹ 72,563 ₹ 101
Gold rate for 12 gram ₹ 87,197 ₹ 87,076 ₹ 121

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Surat For The Last 10 Days

Gold is an international commodity whose price is influenced by several domestic and international factors. Along with this, demand-supply conditions and individual preferences also have a  strong bearing on its price. As a result, the price of gold in Surat also fluctuates daily. Buyers in Surat often face the challenge of determining the optimal day to purchase gold items at the best price. The gold price in Surat today could be higher or lower than yesterday and even tomorrow.  As a result, customers may pay more on one day when they could pay less on another day. In such cases, it helps to know the gold rate over the past 10 days and the direction it is likely to take to time their purchase of gold. 

The table below indicates the prices of gold for 22K and 24K purity in Surat for the past 10 days.

Day 22K Pure Gold 24K Pure Gold
12 Jul, 2024 ₹ 6,656 ₹ 7,266
11 Jul, 2024 ₹ 6,646 ₹ 7,256
10 Jul, 2024 ₹ 6,651 ₹ 7,261
09 Jul, 2024 ₹ 6,626 ₹ 7,234
08 Jul, 2024 ₹ 6,663 ₹ 7,274
05 Jul, 2024 ₹ 6,653 ₹ 7,264
04 Jul, 2024 ₹ 6,638 ₹ 7,246
03 Jul, 2024 ₹ 6,615 ₹ 7,222
02 Jul, 2024 ₹ 6,567 ₹ 7,169
01 Jul, 2024 ₹ 6,583 ₹ 7,187

Monthly and Weekly Trends of Gold Rate in Surat

Explore the monthly and weekly trends of the gold rate today for 22K in Surat on different websites as published by news dailies and online resources. These websites offer comprehensive guides and valuable insights into the current gold market trends. Accessing this information empowers you to make well-informed decisions based on the latest updates on gold rates in Surat.

Gold Price Calculator in Surat

Gold should be minimum 0.1 grams

Gold value: ₹ 6,656.00

What is the Current Gold Rate Trend in Surat?

Surat is a port city known for its diamond cutting and polishing, textile business and exports of synthetic goods. Besides this, there are other industries engaged in zari (embroidery works), chemical dyeing, printing and allied engineering equipment manufacturing too. Surat is also home to leading businesspeople and these factors have contributed to a steady increase in the rate of gold. The current gold rate in Surat, for 22K and 24K gold, is also on a steady rise owing to the ensuing wedding season and the recently-concluded festive season. 

Importance of Checking Gold Rate Today in Surat Before Buying

Gold is a global commodity that is influenced by a host of domеstic and intеrnational factors.  Checking what the gold ratе today in Surat can cеrtainly hеlp you in planning your purchase.  Daily fluctuations in gold pricеs impact markеt valuеs, and staying updatеd hеlps buyеrs capitalisе on favorablе ratеs. Whеthеr for jewellery or investment, monitoring thе gold ratе today in Surat safеguards against ovеrpaying and enhances thе ovеrall valuе of thе transaction.  Smart buyеrs leverage this information to navigate market dynamics, ensuring cost-еffеctivе acquisitions and maximising rеturns on thеir gold invеstmеnts in Surat. 

Factors that Affect the Gold Prices in Surat

Gold prices in Surat change in response to the production of gold in the world, its global demand and supply, economic and political factors around the world, and changes in exchange rates. In the home market, state taxes and levies such as octroi, national and local bullion associations, dominant jewellers, RBI’s gold reserve, inflation, and the central bank’s monetary policies affect the gold prices in Surat. Hence, today, the gold rate in Surat for 22 carat will be slightly different from what it was yesterday and what it could be tomorrow.  

How is Gold’s purity determined?

The Bureau of Indian Standards evaluates the purity of gold, or what is called the ‘karatage’ and today’s gold rate in Surat per gram through the hallmarking system of certification. The dealers are mandated to mention the hallmark symbol of purity in all their products. The laboratory where gold jewellery is assessed for its purity is also required to put its logo on the jewellery. Measured on a scale of 1 to 24, the karatage or ‘cartage’ in some countries, is an indicator of the purity level of gold. It is a ratio of  pure gold to the total alloy content. Thus we have pure gold, which is 24K, followed by 22K gold and 18K gold. Buyers also need to check the 916 gold rate in Surat before making a decision to invest in gold. 

1 Gram Gold Price in Surat: How is it Calculated?

Understanding gold prices and calculation methods in Surat is important. There are two methods of valuing 1 gram of gold in Surat. 

1. The Purity Method (Percentage): Gold value = (Gold purity x weight x gold content) / 24 

2. The Karat Method Gold Value = (Gold purity x weight x gold) / 100.

These methods not only help in buying and selling, but also in valuing gold loans in Surat. In addition to these considerations, factors such as the purity of the gold, its demand and supply, and current trends influence the quantity of 916 gold rate in Surat for jewellery making. 

Reasons Why Gold Rates Differ Between Surat and Other Cities

The gold rate per gram in Surat varies from other cities due to factors such as, taxes, transportation costs, purity levels, and local demand and supply. Significant among these factors, is the impact of logistics and transportation expenses on its price across cities. Additionally, variables such as import duty, currency fluctuations, and geopolitical events contribute to the divergence in gold rates. It is essential for residents in Surat to consider these factors when assessing the gold rate per gram, recognizing the city-specific dynamics that shape the pricing structure.

Gold Rates in Surat FAQs:

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