Gold occupies a unique position in Indian households since it is a safer investment, particularly during economic downturns. Gold is a valuable metal that has been used as both currency and value storage throughout history. In this regard, gold is regarded as both a commodity and an investment. Surat is well-known for diamond cutting and polishing, textiles, and diamond-encrusted gold jewellery. There is a high demand for gold in Surat.
Gold price today Surat
The gold price today Surat for 24 carat gold per gram is ₹ 51,09, and the gold price 22k today per gram is ₹ 4701. There is a fluctuation in the gold prices in Surat. You should check the current data when you are buying gold in Surat.
The factors affecting gold prices in Surat
Surat is well known for its diamond cutting and polishing, as well as textiles and diamond-encrusted gold jewellery. Surat has a high demand for gold. The people of Surat are fond of buying gold jewellery. Other factors that affect gold prices in Surat are as follows –
- State and Central taxes
- Variation of rupee-dollar price
- High demand for gold in Surat
- Inflation
Important criteria while buying gold in Surat
When you are buying gold, you should always check the following criteria.
- Check the gold price per gram – Knowing the gold price per gramme ensures you do not spend more than the true price. However, confirm the price using an authorised and trustworthy source.
- Hallmark and certifications – The most crucial part in determining the gold quality and purity is ensuring gold certification.
- Check the buy-back terms – Check whether the vendor will receive the gold at the same price or if there will be any cost-cutting.
- Collect the bill – Most crucial, after purchasing gold, do not forget to collect a bill.
Purchasing gold for investment purposes in Surat
When purchasing gold in Surat for investment purposes, you should avoid purchasing gold as jewellery because jewellery can only be manufactured from 22-carat gold and has significant manufacturing costs. Furthermore, when you sell gold jewellery, jewellers will subtract the making charges, which can result in a loss if you purchase gold as an investment. If you want to buy gold in Surat for investment purposes, you can do so in the form of gold coins and bars, or you can invest in gold through gold bonds.
Where to buy gold in Surat?
There are many locations in Surat to buy gold. When purchasing gold in Surat, it is strongly advised to go to a certified and reputable jeweller who sells hallmark gold. Kala mandir Jewellers Ltd, Kalyan Jewellers, D. Khushal Bhai Jewellers, etc., are some of the oldest and most reputable jewellers in Surat for purchasing certified and hallmark gold. In Surat, you can also buy gold in the form of 24k coins from various Banks like SBI, India post-Bank, etc.
Conclusion
Here in this article, all the info about gold prices is provided. You can get all the info from the gold price today Surat to all other things necessary when buying gold in Surat.
FAQs
1. How to get a gold loan in Surat?
Many banks in Surat provide loans against gold jewellery and gold items. To get a gold loan in Surat, you can go to SBI, Muthoot Finance, ICICI bank, Axis bank, etc.
2. What is the gold price today Surat?
Ans: The gold price today Surat for 24 carat gold per 10 grams is ₹ 51,095, and the gold price 22k today per 10 grams is ₹ 47010.
3. What is the monthly trend of the gold price in Surat?
Ans: In July, the price of 24-carat gold in Surat began at Rs.5,128 per gram. Prices fluctuated over the next three weeks until closing the month at Rs.5,065 per gram. Therefore, a downward trend in gold prices in Surat was recorded during July, with a percentage change in gold prices of -1.22%.
