Gold holds a significant place in Bengali culture, be it as an investment or for adornment. Any change in gold prices—upward or downward—immediately impacts sentiment. On November 7, 2024, hallmark gold jewelry was priced at ₹7,505 per gram in Kolkata, a slight decrease of 0.13% from the previous day. Market fluctuations in the price of gold are largely influenced by global economic conditions, supply, and demand.
Current Gold Prices in Kolkata (7th November 2024):
- Hallmark Gold Jewelry (916/22K):
- 1 gram – ₹7,505 (down by ₹10)
- 10 grams – ₹75,050 (down by ₹100)
- Retail Pure Gold (995/24K):
- 1 gram – ₹7,895 (down by ₹10)
- 10 grams – ₹78,950 (down by ₹100)
- Pure Gold Bar (995/24K):
- 1 gram – ₹7,855 (down by ₹10)
- 10 grams – ₹78,550 (down by ₹100)
(Please note: Prices exclude GST and TCS)
Kolkata Gold Price Trends (30th October – 6th November 2024):
Over the last week, the price of hallmark gold jewelry has seen a series of minor fluctuations. On October 31, the price saw a notable increase of ₹850 per 10 grams, reaching ₹76,250. However, by November 3, prices decreased by ₹1,000, settling at ₹75,150. Retail pure gold and pure gold bars followed a similar trend, indicating a steady shift influenced by market demand and global conditions.
Key Price Changes Over the Past Week (per 10 grams):
- 6th November: ₹75,150
- 3rd November: Price dropped by ₹1,000
- 31st October: Price increased by ₹850
With economic factors at play, gold prices are likely to continue fluctuating in the near future. Buyers and investors are encouraged to keep track of market movements.