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.

Here are some popular ways to invest in gold:

Physical Gold

This is the most traditional method of purchasing gold, including jewellery, ornaments, coins, bars, or biscuits. The cost varies based on the gold’s purity level, such as 18 karats, 22 karats, or 24 karats. You can purchase physical gold directly from jewellers or authorised dealers.

Digital Gold

Digital gold is an alternative for those who want to invest without worrying about storage risks. You can buy gold online with an investment starting as low as ₹1, and the equivalent amount of gold is stored securely in an insured vault. This option is convenient, accessible, and reduces the hassle of physically handling gold.

Gold Exchange-traded Funds (ETFs)

Gold ETFs are open-ended mutual fund schemes traded on stock exchanges like NSE and BSE. Each unit of a gold ETF is backed by physical gold. These ETFs allow you to invest in gold without physically owning it, and you can liquidate them easily as per your financial needs.

Gold Mutual Funds

Gold mutual funds invest in assets like gold mining companies, gold syndicates, or physical gold. These funds offer flexibility and convenience, with the option to start investing with as little as ₹500. They are a preferred choice if you are looking to diversify your portfolio without owning physical gold.

Sovereign Gold Bonds (SGBs)

SGBs are government-backed securities issued in grams of gold. These bonds are a secure and low-risk investment option as they are supported by the Reserve Bank of India (RBI). SGBs also offer periodic interest, adding to their appeal for long-term investors.

Before purchasing gold, there are several factors to keep in mind to ensure a wise investment:

Current Gold Rate

Gold prices fluctuate due to local and global factors. This helps you avoid overspending or making purchases at an unfavourable time. Therefore, it is recommended to check gold prices today in Malda, to make informed decisions.

Purity of Gold

Gold is available in various purity levels, such as 18 karats, 22 karats, and 24 karats. Higher purity levels mean higher prices. Always check the karat rating before purchasing to ensure you are getting what you pay for.

Trusted Jeweller

Choosing a reputable jeweller is essential to ensure the authenticity and quality of your gold. A well-known jeweller in Malda can offer certified gold and reliable customer service, giving you peace of mind about your purchase.

Hallmark Certification

Ensure the gold item you buy has a hallmark certification. This mark, issued by the Bureau of Indian Standards (BIS), verifies the purity of gold and provides details like the jeweller’s identity.

Making and Additional Charges

Gold items often come with added costs like making charges and taxes. These charges vary from one seller to another and can significantly increase the total cost. Be aware of these additional expenses to avoid overspending.

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.

To ensure the authenticity of gold, here are some reliable methods used to evaluate its purity:

Hallmark Certification

The Bureau of Indian Standards (BIS) hallmark is the most trusted indicator of gold purity in India. It includes the BIS logo, the purity level in karats, and a unique Hallmark Unique Identification (HUID) number. Always check for this certification before purchasing gold in Malda.

Density Test

Gold’s density is higher than most metals. Comparing the density of the item to that of pure gold can help determine its purity. A significant variation indicates impurities in the gold.

Magnet Test

Pure gold is non-magnetic. By bringing a magnet near the gold item, you can check for the presence of other metals. If the item is attracted to the magnet, it may not be pure gold.

Visual Inspection

A quick visual check can reveal tarnished or discoloured areas. Pure gold does not corrode or discolour over time, even when exposed to moisture or sweat.

Nitric Acid Test

This test involves scratching the gold item and applying a few drops of nitric acid. If a chemical reaction or colour change occurs, the gold may contain impurities. It is best to conduct this test with professional assistance for safety.

X-Ray Fluorescence Testing

Modern jewellers often use X-ray fluorescence machines to check the composition of gold. This method provides accurate results without damaging the item.

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.