Gold rate in Kolkata
gold rate in kolkata

24K Gold/ 10gm
57,910.00
0.00(0.00%)
22K Gold/ 10gm
55,150.00
0.00(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Kolkata is India's third-largest metropolitan city, an industrial hub and home to over 14 million people. Kolkata has one of the highest GDPs among Indian cities and accounts for a high percentage of gold transactions in India.
Gold as jewellery and bullion (coins, bars, etc.) are among India's most traditional forms of investment. Over the years, other forms of gold, such as gold ETFs and bonds, have gained popularity. Investing in gold has evolved as an ideal and significant hedge against market volatility.

22K & 24K Gold Rates Per Gram in Kolkata

24K
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GramYesterdayToday
1gm
5,791.00
0.00 (0.00%)
5,791.00
0.00 (0.00%)
8gm
46,328.00
0.00 (0.00%)
46,328.00
0.00 (0.00%)
10gm
57,910.00
0.00 (0.00%)
57,910.00
0.00 (0.00%)
100gm
5,79,100.00
0.00 (0.00%)
5,79,100.00
0.00 (0.00%)
Some Interesting Facts about Gold
Here are some interesting facts about gold: - Gold retains its hedge and buffers even during market fluctuations acting as an economic shock absorber during an unstable or falling economy. - Gold cannot be used as currency today. However, gold was used as money in ancient times and was the common currency for as long as 3,000 years. - Gold investments can never go bankrupt and serve as a significant inflation hedge. - Gold prices doubled in the last five years and quadrupled in a decade, even as most major currencies depreciated due to inflation. - Different types of elemental gold are based on their purity: 24K gold is pure gold, and 22K gold is 91.67% pure. In comparison, 18K and 14K gold are 75% and 58.8% pure, respectively, and 10K gold is 41.7% pure.

Historical gold rates in Kolkata in last 10 days

1 gram
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Day24K Gold22K Gold
04 Feb 2023
5,791.00
0.00 (0.00%)
5,515.00
0.00 (0.00%)
03 Feb 2023
5,791.00
0.00 (0.00%)
5,515.00
0.00 (0.00%)
02 Feb 2023
5,791.00
89.00 (1.57%)
5,515.00
85.00 (1.57%)
01 Feb 2023
5,702.00
27.00 (0.48%)
5,430.00
25.00 (0.47%)
31 Jan 2023
5,675.00
-16.00 (-0.28%)
5,405.00
-15.00 (-0.27%)
30 Jan 2023
5,691.00
0.00 (0.00%)
5,420.00
0.00 (0.00%)
29 Jan 2023
5,691.00
0.00 (0.00%)
5,420.00
0.00 (0.00%)
28 Jan 2023
5,691.00
16.00 (0.29%)
5,420.00
15.00 (0.28%)
27 Jan 2023
5,675.00
-63.00 (-1.09%)
5,405.00
-60.00 (-1.09%)
26 Jan 2023
5,738.00
42.00 (0.74%)
5,465.00
40.00 (0.74%)
How is the Purity of Gold evaluated in Kolkata?
The Indian Bullion Association evaluates the purity of gold in Kolkata. The dealers of gold are required to incorporate their hallmark symbol of gold purity in their products. The price of gold in Kolkata is significantly influenced by the movements in the global stock market. Several international factors influence the buying powers of the gold importers and the general public of India.

Weekly & monthly gold rate in Kolkata
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD
Impact of GST on Gold Rate in Kolkata
Gold is taxable as a commodity under the Income Tax Act 1961. Earlier, gold was taxed at 12.2%, out of which 10% was import duty, 1% was excise duty, and the remaining 1.2% was the VAT component. But after the introduction of the Goods and Services Act on 1st July 2017, gold is taxed at a GST rate of 3% along with a 10% import duty. VAT and excise duty has been scrapped under GST Regime, 2017.
Further, a 5% making charge adds to the gold on the retail front shooting up the prices and making it costlier.

Trend of Gold rates in Kolkata

1 gram
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Day24K Gold22K Gold
01 February 202357025430
05 February 202300
Highest57915515
Lowest57025430
Impact of Central Bank Policies on Kolkata Gold Rate
Prices of gold are affected to an extent when the central bank (RBI) buys gold. If the central bank keeps buying gold, the demand will increase, pushing up gold prices. As the gold prices rise, the central bank might stop buying. Central bank policies tend to impact the prices of gold in India significantly.
Frequently Asked Questions on Gold Price in Kolkata
Why do the prices of gold in Kolkata keep changing?
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How many grams are present in 1 tola of gold?
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How are the rates of gold fixed in Kolkata?
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What are the alternatives to physical gold?
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When is the best time to invest in gold in Kolkata?
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