Gold is very valuable in Kolkata. Prices change every day because of global trends, demand, and supply. On December 2, 2024, 24 Carat gold costs ₹7,841 per gram. Meanwhile, 22 Carat gold is priced at ₹7,354 per gram.
Kolkata is India’s third-largest city with over 14 million people. It’s a big place for gold deals and investments.
Key Takeaways
- The current gold price in Kolkata for 24 Carat is ₹7,841 per gram and for 22 Carat is ₹7,354 per gram.
- Kolkata is a significant hub for gold transactions and investments, with a population of over 14 million.
- Gold prices in Kolkata have shown fluctuations, ranging from ₹7,808 to ₹7,354 per gram for 24-karat gold.
- The price of 22-karat gold in Kolkata ranges from ₹7,326 to ₹73,260 for 1 gram to 10 grams.
- Gold buyers in Kolkata can choose between 22-karat and 24-karat gold options.
Current Gold Rates and Market Overview in Kolkata
The gold market in Kolkata changes every day. Prices go up and down, showing what’s happening in the kolkata bullion market and kolkata gold bazaar. On December 2, 2024, 24 Carat gold went up by 1.67% to ₹7,841 per gram. The 22 Carat gold also rose by 1.62% to ₹7,354 per gram. These changes show how the local gold market kolkata is always moving.
Latest 22K and 24K Gold Prices
| Gold Purity | Price per Gram (₹) | Price per 10 Grams (₹) |
|---|---|---|
| 22K | ₹6,990 | ₹69,898 |
| 24K | ₹7,631 | ₹76,308 |
Daily Price Fluctuations and Trends
Gold prices in Kolkata have dropped by 2.3% in the week. But, prices have gone up recently. This change is because of world events and the US dollar’s strength. People who buy and sell gold watch these daily price fluctuations and trends in the kolkata gold bazaar very closely.
Market Performance Indicators
The signs show that gold prices in Kolkata might go back up. This could mean good things for the local gold market kolkata. But, the future is still unsure because of global economic issues.
“Understanding the daily price movements and broader trends in the Kolkata gold market is crucial for both investors and consumers alike.”
Factors Affecting Gold Price in India Kolkata
The price of gold in Kolkata, India changes due to many things. International market rates and import duties are big factors. The value of the Indian Rupee against the US Dollar also matters a lot.
The Multi Commodity Exchange (MCX) and local bullion groups help set gold prices in Kolkata too.
Gold prices in Kolkata go up during wedding seasons. This happens in October, November, January, and February. People buy a lot of wedding jewelry then, making prices higher.
What happens in big countries like the United States can also affect gold prices in Kolkata. Global gold trading is connected to local markets.
When the Indian Rupee gets weaker against the US Dollar, gold prices in Kolkata go up. This is because gold is priced in US Dollars worldwide. So, when the Rupee is weak, buying gold costs more for Indians.
But, if the Rupee gets stronger, gold prices in Kolkata might not go up as much. A stronger Rupee can make the local market more stable.
Things like inflation, interest rates, and government policies also affect gold prices in Kolkata. Gold is seen as a safe investment against inflation. So, when prices rise, more people want to buy it.
Low-interest rates can also make people choose gold over other investments. This changes how the market works.
Knowing what affects gold prices in Kolkata helps people make better choices. Whether buying or selling gold in Kolkata, this knowledge is key. It can help them get the best deal.
Historical Gold Rate Analysis in Kolkata
Kolkata, the cultural capital of India, is a big spot for gold jewellery and investment. It’s a key place for the gold market. Let’s look at the trends and what has changed the gold market in Kolkata over time.
Monthly Price Trends in 2024
The 24 Carat gold prices in Kolkata have changed a lot in 2024. In November 2024, prices were between ₹80,240 to ₹80,560 per 10 grams. The average was ₹80,400 per 10 grams. This is a small drop of 0.37% from the last month, showing the market might be getting stable.
Yearly Performance Review
The yearly trend for gold in Kolkata shows prices going up. Big jumps happened in September and October 2024. This might be because of more demand during the festive season, world tensions, and global economic changes.
Seasonal Price Patterns
Kolkata’s gold market has clear seasonal patterns. Prices go up during the wedding season because of more demand for gold jewellery. Cultural likes, savings, and how people invest also play a part in these changes.
Looking at Kolkata’s gold rate history helps investors and fans make smart choices. The city’s lively gold market shows gold’s lasting appeal and importance in investment.
“Gold has been a symbol of wealth, status, and security for centuries, and Kolkata’s gold market is a reflection of this enduring fascination.”
Gold Investment Options in Kolkata’s Market
Kolkata is known as the gold capital of India. It offers many gold investment choices. You can choose from physical gold jewelry, digital gold, or gold bars and coins.
For those who love traditional gold, Kolkata has many jewelry stores. Senco Gold & Diamonds and Malabar Gold & Diamonds have beautiful gold pieces. These pieces are made of 18K, 22K, and 24K gold.
These investments keep their value and can be passed down as family treasures.
For a more liquid option, you can look at gold coins and bars. Gold coins weigh from 1 gram to 10 grams. They are easier to sell and have lower making charges than jewelry.
High-net-worth individuals can invest in gold bars up to 1 kilogram. These bars are 99.5% pure.