Gold Rate In Surat Today

  • Today's Gold Rate in Surat ( 24 Jan 2021 )

    ₹ 4,749
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Surat (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,749 ₹ 4,776 ₹ -27 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 37,992 ₹ 38,208 ₹ -216 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,986 ₹ 5,015 ₹ -29 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,888 ₹ 40,120 ₹ -232 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Jan 2021 ₹ 4,749 ₹ 37,992 ₹ 4,986 ₹ 39,888
    21 Jan 2021 ₹ 4,776 ₹ 38,208 ₹ 5,015 ₹ 40,120
    20 Jan 2021 ₹ 4,729 ₹ 37,832 ₹ 4,965 ₹ 39,720
    19 Jan 2021 ₹ 4,726 ₹ 37,808 ₹ 4,962 ₹ 39,696
    18 Jan 2021 ₹ 4,706 ₹ 37,648 ₹ 4,941 ₹ 39,528
    17 Jan 2021 ₹ 4,712 ₹ 37,696 ₹ 4,948 ₹ 39,584
    16 Jan 2021 ₹ 4,712 ₹ 37,696 ₹ 4,948 ₹ 39,584
    15 Jan 2021 ₹ 4,750 ₹ 38,000 ₹ 4,988 ₹ 39,904
    14 Jan 2021 ₹ 4,760 ₹ 38,080 ₹ 4,998 ₹ 39,984
    13 Jan 2021 ₹ 4,775 ₹ 38,200 ₹ 5,014 ₹ 40,112

    Weekly & Monthly Graph of Gold Rate in Surat

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price In Surat

    Surat is a port city situated on the banks of the Tapti river, and was a major seaport in the West India until the East India Company shifted the presidency to Bombay (now Mumbai). Surat is popularly known for its diamond cutting and polishing, textiles, and for diamond-studded gold jewellery manufacturing. Surat itself accounts for 90% of the world’s diamond cutting and polishing, 99.9% of the country’s total rough diamond cutting and polishing, and 90% of the country’s total diamond exports. The demand for gold in the city is boomed with the falling gold prices with a 5 year low mark. Like all cities in India, Surat’s demand is keeping up with the exports and manufacturing jewellery, and keeping up with the upcoming festivities like Teej, Diwali and the big Indian wedding season. Jewellers are expecting to have a good season this year despite the fall in price of the precious metal worldwide.

    Trend of Gold Rate in Surat for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate Rs.4,835 per gram
    December 31 Rate Rs.5,063 per gram
    Highest Rate in December Rs.5,120 per gram on 21 December
    Lowest Rate in December Rs.4,835 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.71%

    Trend of Monthly Gold Rate in Surat for December 2020:

    • Gold prices in Surat started off in the month of December at Rs.4,835 per gram for 24 karat gold.
    • The gold rate in Surat continued to increase steadily throughout the month, hitting the highest price point on 21 December at Rs.5,120 per gram.
    • Surat gold prices were on an upward incline throughout the month of December, closing the month at Rs.5,063 per gram with the lowest price point being on the first day of the month itself, at Rs.4,835 per gram.
    • The overall performance of gold in Surat in December was on a steady incline with a percentage change of 4.71% through the month.

    Trend of Gold Rate in Surat for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,162 per gram
    November 30 Rate Rs.4,879 per gram
    Highest Rate in November Rs.5,205 per gram on 7 November – 9 November
    Lowest Rate in November Rs.4,879 per gram on 28 November – 30 November
    Overall Performance Decline
    Percentage Change -5.48%

    Trend of Monthly Gold Rate in Surat for November 2020:

    • Showcasing a continuously fluctuating trend in November, gold prices opened the month at Rs.5,162 per gram on 1 November and hit its highest monthly price on 7 November at Rs.5,205 per gram with investors placing safer bets with the bullion market.
    • The price of gold declined throughout the rest of the month due to higher risk appetite amongst investors due to vaccine optimism. The demand for the precious metal gradually declined.
    • At the end of the month, gold price in Surat was at its lowest on 28 November at Rs.4,879 per gram and closed the month at the same rate, recording an overall decline percentage of 5.48.

    Trend of Gold Rate in Surat for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate Rs.5,159 per gram
    October 31 Rate Rs.5,162 per gram
    Highest Rate in October Rs.5,231 per gram on 12 October
    Lowest Rate in October Rs.4,914 per gram on 17 October and 18 October
    Overall Performance Incline
    Percentage Change 0.05%

    Trend of Monthly Gold Rate in Surat for October 2020:

    • In Surat, the month of October opened with gold price standing at the rate of Rs.5,159 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,231 on 12 October.
    • Over the rest of the month, gold rate in Surat remained unsteady and recorded its lowest price for the month on 17 October and 18 October when a gram of the 24-karat gold was being traded for Rs.4,914. Gold price closed the month at the rate of Rs.4,914 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 0.05%.

    Trend of Gold Rate in Surat for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,250 per gram
    September 30 Rate Rs.5,145 per gram
    Highest Rate in September Rs.5,311 per gram on 17 September
    Lowest Rate in September Rs.5,072 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2%

    Trend of Monthly Gold Rate in Surat for September 2020:

    • In Surat, the month of September opened with gold price standing at the rate of Rs.5,465 per gram. There was an increase of Rs.10 per gram when compared to the closing price of the previous day.
    • The price of gold witnessed an upward trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th September when a gram was retailing for Rs.5,712.
    • Over the rest of the month, gold rate in Surat remained unsteady and recorded its lowest price for the month on 29th September when a gram of the 24-karat gold was being traded for Rs.5,221. Gold price closed the month at Rs.5,240 per gram. The overall performance of the metal witnessed a declining trend wherein the percentage change stood at -4.46%.

    Trend of Gold Rate in Surat for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,465 per gram
    August 31 Rate Rs.5,240 per gram
    Highest Rate in August Rs.5,712 per gram on 8 August
    Lowest Rate in August Rs.5,221 per gram on 29 August
    Overall Performance Decline
    Percentage Change -4.46%

    Trend of Monthly Gold Rate in Surat for August 2020:

    • In Surat, the month of August opened with gold price standing at the rate of Rs.5,465 per gram. There was an increase of Rs.10 per gram when compared to the closing price of the previous day.
    • The price of gold witnessed an upward trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th August when a gram was retailing for Rs.5,712.
    • Over the rest of the month, gold rate in Surat remained unsteady and recorded its lowest price for the month on 29th August when a gram of the 24-karat gold was being traded for Rs.5,221. Gold price closed the month at Rs.5,240 per gram. The overall performance of the metal witnessed a declining trend wherein the percentage change stood at -4.46%.

    Trend of Gold Rate in Surat for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,943 per gram
    July 31 Rate Rs.5,455 per gram
    Highest Rate in July Rs.5,455 per gram on 31 July
    Lowest Rate in July Rs.4,919 per gram on 7 July
    Overall Performance Incline
    Percentage Change 10.3%

    Trend of Monthly Gold Rate in Surat for July 2020:

    • One gram of gold was priced at Rs.4,943 on 1 July. Gold had seen a lot of fluctuations in its price during the month and eventually settled at Rs.5,455 per gram on 31 July.
    • The gold price in Surat reached its highest on 31 July and was sold at Rs.5,455 per gram. The lowest gold rate in July had been on 7 July and the metal was sold at Rs.4,919 per gram.
    • The overall Surat gold price had seen an incline of 10.3%.

    Trend of Gold Rate in Surat for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,733 per gram
    June 30 Rate Rs.4,959 per gram
    Highest Rate in June Rs.4,959 per gram on 30 June
    Lowest Rate in June Rs.4,657 per gram on 8 June
    Overall Performance Incline
    Percentage Change 4.7%

    Trend of Monthly Gold Rate in Surat for June 2020:

    • The month of June started off with the precious metal being priced at Rs.4,733 per gram on 1 June. By the end of the month, gold was being priced at Rs.4,959 per gram.
    • The fears over a resurgence of the Coronavirus and a grim outlook on the economic by the U.S. Federal Reserve had increased the demand for the precious metal during the month. Many factors like the U.S. Federal Reserve's pledge to maintain low interest rates had led to the fluctuations in the rates of the metal during the month of June.
    • During the month, gold saw an overall increase in its price by 4.7%. The metal hit its lowest price on 8 June. On this day, the yellow metal was being retailed at Rs.4,657 per gram.

    Trend of Gold Rate in Surat for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,727 per gram
    Highest Rate in May Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Incline
    Percentage Change 0.59%

    Trend of Monthly Gold Rate in Surat for May 2020:

    • In May, the price of one gram of gold in Surat stood at Rs.4,699 per gram and even though there was an increase in the price of the precious metal during the week, the prices had fallen to Rs.4,694 by the end of this week. The hike in the prices had been because of the trade tensions between the U.S. and China. This had followed after the U.S. President had said that they would impose tariffs on China. The ease in restrictions of the lockdown in many economies across the world had improved the risk appetite of investors and this had driven the gold prices to fall. The lowest price for this month had been Rs.4,646 per gram on 2 May.
    • The next week of the month had kicked off with international prices reaching a 2-week high as investors had anticipated good figures from the U.S. non-farm jobs payroll data report. This week had launched with gold standing at Rs.4,694 per gram. The rates had then reduced as there had been a possibility of negative interest rates in the U.S. and this had been rejected by the government. The increasing tensions between U.S. and China had driven the gold prices to stay steady during this week.
    • The highest price for gold had been on 18 May and 19 May and during these days, the price had been Rs.4,883 per gram. This had been in response to the fears of a global recession. The U.S.-China trade tensions had also led to this price change. The rates of gold at the start of this week had been Rs.4,788 per gram and at the end of the week, the price was Rs.4,851 per gram. The rates had then been steady by a firm U.S. dollar, and an increase in economic stimulus measures by central banks across the world. The easing of the lockdown restrictions in a lot of countries, and also the anticipation of coronavirus vaccine had led to the price of gold to fluctuate throughout the week.
    • During the last week of the month, there had been a fall in the prices of the yellow metal as the Japanese equities had risen due to a potential stimulus package. Even though the risk appetite had increased, this had been held back by tensions around Hong Kong and this had led to a volatility in the stock market. The ease in restrictions and a firm U.S. dollar had helped in maintaining the appeal of safe-haven investments like gold. The price trend of gold in May in Surat had been an incline of 0.59%. Gold had closed at Rs.4,727 per gram on 31 May.

    Trend of Gold Rate in Surat for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,229 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,229 per gram from 1 April to 20 April
    Overall Performance Incline
    Percentage Change 12.57%

    Trend of Monthly Gold Rate in Surat for April 2020:

    • In Surat, the overall trend in the gold prices saw an increase of 12.57%. The month opened with the yellow metal standing at Rs.4,229 per gram on 1 April. This was the lowest rate that the metal had recorded in April. The price of gold had then remained at this figure for the next 19 consecutive days. Till 20 April, the rates of the yellow metal had been staggering at Rs.4,229 per gram. Having been held back by a strong U.S. dollar, the city saw the prices of the metal remaining the same for half of the month. These 19 days had witnessed a lot of investors waiting for the non-farm payrolls data to be released by the U.S. This would be their cues on the impact that the coronavirus had on the global economy.
    • By 21 April, the metal prices had increased by Rs.613. On this day, gold was being sold at Rs.4,842 per gram. The hike in the price of gold has been linked to investors adhering to the safe-haven metal as a refuge after the world had seen a deep slip fall in prices of the oil. This had, in turn, cropped up more fears over the world about an economic fallout on a global scale. A lot of countries had been under lockdown as the wide-spread coronavirus had been hovering over the world. By 22 April, the rates of gold had decreased to Rs.4,830 per gram.
    • The next few days saw a lot of fluctuations in the price of gold. After having reached Rs.4,757 per gram on 26 April, the price of gold had increased to Rs.4,846 per gram on 29 April. As equities had started to firm, there had been expectations for more economic stimulus measures being rolled out by banks. This had limited the losses. There had been a huge increase in risk appetite as a lot of stimulus measures had been released by Japan's central bank. A lot of countries had started easing the restrictions that had been in place for absorbing the impact of the coronavirus. These factors had eventually led to a fluctuation in the price of gold during the last week of April. The month had come to an end with the metal standing at Rs.4,761 per gram.

    Trend of Gold Rate in Surat for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,291 per gram
    March 31 Rate Rs.4,229 per gram
    Highest Rate in March Rs.4,497 per gram on 7, 8, 9, and 12 March
    Lowest Rate in March Rs.4,153 per gram on 18 and 19 March
    Overall Performance Decline
    Percentage Change -1.44%

    Gold Rate Trend in Surat for March 2020:

    • Gold prices stood at Rs.4,291 per gram on 1 March in Surat. The rates were down by Rs.88 for every gram when compared to the closing price of the previous month. The overall performance of the precious metal in the city witnessed a declining trend of 1.44% over the month.
    • The rates of the yellow metal were on an upward curve in the first week as it emerged from a major price decline. The increase in the prices was also accounted to investors hoping that the US Federal Reserve would cut the interest rates in a bid to combat the impact of coronavirus on the economy.
    • Gold recorded its highest price for the month on 7th March when a gram of the precious metal cost Rs.4,497. The rates remained unchanged for the next couple of days before dropping to Rs.4,446 per gram on 10th March as traders sold their assets in order to hoard cash.
    • The price of the yellow metal slipped further and recorded its lowest price on 18th March as investors continued to liquidate their positions in the precious metal despite the measures taken by the central bank to combat the impact of coronavirus on the global economy. In Surat, the rates closed at Rs.4,229 per gram.

    Trend of Gold Rate in Surat for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,194 per gram
    February 29 Rate Rs.4,379 per gram
    Highest Rate in February Rs.4,394 per gram on 23 and 24 February
    Lowest Rate in February Rs.4,163 per gram on 6 and 7 February
    Overall Performance Incline
    Percentage Change 4.41%

    Gold Rate Trend in Surat for February 2020:

    • Gold prices stood at Rs.4,194 per gram on 1 February in Surat. There was no change in the rates of the yellow metal when compared to the closing price of the previous month.
    • By the end of the opening week, gold prices slipped to its lowest for the month. The drop in the prices was accounted to reports of an anti-coronavirus drug.
    • The rates of the yellow continued to fluctuate until 14 February given the fact that stocks faltered, and dollar eased from a four-month high. Gold prices, however, increased from 16 February as safe-haven demand for gold increased drastically following reports that there was an increase in the number of new coronavirus cases and deaths due to it outside China.
    • In Surat, gold hit the highest mark for the month on 25 February with every gram costing Rs.4,425. The rates closed February at Rs.4,379 with the overall performance showing an incline of 4.41%.

    Trend of Gold Rate in Surat for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.4,023 per gram
    January 31 Rate Rs.4,194 per gram
    Highest Rate in January Rs.4,205 per gram on 7 January
    Lowest Rate in January Rs.4,023 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.25%

    Gold Rate Trend in Surat for January 2020:

    • Gold price stood at Rs.4,023 per gram on 1 January at Surat. This was the lowest recorded price for the metal in the city. The rates of the yellow metal witnessed an inclining trend over the month in the city as the price of the yellow metal fluctuated a lot.
    • With progress being made in terms of the signing of the US – Sino trade deal, the rates of gold touched its highest for the month on 9 January. Every gram of the 24-carat gold was retailed for Rs.4,256 on the mentioned date in the city.
    • The rates of the yellow metal slipped in Surat following as the bullion’s safe-haven appeal was dented as easing tensions between Washington and Tehran rekindled appetite for higher risk assets. As of 20 January, gold was retailed for Rs.4,095 per gram.
    • Gold rates in the city dropped to Rs.4,148 per gram on 30 January after increasing gradually in the final week of the month as the World Health Organization (WHO) declared coronavirus as a global epidemic. The rates closed the month at Rs.4,194 per gram with the overall performance being 4.25%.

    Gold investment avenues in Surat

    In Surat gold is purchased as an investment in forms of coins, bars, jewellery. They are bought for religious, auspicious and wedding related occasions. Since Surat is known for its diamond-studded gold jewellery manufacturing, the demand for gold for purposes is also a crucial investment.

    • Jewellery: People in India purchase jewellery for all kinds of occasions, such as festivals, weddings, religious functions and more. The jewellery pieces are purchased with the intention of having a liquid form of investment, and also serves the purpose of selling or mortgaging the jewellery. The rate of the selling at the time, is dependant of the purity and the current gold rate.
    • Gold coins: Another very common way of owning gold in India is purchasing gold coins based on it’s weight. They are available in most jewellers in the country and also with certain banks. Gold coins are generally purchased during auspicious occasions in India and serve as a form of blessing as well from elders. Gold coins can again be sold to jewellers if the holder needs liquid cash, but it will not be re-purchased by a bank.
    • Gold bars: This is another way of purchasing gold, and one of the many ways of investing in gold. This form of gold can be traded in international markets as well.

    Also Check Gold Price in NearBy Cities of Surat

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    Also Know: Silver Rate in Surat

    Read more on Gold

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    News About Gold Rate In Surat

    • Gold Static on Investor Caution and Dollar Rise

      Gold prices looked set for another week of poor performance as dollar gains capped gains the metal had made. Spot gold traded at a steady $1,312.56 per ounce while gold futures rose by a marginal 0.1% to trade at $1,315.40 per ounce. 

      Investors awaited news from the ongoing U.S.-China trade talks ahead of further involvement in the bullion market, which dented overall demand for the metal.  

      Uncertainties over Brexit continue to plague equity markets but a strong dollar has capped any possible gains for gold. Weak retail sales figures from the U.S. could also stop the recent spate of interest rate hikes by the Fed Reserve, which could boost demand for gold from non-dollar buyers and benefit the metal in the long run.

      15 February 2019

    • Gold Steady as Silver Surges on Local Demand Spike

      There was no change in gold rates but silver surged on burgeoning demand from industrial units. The industrial metal rose by Rs.380 to trade at Rs.37,740 per kg. Recent spikes in demand from coin makers and industry have seen silver rates surge by as much as Rs.1,200 over the past few days.

      Gold remained flat, trading at Rs.31,850 per 10 grams for 99.9 purity, while the 99.5 purity gold traded at Rs.31,700 for 10 grams. Sovereign gold rose by Rs.100 to trade at Rs.24,800 per 8 gram piece.

      Global gold prices continued to edge up, rising 0.6% to trade at $1,238.36 per ounce. U.S. gold futures also posted a 0.3% rise to $1,243.4 per ounce. With the dollar index weak after the G20 summit, there has been a steady rise in investor interest in bullion, which could continue into the new year.

      4 December 2018

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