The price of gold has been on a steady upward trajectory in the international market, setting new records as 2024 unfolds. At the beginning of the year, gold was valued at $2,058 per ounce. However, by February, it dipped to a low of $1,992. Since then, the precious metal has seen a resurgence, reaching a record $2,740 in October. Analysts point to a number of factors that continue to influence the rise in gold prices, ranging from economic uncertainties to shifts in global demand.
With the ongoing increase, experts predict that gold’s demand will only continue to grow in the coming months, which could lead to further price hikes. For those considering a gold purchase, now might be a strategic time to secure this valuable asset. However, checking the latest rates before purchasing is essential, especially as prices can fluctuate daily.
Today, Friday, November 8, 2024, the price of hallmark gold in Kolkata is as follows:
- Hallmark Gold Jewelry (916/22 Carat, 10 grams): ₹73,550 (down by ₹1,500)
- Retail Pure Gold (9950/24 Carat, 10 grams): ₹77,350 (down by ₹1,600)
- Gold Bars (9950/24 Carat, 10 grams): ₹77,000 (down by ₹1,550)
Note: GST and TCS are applicable separately.
For the past week, gold prices in Kolkata have shown slight volatility, reflecting international trends. Below is the pricing pattern from October 31 to November 7:
| Date | Hallmark Gold Jewelry (916/22 Carat, 10 grams) | Retail Pure Gold (9950/24 Carat, 10 grams) | Gold Bars (9950/24 Carat, 10 grams) |
|---|---|---|---|
| November 7 | ₹75,050 | ₹78,950 | ₹78,550 |
| November 6 | ₹75,150 | ₹79,050 | ₹78,650 |
| November 5 | ₹75,150 | ₹79,050 | ₹78,650 |
| November 4 | ₹75,150 | ₹79,100 | ₹78,700 |
| November 3 | ₹75,150 | ₹79,100 | ₹78,700 |
| November 2 | ₹76,150 | ₹80,100 | ₹79,700 |
| November 1 | ₹76,150 | ₹80,100 | ₹79,700 |
| October 31 | ₹76,250 | ₹80,200 | ₹79,800 |
For anyone looking to invest, monitoring price trends is crucial to make an informed decision. Gold remains a trusted asset for safeguarding wealth during uncertain economic times, and with demand on the rise, prices could escalate further. Whether for personal use or investment, ensuring an updated check on rates could prove beneficial.