Gold Rate Today in Kolkata

Gold Rate in Kolkata

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Gold Rate Today in Kolkata

Have you ever wondered why gold prices in Kolkata vary so much from those in other cities? Kolkata is a port city which is why gold can be imported considerably more easily. If the city's tariffs differed, Kolkata's gold rates today would be substantially higher than those of other cities. The cost of transportation plays a major part in deciding the price of gold once again. Because there are so many fees and charges involved in India, the buyer ends up paying significantly more than international rates. So, the best thing you can do to generate money is to keep a track of the prices.


24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram ₹ 5,411 ₹ 5,395 ₹ 16
8 Gram ₹ 43,288 ₹ 43,160 ₹ 128
10 Gram ₹ 54,110 ₹ 53,950 ₹ 160
100 Gram ₹ 5,41,100 ₹ 5,39,500 ₹ 1,600

22 & 24 Carat Gold Rate in Kolkata for Last 10 Days

Gold price in Kolakta with fluctuations in the last few days, is shown below:




1 Gram

10 Gram

1 Gram

10 Gram

Dec 05, 2022 ₹ 4,960.00 ₹ 49,600.00 ₹ 5,411.00 ₹ 54,110.00
Dec 04, 2022 ₹ 4,945.00 ₹ 49,450.00 ₹ 5,395.00 ₹ 53,950.00
Dec 03, 2022 ₹ 4,945.00 ₹ 49,450.00 ₹ 5,395.00 ₹ 53,950.00
Dec 02, 2022 ₹ 4,925.00 ₹ 49,250.00 ₹ 5,373.00 ₹ 53,730.00
Dec 01, 2022 ₹ 4,578.00 ₹ 45,780.00 ₹ 5,318.00 ₹ 53,180.00
Nov 30, 2022 ₹ 4,850.00 ₹ 48,550.00 ₹ 5,297.00 ₹ 52,970.00
Nov 29, 2022 ₹ 4,846.00 ₹ 48,460.00 ₹ 5,288.00 ₹ 52,880.00
Nov 28, 2022 ₹ 4,856.00 ₹ 48,560.00 ₹ 5,298.00 ₹ 52,980.00
Nov 27, 2022 ₹ 4,856.00 ₹ 48,560.00 ₹ 5,298.00 ₹ 52,980.00
Nov 26, 2022 ₹ 4,855.00 ₹ 48,550.00 ₹ 5,297.00 ₹ 52,970.00

In Kolkata, how often do prices change?

In the city of Kolkata, gold prices generally fluctuate twice a day. However, predicting when prices will shift is extremely difficult. It would take time for the pricing to be distributed to jewellers, and some would have modified their gold rates, while others would not.


What if a consumer is checking out gold at a specific price and then notices that the price has changed? Would he renegotiate the prices from the ground up? This is very likely, albeit the jeweller may offer him the initial price at which he viewed the gold and decided to buy it. In any case, as previously said, gold prices in Kolkata do not fluctuate at any given period. In fact, there are occasions when the precious metal does not move at all, resulting in prices that are nearly flat or barely moved. So buy when you're happy with the pricing.

How is the Purity of Gold Determined?

This is a question that no one seems to care about these days. Until a few years ago, gold investors and consumers would wonder aloud whether this was KDM gold. The reason for this is because KDM was easily repurchased by jewellers, and it was the most popular. However, there was a concern that alloying with Cadmium could be hazardous to employees and cause skin allergies. In today's gold sector, this is nearly unheard of. Hallmarked gold, on the other hand, is distinct in that it only guarantees the purity of the metal through the country's several essaying centres.


Let's imagine you want to acquire high-quality gold. The only method to do so is to get essayed gold, also known as hallmarked gold. This assures that gold is pure, and a buyer feels secure in his purchase since he knows he is getting quality and purity. 

Importing Gold into kolkata

Consider the following: Gold prices in Kolkata were barely over Rs 3100 until January 2002. Today's gold rates in Kolkata have risen to Rs 28,500 for 10 grammes and Rs 22,500 for 22 grammes. So, in the previous 11 years or so, gold prices have increased by over 850 percent. When we try to figure out why gold prices have risen in Kolkata, the answer is always the same: the risk factor. Let's take a look at what's going on here. The most important factor influencing gold prices in Kolkata, as in every other city around the world, is the risk factor.


As investors became more risk cautious after 2008, gold prices doubled. This is likely to have resulted in a significant increase in demand in Kolkata. In any case, the country has always seen a continuous influx of demand from a diverse range of people. In fact, the desire for it has never been lower, and we should see much more of it in the future. It's unclear whether gold prices in Kolkata will triple in the next several years, as they have in the past. However, it is important to note that there is a strong likelihood that gold will remain flat at current levels. 


While the history of gold prices soaring has remained fascinating, the key question is whether gold prices in Kolkata would acquire traction now as they have in the past. If it doesn't, what was the point of investing in it in the first place? While gold's historical price trend has always been fascinating, it is unlikely that prices will rise in the same way they have in the past. We need to comprehend the finer intricacies of market swings in order for gold to rise. The risk-to-reward ratio is no longer favourable.

Why Do Gold Rates in Kolkata Fluctuate?

When it comes to buying gold in Kolkata, you have a variety of possibilities. You must, however, select the finest option. The exchange traded funds, we believe, are the ideal option for gold aficionados in the city. It's unfortunate that few people know everything there is to know about something or have any desire to purchase it. However, if you don't want to pay for making and other fees, such as the cost of storing these Gold Exchange Traded Funds in an expensive locker, these Gold Exchange Traded Funds are not for you. Remember that while ETfs are popular around the world, they have yet to capture the attention of Indian investors.They are quite popular instruments in other countries, and people invest considerably in them. In India, we choose more conventional instruments such as gold coins and bars, which have recently gained popularity. However, there are some issues that have long been connected with these instruments that do not make them very appealing. Gold coins and bars are taxed, and you will not be reimbursed for the making charges if you lose your jewellery. In any case, these are the fees we pay while purchasing gold in Kolkata.


You have so many possibilities these days that you should not be restricted to just one rate. The more you buy, the greater the risk you're taking. To avoid a sudden steep decrease in the price of gold, it is a good idea to buy in tiny amounts. Buy in little increments, which will provide some protection against a rapid drop. The government has been attempting to sell sovereign gold bonds but has not been successful. Nobody seemed to be interested in these bonds at the moment.In short, if you're trying to buy gold, this should definitely be the last option on your list. At the time, there was little need to invest in this form of gold. As a result, staying away from it is a wise idea. You are free to make your own decision and invest in whichever product you like. What we're telling our investors is that they have a lot of options and can make their own decisions when it comes to investing in metal. However, for quality assurance, carefully select the jewellers. There are numerous options available nowadays, and one must exercise caution when purchasing. It should only be purchased on a decreased opportunity.

How You Can Make Gold Investments in kolkata

If you are not a significant investor who wants to buy massive gold bars, you can purchase gold coins in India, which are available in a variety of shapes, sizes, and kinds. One gramme, two gramme, four gramme, and ten gramme weights are among them. However, one thing to keep in mind is that you should buy smaller gold coins in Kolkata since they provide higher liquidity. Before you purchase something, you should be cautious and verify for purity. It's conceivable that you'll receive counterfeit coins from time to time. As a result, you must conduct your own research.

Points to Remember when Buying Gold in Kolkata

It is critical to obtain a bill before purchasing gold in Kolkata. Of course, if you accept a bill, you will be subject to the necessary taxes. However, even if it means inflating your bill, you must pay the required taxes. Of course, if you get a bill and the gold jewellery you bought costs more than Rs 50,000, you'll have to provide your PAN card number. There are numerous advantages to accepting a bill these days. The most important of these is when you need to trade your gold. The goldsmith will almost certainly want the receipt.


If you want to sell your gold, the buyer will ask for a receipt to ensure that the transactions were legitimate and that the gold was not stolen. So, in a nutshell, always get a receipt for your gold. 

Gold as an Investment in kolkata

If you're an investor, a Sovereign Gold Bond is a better option than physically holding gold. There will be no dangers or costs associated with storage. The amount will be determined by the gold rate in Kolkata on that particular day. One of the major advantages of gold bonds is that they are free of difficulties such as cost and gold purity. The only danger you'll face as a result of the gold bond is that you'll lose money if the market gold price in Kolkata falls. Gold Bonds are sold in one-gram increments. The minimum amount invested in the Bond will be two grammes, with a maximum purchase restriction of 500 grammes per individual.

Kolkata's fondness for gold is well-known

Gold and other gold-related precious jewellery have always been popular in Kolkata. In fact, Kolkata, and Bengal in general, is rapidly becoming an important trade hub. Many jewellery businesses have been established by many immigration from the West throughout the years.


Gold is now available in a variety of styles and shapes in Kolkata, and it is a popular item. Kolkata's gold rates are comparable to those in several other cities around the country. Of course, gold rates vary across India due to numerous local and other levies that change from place to place and area to region. In any case, rising gold prices in Kolkata and India are not deterring people who want to buy and invest in gold. We recommend that you wait for gold prices in Kolkata to drop before purchasing it because they are now quite expensive. 

Factors that Affects Gold Prices in kolkata

Gold prices in Kolkata fluctuate daily due to a variety of factors. The first and most important reason is that it is influenced by global variables, whereas demand is less important. Currency fluctuations, mining activity, and broader economic and political considerations are all significant influences. The more the political dangers, the larger gold's potential surge. Local considerations, on the other hand, have a significant part in deciding how gold rates in Kolkata change. It is impossible to forecast which way gold will move. So, even if you're thinking about doing the same, we advise against it. In fact, if you want to purchase precious metals in tiny quantities, you can do so. Predicting gold prices is always risky, and no investor has ever profited from market timing.

Where can I buy gold coins in Kolkata and how do I go about doing so?

For a variety of reasons, gold coins are the most popular gold investment. One of the main reasons is that when you sell silver jewellery, you earn more money than when you sell gold jewellery. Another point to consider is that while any jeweller could buy a gold coin from you, this is not the case with jewellery. For example, every valuable ornament maker except the one who sold you the precious metal may not buy it from you. You'd also need to submit a receipt for that.


Imported gold coins are also available from the country's major banks. However, before you buy into them, make sure to check for quality and purity. Some gold coins come in tamper-proof casings, which you could possibly purchase from one of the country's banks. This will provide you some peace of mind and ensure that the metal being sold is of good quality.

GST Impact on Gold Rate in kolkata

Gold prices in Kolkata are mostly determined by two factors: international gold prices and currency fluctuations. As a result, if the rupee depreciates against the US dollar, gold prices in Kolkata will rise. On the other hand, if gold prices rise internationally, gold rates in Kolkata will rise as well. As a result, keeping an eye on gold rates in the international market is critical for determining the trend in domestic markets. Keep an eye on the MCX, which is where gold is traded in the futures market. This will provide you with a fair picture of the gold trend in Kolkata.


Keep an eye on the MCX, which is where gold is traded in the futures market. This will provide you with a fair picture of the gold trend in Kolkata. Overall, always double-check prices before purchasing gold. If prices have risen too quickly, simply wait for them to fall before purchasing. A better approach would be to acquire gold at regular intervals and average the prices. The price of gold would then be averaged out.

Kolkata's gold history

Since ancient times, Kolkata and the entire state of West Bengal have had a fascination with gold. The city was also home to some of the country's best artisans, who specialised in gold and jewellery.The city was home to some of the best gold jewellery in the world. Many well-known chains are also available. However, only purchase gold in Kolkata when prices are low. Global gold demand is on the rise. Global gold demand has been on the rise, with demand increasing nearly 15% in the quarter ended June 30, 2017. Given the abundance of liquidity in the global financial system, this is an incredibly positive trend. Not only has this increased gold demand, but it has also increased gold prices.

Why should gold be pursued by investors in Kolkata?

There are numerous reasons to purchase gold in Kolkata. One of the most important of these benefits is that gold has shown to be an excellent inflation hedge. In fact, gold prices in Kolkata have tripled since 2008, despite the fact that inflation has not kept pace. In addition, demand for gold and gold jewellery has soared, while true supply shortages have driven gold prices higher. Despite all efforts to discourage investors from purchasing gold, many people continue to do so. As a result, there has been a shortfall, which has definitely driven gold prices higher in Kolkata and India. We are not seeing any political tensions at the moment.However, if this occurs, gold prices may fall, indicating that the value of your gold has increased. In any case, don't put all of your money into gold; only a portion of it.

Gold Rate in Other Locations

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