Gold holds a significant place in the lives of Bengalis, whether it’s for savings or adorning themselves with beautiful ornaments. The price of gold fluctuates regularly due to various economic factors, demand, and supply, making it a constant topic of interest for buyers and investors alike. When gold prices rise, it causes concern, and when they drop, it brings joy to those looking to purchase.
As of October 21, 2024, the price of hallmark gold in Kolkata stands at ₹7,445 per gram. This rate shows no change from the previous day. Let’s take a detailed look at the current prices for gold in Kolkata across different categories.
Gold Rates in Kolkata on Monday, October 21, 2024:
Hallmark Gold Jewelry (22 Carat)
- Price per gram: ₹7,445
- Price for 10 grams: ₹74,450
- Percentage change: 0.00%
Retail Pure Gold (24 Carat)
- Price per gram: ₹7,830
- Price for 10 grams: ₹78,300
- Percentage change: 0.00%
Gold Bars (24 Carat)
- Price per gram: ₹7,790
- Price for 10 grams: ₹77,900
- Percentage change: 0.00%
Please note that these prices do not include GST and TCS, which are charged separately.
Gold Price Trends in Kolkata (October 13 – October 20, 2024)
In the past week, the price of gold in Kolkata has shown fluctuations due to economic trends and global market shifts. Here’s how the prices have changed in the last seven days:
- October 20, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹74,450 (+₹450)
- Retail pure gold (24 Carat) for 10 grams: ₹78,300 (+₹450)
- Gold bars (24 Carat) for 10 grams: ₹77,900 (+₹400)
- October 19, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹74,000 (+₹550)
- Retail pure gold (24 Carat) for 10 grams: ₹77,850 (+₹550)
- Gold bars (24 Carat) for 10 grams: ₹77,500 (+₹600)
- October 18, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹73,450 (+₹800)
- Retail pure gold (24 Carat) for 10 grams: ₹77,300 (+₹850)
- Gold bars (24 Carat) for 10 grams: ₹76,900 (+₹850)
- October 17, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹72,650 (No change)
- Retail pure gold (24 Carat) for 10 grams: ₹76,450 (No change)
- Gold bars (24 Carat) for 10 grams: ₹76,050 (No change)
- October 16, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹72,650 (-₹200)
- Retail pure gold (24 Carat) for 10 grams: ₹76,450 (-₹200)
- Gold bars (24 Carat) for 10 grams: ₹76,050 (-₹200)
- October 15, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹72,850 (+₹1,150)
- Retail pure gold (24 Carat) for 10 grams: ₹76,650 (+₹1,250)
- Gold bars (24 Carat) for 10 grams: ₹76,250 (+₹1,200)
- October 14, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹71,700 (No change)
- Retail pure gold (24 Carat) for 10 grams: ₹75,400 (No change)
- Gold bars (24 Carat) for 10 grams: ₹75,050 (No change)
- October 13, 2024:
- Hallmark gold (22 Carat) for 10 grams: ₹71,700 (No change)
- Retail pure gold (24 Carat) for 10 grams: ₹75,400 (No change)
- Gold bars (24 Carat) for 10 grams: ₹75,050 (No change)
What Influences Gold Prices?
The price of gold is highly sensitive to multiple factors such as global economic conditions, currency exchange rates, inflation, and geopolitical tensions. Local demand and supply also play a key role in determining prices in cities like Kolkata. Investors and buyers often keep a close watch on these trends to make informed decisions about when to buy or sell gold.
Why Gold is Important for Bengalis:
Gold is not just a precious metal for Bengalis; it’s deeply rooted in cultural and economic practices. Whether it’s for jewelry, savings, or investments, the yellow metal holds sentimental and financial value. Gold prices influence not just personal buying behavior but also broader market conditions.