Gold prices in Surat slipped on Thursday, January 22, tracking the broader decline in domestic bullion prices after gold eased from its recent record highs.
According to the latest rates, 24-carat gold in Surat is priced at Rs 15,436 per gram, while 22-carat gold is available at Rs 14,150 per gram. Meanwhile, 18-carat gold is trading at Rs 11,578 per gram.
The dip in prices comes after gold witnessed strong gains earlier this week, driven by heightened geopolitical tensions globally, including concerns around the US, Europe, Greenland, and the ongoing Russia-Ukraine conflict. These factors had pushed investors toward safe-haven assets, lifting gold to record levels on the MCX.
However, some profit booking at higher levels and a mild correction in international spot gold prices weighed on domestic rates, leading to a decline in prices across key cities, including Surat.
Despite the short-term correction, gold continues to trade near elevated levels, supported by persistent global uncertainty and volatility in currency markets.
Note: Gold prices are indicative and do not include GST, TCS, or making charges. Actual rates may vary across jewellers.
