Gold is very valuable in India, especially for women. The price of gold in Surat changes every day. This is because of things happening in the world market.
In Indian homes, gold is seen as both valuable and lucky. It helps a lot with investments. Even when money is tight, people still buy gold.
If you want to buy gold jewelry, coins, or bars, knowing the current prices in Surat is key. The gold market in Surat is affected by many things. Knowing these can help you make smart choices with your gold investments or buys.
Key Takeaways
- Gold is highly valued in Indian culture, with women playing a significant role in gold consumption.
- The price of gold in Surat fluctuates daily, influenced by global market trends and local factors.
- Gold is considered a precious and auspicious investment in Indian households, contributing to investment portfolios.
- Staying informed about the latest gold rates in Surat is crucial for making informed decisions when purchasing gold jewelry, coins, or bars.
- Understanding the factors that influence the gold market in Surat can help investors and individuals make informed decisions about their gold-related investments or purchases.
Current Gold Rates in Surat
As of December 2, 2024, the gold price in Surat for 22 carat is ₹7,194 per gram. For 24 carat gold, it’s ₹7,554 per gram. For 10 grams, 22 carat gold costs ₹71,940, and 24 carat gold is ₹75,540. These prices don’t include GST, TCS, and other fees.
22 Carat Gold Prices
The surat gold bazaar has 22 carat gold at ₹7,194 per gram. This is a drop of ₹600 for 10 grams from yesterday.
24 Carat Gold Prices
In the gold investment surat market, 24 carat gold is at ₹7,554 per gram. It’s down by ₹630 for 10 grams from yesterday’s surat bullion rates.
Price Changes from Yesterday
Compared to December 1, 2024, the gold prices in Surat have seen changes:
- 22 carat gold decreased by ₹600 per 10 grams
- 24 carat gold decreased by ₹630 per 10 grams
These changes in the surat gold bazaar are due to global market conditions, local demand and supply, and currency exchange rates.
“Gold investment in Surat is a popular choice, with investors closely monitoring the surat bullion rates to make informed decisions.”
Factors Affecting Gold Price in Surat
Gold prices in Surat change due to many things. These include global trends and local demand. Knowing these helps when you want to buy gold surat or join the surat gold market and gold trading surat.
Global Market Influences
Changes in gold prices worldwide affect Surat. Things like the economy, politics, and bank policies matter. These can change the surat gold market prices for buyers and sellers.
Local Demand and Supply
Surat loves gold, especially for jewelry. This demand goes up during festivals and weddings. Changes in how much gold is made or imported also affect prices.
Currency Exchange Rates
The rupee’s value against the dollar is key. If the rupee drops, gold costs more in rupees. This is because gold is pricier to buy from abroad.
Knowing these factors helps when buying gold surat. It makes it easier to understand the surat gold market and gold trading surat.
| Factors | Impact on Gold Prices in Surat |
|---|---|
| Global Economic Conditions | Gold prices tend to rise during periods of economic uncertainty, as investors seek a safe haven. |
| Political Risks | Geopolitical tensions and policy changes can drive up gold prices, as investors look to diversify their portfolios. |
| Central Bank Policies | Monetary policies, such as interest rate decisions, can influence the demand for gold and affect its prices. |
| Local Jewelry Demand | Seasonal fluctuations in gold jewelry demand, particularly during festivals and weddings, can impact gold rates in Surat. |
| Rupee-Dollar Exchange Rate | A weaker rupee against the dollar typically leads to higher gold prices in INR terms, as the metal becomes more expensive to acquire. |
“Investing in gold in Surat is a popular choice due to its perceived safety during economic and political uncertainties.”
Gold Price Trends in Surat: Last 10 Days Analysis
The gold rates in Surat have changed a lot in the last 10 days. This shows how fast the surat gold market can move. On November 22, 2024, 22-carat gold was at ₹73,290 per 10 grams. By November 24, it went up to ₹74,040.
Then, it fell to ₹71,840 on November 26. But by December 1, it went up to ₹72,540. The 24-carat gold prices also changed a lot, going from ₹76,950 to ₹77,740.
| Date | 24K Gold Rate (₹/10g) | 22K Gold Rate (₹/10g) | Percentage Change |
|---|---|---|---|
| 29 November 2024 | ₹77,390 | ₹70,940 | -0.01% |
| 28 November 2024 | ₹77,400 | ₹70,950 | +0.16% |
| 27 November 2024 | ₹77,280 | ₹70,840 | -0.01% |
| 26 November 2024 | ₹77,290 | ₹70,850 | -1.67% |
| 25 November 2024 | ₹78,600 | ₹72,050 | 0% |
These changes in gold price in surat come from many things. These include global economic conditions and local demand. Also, currency exchange rates and market sentiment play a big role. People who buy or invest in gold in Surat should watch these trends closely.
Understanding Gold Purity Standards
In Surat, knowing the difference between 22 carat (22K) and 24 carat (24K) gold is key. 22K gold, or 916 gold, has 91.6% pure gold. The rest is metals like copper or silver. This mix makes 22K gold strong and pure, great for detailed jewelry and everyday wear.
Difference Between 22K and 24K Gold
24K gold, however, is the purest, with 99.9% gold. It’s loved for its value but not always for jewelry because it’s soft. In Surat, people who buy gold often choose 24K for its high purity and value.
Hallmarking and Certification
The Indian government makes sure gold in Surat is real and pure. When you buy gold, look for hallmark stamps. These show the gold’s purity and carat value. This helps keep the gold market trustworthy in Surat.