Gold Price Today in Kolkata, November 9, 2024: A Significant Drop in Gold Rates, Down by INR 2100 Over a Week
As of today, November 9, 2024, the price of hallmark gold jewelry in Kolkata stands at INR 74,050 per 10 grams for 916 purity (22 karat), indicating a 0.68% change compared to the previous day. This decline marks a significant shift from the recent upward trend in gold prices. Here’s the detailed price breakdown:
- 916 Hallmark Gold Jewelry (22K)
- 1 Gram: INR 7,405 (+50)
- 10 Grams: INR 74,050 (+500)
- Retail Pure Gold (9950/24K)
- 1 Gram: INR 7,790 (+55)
- 10 Grams: INR 77,900 (+550)
- Pure Gold Bullion (9950/24K)
- 1 Gram: INR 7,750 (+50)
- 10 Grams: INR 77,500 (+500)
Note: GST and TCS are applicable separately.
Price Fluctuations Over the Past Week (November 1-8, 2024)
Gold prices in Kolkata have experienced a notable decline over the past week, with hallmark gold prices decreasing by INR 2100 per 10 grams. Here’s how the prices trended daily:
| Date | Hallmark Gold Jewelry (916/22K per 10g) | Retail Pure Gold (9950/24K per 10g) | Pure Gold Bullion (9950/24K per 10g) |
|---|---|---|---|
| Nov 8 | ₹73,550 (-1,500) | ₹77,350 (-1,600) | ₹77,000 (-1,550) |
| Nov 7 | ₹75,050 (-100) | ₹78,950 (-100) | ₹78,550 (-100) |
| Nov 6 | ₹75,150 (0) | ₹79,050 (0) | ₹78,650 (0) |
| Nov 5 | ₹75,150 (0) | ₹79,050 (-50) | ₹78,650 (-50) |
| Nov 4 | ₹75,150 (0) | ₹79,100 (0) | ₹78,700 (0) |
| Nov 3 | ₹75,150 (-1,000) | ₹79,100 (-1,000) | ₹78,700 (-1,000) |
| Nov 2 | ₹76,150 (0) | ₹80,100 (0) | ₹79,700 (0) |
| Nov 1 | ₹76,150 (-100) | ₹80,100 (-100) | ₹79,700 (-100) |
Key Observations
- Steady Decline in Hallmark Gold: The hallmark gold jewelry rate has seen a gradual decrease, dropping by INR 2100 in just seven days.
- Retail Pure Gold Trends: Retail pure gold has decreased by INR 2750 over the past week, driven by external factors such as international gold prices and currency fluctuations.
- Market Impact: This consistent drop in prices could attract buyers who had postponed their gold investments in anticipation of lower rates.
The drop in gold prices in Kolkata signals a potentially favorable opportunity for buyers, especially for hallmark gold and bullion investors. While the recent trend shows a decrease, it’s crucial for prospective buyers to keep an eye on market factors that might influence upcoming rates.