Gold Rate Today in Kolkata Last Updated : 29 Nov 2022

Gold Rate in Kolkata is influenced by factors such as local demand, rupee-dollar trends etc. Gold is usually purchased as an investment or as jewellery. Find daily gold rates, monthly gold trends and a detailed analysis below.

Gold Rate Today 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.

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  • Today's Gold Rate in Kolkata (29 Nov 2022)

    ₹ 4,980
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Kolkata (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 4,980 ₹ 4,990 ₹ -10 ↓
    Standard Gold (22 K) (8 grams) ₹ 39,840 ₹ 39,920 ₹ -80 ↓
    Pure Gold (24 K) (1 gram) ₹ 5,229 ₹ 5,240 ₹ -11 ↓
    Pure Gold (24 K) (8 grams) ₹ 41,832 ₹ 41,920 ₹ -88 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    29 Nov 2022 ₹ 4,980 ₹ 39,840 ₹ 5,229 ₹ 41,832
    28 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    27 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    26 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    25 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    24 Nov 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    23 Nov 2022 ₹ 4,960 ₹ 39,680 ₹ 5,208 ₹ 41,664
    22 Nov 2022 ₹ 4,970 ₹ 39,760 ₹ 5,219 ₹ 41,752
    21 Nov 2022 ₹ 4,985 ₹ 39,880 ₹ 5,234 ₹ 41,872
    20 Nov 2022 ₹ 4,995 ₹ 39,960 ₹ 5,245 ₹ 41,960

    Weekly & Monthly Graph of Gold Rate in Kolkata (1 gram)

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    • 6 Months

    *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.

    Today's 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 jewellery. This mindset is however changing, and Kolkata which has one of the highest gross domestic products among Indian cities is leading the path. Fluctuating gold rate today have not deterred Kolkata residents from buying gold, ensuring that Kolkata accounts for a large percentage of gold transactions in India.

    Investing in gold is considered a profitable option for a large number of middle-class families in Calcutta and hence it is no wonder that the city ranks very high on the list of consumers in the country. A lot of topics relating to the precious metal, however, are often unanswered. So, on this page, we aim to cover every possible topic that relates to gold and Gold rate in Kolkata.

    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 and Diamonds. Residents can also opt for the smaller gold shops spread across the city to meet their individual needs.

    Historical Gold Price in Kolkata

    Months Lowest Price 24 Carat Gold – ₹ Per 10 Grams Highest Price 24 Carat Gold – ₹ Per 10 Grams
    October 2022 50,210 51,960
    September 2022 50,320 52,870
    August 2022 50,300 50,800
    July 2022 50,390 50,760
    June 2022 50,790 50,860
    May 2022 50,290 50,790
    April 2022 47,800 52.140
    March 2022 50,950 54,330
    February 2022 49,980 51,550
    January 2022 48,560 50,030

    November 2022 Gold Rate in Kolkata

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,035 per gram
    November 24 Rate Rs.5,234 per gram
    Highest Rate in November Rs.5,308 per gram on 17 November
    Lowest Rate in November Rs.5,035 per gram on 1 November
    Overall Performance Incline

    October 2022 Gold Rate in Kolkata

    Parameter Gold price (24 karat)
    October 1 Rate Rs.5,030 per gram
    October 31 Rate Rs.5,045 per gram
    Highest Rate in October Rs.5,098 per gram on 27 and 28 October
    Lowest Rate in October Rs.5,045 per gram on 31 October
    Overall Performance Decline

    September 2022 Gold Rate in Kolkata

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,035 per gram
    September 30 Rate Rs.4,982 per gram
    Highest Rate in September Rs.5,045 per gram on 23 September
    Lowest Rate in September Rs.4,977 per gram on 21 and 22 September
    Overall Performance Decline

    August 2022 Gold Rate in Kolkata

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,108 per gram
    August 31 Rate Rs.5,129 per gram
    Highest Rate in August Rs.5,177 per gram on 5 August
    Lowest Rate in August Rs.5,108 per gram on 1 August
    Overall Performance Incline

    Check Gold Price in Nearby Cities of Kolkata

    How to Purchase Gold Coins in Kolkata

    If you don’t wish to invest in gold bars, you can purchase gold coins that are available in a variety of shapes and sizes in India. It is recommended to purchase smaller sizes of gold coins in Kolkata since they provide higher liquidity. Before purchasing gold coins, you must be cautious and check the purity to avoid counterfeit coins. You can also purchase gold coins from banks as they assure genuine gold.

    Demand for Gold During Wedding Season in Kolkata

    October, November, January, and February are the most popular months for weddings and auspicious occasions. During this period, gold purchases are at their peak in Kolkata. Individuals of this city spend lavishly on wedding jewellery as they believe it is a once-in-a-lifetime event. If you want to make a collection of gold jewellery, make sure to compare prices as well as check the making charges. This is due to the fact that even a minor difference in making charges can have a significant impact on the price of the jewellery.

    Gold as an Investment in Kolkata

    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.

    • Jewellery – Jewelry has been the preferred choice of Indians when it comes to buying gold. Traditionally jewellery 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 jewellery.

    • 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 jewellery 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 the freedom to access it at any point.

    How are Gold Rate fixed in Kolkata?

    Gold rates are often set on the same principle in all the states and cities in the country. But, as variables often differ in different states and so does the demand, we see prices that are dissimilar in most places. Coming to the part about how gold rates are fixed, we can say that it hinges on a number of factors. These include:

    • Rate of gold in the international market - The reason why gold rates in the international exchange matters is because much of the bullion in the country is imported. Gold rates in the global market depends on how well the US dollar is performing. This is because the metal is mostly trade in US currency.
    • Import duty - Every state has a different import duty which is added on top of the duty that should be paid for importing the metal into the country. Gold prices in the market may vary depending on the duty paid at a particular point in time.
    • Bank margins - Usually, banks are one of the few institutions that are designated to import gold into the country. When banks get the metal into the country, they decide on a profit margin before selling the same to the retailers. The percentage cut banks decide to take will also have a bearing on how gold rates are set.
    • The MCX - The Multi Commodity Exchange, known commonly as the MCX, is a market where commodities are exchanged. Prices on this index will impact how gold is priced in a city, in this case, Kolkata.
    • Associations - Bullion association is an association of traders and retailers who come together to discuss any and all of their gold related concerns. To set a rate, these traders often consider some of the biggest retailers and their latest pricing while also taking into account the profitability of the rate they set.

    Like every other city in India, fixing gold rates in Kolkata involves a set procedure. While the process is the same, the various costs involved is what brings the rate difference. In this section, we tell you how gold rate in Kolkata is fixed.

    • Import duty
    • GST on gold
    • Marginal cost of banks importing the gold
    • Local bullion association along with some of the leading dealers in the city
    • Cost of gold on the Multi Commodity Exchange (MCX)
    • The Rupee-US dollar dynamic

    When fixing gold prices, all the aforementioned factors come into play. The import duty though remains the same for all imports, the same is the case with the GST too. After this, the local association decide on what price better reflects the market dynamic (demand, inflow, outflow etc). Once all this is taken care of, the performance of the US dollar and the Indian rupee provides direction to prices.

    Factors behind the rise of Gold Price in Kolkata

    Up until 2003, gold prices around India remained around the Rs.3,500 bracket, but things changed soon after the Lehman Brothers crash happened in 2008. When the markets crashed, people felt that investing in gold, whose prices were rising significantly would help offset their losses. Now, ever since 2008, gold prices have risen by more than 750% within a decade.

    Future of Gold Price in Kolkata

    While we have mentioned how gold prices have gone up over the last couple of years, there is a chance that bullion trading has seen its best days already. These days there are very few reasons why gold rates should spike, unless the world again goes through a bad debt situation like it did in 2008. Some expect gold prices to remain more or less flat for much of 2017.

    Gold loans in Kolkata

    Availing loans against gold has become rather common of late with several NBFCs like Muthoot Finance and Manappuram Gold Loans have been established with this as their core business principle. There are also several other NBFCs and banks which offer loans against assets like gold. To provide a loan, they usually value the gold at the current day’s rate and will keep it as a collateral tilt the borrowed amount is completely repaid with interest.

    Selling Gold in Kolkata

    Selling gold in Kolkata is relatively simple as nearly every jewellery store offers you this service. All you’d have to do is walk into a jeweller near you, who will value your gold and pay the total amount based on how much it weighs. However, what we suggest is that you go to reputed jewellers and retailers so that you don’t get hoodwinked by scamsters.

    These are some of the most important things you should know about investing in gold in Kolkata.

    What impact has GST had on gold rate in Kolkata?

    As per the Income Tax regulations, gold as a commodity is taxable under the law and with the introduction of Goods and Services Tax (GST) on Gold 1 July 2017, the price dynamic has undergone a major rejig. As per the old law, gold was taxed at 12.2% , of which 10% was the import duty, 1% was the excise duty, while the remaining 1.2% was the VAT complement of the tax. At present, the excise and VAT duty have been scrapped and has been replaced with a GST of 3% and the 10% import duty still remains.

    On the retail front, there are a few different components to look at. For instance, there’s the 5% making charges on top of the 10% import duty, and 3% GST.

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    Ways to invest in gold in Kolkata

    Being a major metropolitan city, Kolkata certainly offers a lot of scope for gold investment. For people looking to invest in the yellow, there are plenty of avenues to choose from. These range from obvious consumer-centric instruments like jewellery and gold coins, while there are also other investment-driven options one can explore like gold bullions and Exchange Traded Funds (ETFs).

    Things to know before investing in gold in kolkata

    In this section we will talk about the various things you should know about before investing in gold. Here is a list of things every gold investor must know before making their purchase:

    • The purity level - Gold is available in multiple levels, which are based on how pure they are. These are four of the mostly known ones, i.e,, 14 karat (58.33% pure), 18 karat (75% pure), 22 karat (92% pure), and 24 karat (99% and above). A 24K gold is also considered to be the purest form of gold. For jewellery purposes, 22K gold is commonly used as it offers designers a certain level of customizability. Another reason 22K gold is used instead of 24K is because the latter is far too brittle to withstand complex and intricate designs.
    • What the labour charges are - Every jeweller, irrespective of where they are based, add what is known as labour charge. This is the compensation for the man hours spent creating a piece of jewellery. Sellers usually add this amount to the overall cost of the product.
    • Certification - Every gold type is certified with an authentication letter and most jewellers provide the a certificate stating that their gold is either KDM or Hallmark certified. Make sure your gold has the right certification before making the purchase.
    • Timing of the purchase - The timing of your purchase can have a bearing on how much your jewellery could cost. For instance, during festive seasons when demand is high, you are likely to spend more as opposed to buying during the off season. Also be on the lookout for additional offers which reputed jewellers put up from time to time.
    • Keep the weight in mind - When a jewellery is weighed before a sale, any other stones used (emerald, diamond etc) will also be included in the pricing. This may increase the price of your jewels further. So, keep this in mind when purchasing studded jewellery.

    What factors influence gold rate in Kolkata?

    There are a number of reasons why gold is priced different in almost every other city in the country.

    • One of the things that play a role is logistics. You see, India has very few gold mining companies and in order to make up for the shortage, we import gold from other countries like Switzerland, Saudi Arabia, the USA, Ghana, Peru, Bolivia among others.
    • The second factor is the Central Bank, which sometimes imports gold when there’s an especially high demand for the metal. As a consequence of this, gold prices also rise up.
    • The third factor is the Indian Rupee. Depending on how good or bad the rupee is performing, gold rates differ. For instance, if the rupee gains up to 100 points on the dollar i.e., if the value falls from say Rs. 64 for 1 USD to Rs.62 per 1 USD, gold rates drop. This is because the importing cost decline due to a stronger rupee. The opposite is also true, if rupee falls and dollar gains, gold rates increase.

    What’s the difference between KDM and Hallmark gold?

    KDM and hallmark are two entirely different things, in that KDM alludes to the process of using other metals to make jewellery that would last long. On the other hand, Hallmark is the certification provided to the piece of gold based on its purity levels. The latter is follows a clear cut instruction set by the Bureau of Indian Standards (BIS), the arbitrator of sorts for gold standards in India.

    Gold or Gold ETF - Which is a better option?

    Whether a gold or gold ETF is a better option depends on the reason behind your purchase. If, for instance, you are buying gold for personal consumption, there’s no other way than to buy gold. On the other hand, if you want to buy gold from an investment point of view, you could take a clear look at ETFs. But, before going for it, you should know that ETFs aren’t the same as physical gold, in that you won’t have it with you. Also, ETFs are taxable in you register any capital gains after you liquidate your assets.

    FAQs on Gold Rate in Kolkata

    1. How is the rate of gold in Kolkata decided?

      Ans: The price of gold depends on various factors such as the demand of gold and the rate of interest at which one can buy gold. In developed countries, a lower demand for gold leads to the price of gold dropping, and a higher demand leads to the price rising.

    2. When is the best time to buy gold in Kolkata?

      Ans: The best time to buy gold is when the prices are low. You can check daily newspapers and reliable online news portals where the price of gold is updated on a daily basis. You can then purchase gold on the day when the prices are low and then sell it when the prices are high to get profit.

    3. What are the various gold hallmarks found in Kolkata jewellery stores?

      Gold Carat (CT) or Karat (KT or K) is a unit of measurement for the purity of gold in jewellery. The different gold hallmarks found in Kolkata jewellery stores are 8-carat gold, 9-carat gold, 10-carat gold, 11-carat gold, 12-carat gold, 13-carat gold, 14-carat gold, 15-carat gold, 16-carat gold, 17-carat gold, 18-carat gold, 19-carat gold, 20-carat gold, 21-carat gold, 22-carat gold, 23-carat gold, and 24-carat gold.

    4. What are the various gold jewellery colours available in Kolkata?

      There are different types of gold jewellery colours available in India. Yellow gold is the most prominent colour used in jewellery across Kolkata Jewellery Stores, White gold is also often used in Kolkata jewellery stores, rose gold is also used in jewellery, and green gold is also accessible in Kolkata jewellery showrooms.

    5. How is gold weighed and sold in Kolkata?

      Gold is purchased in tolas, grams, pavans, sovereigns, kilograms, and ounces at jewellery shops across Kolkata.

    6. How to invest in gold in Kolkata?

      Physical gold jewellery/coins and bars, Gold Mutual Funds, Gold Exchange Traded Funds (Gold ETFs), and Sovereign Gold Bonds are various options for gold investment.

    7. What are the factors which determine the gold price in Kolkata?

      The gold prices in Kolkata are determined by a number of factors, including local government taxes and levies.

    News About Kolkata Gold Rate

    • Gold rates increase slightly in India on 10 November 2022

      Due to a decline in US government bonds, gold prices jumped slightly on 10 November 2022. The price for 10 grams of 24-carat gold on 10 November are Rs.51,670. 22-carat gold is being sold for Rs.47,360 per 10 grams. In the global markets, gold is selling at $1,702.00 for an ounce. Gold prices are affected on a daily basis because of making charges, state taxes, and excise duty.

      11 November 2022

    • Price of Gold on 3 November 2022

      Gold prices spiked on 3 November 2022, in Hyderabad, Bangalore, Kerala, and Visakhapatnam. 10 grams of 22-carat gold now costs Rs.46,850 in Bangalore, up Rs.300 from before, while 10 kilos of 24-carat gold now cost Rs.51,110, up Rs.330. Hyderabad has seen price increases of Rs.300 for 10 kilos of 22-carat gold to reach Rs.46,850 and Rs.310 for 10 grams of 24-carat gold to reach Rs.51,110.

      04 November 2022

    • Gold is selling at Rs.50,670 in some of the major Indian cities

      The price of 10 grams of 24-carat gold stands at Rs.50,670 in some of the major Indian cities on 17 October. The cost of 22-carat of yellow metal is Rs.46,600 per 10 grams in Delhi, Jaipur, and Lucknow. The price of the same variety is Rs.46,900 in Chennai and Rs.46,450 in Kolkata and Mumbai.

      18 September 2022

    • Gold rates drop on 13 October

      On 13 October, the gold prices declined in Bengaluru, Visakhapatnam, Kerala, and Hyderabad. The precious metal costs Rs.46,900 per 10 gram of 22 karat gold while 24 karat gold costs Rs.51,160 per 10 gram in Bengaluru. Gold prices in Hyderabad are Rs.46,900 per 10 gram of 22 karat gold and Rs.51,160 per 10 gram of 24 karat gold. In Kerala and Visakhapatnam, 10 gram of 22 karat gold costs Rs.46,900 while 10 gram of 24 karat gold is priced at Rs.51,160.

      13 September 2022

    • Gold prices at Rs.49,970 for 10 grams in Kolkata

      In Kolkata, gold prices remained steady in India on 23 September 2022. The price of the yellow metal stood at Rs.45,800 per 10 gram of 22 karat gold in Mumbai, Hyderabad, and Kerala. In Chennai, 22 karat gold is priced at Rs.46,250 per 10 gram. The price of 10 gram of 22 karat gold is Rs.45,950 in Chandigarh, and Lucknow. In Bengaluru 22 karat gold is priced at Rs.45,860 per 10 gram. 24 carat gold prices are Rs.50,130 for 10 grams, while 22 carat gold prices are Rs.45,950 per 10 grams in the national capital.

      30 September 2022

    • Gold Prices in Kolkata

      The price of gold in Kolkata is Rs.46,700 for 10 grams of 22 carat gold and Rs.51,000 for 10 grams of 24 carat gold on 12 September 2022.

      13 September 2022

    • Gold prices decline by Rs.320 on 26 July

      Gold prices in India decreased by Rs.320 on 26 July. In India, 10 gram of 22 karat gold was selling at Rs.50,780 as opposed to its previous closing of Rs.51,160. The price of 24 karat gold today was Rs.46,580, down from the previous closing of Rs.46,900. Gold is priced at Rs.46,580 per 10 gram of 22 karat gold in Delhi, Mumbai, and Kolkata.

      27 July 2022

    • Gold rates surge on Tuesday

      The rates of gold surged on 19th July. In Mumbai and Kolkata, gold is priced at Rs.46,300 per 10 gram of 22 karat gold and in Bengaluru, 10 gram of 22 karat gold is priced at Rs.46,300. Gold is priced at Rs.46,580 per 10 gram of 22 karat gold in Chennai. In Bengaluru, 10 gram of 22 karat gold is priced at Rs.46,300. In Jaipur and Lucknow, 10 gram of 22 karat gold is priced at Rs.46,500.

      20 July 2022

    • Today's Gold rate in Kolkata

      Gold rate in Kolkata have been slashed. Ten grams of 22 karat gold is priced at Rs.46,750, whereas ten grams of 24 karat gold is charged Rs.51,000.

      02 July 2022

    • Gold prices reduced in Kolkata

      In Kolkata, the price of ten grams of 22 karat gold costs Rs.47,650, while ten grams of 24 karat gold cost Rs.51,980.

      20 June 2022

    • Gold Prices increase by Rs.590 in India for both 22 and 24 carat gold

      On Tuesday, 3rd June, the prices of the precious yellow metal stood at Rs.50,610 per 10 grams for 24 carat gold while 22 carat gold stood at Rs.46,630 per 10 grams.

      03 June 2022

    Gold Rate In Metro Cities
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