India · Surat · 31 May 2026 · Market closed (weekend)
Computed for Surat
| Purity | 8 g | 10 g | 100 g |
|---|---|---|---|
24K999 fine | ₹1,25,293.38 | ₹1,56,616.73 | ₹15,66,167.26 |
22K916 hallmark | ₹1,14,852.68 | ₹1,43,565.85 | ₹14,35,658.54 |
18K750 hallmark | ₹93,970.04 | ₹1,17,462.54 | ₹11,74,625.45 |
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Open the full gold, silver & platinum jewellery calculator, or work out how much gold you can buy with the budget calculator.
Difference is vs. previous trading day
| Date | 24K | 22K |
|---|---|---|
31 May 2026 Sunday | ₹15,661.67(-58.03) | ₹14,356.59(-53.20) |
30 May 2026 Saturday | ₹15,719.70(-60.06) | ₹14,409.78(-55.06) |
29 May 2026 Friday | ₹15,779.76(+158.16) | ₹14,464.84(+144.98) |
28 May 2026 Thursday | ₹15,621.61(-223.22) | ₹14,319.86(-204.62) |
27 May 2026 Wednesday | ₹15,844.83(-60.06) | ₹14,524.48(-55.06) |
26 May 2026 Tuesday | ₹15,904.89(-49.05) | ₹14,579.53(-44.96) |
25 May 2026 Monday | ₹15,953.94(+32.03) | ₹14,624.50(+29.36) |
24K · INR per gram · Surat · always shows latest, independent of selected date
Same IBJA base · local premium applied
The gold rate in Surat on 31 May 2026 stands at ₹15,661.67 per gram for 24K (999 fine), ₹14,356.59 per gram for 22K (916 hallmark — the standard for Indian jewellery), and ₹11,746.25 per gram for 18K (750 hallmark). The rate is derived from the IBJA national fix and adjusted for Surat’s local premium of 0.10%.
Like all Indian cities, Surat retailers use the IBJA reference twice a day (12:00 and 17:00 IST) as the base for their displayed rate. The small per-city spread reflects local transport, financing and dealer margins — it rarely exceeds 1% of the national base.
Surat is the diamond-cutting and polishing capital of the world — the vast majority of the world's diamonds are processed here — so its jewellery trade leans heavily toward diamond and studded pieces. Plain gold trades close to the Gujarat regional rate at a slim premium.
The diamond markets of Varachha and Mahidharpura anchor Surat's trade, and gold and diamond-jewellery showrooms cluster across these areas and along Ghod Dod Road.
Indian gold rates are anchored to the international spot price quoted in USD on the London Bullion Market and COMEX. That base is converted to INR using the daily exchange rate, with import duty (currently 6%) and GST (3%) layered on top. The Indian Bullion and Jewellers Association publishes a domestic fix twice each business day that most retail jewellers and banks use as their reference.
The headline drivers are the dollar index, real US interest rates, central-bank gold buying (notably China and India), and physical demand around the Diwali, wedding and Chinese New Year seasons. Geopolitical events tend to add a short-lived safe-haven premium that fades within days.
24K (999 fine) is pure gold — used for coins, bars and digital gold. It preserves the full metal value at the IBJA rate but is too soft for daily-wear jewellery.
22K (916 hallmark) is 91.6% gold alloyed for hardness. It is the Indian jewellery standard, used in almost all hallmarked rings, chains and bangles.
18K (750 hallmark) is 75% gold and is preferred for diamond and gemstone settings because it holds prongs more securely. It is the standard for branded designer jewellery.
Today's 24K gold rate in Surat is ₹15,661.67 per gram and 22K is ₹14,356.59 per gram.
24K is 99.9% pure gold (also called 999 fine) and is used for coins and bars. 22K is 91.6% pure (the 916 hallmark) and is the standard for Indian jewellery because pure 24K is too soft to hold a setting. 18K is 75% pure (750 hallmark) and is preferred for diamond and gemstone jewellery for its added strength.
Indian gold rates move with the international spot price (set in USD on the London and COMEX markets), the USD-to-INR exchange rate, import duty, GST, and daily demand from jewellers and bullion banks. The Indian Bullion and Jewellers Association (IBJA) publishes a fix twice each business day that most domestic retailers use as a reference.
The BIS (Bureau of Indian Standards) hallmark is a six-digit alphanumeric code stamped on jewellery to certify its purity. A 916 stamp confirms 22K, 750 confirms 18K, and 999 confirms 24K. Since April 2023, BIS hallmarking is mandatory for gold jewellery sold in India.
No. Each city applies a small local premium on top of the IBJA reference price to cover transport, financing, and dealer margins. Chennai is historically the highest by a small margin; Mumbai, Bangalore and Hyderabad are typically closest to the national base.
No. The rate on this page is the metal value per gram only. Jewellery purchases also attract wastage (typically 5–12%), making charges (8–25%) and GST (3% on gold value, 5% on making). Use the bill verification calculator to itemise a complete jeweller's bill.
For pure investment, 24K coins or bars (or digital gold) preserve the full metal value and are easier to liquidate at the IBJA rate. 22K is meant for jewellery; resale value usually deducts wastage and making charges, so it is a less efficient investment vehicle.
Surat is the global hub for diamond cutting and polishing, so it is especially strong for diamond and studded jewellery. Plain gold is sold too, at close to the Gujarat regional rate — but the page rate covers the gold metal value only, not the diamonds set into a piece.
Varachha and Mahidharpura are the heart of the diamond trade, with gold and diamond showrooms clustered around them and along Ghod Dod Road. Check the BIS hallmark on the gold portion of any studded piece.
