Gold Rate Today in Surat - Price of 22K & 24K Gold Rate Today

Gold remains a popular investment in Surat, with prices updated daily due to local demand, tax regulations, and global market trends. Below are today’s latest gold rates in Surat for both 22K (916 purity) and 24K (999 purity) gold.

Gold Rate Today in Surat

22K and 24L Gold Rate in Surat Today by Weight

Gold Price Trend in Surat

Gold rates in Surat move in line with daily changes in global economic indicators and central bank decisions, while the USD-INR exchange rate plays a key role in determining the cost of imported gold. Prices for both 22K (jewellery) and 24K (pure) gold generally rise during periods of strong local demand, especially around major festivals and the wedding season in the region.

How Gold Prices Are Determined in Surat

Gold rates in Surat, like the rest of India, change daily due to multiple factors, including:

• International spot market prices:
  Gold is traded globally, so global price movements directly affect local rates in Surat.

• Rupee-Dollar exchange rate:
  Since gold is priced in USD internationally, a stronger or weaker rupee impacts Surat’s gold prices.

• Import duty and GST:
  Government taxes on gold imports and sales influence the final price for consumers in Surat.

• Local supply and consumer demand:
  Seasonal demand during festivals, weddings, and other special occasions in Surat can lead to price fluctuations.

• Market speculation and investor sentiment:
  Investment trends, stock market movements, and speculative buying and selling can push Surat’s gold prices up or down.

• Central Bank Policies:
  Decisions by the Reserve Bank of India or other central banks on interest rates and foreign reserves can indirectly affect Surat’s gold prices.

How to Calculate the Final Gold Price

Formula:
Final Price = Gold Rate × Weight + Making Charges + GST

Example (based on your numbers):
For 10 grams of 22K gold at Rs. 11,716 per gram:

Gold Value = Rs.1,17,160
Making Charges (12%) = Rs.14,059
Subtotal = Rs.1,31,219
GST (3%) = Rs.3,936

Best Time to Buy Gold in Surat

• Prices in Suratt tend to remain more stable from March to August.

• Buying before major festivals in Surat may help avoid festive premiums.

• Watch for dips in global gold prices, as they can influence Surat’s rates.

• Track local daily gold rates in Surat for at least a week before making a purchase.

Gold Buying Options

• Physical Jewellery: Traditional gold buying option mainly used for weddings, gifting, and personal use.

• Gold Coins and Bars (24K): High-purity gold with lower making charges and better resale value.

• Digital Gold: Easily bought online in small amounts with zero storage or security concerns.

• Sovereign Gold Bonds (SGBs): Government-backed gold investment offering 2.5% annual interest plus tax benefits.

• Gold ETFs: Exchange-traded instruments that track gold prices and are backed by physical gold.

• Gold Mutual Funds: Mutual funds that invest in gold ETFs, offering convenience and diversification.

Also Read: Best Gold Saving Scheme by Jewellers in India

Tips for Smart Gold Buying

• Compare making charges across jewellers.

• Always choose BIS hallmarked jewellery with HUID.

• Avoid impulse purchases.

• Prefer simpler designs if buying for investment.

• Keep all invoices for resale and loan purposes.

Selling or Exchanging Gold

• Jewellers buy back based on the day’s gold rate.

• Charges and wastage are not refunded.

• Purity testing may involve melting or electronic checks.

• Compare buyback quotes from multiple jewellers.

Tax Rules on Gold Purchases

• GST of 3% applies to the gold value.

• Making charges may attract additional GST.

• Purchases above Rs. 2 lakh require a PAN.

• Selling gold may be subject to capital gains tax.

• Digital gold, SGBs, and ETFs follow different tax rules.

FAQs:

Is GST included in today’s gold price in Surat?
No, the prices displayed are basic gold rates. A 3% GST is added to the gold value at the time of purchase. In the case of gold jewellery, an extra 5% GST is charged on making charges.

Are gold prices in Surat different from other Indian cities?
Yes, gold prices can vary from city to city due to differences in state-level taxes, transportation expenses, and pricing norms set by local jewellers’ bodies. These factors may cause minor price variations in Surat.

Do gold prices in Surat rise during festivals or the wedding season?
Yes, gold prices often increase during festive occasions such as Dhanteras and during peak wedding months due to higher demand. Jewellers may also revise making charges or introduce special offers during these periods.

How frequently do gold prices change in Surat?
Gold rates in Surat are generally updated twice a day to reflect international market movements. However, prices may change more often during periods of high global economic or market volatility.