• Gold Rate In Surat

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,043 ₹ 24,344 ₹ 3,195 ₹ 25,560
    09 Dec 2018 ₹ 3,043 ₹ 24,344 ₹ 3,195 ₹ 25,560
    08 Dec 2018 ₹ 3,043 ₹ 24,344 ₹ 3,195 ₹ 25,560
    07 Dec 2018 ₹ 3,035 ₹ 24,280 ₹ 3,187 ₹ 25,496
    06 Dec 2018 ₹ 3,035 ₹ 24,280 ₹ 3,187 ₹ 25,496
    05 Dec 2018 ₹ 2,999 ₹ 23,992 ₹ 3,149 ₹ 25,192
    04 Dec 2018 ₹ 2,999 ₹ 23,992 ₹ 3,149 ₹ 25,192
    03 Dec 2018 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    02 Dec 2018 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    01 Dec 2018 ₹ 2,984 ₹ 23,872 ₹ 3,133 ₹ 25,064

    *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 Rate 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 October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,138 per gram
    October 31 Rate Rs.3,282 per gram
    Highest Rate in October Rs.3,288 per gram on 30 October
    Lowest Rate in October Rs.3,138 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 4.58%

    Trend of Gold Rate in Surat for September 2018 (rates per gram)

    Parameters Gold price (24 carat)
    September 1 Rate Rs.3,120 per gram
    September 30 Rate Rs.3,138 per gram
    Highest Rate in September Rs.3,174 per gram on 26 and 27 September
    Lowest Rate in September Rs.3,108 per gram from 3-5 September
    Overall Monthly Performance Incline
    Percentage Change 0.57%

    Trend of Gold Rate in Surat for August 2018 (rates per gram)

    Parameters Gold price (24 carat)
    August 1 Rate Rs.3,078 per gram
    August 31 Rate Rs.3,103 per gram
    Highest Rate in August Rs.3,108 per gram on 28 and 29 August
    Lowest Rate in August Rs.3,026 per gram on 17 August
    Overall Monthly Performance Incline
    Percentage Change 0.81%

    August 2018 - Week 1 (1 - 5):

    • The month began with gold in Surat trading at Rs.3,078 per gram on the 1st with steady investor demand ahead of the US Federal Reserve’s monetary policy meeting.
    • Gold rate in Surat remained unchanged at Rs.3,078 per gram on the 2nd before plunging to Rs.3,051 per gram on the 3rd amid the strengthening US dollar.
    • With the US dollar gaining against a basket of other emerging currencies ahead of the US Fed statement, demand for the metal plunged considerably during the week.
    • The week came to an end with the gold price in Surat holding at Rs.3,036 per gram on the 5th with subdued but steady demand from local jewellers and industries amid the weak trend overseas.

    August 2018 - Week 2 (6 - 12):

    • Trading commenced for the week with gold rate in Surat holding at Rs.3,036 per gram on the 6th amid poor global cues.
    • However, with the US employment data indicating a drop in the number of US jobs contributing to the nation’s economy, the dollar dropped during the week.
    • Positive market trends overseas coupled with steady investor demand led to gold in Surat being priced at Rs.3,046 per gram and Rs.3,051 per gram on the 8th and the 9th.
    • Strong domestic demand coupled with favourable market cues globally led to gold price in Surat holding steady at Rs.3,051 per gram for the remainder of the week.

    August 2018 - Week 3 (13 - 19):

    • The week opened with gold rate in Surat standing at Rs.3,051 per gram on the 13th with domestic bullion markets capitalising on the previous week’s gains.
    • With the US greenback losing against other apex currencies, demand for the metal surged during the week.
    • This led to gold in Surat being priced at Rs.3,062 per gram on the 14th before surging to Rs.3,072 per gram on the 15th amid the positive trend overseas.
    • However, with the US dollar regaining lost ground over the next few days, investor demand for the metal dropped significantly. This led to gold in Surat being priced at Rs.3,026 per gram - the lowest recorded monthly figure - on the 17th.
    • Poor trends overseas coupled with declining demand led to gold rate in Surat finishing at Rs.3,026 per gram on the 19th.

    August 2018 - Week 4 (20 - 26):

    • The fourth week began with gold in Surat priced relatively higher at Rs.3,036 per gram on the 20th as the US dollar stabilised amid the rising trade war concerns.
    • Gold continued to trade at the same rate before surging by Rs.10 to Rs.3,046 per gram on the 22nd amid the positive trend overseas.
    • With President Trump criticizing the US Federal Reserve decision to raise interest rates, the greenback tumbled. This led to investors banking on the bullion during the week.
    • The week ended with gold rate in Surat holding at Rs.3,056 per gram on the 26th with steady demand from market participants amid positive global cues.

    August 2018 - Week 5 (27 - 31):

    • When trading commenced for the last week, gold price in Surat was recorded holding at Rs.3,057 per gram on the 27th with steady demand from local industries, jewellers and retailers amid the firm trend overseas.
    • With the US dollar losing considerably against a basket other major currencies, demand for the metal surged.
    • Gold in Surat was recorded trading at Rs.3,108 per gram on the 28th which continued to be priced at the same rate the next day ahead of the US Federal Reserve chairman statement.
    • Trading closed for the month with gold rate in Surat holding slightly lower at Rs.3,103 per gram on the 31st with subdued but steady demand from domestic jewellers and retailers.
    • Surat registered an incline of 0.81% in gold trade during the course of the month.

    Trend of Gold Rate in Surat for July 2018 (rates per gram)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,138 per gram
    July 31 Rate Rs.3,078 per gram
    Highest Rate in July Rs.3,071 per gram on 6 July
    Lowest Rate in July Rs.2,986 per gram from 29 - 31 July
    Overall Monthly Performance Decline
    Percentage Change -1.91%

    July 2018- Week 1 (1-6)

    • The month began with the Gold rate standing at Rs.3,138 per gram, a slight drop from the last month which can be associated with the dollar price strengthening.
    • Gold prices crept up slightly on 5 July to Rs.3,149 per gram as the dollar dropped slightly, and trade policies regarding the Federal Reserve increasing interest rates created tension in the economy.
    • Gold rates rose marginally over the following few days as the dollar eased ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
    • The Gold rate for Surat remained stable at the end of the week as it stood at Rs. 3,149 per gram.

    July 2018- Week 2 (7-13)

    • The precious metal started off at Rs.3,154 at the beginning of Week 2, a slight increase from the end of last week, that can be associated to a slight decline in dollar rates.
    • In spite of the dollar weakening, Gold rates in Surat declined as well for the next few days at Rs.3,149 per gram from 8 - 10 July.
    • The price of the metal in Surat declined further caused due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 12 and 13 July stood at Rs.3,036 and Rs.3,144 per gram respectively.
    • The price of the metal in Surat, at the end of Week 2, remained at Rs.3,144 per gram.

    July 2018- Week 3 (14-20)

    • Gold price in Surat commenced at Rs.3,144 at the start of Week 3, equivalent to the price of the metal at the end of Week 2.
    • The dollar price continued to climb, which did not have a substantial effect on the gold price in Surat for the coming few days. As on 14 July up to 17 July, the Gold rate stood at around Rs.3,108 per gram.
    • Even weak demand for the precious metal unaffected its rate in Surat.
    • US dollar dropped from a three-week high on 19 July, which surprisingly lead to the detriment of Gold rates in Surat. It stood at Rs.3,105 per gram on 19 July.
    • At the end of the week, the Gold rate in Surat stood at Rs.3,083 per gram.

     

    July 2018- Week 4 (21-31)

    • The week started off with the Gold price in Surat amounting to Rs.3,083 per gram, the same price as recorded at the end of Week 3.
    • US dollar declined to a two-week-low on 23 July, which led to the increment in the Gold prices in Surat. The Gold rate on 23 July stood at Rs.3,098 per gram.
    • On 24 July the US treasury yields rose, which led to the decrement of Gold rates in Surat. The Gold rate stood stagnant at Rs.3,098 per gram.
    • On 26 July, the Gold rate decreased despite a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Surat stood at Rs.3,087 per gram.
    • The Gold rate then deteriorated further, and at the end of the month, the price in Surat was recorded at Rs.3,078. The percentage change of Gold rate in Surat was recorded to be -1.91%.

    Trend of Gold Rate in Surat for June 2018 (rates per gram)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,203 per gram
    June 30 Rate Rs.3,159 per gram
    Highest Rate in June Rs.3,206 per gram on 2 June
    Lowest Rate in June Rs.3,149 per gram from 23 to 25 June and on 28 June
    Overall Monthly Performance Decline
    Percentage Change 1.37%

    June 2018 - Week 1 (1 - 10):

    • Gold was priced at Rs.3,203 per gram when the month of June opened for trading in Surat.
    • On the 2nd, gold rate in Surat went up to Rs.3,206 per gram - the month’s highest rates - as demand for the metal surged.
    • Rates were affected this week vastly due to positive data in the US and also the buoyant market after it was announced that the Federal Reserve will look to increase the interest rates later in the year.
    • All these factors combined pushed gold rates down over the course of the month.
    • As the US dollar seemed to increased after the latest jobs data arrived, gold rates took a tumble, after the data revealed a positive growth.
    • The 3rd saw gold rates drop to Rs.3,165 per gram before continuing at this rate the next day too before going up to Rs.3,170 per gram on the 6th.
    • With disagreements between the G7 rising, markets tumbled, this caused gold rates to rise to Rs.3,180 per gram before dropping to Rs.3,170 per gram the next day.
    • The week ended with gold price in Surat holding at Rs.3,170 per gram.

    June 2018 - Week 2 (11 - 17):

    • The second week began with gold opening at Rs.3,170 per gram - no change from the previous day’s rates.
    • On the 13th, gold rates went up to Rs.3,190 per gram as there was a brief surge in demand owing to an unstable market.
    • Gold continued at Rs.3,190 per gram on the 16th as demand was steady before holding at the same rate on the final day of the week.

    June 2018 - Week 3 (18 - 24):

    • Third week’s trading commenced with gold opening at Rs.3,179 per gram due to poor demand after news that the Fed Reserve would hike interest rates.
    • As retail demand rose, gold rates went up to Rs.3,182 per gram on the 19th before going up to Rs.3,189 per gram on the 22nd.
    • The metal traded at Rs.3,149 per gram on the 23rd as the US dollar surged ahead of a positive index and gold demand plummeted.
    • When the week drew to a close, gold rates were holding at Rs.3,149 per gram as the dollar did not let up and gold demand failed to pick up due to this.

    June 2018 - Week 4 (25 - 30):

    • When trading commenced for the final week of June, on the 25th, gold was priced at Rs.3,149 per gram.
    • This went up to Rs.3,154 per gram on the 26th as local demand went up despite a poor trend overseas.
    • On the 27th, gold continued to trade at Rs.3,154 per gram before dropping to Rs.3,149 per gram on the 28th after the US dollar rose.
    • When the month came to an end, gold prices had inclined to finish at Rs.3,159 per gram - a Rs.10 incline from the previous day.
    • Gold price trends declined by 1.37% this month, thanks to weak demand brought about by a strong dollar.

    Trend of Gold Rate in Surat for May 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,227 per gram
    May 31 Rate Rs.3,206 per gram
    Highest Rate in May Rs.3,242 per gram on 14 May
    Lowest Rate in May Rs.3,191 per gram on 22 and 23 May
    Overall Monthly Performance Decline
    Percentage Change -0.65%

    May 2018 - Week 1 (1st - 6th)

    • Gold was priced at Rs.3,227 per gram when trading commenced for the month of May.
    • This dropped considerably to Rs.3,203 per gram by the 3rd as the US dollar surged against a basket of other currencies and local demand took a hit.
    • Gold prices in Surat went further down to Rs.3,190 per gram as the US dollar strengthened further due to a strong showing the the equity markets.
    • On the 6th, the final day of this week, gold rates surged to Rs.3,213 per gram as demand from the local market surged considerably.

    May 2018 - Week 2 (7 th- 13th)

    • When the second week of May began in Surat, gold was still priced at Rs.3,213 per gram, which surged to Rs.3,228 per gram on the 8th as demand increased amid trade war concerns between the US and China.
    • On the 9th, prices dropped to Rs.3,217 per gram as local demand dropped briefly before rising the next day for the metal to trade at Rs.3221 per gram.
    • As there was a steady demand for the metal over the next few days, the yellow metal continued to trade at Rs.3,221 per gram till the closing hours of the week.

    May 2018 - Week 3(14 th -20th)

    • The third week of May began on the 14th with gold being priced at Rs.3,242 per gram - a Rs.21 incline from the previous day’s rates.
    • The surge in prices could be attributed to a sudden surge in local demand amidst strong cues from the global market. Rates seen on the 14th were also the highest figure for the month.
    • Gold demand consolidated slowly over the next few days as a result of which, prices went down to Rs.3,239 per gram on the 15th before continuing ast this rate the next day.
    • The precious metal’s rates continued to plunge over the remaining few days of the week, with prices first dropping to Rs.3,227 per gram on the 17th before dropping further to Rs.3,227 per gram on the 18th of the month.
    • As demand for the metal was weak, gold rates dropped further and was recorded at Rs.3,200 per gram on the final day of this week.

    May 2018 - Week 4 (21st - 27th)

    • When trading commenced for May week 4, the yellow metal was priced at Rs.3,208 per gram as trends from the overseas market was steady.
    • However, a rise in the US dollar on the 22nd of this month saw gold rates drop to Rs.3,191 per gram. Due to stable purchases, prices continued to hold at Rs.3,191 per gram on the 23rd as well.
    • There was a brief increase in retail demand in the city, which caused rates to go up to Rs.3,201 per gram on the 24th.
    • Prices went up on the 25th as well to Rs.3,211 per gram and then to Rs.3,221 per gram the next day.
    • The week ended with gold trading at a much subdued price of Rs.3,216 per gram.

    May 2018 - Week 5 (28th - 31st)

    • The final week of May recorded changes on all days of the week. When trading started for the 28th, the yellow metal was priced at Rs.3,216 per gram, which dropped to Rs.3,195 per gram as the dollar regained its lustre against other major currencies.
    • On the final day of May, gold was seen trading at a much subdued rate of Rs.3,206 per gram.
    • Overall, poor cues towards the end of the month caused gold rate trends to drop by 0.65% this month.

    Trend of Gold Rate in Surat for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    April 1 Rate Rs.3,154 per gram
    April 30 Rate Rs.3,227 per gram
    Highest Rate in April Rs.3,247 per gram on 20 and 21 April
    Lowest Rate in April Rs.3,154 per gram on 1 and 2 April
    Overall Monthly Performance Incline
    Percentage Change 2.16%

    April 2018 - Week 1 (1st - 7th)

    • April’s trading saw gold rates rise at a significantly better rate than the previous month.
    • On the 1st, when April’s trading commenced, gold was priced at Rs.3,154 per gram. This rose to Rs.3,162 per gram on the 3rd as demand increased after the US President Donald Trump nearly sparked a trade war with China.
    • With markets struggling in the aftermath, gold capitalised. Sales soared and the precious metal’s rates surged up to Rs.3,182 per gram on the 4th.
    • As this demand couldn’t be sustained, amid poor stimulus in the local market, rates fell to Rs.3,161 per gram on the 5th.
    • Demand continued to tumble, pushing gold rates in Surat down to Rs.3,150 per gram, and the metal traded at this rate over the 6th and the 7th.

    April 2018 - Week 2 (8th - 15th)

    • This week’s trading started with gold prices rising to Rs.3,159 per gram - a Rs.9 increase compared to the previous day’s rates.
    • Local demand rose on the 9th - and rates surged to Rs.3,186 per gram to record a massive Rs.27 increase in a single day.
    • Rates increased even more on the 10th, pushing gold rates up to Rs.3,216 per gram. But, as demand slowed down amidst a recovering dollar, rates suffered.
    • The metal traded at Rs.3,190 per gram on the 13th before rising to Rs.3,200 per gram on the final day of the week.

    April 2018 - Week 3 (16th - 22nd)

    • The third week saw gold demand rise, and rates even hit the highest monthly figure this week.
    • On the 16th, the yellow metal was priced at Rs.3,200 per gram.
    • The 17th saw gold trade a slightly better price of Rs.3,205 per gram, before the airstrikes on Syria pushed safe-haven demand up.
    • This caused gold rates to hit Rs.3,221 per gram on the 18th.
    • The metal traded at Rs.3,221 per gram the next day as well before another rise was recorded on the 20th, reaching the monthly high price of Rs.3,247 per gram.
    • After demand dropped and markets began to stabilise, prices went down to Rs.3,237 per gram on the 22nd.

    April 2018 - Week 4 (23rd - 30th)

    • Over the final week of April, gold prices were largely on the decline. The changes, however, were minimal and within Rs.10 of each others.
    • This week’s gold trading started with an opening price of Rs.3,237 per gram.
    • As domestic demand dropped, gold prices went down to Rs.3,231 per gram, which then slipped to Rs.3,221 per gram the subsequent day.
    • A rally in demand helped rates bounce back to Rs.3,234 per gram on the 26th. After a couple more minor changes, gold ended at Rs.3,227 per gram on the final day.
    • Price trends saw a 2.16% change this month, thanks to solid demand from jewellers and other investors in the city.

    Trend of Gold Rate in Surat for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold Rate on 1st March Rs.3,159 per gram
    Gold Rate on 31st March Rs.3,149 per gram
    Highest Rate in March Rs.3,182 per gram from 27 to 30 March
    Lowest Rate in March Rs.3,109 per gram on 20 March
    Overall Monthly Performance Decline
    Percentage Change -0.31%

    March 2018- Week 1 (1-4)

    • March began with gold price in Surat falling due to declining demand from industrial units as well as local jewellers.
    • Gold traded at Rs.3,159 per gram on 1 March but prices fell to Rs.3,138 per gram on 2 March as retail demand dropped due to unfavourable market cues.
    • International demand was also on the decline as the dollar surged on positive economic data, which influenced local demand as well.
    • Gold rate in Surat rose as the week drew to a close, with gold rising to Rs.3,149 per gram on 4 March following a slight increase in industrial offtake.

    March 2018- Week 2 (5-11)

    • The second week saw fluctuations in gold rate in Surat as equity market uncertainty and a shaky dollar led investors to bullion.
    • Gold was priced at Rs.3,149 per gram on 5 March and rose marginally on steady demand from the retail sector.
    • Gold price in Surat briefly fell to Rs.3,144 per gram on 7 March due to demand vagaries as investors responded to dips in local equity markets.
    • Overseas demand increased as the dollar traded low, which led to a sharp upsurge in industrial demand across the board.
    • Gold rose to Rs.3,161 per gram on 8 March as orders increased, but prices dipped for the rest of the week as the dollar recouped its earlier losses.
    • The week ended with gold priced at Rs.3,138 per gram on 11 March.

    March 2018- Week 3 (12-18)

    • Turbulent markets and political uncertainty led to sharp ebbs and flows in the price of gold, with the precious metal trading at Rs.3,138 per gram on 12 March.
    • Gold price in Surat fell to Rs.3,129 per gram on 14 March as local equity markets and the dollar were stable.
    • The surprise sacking of the U.S. Secretary of State led to U.S. markets and the dollar falling sharply, leading to higher demand for gold.
    • Gold rate in Surat rose to Rs.3,149 per gram on 15 March in response to market chaos, but prices regularised over the rest of the week.
    • A significant decline was recorded as the week ended, with gold trading at Rs.3,119 per gram on 18 March.

    March 2018- Week 4 (19-25)

    • The continued fallout from the dismissal of Rex Tillerson as Secretary of State and sliding equity markets led to a sharp rise in gold rates.
    • The yellow metal traded at Rs.3,119 per gram on 19 March and rose to Rs.3,134 per gram on 21 March as international and local demand was high.
    • Industrial demand from Asia rose due to the low dollar, as local industry also increased orders.
    • Gold price in Surat reached Rs.3,149 per gram as the week ended on 25 March as consistent demand and a sluggish U.S. Dollar contributed to a rise in overall demand for the precious metal.

    March 2018- Week 5 (26-31)

    • Gold price in Surat traded firmly on positive market trends and a low dollar index, opening at Rs.3,175 per gram on 26 March.
    • Demand from Europe was also strong as the dollar index fell heavily against other global currencies, making imports of gold cheaper.
    • Steady demand saw gold rise to a monthly high of Rs.3,182 per gram from 27-30 March as retail demand also rose.
    • The appointment of a new Secretary of State viewed as hostile to the peace process was greeted with trepidation on the bourses, which led to gold prices skyrocketing.
    • A sharp drop in price saw gold end the month at Rs.3,149 per gram on 31 March to record an overall loss of 0.31%.

    Trend of Gold Rate in Surat for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold Rate on 1st February 2018 Rs.3,138 per gram
    Gold Rate on 28th February 2018 Rs.3,159 per gram
    Highest Rate in February Rs.3,175 per gram on 20 February
    Lowest Rate in February Rs.3,092 per gram on 9 & 10 February
    Overall Monthly Performance Incline
    Percentage Change 0.66%

    February 2018- Week 1 (1st - 4th):

    • When February’s trading began in Surat, gold was priced at Rs.3,138 per gram.
    • As records showed, the yellow metal’s prices were largely on the rise, thanks to a stable demand and favourable marketing conditions.
    • The 2nd saw gold price in Surat remain unchanged but rose to Rs.3,165 per gram on the 3rd as there was a significant rise in demand from jewellers in the city.
    • Gold rate in Surat slumped just as they rose and the metal’s prices dropped back to RS.3,138 per gram as a Fed interest rate hike put the entire bullion industry on the back foot.

    February 2018 - Week 2 (5th - 11th):

    • The second week began with gold still trading at Rs.3,138 per gram. The US economy was undergoing some major shifts and markets fell by as much as 10% over this week.
    • There was a knock-on effect to be witnessed over this week, which brought gold demand to the fore.
    • On the 6th, gold rates surged to Rs.3,154 per gram as bullion investors capitalised on the downfall of the US dollar.
    • However, gold rate in Surat fall to Rs.3,092 per gram by the 9th of February as stock markets recovered from the slump, pushing demand for gold down.
    • The next day didn’t see any change in gold price in Surat as it still traded at Rs.3,092 per gram - the lowest rate for this month.
    • When the week ended on 11th February, gold had rebounded to trade at Rs.3,103 per gram.

    February 2018 - Week 3 (12th - 18th):

    • During the third week of February, gold prices were on the rise due to strong as markets fluctuated considerably.
    • Gold traded at Rs.3,103 per gram on the 12th of February which surged to Rs.3,129 per gram on the 14th as demand from the Asian markets surged.
    • Gold price in Surat went up to Rs.3,154 per gram on the 16th as domestic demand witnessed a considerable spurt.
    • The US dollar was rather weak this week, which pushed gold rate in Surat up to Rs.3,171 per gram on the 18th of this month.

    February 2018 - Week 4 (19th - 25th):

    • The fourth week of February began with gold continuing at Rs.3,171 per gram. The 20th saw gold price in Surat go up to Rs.3,175 per gram - the month’s highest rates - as local demand was supported by favourable market conditions.
    • Gold rate in Surat dipped over the remaining days of the week as demand subsided. On the 21st, rates went down to Rs.3,150 per gram.
    • The week came to an end with the metal’s prices holding at Rs.3,149 per gram.

    February 2018 - Week 5 (26th - 28th):

    • Over the course of February week 5, gold price in Surat recorded a marginal improvement.
    • On the 26th, the yellow metal traded at Rs.3,149 per gram, but as days progressed rates surged.
    • The last day of February 2018 saw gold trading at Rs.3,159 per gram.
    • All in all, gold rate in Surat trends witnessed a 0.66% over the course of this month, thanks to a consistent rise in local demand.

    Trend of Gold Rate in Surat for January 2017 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold Rate on 1st January 2018 Rs.3,086 per gram
    Gold Rate on 31st January 2018 Rs.3,120 per gram
    Highest Rate in January Rs.3,171 per gram on 25 January
    Lowest Rate in January Rs.3,082 per gram from 5 January
    Overall Monthly Performance Incline
    Percentage Change 1.10%

    January 2018- Week 1 (1 - 7):

    • When trading commenced on the 1st of January in Surat, it was priced at Rs.3,086 per gram.
    • Buoyed by a steady international demand, gold prices in Surat rose up to Rs.3,091 per gram on the 2nd day of the month.
    • Gold rates in Surat continued at Rs.3,091 per gram on the 3rd before falling back to Rs.3,082 per gram on the 4th day of the week. This was because the US dollar improved ahead of a positive jobs data.
    • The 7th saw gold rates in Surat go up to Rs.3,101 per gram as demand increased to keep the metal’s rates on a considerable high.
    • Rates remained largely consistent this week with minor falls, thanks to stable demand.

    January 2018 - Week 2 (8 - 14):

    • The second week of January week 2 saw gold prices fluctuate initially before rising as the week drew to a close.
    • On the 8th of January, the yellow metal was priced at Rs.3,101 per gram. This continued on to the next day as well as US dollar was on shaky grounds.
    • The 10th saw gold rate in Surat fall slightly to Rs.3,107 per gram before falling again on the 11th to trade at Rs.3,102 per gram the next day.
    • Gold rates went up to Rs.3,117 per gram as a weak dollar helped gold gain in all the major markets.
    • Prices increased on the 13th as well for the metal to trade at Rs.3,119 per gram before surging to Rs.3,130 per gram on the final day of the week.

    January 2018 - Week 3 (15 - 21):

    • The highlight of this week was the US government shutting down which caused safe haven demand to rocket significantly.
    • When trading commenced for the 15th of January, gold was seen trading at Rs.3,130 per gram.
    • Due to stable marketing conditions, gold continued to trade at Rs.3,130 per gram till the 17th of the month.
    • However, news of a US government shutdown caused the dollar to weaken significantly, pushing gold rates up to Rs.3,170 per gram on the 18th of the month.
    • Gold rates in Surat consolidated against the dollar and there was a slight decline recorded on the 19th during which the metal traded at Rs.3,165 per gram.
    • As there was a drop in demand, gold rates fell to Rs.3,145 per gram on the 19th and continued at this rate during the 20th as well.
    • The final day of January week 3 saw gold rates rise to Rs.3,155 per gram.

    January 2018 - Week 4 (22 - 28):

    • The fourth week of January saw gold rates remain largely stable, thanks to steady demand.
    • On the 22nd of January, the yellow metal was priced at Rs.3,155 per gram. The metal traded at Rs.3,155 per gram till the closing hours of the 24th as demand remained unchanged.
    • The 25th, however, saw gold rates in Surat surge to Rs.3,171 per gram - the month’s highest rate - as demand from various circles increased.
    • There was a considerable decline in rates as the week progressed.

    January 2018 - Week 5 (29 - 31):

    • The last three days of January saw gold rates fluctuate slightly due to uneven demand from the market.
    • On the 29th, gold was priced at Rs.3,134 per gram. Gold rates in Surat rose to Rs.3,129 per gram on the 30th as demand went up slightly.
    • The final day of the month and week saw gold trade at a much declined rate of Rs.3,120 per gram.
    • Even though there was a significant price drop during the end of the month, gold rates increased by 1.20% for this month.

    Trend of Gold Rate in Surat for December 2017 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold Rate on 1st December 2017 Rs.3,068 per gram
    Gold Rate on 31st December 2017 Rs.3,086 per gram
    Highest Rate in December Rs.3,086 per gram on 30 and 31 December
    Lowest Rate in December Rs.2,990 per gram on 14 December
    Overall Monthly Performance Incline
    Percentage Change 0.58%

    December 2017 - Week 1 (1st to 10th)

    • When trading commenced in Surat, the yellow metal was priced at Rs.3,068 per gram on the 1st.
    • Gold rate in Surat rose to Rs.3,078 per gram on the 2nd after a firm trend overseas led to an increase in domestic demand by local jewellers, retailers and industries.
    • Steady demand coupled with the positive overseas trend led to gold price in Surat remaining unchanged at Rs.3,078 per gram until the 4th.
    • Prices, however, began to decline halfway into the week with the US dollar capitalising on the positive sentiments boosted by the US Senate’s decision to approve the Republican tax reform plan.
    • Gold was priced at Rs.3,053 per gram on the 5th before plunging further to Rs.3,050 per gram on the 6th with stockists and investors mulled over the US central bank’s monetary policy meeting during the next week.
    • The 7th witnessed gold rate in Surat plummeting to Rs.3,026 per gram amid the strengthened dollar and firmer equities market. Prices remained unchanged on the 8th as well.
    • The rest of the week saw the bullion prices holding steady at Rs.3,000 per gram owing to a subdued but steady demand amid the poor global cues.

    December 2017 - Week 2 (11th to 17th)

    • The second week opened with gold trading at Rs.3,000 per gram on the 11th with steady demand from the previous week.
    • On the 13th, prices dropped to Rs.2,993 per gram due to a significant drop in demand amid the strong US dollar index.
    • Gold rate in Surat plunged further Rs.2,990 per gram on the 14th ahead of the US Federal Reserve meeting during the week.
    • The bullion rates, however, rebounded to Rs.2,998 per gram on the 15th with the US dollar losing its ground following the release of the new Fed rate hike.
    • Prices remained untouched at Rs.3,010 per gram for the remainder of the week owing to a steady demand from local jewellers, industries and retailers.

    December 2017 - Week 3 (18th to 24th)

    • Gold was priced at Rs.2,998 per gram on the 18th with the US dollar gaining ground amid the country’s biggest tax system overhaul plan in thirty years.
    • However, with investors mulled over the final outcome of the new tax bill, equities market began to fall. This led to the precious metal being priced at Rs..3,013 per gram on the 19th.
    • Thanks to the positive trends overseas, gold price in Surat remained untouched at Rs.3,013 per gram until the 22nd with the dollar losing against a basket of other major currencies.
    • The new US tax cuts resulted in the Asian equities market declining. This resulted in the precious metal being priced at Rs.3,025 per gram for the rest of the week.

    December 2017 - Week 4 (25th to 31st)

    • The final week in Surat opened with the yellow metal trading at Rs.3,025 per gram on the 25th before surging to Rs.3,034 per gram on the 26th.
    • With investors increasing their purchases amid the weakened US dollar and poorly performing equities, gold rate in Surat rose to Rs.3,042 per gram on the 27th.
    • The next couple of days witnessed gold holding steady at Rs.3,042 per gram owing to steady domestic demand amid the strong global cues.
    • The 30th saw gold price in Surat surging further to Rs.3,086 per gram. Reports stated that “gold rates today” hit three-week highs amid the positive overseas trends brought about by the weakened US dollar .
    • On the 31st, gold continued to trade at Rs.3,086 per gram with demand - global as well as domestic - stabilising amid the strong cues.
    • The bullion trade in Surat registered a profit of 0.58% during the month of December owing to the positive overseas trends that pushed demand higher for the metal.

    Trend of Gold Rate in Surat for November 2017 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold rate on 1st November 2017 Rs.3,087 per gram
    Gold rate on 30th November 2017 Rs.3,078 per gram
    Highest Rate in November Rs.3,113 per gram on 20 and 21 November
    Lowest Rate in November Rs.3,057 per gram from 4 to 6 November
    Overall Monthly Performance Decline
    Percentage Change -0.29%

    November 2017 - Week 1 (1st - 5th)

    • Gold opened at Rs.3,087 per gram in Surat when trading for the month began.
    • Gold price in Surat remained the same on the 2nd before dropping to Rs.3,067 per gram on the 3rd as local demand dropped ahead of poor global cues.
    • On the 4th of November, gold rate in Surat went down again - this time to Rs.3,057 per gram as a strong greenback performance pushed gold rates down.
    • The final day of this week saw some steady demand, due to which prices remained unchanged at Rs.3,057 per gram.

    November 2017 - Week 2 (6th - 12th)

    • When the second week opened, gold rate in Surat had seen little change, with the metal still trading at Rs.3,057 per gram.
    • However, gold price in Surat jumped to Rs.3,078 per gram on the 7th and continued at this rate on the 8th as demand from domestic investors and jewellers saw a rise.
    • The 9th saw gold rates in Surat rise again - this time to Rs.3,091 per gram - as there was a rise in demand from Asian markets.
    • Gold prices rose to Rs.3,096 per gram on the 10th before falling back to Rs.3,091 per gram on the 11th of the month.
    • When the week drew to a close, gold rates were still seen holding at Rs.3,091 per gram.

    November 2017 - Week 3 (1th3 - 19th)

    • Gold opened strongly on the 13th with the metal being priced at Rs.3,096 per gram.
    • A steady demand from locals and a weakening US dollar kept gold rate in Surat at Rs.3,096 per gram on the 14th as well.
    • Due to a steadily underperforming dollar amid the latest Fed Reserve meeting, gold price in Surat surged to Rs.3,101 per gram on the 15th.
    • But, after news about positive US treasury yields, the greenback bounced back. This caused gold prices to drop to Rs.3,093 per gram on the 16th and then continue onto the 17th of the month.
    • Gold rate in Surat rose again on the 18th, though, for the metal to trade at Rs.3,110 per gram as local demand surged significantly due to increased local buying.
    • When the week ended, gold was still trading at Rs.3,110 per gram.

    November 2017 - Week 4 (20th - 26th)

    • For the first two days of November week 4, gold rates were holding at Rs.3,113 per gram.
    • But, a sharp decline was witnessed on the 22nd, which caused gold price in Surat to go down to Rs.3,087 per gram.
    • Gold consolidated on the back of a rising US dollar, bringing prices to Rs.3,102 per gram on the 23rd.
    • Rates remained at Rs.3,102 per gram on the 24th but dropped down to Rs.3,090 per gram on the 25th due to subdued demand.

    November 2017 - Week 5 (27th - 30th)

    • Gold rates fluctuated considerably towards the final week of November.
    • On the 27th of the month, the yellow metal was priced at Rs.3,098 per gram - a slight incline from the previous day’s rates.
    • However, a slowdown in demand pushed rates down to Rs.3,093 per gram on the 28th. Prices remained the same the next day due to steady local demand.
    • The final day of the month saw rates drop considerably - to Rs.3,078 per gram - as demand took a hit amidst a strong dollar.
    • Some poor demand towards the end of the month led to gold rate in Surat falling by 0.29%.

    Details of Gold Price in Surat (22 Karat & 24 Karat) - Till August 2015

    24 karat gold – The purest form of gold a person can buy is 24 karat gold, the purity of it is 99.99%. Anyone who would like to buy 1 gram of 24 karat gold in Surat should look at spending Rs. 2,522 as on 11th August, 2015. Over the last few months the gold rates have been on the downward trend ranging from Rs. 2,650 in July to Rs. 2,522 in August of this year. The downward decline is owing to the falling international gold rates, with economic policies which have made a big impact on rates across the country. With the current trends, the rates are expected to fall further in the next few months.

    22 karat gold – Gold is about 92% pure when it’s 22 karat and is a more preferred choice of jewellers when used to make jewellery. Due to the purity being lesser than 24 karat gold, the price also differs slightly, making 1 gram of 22 karat gold cost Rs. 2,360 for buyers in Surat. Gold rates were at it’s peak in August 2014 and January 2015, and trading at close to Rs 2,700/g in both cases. The falling rates in gold have seen a 5 years low and are expected to drop further.

    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

    Gold Rate In Ahmedabad Gold Rate In Vadodara Gold Rate In Rajkot
    Gold Rate In Jamnagar Gold Rate In Indore Gold Rate In Mumbai
    Also Know: Silver Rate in Surat

    Read more on Gold

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    News About Gold Rate In Surat

    • 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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