Gold has always held a special place in Bengali life, whether for investment or adornment. As a symbol of wealth and tradition, the fluctuating price of gold is closely monitored by buyers. When gold prices increase, worries set in, but when prices drop, it’s a moment of joy for those looking to buy. The price of gold, also known as the “yellow metal,” changes regularly based on global economic factors, supply-demand trends, and geopolitical events. Here, we’ll take a look at the gold rates in Kolkata on October 28, 2024, for different categories.
Today, October 28, 2024, in Kolkata, the price of 1 gram of hallmarked 22-carat jewelry gold is ₹7,560, with no change from the previous day’s rate. Similarly, the price of retail 24-carat pure gold and bullion bars has remained stable as well.
Today’s Gold Price in Kolkata (October 28, 2024)
Hallmarked Jewelry Gold (22 Carat, 916 Purity)
- 1 Gram: ₹7,560
- 10 Grams: ₹75,600
Retail Pure Gold (24 Carat, 995 Purity)
- 1 Gram: ₹7,955
- 10 Grams: ₹79,550
Gold Bars (24 Carat, 995 Purity)
- 1 Gram: ₹7,915
- 10 Grams: ₹79,150
(Prices are exclusive of GST and TCS)
Gold Price Trend in Kolkata Over the Past Week (October 20, 2024 – October 27, 2024)
Monitoring weekly gold price trends can help buyers decide on the right time to invest. Over the last week, Kolkata’s gold prices have seen fluctuations based on supply, demand, and broader economic events. Here’s a day-by-day summary of recent price movements.
| Date | 22 Carat Hallmarked Jewelry Gold (10 gm) | 24 Carat Retail Pure Gold (10 gm) | 24 Carat Gold Bars (10 gm) |
|---|---|---|---|
| October 27 | ₹75,600 (+₹950) | ₹79,550 (+₹1,000) | ₹79,150 (+₹1,000) |
| October 26 | ₹74,650 (-₹300) | ₹78,550 (-₹300) | ₹78,150 (-₹300) |
| October 25 | ₹74,950 (-₹450) | ₹78,850 (-₹500) | ₹78,450 (-₹500) |
| October 24 | ₹75,400 (+₹450) | ₹79,350 (+₹500) | ₹78,950 (+₹500) |
| October 23 | ₹74,950 (+₹150) | ₹78,850 (+₹150) | ₹78,450 (+₹150) |
| October 22 | ₹74,800 (+₹350) | ₹78,700 (+₹400) | ₹78,300 (+₹400) |
| October 21 | ₹74,450 (0) | ₹78,300 (0) | ₹77,900 (0) |
| October 20 | ₹74,450 (+₹450) | ₹78,300 (+₹450) | ₹77,900 (+₹400) |
(Prices are exclusive of GST and TCS)
What Affects Gold Prices?
Gold prices in Kolkata, like in any other city, fluctuate based on various factors, including international economic conditions, supply-demand balances, currency rates, and global events. Typically, when economic uncertainty rises, gold prices also increase due to heightened investor interest. On the other hand, stable economic conditions can lead to stable or lower gold prices.
When is the Best Time to Buy Gold?
Choosing the right time to invest in gold depends on understanding price trends and monitoring the daily and weekly rates. Buyers looking to purchase for adornment or as an investment should consider both short-term trends and significant dips in prices to maximize their investments.