Gold Rate in Surat
Located on the banks of river Tapti, Surat is a major port city of West India. Surat is popular for its textiles, diamond cutting, polishing and diamond-studded gold jewelry manufacturing. 90% of worlds diamond cutting and polishing and 90% of Indias diamond exports are from Surat.
The gold demand in Surat has increased in the recent years because the price of gold has reached a 5year low. The demand for gold in Surat depends on the export and manufacturing of jewelry, season of festivals like Diwali, Dhanteras, etc. Gold rate in Surat varies according to this demand. Since Surat is renowned for its diamond-studded gold jewelry, the investment in gold is crucial for this city.
Despite the decreasing prices of gold all over the world, jewelers are expecting a good season in Surat this year and therefore, today gold rate in Surat is increasing. Gold is bought as an investment in the form of bars, jewelry, coins, etc.
Surat is known for its affiliation with textile and diamonds. It is also one of the cities that was selected in the Smart City race by PM Narendra Modis Smart City Mission. There are many gold and diamond shops owing to the demand of the population in Surat. It is also named as one of the cleanest cities in India.
Historical Surat Gold Price
Surats gold price in the previous year showed a steady rise in prices.
Gold Prices In Surat For The Last Month
The Surats gold price steady increased after taking a parallel upward formation and then slowly descending.
Gold Prices In The Current Week In Surat
Gold price in Surat in the current week are following the previous trend. The market demand for gold is steadily rising. This is a good omen as if there are sharp rises and turns it is difficult for investors to buy our sell their gold assets in the first go.
How To Invest In Gold?
One can buy gold bars or gold bullion for larger investments. Even government initiated a paper form of gold funds is also a good investment for the future. However, it is better to recheck any kind of Investment Avenue one is seeking.
It is a good time to buy and sell gold in the market as prices are going steady. The trend may keep up for the rest of the year.