Today's Gold Rate in Malda

Cherished for its cultural significance and valued as a reliable investment, gold remains a prized asset across India. However, factors such as global trends and local market conditions influence gold prices. Moreover, gold rates vary from city to city, making it essential to stay updated.

 

Whether you are buying gold jewellery or as an investment, knowing daily price changes helps you make smart choices. If you reside in Malda, West Bengal, this guide will help you understand the gold rates in your city.

Gold prices in Malda continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.

 

Gold Prices on 1st April 2025

• 22-Karat Gold: ₹9,000 per gram
• 24-Karat Gold: ₹9,790 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,450 per gram
• 24-Karat Gold: ₹10,280 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 24th April 2025:

• 22-Karat Gold: ₹9,540 per gram
• 24-Karat Gold: ₹10,370 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 7th April 2025:

• 22-Karat Gold: ₹8,940 per gram
• 24-Karat Gold: ₹9,740 per gram

 

Overall Performance

Gold prices in Malda showed a +5.00% increase in April 2025.

Gold prices in Malda continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.

 

Gold Prices on 1st March 2025

• 22-Karat Gold: ₹8,780 per gram
• 24-Karat Gold: ₹9,570 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹9,000 per gram
• 24-Karat Gold: ₹9,790 per gram

 

Highest Gold Price in March 2025

The highest recorded price of gold during the month was on 22nd March 2025:

• 22-Karat Gold: ₹9,060 per gram
• 24-Karat Gold: ₹9,850 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 5th March 2025:

• 22-Karat Gold: ₹8,740 per gram
• 24-Karat Gold: ₹9,520 per gram

 

Overall Performance

Gold prices in Malda showed a +2.50% increase in March 2025.

Gold prices in Malda continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.

 

Gold Prices on 1st February 2025

• 22-Karat Gold: ₹8,550 per gram
• 24-Karat Gold: ₹9,320 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,780 per gram
• 24-Karat Gold: ₹9,570 per gram

 

Highest Gold Price in February 2025

The highest recorded price of gold during the month was on 15th February 2025:

• 22-Karat Gold: ₹8,820 per gram
• 24-Karat Gold: ₹9,610 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 4th February 2025:

• 22-Karat Gold: ₹8,500 per gram
• 24-Karat Gold: ₹9,280 per gram

 

Overall Performance

Gold prices in Malda showed a +2.69% increase in February 2025.

Several factors influence gold prices in Malda. Understanding these can help you make better investment decisions:

Global Market Trends

International demand and supply dynamics, geopolitical events, and currency fluctuations affect global gold prices, which, in turn, impact local rates.

Import Duty

India imports a significant amount of gold. Any change in import duties directly affects the final price of gold in Malda.

Inflation Rates

Gold is often considered a hedge against inflation. Higher inflation rates increase gold’s appeal, driving up its price.

Currency Exchange Rates

The value of the Indian Rupee against the US Dollar impacts gold prices since gold is traded globally in USD. A weaker Rupee leads to higher gold prices in India.

Local Demand

Seasonal and festive demand for gold in Malda significantly influences prices. Higher demand during weddings or festivals may push prices up.

Government Policies

Policies such as changes in gold reserves or investment-related regulations by the government or RBI can impact gold prices locally.

Interest Rates

Lower interest rates make gold a more attractive investment option compared to fixed-income assets, which can drive up prices.

Goods and Services Tax (GST) has a direct impact on the price of gold in Malda. Understanding these charges can help you estimate the total cost before making a purchase.

GST on Gold Purchase

A GST of 3% is levied on the value of gold at the time of purchase. This tax increases the overall cost of the gold item.

GST on Making Charges

An additional 5% GST is applied to the making charges of gold jewellery. This tax further adds to the final purchase price, especially for intricate designs with high making charges.

Overall Cost Implications

The combined GST on gold and making charges increases the affordability gap. Buyers in Malda should factor in these costs to ensure they stay within their budget.

Gold is a valuable asset often used as collateral for gold loans. The current gold rates play a crucial role in determining the amount you can borrow in Malda. When gold prices increase, the value of your pledged gold rises, allowing you to secure a higher loan amount. Conversely, a drop in gold prices results in a lower loan value.

 

If you are considering a gold loan, platforms like Bajaj Markets allow you to compare options from multiple lenders easily. With minimal paperwork and a quick application process, you can apply online and get access to funds conveniently.