Stay ahead in the gold investment game with our comprehensive guide to the weekly trends, market analysis, and Gold price today in Kolkata (20.01.2024). Explore the dynamic landscape, understand Paka Sona and Khuchro Paka Sona categories, and make informed decisions in the vibrant gold market. Stay updated on economic indicators and global trends for strategic investments.
Kolkata, Saturday (January 20, 2024) – In the ever-changing landscape of investment, gold remains a steadfast and valuable commodity. Investors keen on making informed decisions regarding the purchase of this precious metal often look to the daily gold prices for guidance. Today, we delve into the dynamics of gold prices in Kolkata, providing insights to aid investors in their decision-making process.
Understanding Gold Prices in Kolkata
Before diving into the current gold prices, it is essential to grasp the significance of each type of gold available in the market. The prices are typically quoted for 1 gram and 10 grams, providing investors with a comprehensive view of the market trends. In Kolkata, the two primary categories are Paka Sona (hallmarked gold) and Khuchro Paka Sona (non-hallmarked gold). Additionally, Holmark Sona (hallmarked gold jewelry) is another option for those looking to invest in gold in a wearable form.
Today’s Gold Prices (January 20, 2024)
Paka Sona (Hallmarked Gold):
- 1 gram: ₹62,850 (+₹400.00)
- 10 grams: ₹6,28,500 (+₹4,000.00)
Khuchro Paka Sona (Non-Hallmarked Gold):
- 1 gram: ₹63,150 (+₹400.00)
- 10 grams: ₹6,31,500 (+₹4,000.00)
Hallmark Sona (Hallmarked Gold Jewelry):
- 1 gram: ₹60,050 (+₹350.00)
- 10 grams: ₹6,00,500 (+₹3,500.00)
It’s worth noting that the Goods and Services Tax (GST) and TCS (Tax Collected at Source) are separate and applicable to each category.
Weekly Price Trends
Changes Over the Past Week (January 12, 2024 – January 18, 2024)
| Date | Paka Sona (10g) | Khuchro Paka Sona (10g) | Hallmark Sona (10g) |
|---|---|---|---|
| January 18 | ₹63,050 (-₹350.00) | ₹63,400 (-₹350.00) | ₹60,300 (-₹350.00) |
| January 17 | ₹63,100 (-₹100.00) | ₹63,400 (-₹100.00) | ₹60,300 (-₹100.00) |
| January 16 | ₹63,200 (+₹100.00) | ₹63,500 (+₹100.00) | ₹60,400 (+₹150.00) |
| January 15 | ₹63,100 (₹0.00) | ₹63,400 (₹0.00) | ₹60,250 (₹0.00) |
| January 14 | ₹63,100 (+₹300.00) | ₹63,400 (+₹300.00) | ₹60,250 (+₹250.00) |
| January 13 | ₹62,800 (+₹100.00) | ₹63,100 (+₹100.00) | ₹60,000 (+₹100.00) |
| January 12 | ₹62,700 (-₹150.00) | ₹63,000 (-₹150.00) | ₹59,900 (-₹150.00) |
*GST and TCS are separate for each category.
Market Analysis and Conclusion
The recent fluctuations in gold prices suggest a dynamic market influenced by various factors. Economic indicators, global trends, and geopolitical events all contribute to the ever-changing landscape of gold prices. Investors are advised to stay informed and consider these fluctuations as part of the inherent nature of the precious metal market.
In conclusion, Kolkata’s gold market remains vibrant, with opportunities for investors to make strategic decisions based on the current trends. Keeping an eye on the daily and weekly fluctuations, coupled with an understanding of market dynamics, can empower investors to navigate the gold market successfully.