When it comes to gold trade, the City of Joy has always been an active participant. Being home to the country’s oldest port, Kolkata has a long history of gold trade and continues to be an important point for selling and buying gold. The price of yellow metal fluctuates here depending upon various factors including rupee-dollar trends, domestic demand, festivity schedule, inflation, etc. Today Gold rate in Kolkata is ₹ 51,870 per 10 grams for 24 Carat and ₹ 47,550 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram | ₹ 5,187 | ₹ 0 |
8 grams | ₹ 41,496 | ₹ 0 |
10 grams | ₹ 51,870 | ₹ 0 |
100 grams | ₹ 5,18,700 | ₹ 0 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram | ₹ 4,755 | ₹ 0 |
8 grams | ₹ 38,040 | ₹ 0 |
10 grams | ₹ 47,550 | ₹ 0 |
100 grams | ₹ 4,75,500 | ₹ 0 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
26 June 2022 | ₹ 51,870 | ₹ 47,550 | 0% |
25 June 2022 | ₹ 51,870 | ₹ 47,550 | +0.11% |
24 June 2022 | ₹ 51,820 | ₹ 47,500 | -0.31% |
23 June 2022 | ₹ 51,990 | ₹ 47,650 | +0.32% |
22 June 2022 | ₹ 51,800 | ₹ 47,500 | -0.38% |
21 June 2022 | ₹ 52,010 | ₹ 47,680 | -0.21% |
20 June 2022 | ₹ 52,110 | ₹ 47,780 | +0.21% |
19 June 2022 | ₹ 52,010 | ₹ 47,680 | 0% |
18 June 2022 | ₹ 52,010 | ₹ 47,680 | -0.15% |
17 June 2022 | ₹ 52,100 | ₹ 47,750 | +0.36% |
16 June 2022 | ₹ 51,900 | ₹ 47,580 | +0.91% |
15 June 2022 | ₹ 51,440 | ₹ 47,150 | -0.53% |
14 June 2022 | ₹ 51,710 | ₹ 47,400 | -1.99% |
13 June 2022 | ₹ 52,760 | ₹ 48,360 | 0% |
12 June 2022 | ₹ 52,760 | ₹ 48,360 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st May rate | ₹ 48,390 | ₹ 52,790 |
31st May rate | ₹ 47,750 | ₹ 52,100 |
Highest rate in May | ₹ 48,400 on 1st May 2022 | ₹ 52,800 on 1st May 2022 |
Lowest rate in May | ₹ 46,100 on 18th May 2022 | ₹ 50,290 on 18th May 2022 |
Over all performance | Falling | Falling |
% change | -1.31% | -1.31% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st April rate | ₹ 48,100 | ₹ 52,470 |
30th April rate | ₹ 48,400 | ₹ 52,800 |
Highest rate in April | ₹ 49,860 on 19th April 2022 | ₹ 54,390 on 19th April 2022 |
Lowest rate in April | ₹ 47,650 on 1st April 2022 | ₹ 51,970 on 1st April 2022 |
Over all performance | Rising | Rising |
% change | +0.63% | +0.63% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st March rate | ₹ 46,700 | ₹ 50,950 |
31st March rate | ₹ 47,650 | ₹ 51,970 |
Highest rate in March | ₹ 50,700 on 9th March 2022 | ₹ 55,310 on 9th March 2022 |
Lowest rate in March | ₹ 46,700 on 1st March 2022 | ₹ 50,950 on 1st March 2022 |
Over all performance | Rising | Rising |
% change | +2.00% | +2.00% |
It is unarguably one of the most popular investment commodities here, with a majority of middle-class families participating. Consequently, this city is one of the largest domestic consumers of yellow metal.
Gold prices share a close relationship with the festivity schedule here, with the demand shooting up during the same. Locals don’t seem to shy away from investing in gold during the wedding seasons and festivals such as Durga Puja.
This investment is majorly in the form of jewels and ornaments, due to the cultural significance. However, the popularity of investing in bullions, bars, and coins is also slowly catching up.
Similarly, gold investments in Exchange Trade Funds (ETFs), gold sovereign bonds, gold futures, and gold mutual funds have also risen over the years. Storage security, ease of investment, and lack of making charges seem to be the major motivation for investing in electronic and digital gold.
Gold prices in Kolkata depend heavily on market fluctuations, availability, demand-supply equations, state taxes, octroi, gold purity, cost per gram, and inflation.
However, the price determinants aren’t restricted to the domestic boundaries. They also depend on the international gold prices, international gold trade policies, and rupee-dollar trends.
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