Suarez scored with his hand as Liverpool dumped Mansfield out of the FA Cup last week, and although the incident attracted plenty of debate, the England captain says he would do the same.
“Look, I’m not going to lie to you - of course I celebrate.
“I can’t sit here and claim I would run to the linesman or referee and say, 'I’ve hand-balled it' at Old Trafford.
"What would Wayne Rooney do?
“What did [then-Manchester United keeper] Roy Carroll do years ago when the ball was four yards over the line?
"I never saw Alex Ferguson or Carroll run to the referee or linesman and say it was over the line, did you?”
“It’s football. These things happen. You don’t go out to intentionally hand-ball and I don’t think Luis did. You could tell by the way he kicked the ball into the net - he was waiting for the referee to blow up.
“I’m not saying it’s right, but have Mansfield never had a bit of luck or had a decision that maybe wasn’t right go their way - a goal that was maybe off-side or a handball?"
Gerrard has also said that he "disagrees" with Liverpool's youth policy and hopes Brendan Rodgers can turn it around.
Since Rodgers' arrival in the summer the Reds have opted to sign young players with the likes of Joe Allen, Fabio Borini and Daniel Sturridge all yet to celebrate their 24th birthdays.
Gerrard, 34, is unsure whether that is the right policy to ensure Liverpool, currently eighth in the Premier League, get back to challenging for the Champions League places again.
"I disagree with the policy to be honest," he told various newspapers. "I've seen many signings throughout the world who have gone to clubs at the age of 28, 29 or even older and done fantastic jobs. Gary McAllister (who arrived in 2000 aged 35) when he came here, for one."
He added: "I can understand the policy that everyone wants young, bright, British players - but I don't agree 100% that that should be the only way. I learned bucket loads from Gary McAllister."
Liverpool are not the only club who have focused on youth this term with Chelsea yet to offer new deals to elder statesmen Frank Lampard and Ashley Cole, while Aston Villa's fight against relegation is being undertaken with a vastly inexperienced squad.
"The main example at the moment is if Chelsea don't keep Frank Lampard. Someone is going to get a bargain. What is he, 34?" Gerrard said.
"It's not my business what Chelsea do but if they don't renew Frank's contract someone else is going to get a really good player for a few years."
Liverpool's most obvious transfer success in recent years has been the signing of Luis Suarez - who arrived from Ajax as a 24-year-old in 2011 - and Gerrard believes he has surpassed Fernando Torres and England team-mate Wayne Rooney as the best striker he has teamed alongside.
Suarez has put the controversies that have followed him since his arrival in England aside to be the second leading Premier League goalscorer this term, with 15 strikes.
"Luis is the best centre forward I've played with," he said. "He probably won't get the credit he deserves after everything that's happened and everything he's been through but he will from me. He's a fighter and he's a winner."