Gold rates in Kolkota
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
24K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
22K Gold / 10gm
05th Jan '24
₹69,000.00
-260.00 (0.39%)
Gold is the favored commodity among Indian households, commonly purchased as jewelry and traditionally used as an investment. Considered essential for special occasions, gold also serves as collateral for loans.
Despite varying economic conditions, the demand for gold consistently remains strong. This trend is prevalent across India, with Kolkata following suit as a city where gold is extensively acquired.
Gold is the favored commodity among Indian households, commonly purchased as jewelry and traditionally used as an investment. Considered essential for special occasions, gold also serves as collateral for loans.
Despite varying economic conditions, the demand for gold consistently remains strong. This trend is prevalent across India, with Kolkata following suit as a city where gold is extensively acquired.
24K Gold Rates Per Gram in Kolkota
Grams
Today
Yesterday
02 years
₹15,000
₹4.1 Lakhs
05 years
₹15,000
₹12.4 Lakhs
10 years
₹15,000
₹34.9 Lakhs
15 years
₹15,000
₹75.7 Lakhs
22K Gold Rates Per Gram in Kolkota
24K Gold Rates Per Gram in Kolkota
Grams
Today
Yesterday
1 Gram
₹15,000
₹4.1 Lakhs
₹15,000
8 Gram
₹15,000
₹12.4 Lakhs
₹15,000
10 Gram
₹15,000
₹34.9 Lakhs
₹15,000
12 Gram (1 Tola)
₹15,000
₹75.7 Lakhs
₹15,000
22K Gold Rates Per Gram in Kolkota
Grams
Today
Yesterday
1 Gram
₹15,000.00
₹15,000.00
8 Gram
₹15,000
₹15,000.00
10 Gram
₹15,000
₹15,000.00
12 Gram (1 Tola)
₹15,000
₹15,000.00
Factors Affecting Gold rates in Kolkota
The pricing of gold varies across different cities in India due to several factors.
Import Costs:
A significant factor is logistics. With India hosting very few gold mines, the country compensates by importing gold from nations such as Switzerland, Saudi Arabia, the USA, Ghana, Peru, and Bolivia, among others. The logistics involved in these imports directly affect gold prices.
Demand and Supply Dynamics:
The demand for gold, particularly during periods of heightened interest, prompts the Central Bank to import more gold, influencing a rise in prices as a result.
Indian Rupee's Strength Against the US Dollar:
The exchange rate between the Indian Rupee and the US Dollar plays a crucial role. For example, if the Rupee strengthens against the Dollar, moving from Rs. 64 to Rs. 62 per USD, the cost of importing gold decreases, leading to lower gold rates. Conversely, if the Rupee weakens, gold prices tend to increase.
Seasonal Demand:
Gold prices in Kolkata also fluctuate with seasonal demands, such as during festivals, weddings, and other significant occasions, affecting the market prices of gold in the region.
These factors collectively contribute to the dynamic pricing of gold in Kolkata, reflecting the complex interplay between global markets, national economic policies, and local cultural practices.
The pricing of gold varies across different cities in India due to several factors.
Import Costs:
A significant factor is logistics. With India hosting very few gold mines, the country compensates by importing gold from nations such as Switzerland, Saudi Arabia, the USA, Ghana, Peru, and Bolivia, among others. The logistics involved in these imports directly affect gold prices.
Demand and Supply Dynamics:
The demand for gold, particularly during periods of heightened interest, prompts the Central Bank to import more gold, influencing a rise in prices as a result.
Indian Rupee's Strength Against the US Dollar:
The exchange rate between the Indian Rupee and the US Dollar plays a crucial role. For example, if the Rupee strengthens against the Dollar, moving from Rs. 64 to Rs. 62 per USD, the cost of importing gold decreases, leading to lower gold rates. Conversely, if the Rupee weakens, gold prices tend to increase.
Seasonal Demand:
Gold prices in Kolkata also fluctuate with seasonal demands, such as during festivals, weddings, and other significant occasions, affecting the market prices of gold in the region.
These factors collectively contribute to the dynamic pricing of gold in Kolkata, reflecting the complex interplay between global markets, national economic policies, and local cultural practices.
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
Historical Gold Rates in India for the Last 10 Days
DAY
22K Gold
24K Gold
31 Dec 2023
₹63,305.00
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305.90
0.00%
₹63,305.00
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
31 Dec 2023
₹63,305
0.00%
₹63,305
0.00%
How is the purity of gold calculated in Kolkota
Assessing Gold Purity in Kolkata:
In Kolkata, the Indian Bullion Association regulates the assessment of gold purity and pricing, mandating hallmarking on all gold items as a mark of their purity.
Similar to other regions, the price of gold in Kolkata is shaped by the trends in the global market.
Given that India does not partake in gold mining, variations in the international markets significantly influence the buying power of both importers and the general populace in Kolkata, affecting their ability to procure gold.
Assessing Gold Purity in Kolkata:
In Kolkata, the Indian Bullion Association regulates the assessment of gold purity and pricing, mandating hallmarking on all gold items as a mark of their purity.
Similar to other regions, the price of gold in Kolkata is shaped by the trends in the global market.
Given that India does not partake in gold mining, variations in the international markets significantly influence the buying power of both importers and the general populace in Kolkata, affecting their ability to procure gold.
Necessary Documentation for Gold Investment in Kolkota
Necessary Documentation for Gold Investments:
An investment exceeding Rs. 2 lakhs necessitates the submission of a PAN card along with a valid proof of address.
To invest in Gold ETFs (Exchange-Traded Funds), it is required to establish both a brokerage and a Demat account with the firm selling the ETFs.
Engaging in SGBs (Sovereign Gold Bonds) or digital gold investments typically involves minimal documentation and does not require the setup of a Demat account.
For investments in gold mutual funds, both a brokerage and a Demat account are essential.
Necessary Documentation for Gold Investments:
An investment exceeding Rs. 2 lakhs necessitates the submission of a PAN card along with a valid proof of address.
To invest in Gold ETFs (Exchange-Traded Funds), it is required to establish both a brokerage and a Demat account with the firm selling the ETFs.
Engaging in SGBs (Sovereign Gold Bonds) or digital gold investments typically involves minimal documentation and does not require the setup of a Demat account.
For investments in gold mutual funds, both a brokerage and a Demat account are essential.
Gold Rates in Top cities
CITY
22K Gold
24K Gold
Delhi
₹65,000
0.00%
₹65,000
0.00%
Kolkata
₹65,000
0.00%
₹65,000
0.00%
Mumbai
₹65,000
0.00%
₹65,000
0.00%
Chennai
₹65,000
0.00%
₹65,000
0.00%
Jaipur
₹65,000
0.00%
₹65,000
0.00%
Key Factors to Consider When Purchasing Gold in Kolkota
When purchasing gold, it's essential to consider several critical factors to ensure a wise investment. Here's a detailed guide on what to look for:
Check the Gold Price Per Gram
Gold prices fluctuate daily based on market conditions. Before making a purchase, verify the current price per gram of gold. This will help you compare prices among different sellers and ensure you're getting a fair deal. Checking the price also helps you understand the market trend, whether it's a good time to buy or sell.
Collect the Bill
Always insist on receiving a bill for your gold purchase. The bill should detail the gold's weight, purity, price, and any applicable taxes. This document is crucial for future references, such as resale or exchange, and serves as proof of authenticity and purchase. It also ensures transparency in the transaction and can be used for warranty claims if applicable.
Know About Different Purity Levels
Gold's value is determined by its purity, which is measured in karats (K). The most common purities are 24K (pure gold), 22K (92% gold and 8% alloy), 18K (75% gold), and 14K (58.3% gold). Understanding these levels helps you make an informed decision based on the purpose of your purchase. For instance, 22K gold is preferable for jewelry due to its durability, while 24K gold is ideal for investment purposes.
Ensure Certification
Certification by a reputable authority, such as the Bureau of Indian Standards (BIS) in India, guarantees the gold's purity. A hallmark from BIS includes several marks: the BIS logo, purity/fineness grade, assaying center's identification mark, and jeweler's identification mark. Certification assures you of the gold's quality and serves as a safeguard against fraud.
Be Aware of the Buy-Back Terms
Before purchasing gold, inquire about the seller's buy-back terms. These terms define the conditions under which the seller would buy back the gold in the future. Knowing these terms helps you understand the resale value and liquidity of your gold. Some sellers offer better buy-back rates for items purchased from them, while others may deduct making charges or offer the prevailing market rate.
By keeping these points in mind, you can make a more secure and informed gold purchase, whether for investment, personal use, or as a gift.
When purchasing gold, it's essential to consider several critical factors to ensure a wise investment. Here's a detailed guide on what to look for:
Check the Gold Price Per Gram
Gold prices fluctuate daily based on market conditions. Before making a purchase, verify the current price per gram of gold. This will help you compare prices among different sellers and ensure you're getting a fair deal. Checking the price also helps you understand the market trend, whether it's a good time to buy or sell.
Collect the Bill
Always insist on receiving a bill for your gold purchase. The bill should detail the gold's weight, purity, price, and any applicable taxes. This document is crucial for future references, such as resale or exchange, and serves as proof of authenticity and purchase. It also ensures transparency in the transaction and can be used for warranty claims if applicable.
Know About Different Purity Levels
Gold's value is determined by its purity, which is measured in karats (K). The most common purities are 24K (pure gold), 22K (92% gold and 8% alloy), 18K (75% gold), and 14K (58.3% gold). Understanding these levels helps you make an informed decision based on the purpose of your purchase. For instance, 22K gold is preferable for jewelry due to its durability, while 24K gold is ideal for investment purposes.
Ensure Certification
Certification by a reputable authority, such as the Bureau of Indian Standards (BIS) in India, guarantees the gold's purity. A hallmark from BIS includes several marks: the BIS logo, purity/fineness grade, assaying center's identification mark, and jeweler's identification mark. Certification assures you of the gold's quality and serves as a safeguard against fraud.
Be Aware of the Buy-Back Terms
Before purchasing gold, inquire about the seller's buy-back terms. These terms define the conditions under which the seller would buy back the gold in the future. Knowing these terms helps you understand the resale value and liquidity of your gold. Some sellers offer better buy-back rates for items purchased from them, while others may deduct making charges or offer the prevailing market rate.
By keeping these points in mind, you can make a more secure and informed gold purchase, whether for investment, personal use, or as a gift.
FAQs on Gold Rates in Kolkota
What is the current live gold price in Kolkata?
The live gold price in Kolkata changes daily; for the most accurate rate, check a reputable financial news website or consult with a trusted local jeweler.
How often do gold prices fluctuate in Kolkata?
Gold prices in Kolkata can fluctuate throughout the day, influenced by global market conditions and local demand.
What factors impact the gold price in Kolkata?
Factors affecting gold prices in Kolkata include global gold market trends, the exchange rate of the Indian Rupee against the US Dollar, import costs, and local demand driven by festivals and wedding seasons.
Where can I find reliable gold prices for Kolkata?
Reliable gold prices for Kolkata can be found on reputable financial websites, gold tracking apps, or by inquiring directly with established jewelers in the city.
Are gold prices the same across all jewelers in Kolkata?
While the base rate for gold may be consistent, additional charges such as making fees and GST can lead to price variations among different jewelers in Kolkata.
What is the current live gold price in Kolkata?
The live gold price in Kolkata changes daily; for the most accurate rate, check a reputable financial news website or consult with a trusted local jeweler.
How often do gold prices fluctuate in Kolkata?
Gold prices in Kolkata can fluctuate throughout the day, influenced by global market conditions and local demand.
What factors impact the gold price in Kolkata?
Factors affecting gold prices in Kolkata include global gold market trends, the exchange rate of the Indian Rupee against the US Dollar, import costs, and local demand driven by festivals and wedding seasons.
Where can I find reliable gold prices for Kolkata?
Reliable gold prices for Kolkata can be found on reputable financial websites, gold tracking apps, or by inquiring directly with established jewelers in the city.
Are gold prices the same across all jewelers in Kolkata?
While the base rate for gold may be consistent, additional charges such as making fees and GST can lead to price variations among different jewelers in Kolkata.
Gold Rates in Top cities
City
22k Gold
24k Gold
Delhi
₹15,000.00
₹15,000.00
₹15,000.00
₹15,000.00
Kolkota
₹15,000
₹15,000.00
₹15,000.00
Mumbai
₹15,000
₹15,000.00
Chennai
₹15,000
₹15,000.00
Jaipur
₹15,000
₹15,000.00
Author
Harish Malhi
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