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Gold is an expensive and essential part of families in India. If you live in Surat or want to buy gold in Surat, you should know that gold prices in Surat change on a daily basis, like it does everywhere else. So before you set out to buy gold in Surat, you should know about the factors affecting the gold rate in Surat. 

Gold Price Per Gram in Surat

Gold has been prospering in the market of Surat and its demand has been rising steadily. While the gold price in Surat change on daily basis, it is advisable to stay updated about these rates if you intend to buy gold for whatsoever purpose.  Here are some of the prices of gold today in Surat.

Gram

24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹ 6,288

₹ 6,289

-₹ 1

10 Gram

₹ 62,880

₹ 62,890

-₹ 10

100 Gram

₹ 6,28,800

₹ 6,28,900

-₹ 100

22 & 24 Carat Gold Rate in Surat for the Last 10 Days

You can purchase gold for ornamental purposes or as an investment. If your intention is an investment, you can choose either of options:

  • Physical Gold

  • ETFs of gold

  • Derivative gold contract

 

To help you make a decision before investing in gold, here are the gold rates in Surat during a ten-day period which will help you understand the daily fluctuations in its price.

 

Date

STANDARD GOLD 22K

PURE GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

Feb 28, 2024

₹ 5,764.00

₹ 57,640.00

₹ 6,288.00

₹ 62,880.00

Feb 27, 2024

₹ 5,765.00

₹ 57,650.00

₹ 6,289.00

₹ 62,890.00

Feb 26, 2024

₹ 5,765.00

₹ 57,650.00

₹ 6,289.00

₹ 62,890.00

Feb 25, 2024

₹ 5,775.00

₹ 57,750.00

₹ 6,300.00

₹ 63,000.00

Feb 24, 2024

₹ 5,775.00

₹ 57,750.00

₹ 6,300.00

₹ 63,000.00

Feb 23, 2024

₹ 5,755.00

₹ 57,550.00

₹ 6,278.00

₹ 62,780.00

Feb 22, 2024

₹ 5,755.00

₹ 57,550.00

₹ 6,278.00

₹ 62,780.00

Feb 21, 2024

₹ 5,765.00

₹ 57,650.00

₹ 6,289.00

₹ 62,890.00

Feb 20, 2024

₹ 5,740.00

₹ 57,400.00

₹ 6,261.00

₹ 62,610.00

Feb 19, 2024

₹ 5,750.00

₹ 57,500.00

₹ 6,272.00

₹ 62,720.00

Gold Rate Calculator

The gold rate calculator helps you in determining the value of gold. All you have to do is enter the gold's weight, measurement unit, location, and purity. The calculator will instantly display the value of gold on the screen as per the information you have mentioned.

Gold Investment in Surat

Gold prices in Surat vary from the gold rates in other cities due to various reasons like conveyance charges, octroi charges, etc. Apart from these, the central and state government also levies certain taxes on every purchase and sale of gold in India. So if you are willing to make an investment in gold in Surat, check out the daily gold price in Surat for 22 and 24 carats.

 

Gold is a liquid asset in its solid form, it may be found in coins, bars, and jewellery. There are numerous ways to invest in gold today, ranging from bullion to exchange-traded funds (ETFs).

 

Unlike other stocks or bonds, gold will not pay a monthly or annual dividend. Investing in gold has several advantages, including security and flexibility. This is something that no other asset can provide. It would be better if they went for gold.

Points to Remember When Buying Gold in Surat

When you are looking at the gold rate today in Surat, you need to consider some factors before you make purchases, like the following:

  • Check Purity of Gold: Irrespective of the quantity of gold being purchased, it is extremely important for you toi be aware of the quality of the yellow metal.

  • Get a Proof of Purchase: No matter in which form you purchase gold be it, coins or jewellery, it is important that you collect the invoice which acts as a proof of purchase. The invoice also is also handy if you decide to resell the gold. The invoice will provide details about the following:

  1. Purity and hallmark

  2. Pricing

  3. Details of the seller, like GST number and contact

  4. The weight of metal and making charges

  • Making Charges: As a buyer you should be aware of the making charges added by the seller as they are not standardised charges. This allows sellers to charge as they please.

Factors That Affect Gold Prices in Surat

Many people in Surat regard gold as a symbol of wealth and rank, and gold is also an essential part of many rituals. Gold is employed in Surat's rural areas for practical reasons, mobility, and as a form of investment security. These circumstances in Surat explain people's desire for gold and market conditions and how the gold price in Surat is changing.

In Hindu and Jain traditions, gold is considered lucky. According to their customs, they have a few occasions/festivals that are notably commemorated by purchasing gold on Akshaya Tritiya.

 

Some of the external factors that affect the gold price are:

  • Inflation: Inflation alone does not increase the price of gold. However, during inflation, the purchase of gold shoots up while it acts as a security tool. As the demand for gold increases, its rate also goes up.

  • Rates of Interest: When interest rates go up, gold prices go down. This would be the best time to purchase gold.

  • Reserves of the Government: The Government of India keeps gold aside as reserves this keeps the gold rate stable. And as  more gold is purchased by the government, the price of the metal shoots up.

Read More

How is the Purity of Gold Determined?

Surat is the state's economic centre and a former princely state in Gujarat. There are many consumers for imitation jewellery in Surat, but it is not gold. Imitation jewellery is jewellery that appears to be real but isn't. Imitation jewellery is made of inexpensive metals that are then coated in a costly metal like gold or silver.

 

This imitation jewellery is far less expensive than genuine jewellery on the market. Few people in Bangalore believe that it is a cost-effective, budget-friendly solution. It's also known as gold-plated jewellery since the gold plating makes it look as if it's authentic jewellery. Every day, a new crop of fashionable models emerges, and there will be no worry about these valuables being stolen.

 

As a result, the majority of young people prefer to do so. This imitation is not sold in regular jewellery stores, and only a few stores sell one-gramme gold or gold-plated jewellery. However, this type of jewellery is not preferred by investors or other individuals who purchase gold as an investment. This piece of jewellery has no resale value. Changes in the gold price in Surat will not affect this jewellery.

GST Impact on Gold Rate in Surat

Gold prices in Surat are determined mainly by two factors: international gold prices and currency fluctuations. As a result, if the rupee depreciates against the US dollar, gold prices in Surat will rise. On the other hand, if gold prices rise internationally, gold rates in Surat will increase as well. As a result, keeping an eye on gold rates in the international market is critical for determining the trend in domestic markets. Keep an eye on the MCX, which is where gold is traded in the futures market. Doing this will provide you with a fair picture of the gold trend in Surat.

 

Overall, always double-check prices before purchasing gold. If prices have risen too quickly, simply wait for them to fall before purchasing. A better approach would be to acquire gold at regular intervals and average out the costs.

FAQs on Gold Rate in Surat

What are the factors that determined the gold rate in Surat?

Transportation costs, octroi charges, and central and state taxes are some of the factors that determined the gold rate in Surat.

What are the important things to remember before purchasing gold in Surat?

Some of the important things to remember before purchasing gold in Surat -

  • Check the purity of gold 

  • Ensure the right weight of the ornaments

  • Know the making charges

  • Check the authenticity of the gold trader

  • Find out if they have a buy-back option

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