Surat! This city in Gujarat is where India's love affair with gold truly flourished. Unlike some regions, Surat itself wasn't a major source of gold, but its strategic location as a port made it the "emporium of India" during the Mughal era. Imagine a bustling hub where gold, along with textiles, was exported worldwide. Surat's prosperity even attracted European trading companies like the British, who established their first Indian trading post here. This golden age eventually gave way to the rise of Mumbai, but Surat's legacy lives on. Today, the city is known for its skilled artisans who craft beautiful gold jewellery and other precious metal objects. While traditional methods of buying gold jewellery are still popular, modern investment options like Gold ETFs are gaining ground, showcasing Surat's enduring connection to this valuable metal.
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The 24 carat gold rate in Gujarat today is shown above.
916 gold refers to 22 carat gold, which means it is made up of 91.6% pure gold and 8.4% other metals.
In India, gold jewellery is subject to a Goods and Services Tax (GST) of 3%.
The price of 999.9 gold aka 24K gold in Surat today is mentioned above.