Gold Rate Today in Surat

Surat is a diamond city that also sells gold, and getting that order right saves confusion. About 90% of the world's diamonds are cut and polished here, an industry earning India roughly ten billion dollars a year in exports, with most of the polishing workshops concentrated in the Varachha area.

That scale shapes the local trade. Stone-set jewellery is Surat's natural product, and 18K work is more common here than in cities where plain 22K dominates, because harder alloy holds a stone properly. Ratanpol in the old city is the traditional gold jewellery street, while Mahidharpura is where the diamond trade does its business.

The city's commercial character is older than the diamond industry. Surat was the most prosperous port in the Mughal empire before the Tapi silted and the original port facilities closed. It is also India's fabric capital, producing around nine million metres a year, some 60% of national polyester cloth output, through 381 dyeing and printing mills and more than 41,000 power looms.

Buying peaks at Dhanteras and Diwali, with Akshaya Tritiya and the wedding season behind them.

The specific advice for Surat is about stones. On a diamond-set piece the gold rate on this page applies to only part of what you are paying, and the stone is valued separately on cut, clarity, colour and carat. Ask for the gold weight and the stone weight as separate lines, and for the diamond certification, before you compare two quotations on price alone.