*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.
Todays Gold Price in Surat
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.
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.
FAQs on Gold Rate in Surat
What are the factors that determined the gold rate in Surat?
The price of gold in Surat is determined on the basis of certain factors like the rate of interest and demand. Furthermore, the price of gold is also determined by government policies related to tariffs.
What are the factors which result in the increase in demand for gold in Surat?
The demand for gold depends on factors like manufacturing jewellery, export, festive seasons like Dhanteras and Diwali, etc. Apart from this, the demand for gold also increases due to the fall in prices.
How to buy gold as an investment in Surat?
Individuals who want to invest in gold directly have three alternatives, they may buy the physical gold, invest in shares of a mutual or exchange-traded fund (ETF) that measures the price of gold, or trade commodities futures and options.
From where should I purchase gold jewellery in Surat?
It is always recommended to buy gold from established and certified jewellery shops that sell hallmarks.
What are the important things to remember before purchasing gold in Surat?
You need to keep certain things in mind while purchasing gold in Surat such as checking the price of the gold, ensuring its purity level and certification, and collecting the bill from the seller.
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|
|Gold Rate in Gujarat||Silver Rate in Surat|