Gold Price Today in Surat

Today's gold rate in Surat is ₹13,354 per gram for 22K gold and ₹14,568 per gram for 24K gold. Prices are updated daily based on the IBJA (India Bullion and Jewellers Association) rate and include applicable state taxes for Gujarat.

Surat is globally renowned as the diamond cutting and polishing capital of the world, processing over 90% of the world's diamonds. Its jewellery market, centred around Varachha Road and the Surat Textile Market area, also handles significant gold trade. The city's vast diamond industry overlaps with gold jewellery manufacturing.

Surat's predominantly Gujarati, Jain, and Patel communities have strong gold-buying traditions. The diamond industry has made Surat one of India's wealthiest cities — gold ownership here is high. Diamond-studded gold jewellery (18K settings) is particularly popular, given the city's expertise in both materials.

Buying tip: Surat offers excellent prices for 18K gold jewellery since diamond-setting work is done locally, eliminating transport costs. Gujarat's moderate gold taxes also help keep prices competitive. For plain gold jewellery, compare rates with Ahmedabad's Manek Chowk which often has better base prices.

GST of 3% is applicable on all gold purchases in India. For investment gold (coins, bars), making charges are typically lower than jewellery. Always insist on a BIS hallmark certificate when buying gold in Surat.