Explore the latest Kolkata gold rates, decoding market trends and crucial factors influencing prices. Stay informed for wise investments in solid gold bars or exquisite hallmarked jewelry. Dive into the dynamic interplay of global trends, local demand, and regulatory factors shaping the city’s captivating gold market.
In the bustling city of Kolkata, where tradition and modernity seamlessly coexist, the allure of gold continues to captivate investors and adorn jewelry enthusiasts alike. Today, we delve into the current gold rates, deciphering the intricacies of this precious metal’s market trends.
Kolkata’s Gold Market Snapshot
Sunday, January 28, 2024
| Gold Type | 1 Gram Rate (INR) | 10 Gram Rate (INR) |
|---|---|---|
| Solid Gold Bar (9950/24 Karat) | 6,300 + ₹15.00 | 63,000 + ₹150.00 |
| Raw Solid Gold (9950/24 Karat) | 6,330 + ₹15.00 | 63,300 + ₹150.00 |
| Hallmarked Gold Jewelry (916/22 Karat) | 6,020 + ₹15.00 | 60,200 + ₹150.00 |
Saturday, January 27, 2024
| Gold Type | 1 Gram Rate (INR) | 10 Gram Rate (INR) |
|---|---|---|
| Solid Gold Bar (9950/24 Karat) | ₹6,285 – ₹0.00 | ₹62,850 – ₹0.00 |
| Raw Solid Gold (9950/24 Karat) | ₹6,315 – ₹0.00 | ₹63,150 – ₹0.00 |
| Hallmarked Gold Jewelry (916/22 Karat) | ₹6,005 – ₹0.00 | ₹60,050 – ₹0.00 |
Previous Week’s Overview (January 20, 2024 – January 26, 2024)
| Date | Solid Gold Bar (9950/24 Karat) – 10 Grams | Raw Solid Gold (9950/24 Karat) – 10 Grams | Hallmarked Gold Jewelry (916/22 Karat) – 10 Grams |
|---|---|---|---|
| January 26 | ₹62,850 – ₹150.00 | ₹63,150 – ₹150.00 | ₹60,100 – ₹100.00 |
| January 25 | ₹63,000 + ₹100.00 | ₹63,300 + ₹100.00 | ₹60,150 + ₹50.00 |
| January 24 | ₹62,900 – ₹0.00 | ₹63,200 – ₹0.00 | ₹60,100 – ₹0.00 |
| January 23 | ₹62,900 – ₹0.00 | ₹63,200 – ₹0.00 | ₹60,100 – ₹0.00 |
| January 22 | ₹62,900 – ₹0.00 | ₹63,200 – ₹0.00 | ₹60,100 – ₹0.00 |
| January 21 | ₹62,900 + ₹50.00 | ₹63,200 + ₹50.00 | ₹60,100 + ₹50.00 |
| January 20 | ₹62,850 + ₹400.00 | ₹63,150 + ₹400.00 | ₹60,050 + ₹350.00 |
Note: GST and TCS rates are separate.
Market Analysis and Trends
The gold market in Kolkata has witnessed subtle fluctuations over the past week. The 24 Karat gold rates for solid gold bars and raw gold have shown a slight decrease, while hallmarked gold jewelry rates have remained relatively stable.
Factors Influencing Gold Rates
- International Trends: Kolkata’s gold rates often reflect global market trends. Fluctuations in international gold prices, influenced by geopolitical events and economic indicators, play a crucial role.
- GST and TCS: Gold rates are also affected by the Goods and Services Tax (GST) and the Tax Collected at Source (TCS). Investors and buyers should be mindful of these additional costs.
- Local Demand: Seasonal variations and cultural events impact local demand, influencing the city’s gold rates. Festive seasons often witness a surge in gold purchases.
Conclusion
As we dissect Kolkata’s current gold rates, it’s evident that investors and jewelry enthusiasts must stay abreast of market dynamics. Whether you’re eyeing solid gold bars or exquisite hallmarked jewelry, understanding the factors shaping gold prices is crucial. The subtle nuances in the market can significantly impact your investment decisions.
In conclusion, Kolkata’s gold rates are a dynamic interplay of global trends, local demand, and regulatory factors. As the city continues to shine, both economically and culturally, its gold market remains an intriguing landscape for investors and connoisseurs alike.