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  • Gold Rate in Kolkata

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 Mar 2017 ₹ 2,819 ₹ 22,552 ₹ 3,012 ₹ 24,096
    26 Mar 2017 ₹ 2,819 ₹ 22,552 ₹ 3,012 ₹ 24,096
    25 Mar 2017 ₹ 2,819 ₹ 22,552 ₹ 3,012 ₹ 24,096
    24 Mar 2017 ₹ 2,826 ₹ 22,608 ₹ 3,019 ₹ 24,152
    23 Mar 2017 ₹ 2,826 ₹ 22,608 ₹ 3,019 ₹ 24,152
    22 Mar 2017 ₹ 2,790 ₹ 22,320 ₹ 2,980 ₹ 23,840
    21 Mar 2017 ₹ 2,787 ₹ 22,296 ₹ 2,978 ₹ 23,824
    20 Mar 2017 ₹ 2,794 ₹ 22,352 ₹ 2,985 ₹ 23,880
    19 Mar 2017 ₹ 2,794 ₹ 22,352 ₹ 2,985 ₹ 23,880
    18 Mar 2017 ₹ 2,790 ₹ 22,320 ₹ 2,980 ₹ 23,840

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in Kolkata

    Kolkata is the third largest metropolitan city in India and is home to over 14 million people. The city is a hub for industries and accounts for a large chunk of all investments made in the country. Gold in India is generally not viewed as an investment opportunity and people typically keep their gold safe at home or convert it into jewelry. This mindset is however changing, and Kolkata which has one of the highest gross domestic product among Indian cities is leading the path. Fluctuating gold rates have not deterred Kolkata residents from buying gold, ensuring that Kolkata accounts for a large percentage of gold transactions in India.

    Gold rate in Kolkata depends largely on market fluctuations and availability. Gold buyers can opt for either 22 karat or 24 karat gold, depending on their needs. 22 karat gold is about 92% pure and commands a lower rate than 24 karat gold, which is 99.99% pure.

    Comparison for 24 K Gold Rates for Kolkata February '17

    Trend of Gold Rate in Kolkata for March 2017 (rates per gram for 24karat gold)

    March 2017 - Week 1 (1st - 4th):

    • March in Kolkata began with gold trading at Rs.3,030 per gram but went down by Re.1 to Rs.3,029 per gram on 2nd.
    • As US dollar strengthened, gold prices in Kolkata took a tumble to go down to Rs.3,015 per gram - a Rs.14 decrease from the previous day.
    • On 4th, there was no change in price as the metal was still trading at Rs.3,015 per gram.

    March 2017 - Week 2 (5th - 11th):

    • In Kolkata, gold prices started with Rs.3,015 per gram and remained unchanged till the 7th.
    • On 8th, prices went up slightly to Rs.3,018 per gram but went down considerably to hit Rs.2,997 per gram on 9th.
    • Prices went down again on 10th to Rs.2,980 per gram as demand kept going down.
    • When the week ended, gold price in Kolkata picked up to end at Rs.2,994 per gram.

    March 2017 - Week 3 (12th-18th):

    • Gold prices in the City of Joy saw a marginal increase in price, with gold beginning the week at Rs.2,994 per gram on 13th March as demand was constant from the previous week.
    • Prices fell the next day to trade at Rs.2,977 per gram on the 14th of March as the U.S. Dollar increased and demand for gold fell.
    • On the 15th of March, gold traded at Rs.2,945 per gram before rising to Rs.2,983 per gram on the 16th.
    • As demand for gold fluctuated, the rate of gold marginally decreased to trade at Rs.2,980 per gram on the 17th of March.
    • The rate of gold was steady at Rs.2,985 per gram on the 18th of March due to stable demand.

    Trend of Gold Rate in Kolkata for February 2017 (rates per gram for 24karat gold)

    February 1st  Rate Rs.2,989 per gram
    February 28th  Rate Rs.3,008 per gram
    Highest Rate in February Rs.3,010 per gram from 20th-22nd February
    Lowest Rate in February Rs.2,977 per gram on 2nd February
    Overall Performance Incline
    Percentage Change +0.63%
    Comparison for 24 K Gold Rates for Kolkata January '17

    February 2017 - Week 1 (1st-4th):

    • Kolkata saw gold prices fluctuate throughout the week.
    • On 1st, gold was trading at Rs.2,989 per gram but went down significantly to hit Rs.2,977 per gram on 2nd.
    • Prices changed again on 3rd for gold to trade at Rs.2,982 per gram - an increase of Rs.5 from the previous day.
    • When the week ended on 4th, gold prices had slumped to Rs.2,980 per gram as demands decreased.

    February 2017 - Week 2 (5th-11th)

    • In a departure from the prevalent trend, the price of gold in Kolkata did not see much change in spite of major fluctuations and price changes across other cities in India.
    • Gold was priced at Rs.2,980 per gram on 5th February on consistent demand from the industrial sector and the domestic market.
    • Prices stayed the same for the rest of the week as markets were immune to the effects of sliding market indices.
    • Gold ended the week trading at Rs.2,980 per gram on 11th February, with no change in its price in the city.

    February 2017 - Week 3 (12th-18th)

    • Gold prices in the City of Joy saw a marginal increase in price, with gold beginning the week at Rs.2,980 per gram on 12th February as demand was constant from the previous week.
    • Prices rose by Rs.11 per gram to trade at Rs.2,991 per gram on 13th February as the U.S. Dollar dropped and demand for gold spiked, with the price remaining constant for the rest of the week.
    • In contrast to the rest of the country, there was no change in price for the rest of the week in spite of fluctuations across markets which affected demand for gold.
    • Gold traded at Rs.2,991 per gram on 18th February, registering a rise in price of Rs.11 per gram for the week.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • The price of gold in Kolkata fluctuated due to market conditions as well as local demand.
    • Gold was priced at Rs.2,991 per gram on 19th February and rose to Rs.3,010 per gram on 20th February.
    • Prices remained constant till 22nd February after which they fell to Rs.3,008 per gram on 23rd February.
    • A falling U.S. Dollar did not impact demand, which was stable till the end of the month.
    • Gold traded at Rs.3,008 per gram on 28th February, recording a marginal increase of 0.63% in value during the month.

    Trend of Gold Rate in Kolkata for January 2017 (rates per gram for 24karat gold)

    January 1st Rate Rs.2,843 per gram
    January 31st Rate Rs.2,989 per gram
    Highest Rate in January Rs.3,014 per gram on 24th January
    Lowest Rate in January Rs.2,843 per gram on 1st & 2nd January
    Overall Performance Incline
    Percentage Change +5.13%
    Comparison for 24 K Gold Rates for Kolkata December '16

    January 2017 - Week 1 (1st to 7th)

    • Barring a decrease midweek, gold prices in Kolkata were largely improving.
    • Thanks to the new year and the general population's willingness to buy gold, demand seemed to soar throughout the week.
    • On 1st, gold prices in the city stood at Rs.2,843 per gram before decreasing slightly to hit Rs.2,838 per gram on the 2nd.
    • The 3rd, however saw prices get back up as it increased to Rs.2,846 per gram.
    • During the 4th, prices increased by Rs.14 for gold trade at Rs.2,860 per gram.
    • The 5th and 6th saw prices remain the same at Rs.2,879 per gram before it increased by Rs.20 to end the week at Rs.2,899 per gram.

    January 2017 - Week 2 (8th to 15th)

    • Gold prices in Kolkata were on the increase for the week, barring a small dip towards the middle of the week.
    • Gold traded at Rs.2,899 per gram on 8th January, with prices remaining unchanged from the previous week.
    • A minor dip in price was observed, as prices fell to Rs.2,885 per gram on 9th January due to demand falling.
    • Prices recovered the next day, with gold trading at Rs.2,910 per gram on 10th January, with the price increasing by Rs.25 per gram in a single day as demand spiked.
    • Prices continued to rise for the rest of the week, with gold trading at Rs.2,926 per gram on 11th January, rising to Rs,2,941 per gram on 12th January.
    • Prices fell by Rs.5 per gram to Rs.2,937 per gram on 13th January due to market fluctuations, though prices recovered as the week ended.
    • Gold traded at Rs.2,961 per gram on 14th January and remained constant as the week ended on 15th January.

    January 2017 - Week 3 (15th to 21st):

    • Kolkata too saw some gold rate fluctuations during the third week of January.
    • On 15th, gold was seen trading at Rs.2,961 per gram, which trickled down to the 16th as well.
    • Prices increased significantly to hit Rs.2,984 per gram on 17th as global demands seemed to surge before climbing up to Rs.2,985 per gram on 18th.
    • Gold rates, however, decreased to Rs.2,977 per gram on the 20th and continued at the same rate till the end of the week on 21st.

    January 2017- Weeks 4 & 5 (22nd to 31st)

    • Gold in Kolkata traded at Rs.2,977 per gram on 22nd January, rising to Rs.3,010 per gram on 23rd January due to increased demand from industry as well as the local retail market.
    • Prices rose to their monthly high of Rs.3,014 per gram on 24th January as Asian investors bought heavily before the Lunar New year.
    • Gold prices fell to Rs.2,992 per gram on 25th January as demand dropped, with the price falling to Rs.2,975 per gram on 26th January due to a marked decrease in industrial demand.
    • Gold fell to Rs.2,947 per gram on 27th January before recovering to close the week at Rs.2,989 per gram on 31st January.
    December 1st Rate Rs.2,884 per gram
    December 31st Rate Rs.2,843 per gram
    Highest Rate in December Rs.2,909 per gram on 5th and 6th December
    Lowest Rate in December Rs.2,749 per gram from 24th to 26th December
    Overall Performance Decline
    Percentage Change -1.42%
    Comparison for 24 K Gold Rates for Kolkata Novemeber '16

    December 2016 - Week 1 (1st to 4th)

    • In Kolkata, gold traded at Rs.2,884 at the beginning of December 1st.
    • No major surge is gold rates was seen over the course of the week as it traded at Rs.2,884 on the 2nd of December too.
    • On December 3rd though, prices fell by a small margin as gold traded at Rs. 2,877 as purchases began to slow down.
    • During the closing time of December 4th, gold prices stood at Rs.2,877 in the city.

    December 2016 - Week 2 (5th-11th)

    • Kolkata too has seen quite a bit fluctuations in terms of its gold rates.
    • On December 5th, gold began trading at Rs.2,909 per gram and remained the same throughout the corresponding day on December 6th.
    • On December 7th started though, trading prices were down by Rs.47 as gold was being sold at Rs.2,861 per gram.
    • The rest of the week from December 8th to 11th saw marginally small fluctuations as gold traded on Rs.2,866 per gram on 8th and remained at Rs.2,852 for the remaining three days.
    • At the time of closing on December 11th, gold prices ended up at Rs.2,852 per gram.

    December 2016 - Week 3 (12th to 18th)

    • Kolkata didn’t see any major changes in gold prices till the latter part of the week.
    • At the beginning of the week on the 12th, gold traded at Rs.2,852 per gram.
    • On the 13th, prices decreased by Rs.5 as the metal traded at Rs.2,847 per gram, which continued till the business end of the 14th.
    • The 15th saw prices fall by Rs.39 as gold begun trading at Rs.2,808 per gram, the lowest for the week.
    • During the closing time of December 18th, gold prices stood the same as on the 15th at Rs.2,808 per gram.

    December 2016 - Week 4 (19th to 25th)

    • Kolkata didn’t see any major changes in gold prices for much of the week.
    • At the beginning of the week on the 19th, gold traded at Rs.2,808 per gram, which continued till the 20th.
    • On the 21th, prices decreased considerably as they dropped down to Rs.2,767 per gram and remained the same till the 23rd.
    • The 24th saw prices decrease furthermore to hit Rs.2,749 per gram which remained the trading rate till the closing hours of the week on the 25th.

    December 2016 - Week 5 (26th to 31st)

    • Gold prices in Kolkata did not see much in the way of fluctuations in the price of gold due to stagnant demand from industry as well as the retail sector due to demonetisation.
    • Gold traded at Rs.2,749 per gram on 26th December, with the price rising to Rs.2,789 per gram on 27th December as markets continued to fluctuate.
    • Prices stabilised as the week progressed, with gold trading at Rs.2,816 per gram on 28th December.
    • An increase in price was seen in the run up to the new year, with gold trading at Rs.2,843 per gram on 31st December.
    1st November rate Rs.3,130 per gram
    30th November rate Rs.2,943 per gram
    Highest rate in November Rs.3,154 per gram on 8th to 13th November
    Lowest rate in November Rs.2,919 per gram on 27th November
    Overall performance Decline
    % Change -5.97%
    Comparison for 24 K Gold Rates for Kolkata October '16

    November '16 - Week 1 (1st to 6th)

    • Gold traded at Rs.3,130 on 1st and 2nd November.
    • Gold prices climbed to Rs.3,190 per gram on 3rd and 4th November on account of high demand in the domestic market.
    • Global trends were uncertain in light of the U.S. elections, the Fed rate hike and the economy gaining momentum.
    • Gold prices fell drastically on 5th and 6th November to Rs.3,102 per gram.

    November '16 - Week 2 (7th to 13th)

    • Gold traded at Rs.3,170 per gram on 7th November.
    • Prices dropped to Rs.3,154 per gram on 8th November and remained unchanged for the rest of the week.
    • Constant rates could be attributed to the ban on Rs.500 and Rs.1,000 notes in India which led to people being unable to use black money to purchase gold.
    • Furthermore, PAN requirements for cash purchases deterred buyers.
    • In the global market, the dollar weakened as Donald Trump won the elections. This played in favor of gold.

    November '16 - Week 3 (14th to 20th)

    • Gold traded at Rs.3,117 per gram on 14th November.
    • Prices of gold continued to decline this week following PM Modi’s strike on black money.
    • Gold prices dropped to Rs.3,007 per gram by the end of the week as demand for the metal was muted in the domestic market.
    • Uncertainty over Trump’s economic policies led to a weak dollar and a rise in gold prices in the global mark

    November '16 - Week 4 and 5 (21st to 30th)

    • Gold prices dropped this week as global and domestic market trends were offbeat.
    • On the global end, strong economic data from the U.S. pushed the dollar up giving solid support to the U.S. Federal Reserve’s interest rate hike.
    • Gold traded at Rs.3,003 per gram on 21st November.
    • In the domestic market, the people of India faced a serious cash crisis post the announcement of PM Modi’s strike on black money.
    • Gold rates fell to Rs.2,943 per gram by the end of the month marking a decline of 5.97% in gold prices for November.
    1st October rate Rs.3,244 per gram
    31st October rate Rs.3,130 per gram
    Highest rate in October Rs.3,244 per gram on 1st to 11th October
    Lowest rate in October Rs.3,100 per gram on 18th October
    Overall performance Decline
    % Change -3.51%
    Comparison for 24 K Gold Rates for Kolkata September'16

    October '16 - Week 1 (1st to 7th)

    • Gold rates remain unchanged in Kolkata.
    • Steady demand from domestic buyers has helped rates stay constant.
    • Fluctuations in the global market have not deterred buyers in Kolkata.
    • Gold traded at Rs.3,244 per gram from 1st October till the end of the week.

    October '16 - Week 2 (8th to 14th)

    • The constant trend of gold rates in Kolkata continued into this week.
    • Gold traded at Rs.3,244 per gram till 11th October.
    • Prices dropped drastically as domestic demand from retailers and jewellers fell.
    • Weak trends overseas also resulted in gold prices falling this week.
    • Though the U.S. Federal Reserve rate hike is distant, investors are still apprehensive as the hike will mean an increase of 20 to 25 basis points in the near future.
    • Gold traded at Rs.3,103 per gram on 14th October, the lowest price for this week.

    October '16 - Week 3 (15th to 21st)

    • Gold traded at Rs.3,104 per gram on 15th October.
    • Prices suddenly dropped to Rs.3,100 per gram on 18th October, the lowest for the week, as expectations of a Fed rate hike propped up.
    • Gold was able to recover on account of wedding season demand in the domestic spot market.
    • Gold climbed to Rs.3,128 per gram on 20th October which was the highest price for this week.

    October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

    • Gold traded at Rs.3,129 per gram on 22nd and 23rd October.
    • Prices of gold fluctuated for a few days.
    • The highest price for this week fell on 26th October with gold trading at Rs.3,139 per gram.
    • Demand for the metal spiked on account of the festive season.
    • In the global market, the Fed rate hike was speculated to happen gradually.
    • Prices stabilized on 27th October and gold traded at Rs.3,130 per gram till the end of the month.
    1st September rate Rs.3,218 per gram
    30th September rate Rs.3,244 per gram
    Highest rate in September Rs.3,244 per gram on 7th to 30th September
    Lowest rate in September Rs.3,218 per gram on 1st and 2nd September
    Overall performance Increase
    % Change 0.81%
    Comparison for 24 K Gold Rates for Kolkata August'16

    September '16 - Week 1 and 2 (1st to 10th)

    • Gold traded at Rs.3,218 per gram at the beginning of the week.
    • Rates fluctuated on account of the impact from the expectations of a U.S. Fed rate hike.
    • Though economic data shows a rate hike is not possible this month, the Federal Reserve is positive about a hike in the coming future.
    • Gold climbed to Rs.3,244 per gram by 7th September and stayed constant till the end of the week on account of demand in the domestic market as well as global trends.

    September '16 - Week 3 (11th to 17th)

    • Gold prices stayed constant this week in Kolkata.
    • In the global market, gold took a hit as the U.S. Federal Reserve raised expectations of an interest rate hike this month.
    • However, stable domestic demand kept gold trading at Rs.3,244 per gram through the week.
    • A drop in prices is expected as the global market experiences a downturn.

    September '16 - Week 4 (18th to 24th)

    • Gold rates in Kolkata were constant through the week.
    • Gold traded at Rs.3,244 per gram from 18th September till the end of the week.
    • Stability in gold rates can be attributed to a positive climate in the global market as well as steady domestic demand.
    • Prices are expected to remain stable as domestic demand is expected to remain steady in light of the festive season.

    September '16 - Week 5 (25th to 30th)

    • The constant trend from the previous week continued into the fifth week of September.
    • Gold rates in Kolkata was unaffected by the trends in the overseas markets.
    • Gold traded at Rs.3,244 per gram from 25th September to 30th September.
    • Demand on account of the festive season has been stable.
    1st July rate Rs.3,271 per gram
    31st July rate Rs.3,237 per gram
    Highest rate in July Rs.3,287 per gram on 5th to 7th August
    Lowest rate in July Rs.3,232 per gram on 9th August
    Overall performance Decline
    % Change -1.03%
    Comparison for 24 K Gold Rates for Kolkata July'16

    August '16 - Week 1 (1st to 7th)

    • The price of gold in Kolkata increased marginally as the week progressed.
    • Gold traded at Rs.3,271 per gram on the 1st and at Rs.3,287 per gram on the 7th of August.
    • The prices increased in spite of the global trend of falling demand due to a spike in the Dollar and equity markets.

    August '16 - Week 2 (8th-14th)

    • Gold rates fluctuated during the second week of August.
    • Gold traded at Rs.3,248 per gram on 8th August, after which it dropped and rose through the week.
    • Domestic demand was high on 10th August as the festive season approaches. Gold was at its highest for the week when it traded at Rs.3,269 per gram.
    • Gold dropped owing to global market trends.

    August '16 - Week 3 (15th-21st)

    • Gold rates stayed steady in the third week of August.
    • The price of gold on 15th August was Rs.3,248 per gram.
    • On 18th August, gold climbed to Rs.3,277 per gram owing to sustained demand in the domestic market as the festive season of the country approaches.
    • Gold rates stayed stable at Rs.3,277 per gram going into the fourth week.

    August '16 - Week 4 (22nd-28th)

    • Gold rates remained stable from last week.
    • Gold traded at Rs.3,277 per gram throughout the week owing to stable demand from the jewellers in the domestic market.
    • Gold rates seemed unaffected by global cues as the domestic demand provided enough support.

    August '16 - Week 5 (29th-31st)

    • Gold rates stayed steady through the week trading at Rs.3,237 per gram.
    • In the global market, gold rates dropped as the dollar gained.
    • Demand from jewellers in the domestic market was sluggish, but with the festive season approaching, the demand was enough to sustain prices.
    1st July rate Rs. 3,252 per gram
    31st July rate Rs. 3,292 per gram
    Highest rate in July Rs. 3,305 per gram on July 7
    Lowest rate in July Rs. 3,218 per gram from July 27 to 29
    Overall performance Rising
    % Change +2.70%
    Comparison for 24 K Gold Rates for Kolkata Jun'16

    July'16 - Week 1 and 2 (1st to 10th)

    • Due to stability in the markets, prices in July rose at a steady pace.
    • Gold traded at Rs.3,252 on July 1st and despite a few fluctuations, gold closed at Rs.3,281.50 on July 11th.
    • With the Brexit vote and expectations of central banks providing more stimulus to the market, the appeal of gold as an investment only brightened.
    • Gold traded at its highest for the week at Rs.3,305 on 7th July but dropped on July 8th owing to positive U.S. job data.
    p>July'16 - Week 3 (11th to 17th)

    • Gold prices were stable at the start of the week before declining steadily due to lowered demand.
    • Prices were recorded at Rs.3,284 per gram on the first day of the week and Rs.2,261 per gram on the last day of the week.
    • Prices declined as the week progressed due to the decrease in demand domestically as well as international cues leading to falling gold rates, with prices closing Rs.23 less than the start of the week.

    July '16 - Week 4 (18th to 24th)

    • Gold prices in Kolkata fluctuated throughout the week but showed a trend of inclination.
    • Gold traded at Rs.3,239 on 18th July and started climbing.
    • Gold rates in Kolkata seemed to be oblivious to international events and trends.
    • Domestic demand seems to have controlled the prices from falling and the week ended with gold trading at Rs.3,252 per gram on 24th July.

    July‘16 - Week 5 (25th to 31st)

    • Prices were recorded at Rs.3,243 on the 25th of July, followed by a marginal decline on the 26th which saw prices drop to Rs.3,230.
    • Prices fell again by Rs.12 and settled at Rs.3,218 on the 27th.
    • There was no change in prices until the 29th of the month, after which an increase of Rs.74 drove prices up and helped close the month at Rs.3,292.
    1st June rate Rs.3,015
    30th June rate Rs.3,221
    Highest rate in June Rs.3,266 on 27th of June
    Lowest rate in June Rs.2,988 on 3rd of June
    Overall performance Rise
    % Change +9.30
    Comparison for 24 K Gold Rates for Kolkata May'16

    Jun'16 - Week 1 (1st to 5th)

    • Gold started strong going into June at Rs. 3,015 and despite a few falls, the rates stayed strong on 5th June at Rs. 3,035.
    • The fall in gold rate was due to a 2-day dip in the domestic bullion market. Prices stepped up again after a renewed off take from jewellery retailers and traders was in order.
    • Rates started climbing again on June 5th owing to a weaker dollar as the U.S. Labor Department released a disappointing jobs report.
    • Prices seem to be rising currently, but could drop again if the U.S. Federal Reserve is able to announce a rate hike later on.

    Jun'16 - Week 2 (6th to 12th)

    • Gold traded at Rs. 3,046 per gram on the first three days of the second week of June.
    • Gold price increased on the 9th of June as it traded at Rs. 3,079 per gram.
    • Gold prices surged for the last three days of the week and held steady at Rs. 3,092 per gram.

    Jun'16 - Week 3 (13th to 19th)

    • Gold traded at Rs. 3,119 per gram on the 1st day of the week i.e., 13th of June.
    • Gold shot up to Rs. 3,191 per gram on the 16th of June and remained unchanged on the 17th of June.
    • Gold ended the week at Rs. 3,170 per gram on the 19th of June.

    Jun'16 - Week 4 (20th to 26th)

    • Gold opened at a strong rate of Rs. 3,155 at the beginning of the month in Kolkata and increased steadily from thereafter.
    • A high demand for this metal, wedding season and reduced expectations of interest rate hike by the U.S Federal Reserve could be seen as contributing factors for the same.
    • Although there were a few fluctuations throughout the week, the strength of prices was maintained.
    • At the beginning of the week, the price of gold was Rs.3,155 and closed at Rs. 3,259 per gram on the 26th of the month.
    • The highest price for the week was noted from the 24th to 26th at Rs. 3,259 per gram.

    Jun'16 - Week 5 (27th to 30th)

    • Gold rates varied during the course of the week as small declines were written off by subsequent gains.
    • Prices were recorded at Rs.3,259 on the 27th of June and Rs.3,221 on the 30th of June.
    • The overall decline in prices during the course of the week was relatively short thanks to global and domestic cues ensuring that there was not much room for change.
    1st May rate Rs. 3,018 per gram
    31st May rate Rs. 3,003 per gram
    Highest rate in May Rs. 3,157 per gram on May 7
    Lowest rate in May Rs. 3,026 per gram on May 25
    Overall performance Decline
    % Change -0.49%
    Graph for Gold Rate in Kolkata for April 2016

    May'16 - Week 1 (1st to 7th)

    • Gold rates recorded a slight decline at the start of the week before gaining slightly mid-week and increasing towards the end of the week.
    • Prices were recorded at Rs.3,018 on the 1st of May and Rs.3,157 on the 7th of May.
    • Despite marginal increases, prices were somewhat stable thanks to global and domestic cues ensuring that there was not much room for change.

    May ‘16 - Week 2 (8th to 14th)

    • Gold rates recorded a slight decline at the start of the week before gaining slightly mid-week and increasing towards the end of the week.
    • Prices were recorded at Rs.3,157 on the 8th of May and Rs.3,111 on the 14th of May.
    • Prices remained unchanged for the first four days of the week before falling by Rs.49 and then rising by Rs.3 by the end of the week, ensuring that there was not a significant difference in prices between the start and end of the week.

    May ‘16 - Week 3 (15th to 21st)

    • Gold rates fluctuated marginally on the first four days of trading after which they gained stability and recorded an increase on the final day of trading in the week.
    • Prices were recorded at Rs.3,131 on the first day of the week and Rs.3,092 on the last.
    • Prices remained unchanged for the first two days of the week before falling slightly on the next two day and then remaining constant until Friday, and recorded an increase of Rs.73 on the last day of the week.

    May ‘16 - Week 4 (22nd to 28th)

    • Gold rates fluctuated constantly through the last week of May.
    • Gold prices were recorded at Rs. 3,087 on the 22nd of May and Rs. 3,003 on the 28th of May.
    • The prices saw a rise and fall through the week, but overall, the rates declined by the end of the week, remaining constant for the last two days.

    May ‘16 - Week 5 (29th to 31st)

    • The price of gold in Kolkata was relatively stable throughout the month of May with minor fluctuations.
    • There were no changes in the price of gold during the last week of May. Due to high demand and domestic and global cues, gold traded at Rs. 3,003 per gram on all days of the fifth week of May.
    • However, the price during the final week was lower than those of the previous weeks during May.
    1st April rate Rs 3,018
    30th April rate Rs 3,018
    Highest rate in April Rs 3,018 throughout the month
    Lowest rate in April Rs 3,018 throughout the month
    Overall performance No Change
    % Change 0%
    Comparison for 24 K Gold Rates for Kolkata,March'16

    Apr'16 - Weeks 1 & 2 (1st to 10th)

    • Gold prices in Kolkata were constant at Rs.3,018 for the first two weeks of April as uncertainty continued over end of bullion traders’ strike against implementation of excise duty on gold jewellery sales.
    • Globally, gold experienced resurgence as a safe haven with stock markets performing weakly and rate hikes by the US Fed expected to be postponed.

    Apr ‘16 - Week 3 (11th to 17th)

    • Gold was constant at Rs.3,018 again for the third week as trading remained suspended in the city.

    Apr ‘16 - Week 4 (18th to 24th)

    • Gold was again constant at Rs.3,018 over the course of the week.

    Apr ‘16 - Week 5 (25th to 30th)

    • Gold rates were unchanged compared to the previous week.
    • There was no change in gold rates in the week.
    • Prices stayed constant at Rs 3,018.

    1st March rate

    Rs 3,090

    31st March rate

    Rs 3,018

    Highest rate in March

    Rs 3,090 on 1st and from 3rd to 18th

    Lowest rate in March

    Rs 3,018 from 22nd to 31st

    Overall performance

    Loss/Negative

    % Change

    -2.33%

    Comparison for 24 K Gold Rates for Kolkata Feb'16

    Mar'16 - Week 1 (1st to 6th)

    • Gold markets remained closed in the city in the first week of March along with many other parts of the country as jewellers and traders went into an indefinite strike protesting against the budgetary announcement of 1% excise duty on gold jewellery.
    • Gold was trading at a constant rate of Rs.3,090 as per last week’s closing price.

    Mar'16 - Week 2 (7th to 13th)

    • Markets were again closed during the second week as jewellers and associations refused to budge from their demand of scrapping of the newly introduced 1% excise duty on non-silver jewellery as well as mandatory PAN disclosures on transactions above Rs.2 lakhs.
    • Gold was trading at a constant rate of Rs.3,090.

    Mar ‘16 - Week 3 (14th to 20th)

    • Gold markets were closed again in the third week as protests continued to halt trading in the city.
    • Gold traded at last week’s rate of Rs.3,090.

    Mar ‘16 - Week 4 (21st to 27th)

    • Gold trading was halted again in the fourth week as traders continued with their protests. However, jewellers opened up for business.
    • Prices were constant at Rs.3,018 all over the week.

    Mar ‘16 - Week 5 (28th to 31st)

    • Market performance dipped marginally over the previous week.
    • Gold rates remained constant at Rs 3,018 throughout the week.

    1st February rate

    Rs.2,718

    29th February rate

    Rs.3,067

    Highest rate in February

    Rs.3,092 on 26th

    Lowest rate in February

    Rs.2,718 on 1st

    Overall performance

    Gain/Positive

    % Change

    +12.84%

    Comparison for Gold Rate 24 K for Kolkata

    Feb'16 - Week 1 (1st to 7th)

    • February started on a positive note for gold rates, as prices continued climbing on the back of increased buying in the domestic sector by jewellers as well as strong global cues.
    • Prices were Rs.2,718 on 1st and Rs.2,882 on 7th.
    • Gold rates profited on all days of the week, and breached the 2,800-mark for the first time this year on 4th when it was priced at Rs.2,801.
    • Prices continued rising and peaked at Rs.2,882 on 6th and 7th, the highest rate of gold in Kolkata in the last 9 months.

    Feb '16 - Week 2 (8th to 14th)

    • Gold rates surged during the 2nd week of February as a depreciating rupee, demand from domestic sector and strong global cues pushed rates to 19-month high levels.
    • Prices were Rs.2,864 on 8th and Rs.3,030 on 14th.
    • Gold prices rose to Rs.2,944 by 10th and dipped marginally to Rs.2,841 on 11th before rising substantially by Rs.210 on 12th to breach the 3,000-mark for the first time in almost 2 years.
    • Gold dropped below 3,000 on 13th but regained the level on 14th to close the week at Rs.3,030.

    Feb '16 - Week 3 (15th to 21st)

    • Gold prices continued appreciating through the third week also, as strong global trends and domestic demand from jewellers and retailers kept gold rates at healthy levels.
    • Prices were Rs.2,992 on 15th and Rs.3,038 on 21st.
    • Gold started the week on a negative note, falling by Rs.50 on 16th to Rs.2,942 and remaining stable there on 17th.
    • Prices picked steam from 18th onwards, rising by an overall margin of Rs.96 between 18th and 20th to touch a high of Rs.3,038.
    • Gold was stable at Rs.3,038 on 21st.

    Feb '16 - Week 4 (22nd to 29th)

    • Gold continued its appreciation toward the end of February on the back of firm global cues.
    • Rates were Rs.2,997 on 22nd and Rs.3,067 on 29th.
    • Gold rose by Rs.95 in the first 4 days of the week, clocking positive sessions on consecutive days to touch Rs.3,092 by 26th.
    • Prices dropped by Rs.26 on 27th to drop to Rs.3,066 and rose marginally to Rs.3,067 on 29th as gold managed to reach almost 4-year highs in terms of monthly gain in value.
    4th January rate Rs.2,587
    31st January rate Rs.2,692
    Highest rate in January Rs.2,705 on 30th
    Lowest rate in January Rs.2,555 on 5th
    Overall performance Gain/Positive
    % Change +4.05%

    Jan'16 - Week 1 (4th to 10th)

    • Gold gained value during the first week of trading in 2016.
    • Prices were Rs.2,587 on 4th and Rs.2,633 on 10th.
    • Gold rates dropped by Rs.32 on 5th but recuperated the losses on the next day by rising to Rs.2,588.
    • Gold breached 2,600-mark for the first time this year on 7th when it was trading at Rs.2,614.
    • Prices continued to appreciate in the remaining days of the week to end at a positive note at Rs.2,633 on 9th and 10th.

    Jan '16 - Week 2 (11th to 17th)

    • Gold prices were down in the 2nd week.
    • Prices were Rs.2,640 on 11th and Rs.2,604 on 17th.
    • Gold prices were slightly up on 12th at Rs.2,642 before dropping to Rs.2,638 on 13th.
    • Prices declined by Rs.34 on 14th as demand from the domestic sector remained subdued while global trends also pushed prices down.
    • Gold remained stable at Rs.2,604 from 14th to 17th as demand remained stable while global cues also sustained rates.

    Jan '16 - Week 3 (18th to 24th)

    • Gold prices appreciated during the 3rd week of January as the wedding season spurred internal demand while global cues also firmed up.
    • Prices were Rs.2,657 on 18th and Rs.2,692 on 24th.
    • Gold lost marginal value on 19th to fall to Rs.2,646 before recovering to Rs.2,662 by 21st.
    • Prices rose by Rs.30 on 22nd to touch Rs.2,692, fell by Rs27 on 23rd to Rs.2,665 and rallied back to Rs.2,692 on 24th to end the week.

    Jan '16 - Week 4 (24th to 31st)

    • Gold prices were stable on the whole during the last week of January.
    • Rates were Rs.2,692 on 25th and Rs.2,692 on 31st.
    • Gold was stable at Rs.2,692 till 29th before rising marginally to Rs.2,705 on 30th.
    • Prices dropped back to Rs.2,692 on the last day of the month.

    1st December rate

    Rs.2,556

    31st December rate

    Rs.2,564

    Highest rate in December

    Rs.2,657 on 5th and 6th

    Lowest rate in December

    Rs.2,556 on 1st

    Overall performance

    Gain/Positive

    % Change

    +0.31%

    Dec'15 - Week 1 (1st to 7th)

    • Gold rates saw an increase in the 1st week of December in Kolkata.
    • Prices were Rs.2,556 on 1st and Rs.2,598 on 7th.
    • Gold breached the Rs.2,600 mark on 2nd to touch Rs.2,601 by day end.
    • Prices declined in the next two days to fall to Rs.2,562 by 4th evening.
    • There was a substantial rise in rates on 5th when gold gained Rs.95 and settled at Rs.2,657.
    • Gold lost Rs.59 on 7th to rest at Rs.2,598 for the week.

    Dec'15 - Week 2 (8th to 14th)

    • Gold had a volatile 2nd week in Kolkata.
    • Prices were Rs.2,596 on 8th and Rs.2,601 on 14th.
    • Gold depreciated by Rs.20 on 9th to fall to Rs.2,576.
    • Prices picked up marginally on 10th to rest at Rs.2,584 before trading in the negative over the next 2 days to settle at Rs.2,570 by 12th.
    • Gold rose by Rs.73 on 13th to touch Rs.2,643 but lost Rs.42 the next day to end the week at Rs.2,601.

    Dec'15 - Week 3 (15th to 21st)

    • Gold prices appreciated in the 3rd week.
    • Rates were Rs.2,576 on 15th and Rs.2,606 on 21st.
    • Gold rates dropped in the first 3 days by Rs.5, Re.1 and Rs.2 to settle at Rs.2,567 by 18th evening.
    • Gold gained Rs.22 on 19th to rise to Rs.2,589.
    • Prices rose again on 20th by a margin of Rs.17 to settle at Rs.2,606 on 20th, where it remained on 21st as well.

    Dec'15 - Week 4 (22nd to 28th)

    • Gold prices dropped in the 4th week.
    • Rates were Rs.2,570 on 22nd and Rs.2,564 on 28th.
    • Gold breached the 2,600-mark on 23rd when it rose by Rs.33 to settle at Rs.2,603.
    • Prices dropped almost immediately to Rs.2,564 on the next day.
    • Gold rallied again on 25th by Rs.40 to settle at Rs.2,604 till 27th owing to the holiday season.
    • Prices dropped by Rs.40 on 28th to end at Rs.2,564.

    Dec'15 - Week 5 (29th to 31st)

    • Gold prices were stable on the whole in the 5th week.
    • Rates were Rs.2,567 on 29th and Rs.2,564 on 31st.
    • Gold appreciated marginally to Rs.2,568 on 30th before falling to Rs.2,564 on 31st.

    1st November rate

    Rs.2,730.50

    30th November rate

    Rs.2,566

    Highest rate in November

    Rs.2,730.50 on 1st

    Lowest rate in November

    Rs.2,566 on 30th

    Overall performance

    Loss/Negative

    % Change

    -5.99%

    Nov '15 - Week 1 (1st to 7th)
    • Gold rates dropped substantially in the 1st week of the month.
    • Rates were Rs.2,730.50 on 1st and Rs.2,633 on 7th, dropping by almost Rs.100 over the week.
    • Gold lost almost Rs.50 on 2nd when prices fell to Rs.2,682 from previous day.
    • Gold gained marginally on 3rd to rest at Rs.2,688.
    • Rates fell for the remaining part of the week except on 7th when gold gained Re.1 in value.

    Nov '15 - Week 2 (8th to 14th)

    • Gold lost value in the 2nd week of the month.
    • Prices were Rs.2,633 on 8th and Rs.2,603 on 14th.
    • Rates dropped to Rs.2,617 on 9th before regaining the value on 10th to touch Rs.2,630.
    • The next two days saw gold rates stable around the Rs.2,625 level.
    • Prices dropped on 13th by Rs.23 to rest at Rs.2,605.

    Nov '15 - Week 3 (15th to 21st)

    • Gold lost marginal value in the 3rd week.
    • Rates were Rs.2,603 on 15th and Rs.2,590 on 21st.
    • Prices were mostly stable over the first 4 days of the week, with gold priced at Rs.2,602 on 18th.
    • Gold lost Rs.35 on 19th to touch RS.2,567 before recovering over the next two days to touch Rs.2,590 on 21st.

    Nov '15 - Week 4 and 5 (22nd to 30th)

    • Gold lost marginal value in the last few days of November.
    • Prices were Rs.2,574 on 22nd and Rs.2,566 on 30th.
    • There was a gain in rates on 23rd to Rs.2,584, which dropped to Rs.2,574 by 25th.
    • Gold gained Rs.13 on 26th to settle at Rs.2,587 and fell to Rs.2,582 by 29th.
    • Gold lost Rs.16 on 30th to touch Rs.2,566.

    1st October rate

    Rs.2,650

    31st October rate

    Rs.2,730.50

    Highest rate in October

    Rs.2,734 on 19th

    Overall performance

    Gain/Positive

    % Change

    +3.04%

    Oct '15 - Week 1 (1st to 7th)

    • Gold rates appreciated in the first week of October.
    • Gold was priced at Rs.2,650 on 1st and Rs.2,669 on 7th.
    • Rates climbed steeply from 3rd to 4th when prices touched Rs.2,677 from Rs.2,634, a climb of Rs.34.
    • Prices were stable for the remaining part of the week and fell slightly on 7th to Rs.2,669.

    Oct '15 - Week 2 (8th to 14th)

    • Gold rate saw overall appreciation in the second week.
    • Gold rates were Rs.2,682 on 8th and Rs.2,695 on 14th.
    • Rates were stable from 8th to 12th and hovered around the Rs.2,680 mark.
    • Rates climbed by Rs.24 to Rs.2,704 on 13th breaching the 2,700 mark for the first time in October.

    Oct '15 - Week 3 (15th to 21st)

    • Gold rate saw overall appreciation in the third week also.
    • Gold was priced at Rs.2,722 on 15th and Rs.2,727 on 21st.
    • Gold rate on 19th at Rs.2,734 was the highest gold rate in Kolkata for October.
    • Rates stayed above the 2,720 level for the most part of the week except for 20th when price dropped to Rs.2,717.
    • Gold gained Rs.10 on the subsequent day to come to Rs.2,727.

    Oct '15 - Week 4 (22nd to 28th)

    • Gold rate depreciated for this week of October.
    • Gold was priced at Rs.2,730.5 on 22nd and Rs.2,709 on 28th.
    • Prices reduced to Rs.2,714 on 23rd before breaching the 2,730 mark on 24th again.
    • Prices fell to Rs.2,708 on 26th and maintained more or less the same rates on 27th and 28th.

    Oct '15 - Week 5 (29th to 31st)

    • Gold rates remained stable in the final days of the month.
    • Prices had appreciated to Rs.2,728 on 29th and appreciated marginally to Rs.2,730.50 on 30th before maintaining the same rate on 31st.

    Gold was priced at Rs.2,712 at the start of September 2015. The rates went into a decline mode over the first week of the month, with prices dropping to Rs.2,675 on 4th. The next three day saw a stability in rates, with week ending rate at Rs.2,681 as on 7th September.

    The 2nd week of September saw gold rates stabilizing for the first couple of days before dropping on 10th, 11th and 12th to sub-Rs.2,630 level. Rates increased to Rs.2,685 by 14th and remained more or less stable over the next week. Gold was priced at Rs.2,678 on 21st of the month.

    Gold declined in the first couple of days to a low of Rs.2,650 by 23rd, and once again breached the Rs.2,720 level by rallying to Rs.2,722 by 25th. There was another steep decline in the last few days of the month when gold rate dropped to Rs.2,683 on 30th of the month.

    Gold saw a volatile month throughout September. This volatility is expected to continue over the next few days, however the upcoming festive season will see demands rise and consequently rates also going up.

    Investments in gold have evolved over the centuries and gold now offers more investment avenues than ever before. Gold investments act to balance rising inflation, with changing gold rates negating any inflation which could creep in. Some of the popular gold investment options in Kolkata are mentioned below.

    • Jewelry – Jewelry has been the preferred choice of Indians when it comes to buying gold. Traditionally jewelry was not seen as an investment but people are warming up to it now. Gold jewels can be exchanged or sold, making it a decent investment option in case of emergencies.

    • Gold Accumulation Plans – These plans provide an investor with the opportunity to deposit a specific amount on a monthly basis. After completion of an agreed upon time period the investor can choose to cash in the deposits in exchange for gold coins or jewelry.

    • Gold Bullion Bars – Gold bars are seen as a safe investment and every country invests in keeping certain gold bars as reserves. Kolkata has a large number of high net worth individuals and gold bars can be a sound investment opportunity for them. These bars are 99.5% pure and can weigh up to 1 kg each, making them excellent high value investments.

    • Gold Bullion Coins – These coins are an ideal investment option for those with low reserves. Coins can be purchased according to weight, weighing anywhere between 1g to 10 g. With no wastage and making charges, coins offer better value for money than jewelry and can also be converted into liquid assets if need be.

    • Allocated Gold Accounts – A lot of people worry about the safety of their gold investments and this plan is perfect for those who wish to own gold but do not want to keep it with them. Gold accounts ensure that the gold is safe and secure in banks, with the owner having freedom to access it at any point.

    • 24 karat gold – One gram of 24 karat gold costs Rs 2722 in Kolkata today (June 15, 2015). The price has hovered around the Rs 2700 mark, with a high of Rs 2915 about 8 months ago and a low of Rs 2600 six months ago.

    • 22 karat gold – A gram of 22 karat gold costs Rs 2538 in Kolkata today (June 15, 2015). The average cost of 1 g of 22 karat gold has been around Rs 2600 in the last year, with a high of Rs 2715 and a low of Rs 2378. The low cost of gold makes it the right time to invest in it.

    Kolkata is home to all major jewelers from across the country and houses some of the best gold stores. One can find gold shops in every major part of the city, with the most popular ones being Reliance Jewels, Tribhuvandas Bhimji Zaveri, DK Basak Jewellers, Anjali Jewellers and Senco Gold. Residents can also opt for the smaller gold shops spread across the city to meet their individual needs.

    Also Check Gold Price in NearBy Cities of Kolkata

    Gold Rate In Siliguri Gold Rate In Ranchi Gold Rate In Jamshedpur
    Gold Rate In Guwahati Gold Rate In Raipur Gold Rate In Bhilai
    Gold Rate In Patna Gold Rate In Bhubaneswar Gold Rate In Cuttack
    Also Know: Silver Rate in Kolkata

    Read more on Gold

    News About Kolkata Gold Rate

    • Demand for Gold Rekindled Thanks to Lower Prices

      Demand for gold increased across the continent during the third week of March, thanks to a decline in global prices as the value of the dollar increased. The value of gold declined to its lowest level over the past five weeks last week as traders were inactive due to the US payrolls data that is expected to be closely scrutinised for clues on the American monetary policy. Traders revealed that demand for the precious metal has been strong in China, which is one of the top consumers of the commodity, and premiums ranged from $15 to $17 per ounce. In comparison, the prices last week stood between $9 and $12.

      Brian Lan, the managing director at GoldSilver Central, a gold dealer based out of Singapore, said that clients had been visiting to enquire about inventories, and as a result, the physical demand for gold was expected to increase. India, on the other hand, has seen bullion prices hit premium over the past week, although retail demand was still somewhat subdued. In February alone, India imported 50 tonnes of the precious metal, marking an 82% increase from the previous year. So far as the local market is concerned, gold futures were seen trading at Rs.28,250 per 10 grams last week.

      14th March 2017

    • Gold traders hoping for GST to usher in lower gold rates

      As global cues are changing, gold prices are on the volatile side dipping below Rs.30,000 on Monday to hit Rs.29,750 per 10 grams.

      Concerned by this latest turn of events, gold traders are hoping that the imminent introduction of GST will most likely stabilise the rates so as to improve their business.

      Gold prices have been on a drop due to a reduced demand in the overseas demand and also due to the wedding season coming to a halt.

      The industry to hoping for a tax rate between 1% to 1.5% on gold, though key gold-consuming states like Bihar and Kerala are batting for a 6% tax.

      Analysts have, however, suggested that gold prices are likely to fluctuate for much of the year despite hitting a high because a price correction is likely to follow.

      10th March 2017

    • Gold’s Vulnerability Leaves Traders Hoping For Low GST Rates

      The recent volatility in the price of gold has led to traders hoping for low GST rates for the yellow metal, recent reports have suggested. With gold falling to below Rs.30,000 for 10 grams on 6th March, 2017, local traders are looking for ways to counter the sharply fluctuating prices. With Donald Trump’s recent policy decisions and the possibility of a U.S. Fed rate hike imminent, there is a fear that gold prices could plummet further in the coming weeks. Lowered demand from Indian jewellers and a weak demand industry are also fanning the flames. Gold industry figures are hoping for a 1%-1.5% tax on the yellow metal, though it is unclear if the government will entertain such a low rate. Some states, such as Bihar and Kerala are hoping for a 6% tax. After July, the price of gold will be determined by the tax payable on it, which will lead to the metal becoming dearer, as traders wait with bated breath for the announcement of GST rates for gold.

      9th March, 2017

    • Gold Rates Dropped on Friday

      Gold rates dropped on Friday after US Federal Reserve officials spoke of an increase in interest rates in March. The price of spot gold dropped by 0.2% to $1,232.81 per ounce. On Thursday, the price fell by 1.1% to $1,230.58. US gold futures rate increased by 0.2% to $1,234.90. The holdings of SPDR Gold Trust increase by 0.21% to 845.32 tonnes. Spot silver remained unchanged at $17.78 and Platinum was firm at $986.40. Palladium trading increased by 0.1% to $768.

      2nd March, 2017

    • No Major Fluctuations in Gold Rates

      On Friday, gold rates did not see any major fluctuations. Gold trading was not affected due to uncertainties in the Global market because of Donald Trump’s economic policy. At 0326 GMT, spot gold rate was $1,249.37 for each ounce. The price of US gold futures was $1,250.80. Even though many policymakers in USA think that it is suitable to increase interest rates, they are considering the uncertainties caused due to no clarity on the new economic policy. Due to the political scenario in Europe, gold prices have increased by 8% this year. According to a report, spot gold rate in Europe may increase to $1,278. Silver rates increased by 0.2% to $18.20 per ounce. Palladium increased by 0.2% to $774.25 and Platinum increased by 0.1% to $1,007 per ounce.

      24th February 2017

    • Low Demand for Gold Jewellery in 2016

      According to the Gold Demand Trends Report for 2016 released by the World Gold Council, the demand for gold jewellery during the year was at a 7 year low. The reason for this is the increase in gold rates. The demand fell by 15% during the year. India saw the biggest drop in demand during the year. The demand was 148.3t lower than the previous year. One reason for the drop in demand was the jewellers strike in the 1st quarter. The demand increased during the festive season and after demonetization, but cash crunch brought rural gold purchase to a new low.

      10th February 2017

    • Demand for gold jewellery plunged to a 7-year low in 2016

      A recent report published by World Gold Council (WGC) has suggested that demand for gold jewellery hit a seven-year low in 2016.

      The Indian jewellery industry, in particular, saw the biggest ever decline in jewellery trends in history. Much of the decline was attributed to Indian government’s stance towards curbing black money and the subsequent move to demonetise Rs.500 and Rs.1,000 currencies.In the report, it was said that demand went down to 2,041 tonne in 2016 which was a decrease of 15% compared to the previous year.

      Besides, a majority of the decline in demand was contributed to by the two most populous countries in the world - India and China.Despite a recovery in Q4, demand for gold jewellery in Asian countries also dropped by nearly 0.2 tonnes in 2015 from 15.6 tonnes in 2015.

      The report also suggested that investment in gold increased significantly but couldn’t see itself transfer to the jewellery department.

      9th February 2017

    • Gold Crosses Rs.29,000 Mark At Start Of February

      The price of gold crossed the Rs.29,000 mark as the month began, as strong demand from the jewellery sector led to a rise in price. Gold traded at Rs.29,750 for 10 grams on 1st February, 2017 on steady buying by jewellers as well as an increase in retail purchases. Pure gold (of 99.9 purity) also registered an increase in price, trading at Rs.29,160 for 10 grams on 1st February, 2017 against its previous closing rate of Rs.29,110 for 10 grams.

      Globally, though, gold prices fell as the U.S. Dollar strengthened over the U.S. Fed’s meeting which would delineate the monetary policy for the next financial year.

      As a result, spot gold traded at $1,210.61 for an ounce on 1st February, 2017.

      2nd February 2017

    • Gold Prices Dip On Weak Demand And Speculation

      The price of gold fell on Thursday, 19th January, 2017 due to weak demand and speculation. Gold traded at Rs.28,615 for 10 grams on 19th January, 2017, recording a loss of Rs.176 for 10 grams.

      Weak international demand due to a strengthening U.S. Dollar led to decreasing demand for the metal as a safe-haven asset. Profit-booking by speculators at current levels also led to a decrease in demand and prices.

      The disclosure by the U.S. Federal Reserve Chair Janet Yellen on the gradual lifting of U.S. interest rates led to the U.S. Dollar rising.

      Positive data from the U.S. put pressure on gold, resulting in global prices falling to $1,202 per ounce on 19th January, 2017.

      Gold had risen by more than 7% since December due to political and financial instability.

      20th January 2017

    • Gold rates see marginal increase going into 2017

      While the demonetisation effect is still being felt across the country, a number of individuals have started buying gold again, with jewellers seeing a slight improvement in sales. Gold prices continued their upward spiral, with rates going up by Rs.150 to end the week at Rs.28,500 for 10 grams. Gold for February delivery traded at Rs.27,590 for 10 grams, an increase of 0.10%. Experts attributed this rise to a weak performance of the dollar, with investors turning towards gold which is viewed as a safe haven.

      The year 2016 saw gold prices go up by 9% on the back of US Fed rate hikes and increased demand. Internationally, gold traded at $1,160 per ounce, an increase of 0.2%. Silver also performed steadily, with it trading at Rs.39,680 per kg in the capital.

      30th December 2016

    • For more related news /update on gold price visit: Gold News

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