Only 4000 Rupees, Huge Gold Price Drops in Kolkata Today, Perfect Time for Buyers to Invest in Jewelry
In early November, the gold market has brought some relief to buyers as prices have dropped significantly over the past few days. International market fluctuations have impacted local gold prices, creating an excellent opportunity for those planning to buy jewelry for weddings or other celebrations. Many buyers are now keen on making purchases to take advantage of the reduced rates.
Today, the price of 10 grams of 22-carat gold stands at ₹72,350, while 10 grams of 24-carat gold is priced at ₹79,360. This decrease in gold prices has attracted more customers to jewelry shops, as many consider this the perfect time to invest in gold. Analysts suggest that buyers planning to purchase in advance should act quickly to secure these favorable rates.
In Kolkata, there was a massive drop in gold prices, with a ₹2,200 decline within just 12 hours, leading to a significant market buzz. Such fluctuations have made many potential buyers curious, while regular investors are monitoring the market closely.
Experts believe that the recent fall in gold prices could be temporary due to global inflationary pressures. They recommend buyers take advantage of this dip as prices might rise again soon.
Weekly Gold Price Changes in Kolkata (November 2 – November 9, 2024)
Over the past week, Kolkata has witnessed considerable shifts in gold prices. On November 8, the price of 10 grams of 22-carat gold dropped by ₹1,500, while the price of 10 grams of 24-carat gold decreased by ₹1,600. This dramatic fluctuation in gold prices has led to uncertainty among investors, as such volatility makes gold price forecasts challenging.