• Gold Rate In West Bengal

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2018 ₹ 3,088 ₹ 24,704 ₹ 3,242 ₹ 25,936
    25 May 2018 ₹ 3,081 ₹ 24,648 ₹ 3,235 ₹ 25,880
    24 May 2018 ₹ 3,064 ₹ 24,512 ₹ 3,217 ₹ 25,736
    23 May 2018 ₹ 3,056 ₹ 24,448 ₹ 3,209 ₹ 25,672
    22 May 2018 ₹ 3,051 ₹ 24,408 ₹ 3,204 ₹ 25,632
    21 May 2018 ₹ 3,063 ₹ 24,504 ₹ 3,216 ₹ 25,728
    20 May 2018 ₹ 3,063 ₹ 24,504 ₹ 3,216 ₹ 25,728
    18 May 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    17 May 2018 ₹ 3,061 ₹ 24,488 ₹ 3,214 ₹ 25,712
    16 May 2018 ₹ 3,093 ₹ 24,744 ₹ 3,248 ₹ 25,984

    *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 Rate in West Bengal

    West Bengal is the fourth-most populous state in India, with more than 91 million people. It is an ethno-linguistic state with a proud history of kingdoms and empires that have contributed significantly to the country’s glorious past. As such, the demand for gold in the state is constantly increasing as people make purchases on a consistent basis when there are festivals. Since gold is considered a part of the cultural and traditional heritage of West Bengal, dealers in the state are never short of supply to meet the never-ending demand.

    Gold Rate Trend in West Bengal for January 2018 to March 2018 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,090 per gram Rs.3,146 per gram Rs.3,143 per gram
    Last day Rs.3,127 per gram Rs.3,163 per gram Rs.3,169 per gram
    Highest price Rs.3,172 per gram on 25 January Rs.3,191 per gram on 18 and 19 February Rs.3,198 per gram on 25 and 26 March
    Lowest price Rs.3,088 per gram on 5 January Rs.3,105 per gram from 11 and 13 February Rs.3,132 per gram on 18 and 19 March
    Trend Incline Incline Incline
    Change 1.19% 0.54% 0.82%

    Gold Rate Trend in West Bengal for October 2017 to December 2017 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.3,109 per gram Rs.3,071 per gram Rs.3,074 per gram
    Last day Rs.3,091 per gram Rs.3,085 per gram Rs.3,098 per gram
    Highest price Rs.3,138 per gram from 12 to 17 October Rs.3,123 per gram on 20, 25th and 26th November Rs.3,098 per gram on 30 and 31 December
    Lowest price Rs.3,079 per gram from 27 to 29 October Rs.3,035 per gram 18 November Rs.3,001 per gram on 12 and 13 December
    Trend Decline Incline Incline
    Change -0.57% 0.45% 0.78%

    Gold Rate Trend in West Bengal for October 2017

    • Gold was priced at Rs.3,109 per gram as trading opened in West Bengal in October.
    • Prices were more or less steady during the first week as local demand was consistent in spite of fluctuations in international demand.
    • Gold price West Bengal rose to their monthly high of Rs.3,138 per gram from 12-17 October as festive shopping led to an increase in orders for the yellow metal.
    • The weak U.S. Dollar also contributed to a rise in the price of gold, though this was a short-lived rally.
    • The resurgent dollar led to gold prices stagnating for a while before prices rose on sharp investor uptake.
    • Demand for gold declined steadily after Diwali as European industry reduced offtake due to a stable dollar.
    • Local demand also fell in the wake of plunging demand for gold overseas, resulting in the metal trading at Rs.3,079 per gram from 27-29 October.
    • Minor gains were recorded as the month drew to a close, with gold priced at Rs.3,091 per gram on 31 October.

    Gold Rate Trend In West Bengal For November 2017:

    • Gold was priced at Rs.3,071 per gram on 1 November as prices remained unchanged from the previous month due to steady demand.
    • There was a steep drop in price as the week progressed due to a bull run by equity markets in the United States, as news of the new tax policy was released.
    • Local demand was also on the decline in spite of it being the wedding season, putting more pressure on the precious metal’s price.
    • Gold price in West Bengal continued to fluctuate for the remainder of the month, with gold reaching its monthly high of Rs.3,123 per gram on 20 November.
    • In spite of the late recovery, gold prices slid as the month drew to a close, trading at Rs.3,085 per gram on 30 November to register a gain of 0.45% in value over the course of the month.

    Gold Rate Trend In West Bengal For December 2017:

    • December began with gold trading at Rs.3,074 per gram, with the price falling due to a lowering of demand across sectors.
    • The markets swung wildly over the first week due to the escalation of tensions between the United States and North Korea, though the dollar rate remained quite stable.
    • Demand from Asian markets was muted due to the fluctuations, while local demand was also quite poor due to international trends.
    • Gold price in West Bengal dipped to a monthly low of Rs.3,001 per gram on 12 & 13 December as investors shied away from gold due to a market bull run.
    • The holiday shopping season also boosted market performance and reduced reliance on bullion.
    • Gold price in West Bengal rose towards the end of the month as fears of monetary tightening due to rising inflation led to jittery markets.
    • The yellow metal touched monthly highs of Rs.3,098 per gram on 30 & 31 December to register a rise in value of 0.78%.

    Gold Rate Trend in West Bengal for July 2017 to September 2017 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.3,011 per gram Rs.3,005 per gram Rs.3,041 per gram
    Last day Rs.3,001 per gram Rs.3,041 per gram Rs.3,109 per gram
    Highest price Rs.3,044 per gram on 3 July Rs.3,072 per gram on 17 August Rs.3,185 per gram from 8-11  September
    Lowest price Rs.2,903 per gram on 14 July Rs.2,971 per gram on 7 August Rs.3,041 per gram on 1 & 2  September
    Trend Decline Incline Incline
    Change -0.33% 1.19% 2.23%

    Gold Rate Trend in West Bengal for July 2017:

    • West Bengal was one of the few states which wasn’t as affected by GST as the other states.
    • On the 1st of July, gold traded at Rs.3,011 per gram in the east Indian state. As local investors decided to purchase more gold before the fall could occur, gold rates went up to Rs.3,044 per gram on the 3rd of July.
    • Rates seen on the 3rd happened to be the highest gold rate this month.
    • However, the 3% GST on gold purchases was too much to bear for investors. This led to most of them backing off of trade exchanges.
    • Gold rates in West Bengal went down to as low as Rs.2,903 per gram on the 14th of July.
    • But, from that period on, gold sales picked up as the US dollar seemed to waver slightly and local purchases improved.
    • This led to gold prices in West Bengal surging to end at Rs.3,001 per gram on the last day of this month.
    • Overall, gold rate trend decline by 0.33% due to weak purchasing trend from local markets.

    Gold Rate Trend in West Bengal for August 2017:

    • Gold prices this month were on the incline due to increased purchases towards the end of the month.
    • When the month began, gold was priced at Rs.3,005 per gram, which dropped to monthly low figure of Rs.2,997 per gram on the 7th as the US dollar gained against other currencies.
    • As local trading saw a rise, gold rates in West Bengal went up to Rs.3,072 per gram on the 17th - the month’s highest gold rates.
    • Gold rates in West Bengal went down towards the 3rd and the 4th week due to weak local cues.
    • But, festive season demand saw gold prices bounce back to end at Rs.3,041 per gram when the month ended.
    • Overall, price trend surged by 1.19%, owing to a weak US dollar after Hurricane Harry wreaked havoc on the US economy.

    Gold Rate Trend in West Bengal for September 2017:

    • Gold trading in West Bengal was also positive, thanks to the Diwali season and the geopolitical concerns between the US and North Korea.
    • On the 1st of September, the yellow metal traded at Rs.3,041 per gram.
    • After the US-North Korea issue sent the US economy crashing. Rates went up to as high as Rs.3,185 per gram on the 8th and remained the same till the 11th of September.
    • However, a positive US economic outlook saw the dollar improve and continue improve, thereby pushing gold rates down.
    • The final day of the month saw gold trading at Rs.3,109 per gram.

    Gold Rate Trend in West Bengal for April 2017 to June 2017 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.3,011 per gram Rs.3,021 per gram Rs.3,030 per gram
    Last day Rs.3,021 per gram Rs.3,015 per gram Rs.3,011 per gram
    Highest price Rs.3,096 per gram on 17, 22 & 23 April Rs.3,034 per gram on 30 May Rs.3,080 per gram on 7 June
    Lowest price Rs.3,011 per gram from 1-3 April Rs.2,937 per gram on 11 May Rs.2,994 per gram on 19 & 20 June
    Trend Incline Decline Decline
    Change 0.33% -0.19% -0.62%

    Gold rate trend in West Bengal for April 2017

    • The price of gold in West Bengal was on the ascent as April began, with gold trading at Rs.3,011 per gram on 1 April and reaching Rs.3,034 per gram on 4 April.
    • Demand dropped due to the U.S. dollar strengthening against other global currencies, as gold prices fell to Rs.3,005 per gram on 10 April.
    • Prices rose as there was a sharp drop in the dollar rate due to tensions with North Korea, as gold prices rose to Rs.3,065 per gram from 13-16 April.
    • The investigation into Russian involvement in the U.S. presidential election led to markets falling, as gold reached Rs.3,096 per gram on 17 April.
    • Demand began to drop as the month ended as industrial demand decreased and the markets recovered, resulting in gold trading at Rs.3,021 per gram on 30 April.

    Gold rate trend in West Bengal for May 2017

    • Demand for gold fluctuated in May due to the upcoming French presidential election, with the metal opening the month at Rs.3,021 per gram and falling to Rs.2,947 per gram on 6 & 7 May.
    • The victory of Emmanuel Macron led to markets surging and currencies strengthening, which led to a decline in demand for gold.
    • Local demand helped keep prices stable, as gold traded at Rs.2,939 per gram on 13 May.
    • Prices began to rise as industrial demand increased following the decline of the dollar rate, with gold trading at Rs.3,003 per gram on 18 May.
    • The ongoing political turmoil in the United States and the OPEC meeting led to the U.S. dollar rate falling, which led to gold prices rising to Rs.3,029 per gram on 23 May.
    • Prices fluctuated in the last week of May, with gold falling to Rs.3,012 per gram on 26 May before recovering to end the month at Rs.3,015 per gram on 31 May.

    Gold rate trend in West Bengal for June 2017

    • Gold prices in June were volatile due to fluctuating markets and an unstable U.S. dollar rate, with gold trading at Rs.3,030 per gram on 1 June.
    • Prices rose in the initial weeks as the markets were low due to upheavals in the U.S. political system as well as the possibility of a repeal of the healthcare system.
    • Gold traded at Rs.3,080 per gram on 7 June before prices dropped to Rs.3,028 per gram on 10 June due to a sharp drop in industrial demand as markets stabilised.
    • The recovery of the U.S. dollar as well as stable domestic markets led to gold prices stagnating, as gold traded at Rs.3,024 per gram on 12 & 13 June.
    • Prices dropped to Rs.2,994 per gram on 19 June as Asian markets reduced demand due to high import costs as the dollar was strong.
    • Demand continued to be muted but prices rose as the month was ending, with gold priced at Rs.3,011 per gram from 27-30 June.

    Gold Rate Trend in West Bengal for January 2017 to March 2017 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,843 per gram Rs.2,989 per gram Rs.3,030 per gram
    Last day Rs.2,989 per gram Rs.3,008 per gram Rs.2,987 per gram
    Highest price Rs.3,014 per gram on the 24th of January Rs.3,010 per gram from the 20th of February to the 22nd of February Rs.3,030 per gram on the 1st and 27th of March
    Lowest price Rs.2,838 per gram on the 2nd of January Rs.2,977 per gram on the 2nd of February Rs.2,945 per gram on the 15th of March
    Trend Incline Incline Decline
    Change 5.13% 0.63% -1.41%

    Gold Rate Trend in West Bengal for January 2017:

    • West Bengal, like other states and cities in the country, saw gold price trend follow a positive path for the month of January.
    • After massive downfall in gold prices during Q4 2016, increase in the first quarter of 2017 was seen as a welcome move.
    • The month began with gold trading at Rs.2,843 per gram but decreased to Rs.2,838 per gram - the lowest gold rate for the month.
    • Despite some fluctuations, gold prices seemed to be on the positive side for much of the month.
    • On 24th, gold prices hit their highest of Rs.3,014 per gram as demand increased due to uncertainty over US monetary policy.
    • However, the rapid influx of demand underwent a correction towards the end of the month.
    • January came to an end with gold trading at Rs.2,989 per gram, marking a price trend increase of 5.13% for the month.

    Gold Rate Trend in West Bengal for February 2017:

    • As the US Federal Reserve increased its interest rate, gold prices seemed to take a hit during February.
    • The month began with gold trading at Rs.2,989 per gram but fluctuated a lot due to some positive and negative factors a la US monetary policy and Fed rate hike.
    • Gold rates in West Bengal hit their lowest on 2nd as the metal was seen trading at Rs.2,977 per gram.
    • After enduring a tough period over the second week, gold prices reached their highest on 20th when the yellow metal was trading at Rs.3,010 per gram.
    • The next few days saw gold prices being corrected, which led gold trading at Rs.3,008 per gram.
    • Though February saw a positive price trend, the change actually signalled the arrival of worse days in March.

    Gold Rate Trend in West Bengal for March 2017:

    • As predicted, gold prices in March seemed to fall as US fed rate hike brought prices down significantly.
    • On 1st of March, gold was priced at Rs.3,030 per gram, but as the US decided to change the Federal Reserve interest rate for a record second time in 2 months, gold prices around the world slowed down.
    • As investors backed out more and more, prices went down to Rs.2,945 per gram by the end of 15th.
    • Bullion rates, however, rallied by the end of the month to end at Rs.2,987 per gram.
    • Price trends in West Bengal changed by -1.41% as demand from domestic and global circles fell due to Fed rate hike.

    Factor October November December
    1st day Rs.3,244 per gram Rs.3,130 per gram Rs.2,884 per gram
    Last day Rs.3,130 per gram Rs.2,926 per gram Rs.2,843 per gram
    Highest price Rs.3,244 per gram from 1st-11th October Rs.3,190 per gram on 3rd & 4th November Rs.2,963 per gram on 1st & 2nd December
    Lowest price Rs.3,100 per gram on 18th October Rs.2,919 per gram on 27th November Rs.2,749 per gram from 24th-26th December
    Trend Decline Decline Decline
    Change -3.51%                                   -6.51% -1.42%

    Gold Rate Trend for West Bengal in October 2016

    • The price of gold in West Bengal for the month of October was stable as the month began, but low demand led to a decline in price as the month progressed.
    • Gold traded at Rs.3,244 per gram on 1st October due to increasing orders by jewellers on account of the upcoming festive and wedding season.
    • Demand from industry was also consistent at the start of the month but fell as the U.S. Dollar strengthened on the possibility of an interest rate hike by the U.S. Federal Reserve.
    • The retails sector also saw a slump in demand towards the end of the month, which led to a decline in price.
    • Gold was priced at Rs.3,130 per gram as the month ended, with the price falling by 3.5% as demand dipped.

    Gold Rate Trend for West Bengal in November 2016

    • The price of gold fell sharply during the month after an initial rally due to stable markets which led to a reduction in demand from industry.
    • Gold traded at Rs.3,130 per gram on 1st November, with the price rising to Rs.3,190 per gram on 3rd November as markets dipped over uncertainty regarding the upcoming U.S. election results.
    • Gold prices rose following the announcement of the withdrawal of large currency notes in India, as investors rushed to the safe haven asset.
    • Prices regularised as markets began to recover and demand dipped, due to a reduction in industrial demand from Asia.
    • The currency shortage also led to a reduction in demand, as jewellers reduced orders during peak season due to declining sales.
    • Prices stayed low as the month ended, with gold trading at Rs.2,926 per gram on 30th November to record a loss of 6.51%.

    Gold Rate Trend for West Bengal in December 2016

    • Demand for gold was lower than expected, with gold trading at Rs.2,884 per gram on 1st December.
    • An imminent Fed rate hike boosted the U.S. Dollar, which traded high, leading to a decrease in demand for gold.
    • The Christmas season saw a decrease in demand for gold as markets stabilised due to higher sales volumes, reducing dependency on gold as a safe haven asset.
    • Prices dipped to a low of Rs.2,749 per gram on 24th December as both retail and industrial demand slumped.
    • The currency shortage reduced demand for gold during the festive season, which also contributed to keeping gold prices low.
    • The price of gold rose towards the end of the month as fears of a slowdown in Asia led investors to purchase safe haven assets.
    • Gold traded at Rs.2,843 per gram on 31st December.
    Factor July August September
    1st day Rs.3,252 per gram Rs.3,271 per gram Rs.3,218 per gram
    Last day Rs.3,292 per gram Rs.3,237 per gram Rs.3,244 per gram
    Highest price Rs.3,305 per gram on 7th July Rs.3,287 per gram from 5th to 7th August Rs.3,244 per gram from 7th September to 30th September
    Lowest price Rs.3,218 per gram from 27th July to 29th July Rs.3,232 per gram on the 9th of August Rs.3,200 per gram on 5th and 6th September
    Trend Incline Decline Incline
    Change +1.23% -1.4% +0.8%

    Gold Rate Trend of West Bengal in July 2016

    • The price of gold was Rs.3,252 per gram on 1st July.
    • Prices rose consistently until the 4th of the month, after which they fluctuated as marginal increases were written off by subsequent gains over the course of the month.
    • The highest recorded rate in the month of July was recorded on the 7th when prices soared to Rs.3,305 per gram.
    • Gold closed the month at Rs.3,392 per gram.

    Gold Rate Trend of West Bengal in August 2016

    • The price of gold per gram on the 1stt of August was Rs.3,271, and rate increased on the next two days.
    • The highest recorded rate in August was Rs.3,287 per gram between the 5th and 7th day of the month.
    • Fluctuations continued until the 12th of August, after which prices became stable at Rs.3,248 from the 13th to the 17th.
    • Prices were stable between the 18th and 28th at Rs.3,277.
    • Prices then declined to Rs.3,237 on the 29th and remained stable until the end of the month to record an overall decline of 1.4%.

    Gold Rate Trend of West Bengal in September 2016

    • Gold traded at Rs.3,218 per gram on 1st September and prices remained unchanged on the 2nd.
    • Rates rose to Rs.3,239 on the 3rd and remained constant on the 4th.
    • Prices then declined to Rs.3,200 and remained constant on the 6th, making it the lowest recorded rate in the month.
    • On the 7th of September, prices rose to Rs.3,244 and remained stable until the month.
    • The overall increase in rates between the first and last day of September was less than 1%.
    Factor April May June
    1st day Rs.3,018 per gram Rs.3,018 per gram Rs.3,015 per gram
    Last day Rs.3,018 per gram Rs.3,003 per gram Rs.3,221 per gram
    Highest price Rs.3,018 per gram on April 30th   Rs.3,157 per gram from the 7th to 11th of May Rs.3,259 per gram from June 24th and 27th and on June 29th
    Lowest price Rs.3,018 per gram on April 4th Rs.3,003 per gram from the 27th to 30th of May Rs.2,988 per gram on 4th of June
    Trend Neutral Decline Rising
    Change 0% -5.13% +9.07%

    Gold Rate Trend of West Bengal in April 2016

    • Gold prices remained unchanged throughout the month and stood at Rs.3,018 for the entirety of the 30-day period.

    Gold Rate Trend of West Bengal in May 2016

    • Gold prices remained unchanged on the first day of May, at Rs.3,018.
    • Prices fluctuated during the first week of May, but increased marginally on the 7th and remained unchanged until the 11th at Rs.3,157.
    • Fluctuations continued over the month and the lowest price recorded in May was between the 27th and 30th when they plunged to Rs.3,003.
    • The overall decline in prices when comparing the first day of May to the last was just Rs.15.

    Gold Rate Trend of West Bengal in June 2016

    • Gold prices were recorded at Rs.3,015 on the 1st of June and fluctuated over the course of the month.
    • The highest recorded rate in June was between the 24th and 27th as well as on the 29th when prices soared to Rs.3,259.
    • The overall increase in prices between the first and last day of the month was Rs.206.
    Factor January February March
    1st day Rs.2,547 per gram Rs.2,718 per gram Rs.3,090 per gram
    Last day Rs.2,692 per gram Rs.3,067 per gram Rs.3,018 per gram
    Highest price Rs.2,705 per gram on January 30th   Rs.3,092 per gram on 26th  of February Rs.3,090 per gram on March 1st and March 3rd to 18th
    Lowest price Rs.2,547 per gram on January 1st and 2nd Rs.2,718 per gram on 1st of February Rs.3,018 per gram from 22nd to 31st of March
    Trend Rising Rising Decline
    Change +6.20% +13.76% -2.39%

    Gold Rate Trend of West Bengal in January 2016

    • Gold traded at Rs.2,547 per gram on the 1st of January with consistent increases over the next few days resulting in an increase in rates.
    • The highest price in the month was recorded on the 30th when rates soared to Rs.2,705.
    • Prices fell on the last day of the month and closed at Rs.2,705, marking an overall increase of Rs.171 between the first and last day of the month.

    Gold Rate Trend of West Bengal in February 2016

    • Gold prices were recorded at Rs.2,718 per gram on the 1st of February, followed by consistent increases over the following weeks.
    • Gold rates rose to Rs.3,092 on the 26th of the month, making it the highest recorded price during February.
    • A steady rise in prices over the 29 days meant that gold closed the month at Rs.3,067 per gram.

    Gold Rate Trend of West Bengal in March 2016

    • Gold prices were recorded at Rs.3,090 on the 1st of March after which a decline saw prices fall to Rs.3,030.
    • Prices rose on the 3rd to Rs.3,090 and remained unchanged until the 18th of the month, making it the highest recorded rate during the month.
    • Prices then fell and remained constant at Rs.3,019 for three days, after which a decline by Re.1 took prices down to Rs.3,018 and they remained unchanged until the end of the month.
    • The overall decline in prices between the first and last day of March was Rs.71. 

    Details of Gold Price in West Bengal(22 Karat & 24 Karat) - Till October 2015

    24 carat gold: The purest form of gold on the planet, 24 carat gold comes with 99.99% purity, making it the most expensive form of the metal. If you’re looking to purchase 24 carat gold in West Bengal, you will have to spend Rs 2726 for one gram as of 16 October, 2015.

    22 carat gold: 22 carat gold is slightly different from 24 carat gold in the sense that the purity of the element is 92% in comparison with the 99.99% of 24 carat gold. If you wish to buy 22 carat gold in West Bengal, you will have to pay Rs 2548 per gram as of 16 October, 2015.

    Gold Investment Avenues in West Bengal

    West Bengal has multiple options for investors who wish to purchase gold. Following are the most common forms that buyers can choose from based on their unique investment requirements.

    Market trade: E-Gold, future contracts and ETFs (Exchange Trade Funds) are the most popular opportunities so far as gold trading is concerned. Most investors choose ETFs as they not only provide good returns, but can also be traded on the Mumbai Stock Exchange. Future contracts are also attractive offers for investors to consider as they provide protection against market fluctuations and buyers have the option of taking possession of their purchase on a predetermined date. E-Gold is mainly purchased by investors who don’t really want to take possession of the metal, but rather sell it at a later date for a profit. E-Gold may be bought and sold via the National Spot Exchange Limited and investors are afforded the option of physically owing the metal should they prefer to do so.

    Over-the-counter: A large number of gold investors in West Bengal prefer to buy gold in the form of jewellery, coins and bullions. Gold coins and bullions can be purchased from major dealers and banks across the state, but local prices are often dictated by international rates. Majority of the investors generally choose to purchase from local dealers instead of banks because the prices charged by dealers are significantly less. Banks charge slightly more than dealers because of quality assurance.

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    News About Gold Rate in West Bengal

    • With the reopening of jewellery shops after the strike, Gold Discounts has reduced considerably.

      At the end of the jewellery retailers’ strike, the demand for gold in India has improved this week. The strike by Indian jewellers, which started in March, was due to the reintroduction of a sales tax on gold jewellery after four years. The protest ended last week and shops have thus started to open.

      Many jewellers are however concerned about the fact that the demand is lower than expected. It was expected that customers would be rushing to make purchases since shops were closed for such a long period. This has not been the case.

      This week, dealers were offering a discount of up to $8 an ounce to the global spot benchmark. Last week the discount was $25. Due to weak demand, in February, the discount had hit a record high of $53 an ounce.

      22 April 2016

    • Gold trades higher amidst weak dollar

      A drop in oil prices and a weak dollar have led to equities increasing. This has led to gold trying to maintain its foothold in the bullion trade. A weaker dollar has led to the yellow metal trading higher in the New York Mercantile Exchange’s Comex Division.

      The price of the precious metal increased by 0.1% or 60 cents to end at $1,235.20 for an ounce. In the trade, the gold rate ranged between $1,231.70 and $1,243.30.

      19 April 2016

    • Gold prices continue to plunge

      Gold prices continued to drop in Dubai for the second day running on the back of strengthening US dollar and global stocks staging a recent rally. 24 carat gold dropped by 0.66 per cent to close at Dh 149.50, while 21 carat and 18 carat gold respectively closed at Dh 134 and Dh 114.75. The Asian market did not fare much better as gold bullion dropped to $1,228.70 per ounce, before recovering a little to close at $1,232.50. However, Asian stocks are on the rise, in parallel with markets across Europe and Wall Street.

      15 April 2016

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

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      "Very good service"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      It has been very good service which they have been providing so far, i have been using this account for almost 8 years, and there has not been any issues so far. I have been using the account for most of my transactions. There has not been any minimum balance which they have asked to keep or any extra charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • SBI Cards Credit Card
      "Excellent service"
      SBI CARDS
      0.5 5.0/5 "Blown Away!"
      I have been holding this card for the last one year, the services which they have been providing so far had been good. The credit limit had been good with the card, and also there has been good features and benefits with the card too. There has been good offers in the fuel recharges, and i have been using it for shopping and in hotels and in all other purposes.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Bank Bazaar Credit Card
      "Very good service"
      CITIBANK
      0.5 5.0/5 "Blown Away!"
      I have been using the services for the last four months. I have been using the mobile application and has been very easy using it. The customer service had been very good where there has been good follow ups and had been good. I have not faced any issues so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Citibank Credit Card
      "Good Card"
      CITIBANK
      0.5 4.0/5 "Great!"
      The benefits and the features had been good where i had decided to chose the card and it has been a good experience. The process had been smooth and easy and i had got the card on time. They had collected the documents at the doorsteps and the whole process had been seamless. It has been a quick process overall and i am satisfied with the credit limit which they have provided.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • review Other Loan
      "Excellent service"
      PAYTM PAYMENTS BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have been using the services for almost 7-8 years. The services had been good so far and i have been using it for all the purposes and the transactions. There has not been any kind of extra charges made by them so far. There has not been any kind of issues as well as so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • HDFC Bank Car Loan
      "Good service"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      It has been a very good experience in taking this loan from them, where the loan has been sanctioned within ten days. The document submission and the whole process had been very quick and easy. I was happy with the loan amount and their customer services which they have been giving.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • HDFC Bank Saving Account
      "Very good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been using the services for almost 5-6 years, it has been very good with all the services which they have been providing. The customer service had been good. the minimum balance which have to be maintained is 25 thousand. I have been using this account in daily basis and there has not been any extra charges made by them so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • HDFC Bank Credit Card
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have been using this card for the past two years, the services of them had been good. The credit limit has not been so good where i was expecting more. The benefits and the features with the card had been very good. I have been using the card mainly for shopping.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Bank Bazaar Credit Card
      "Very good service"
      CITIBANK
      0.5 5.0/5 "Blown Away!"
      I have recently started using the services of them, it had been a very good experience so far i had with them. I have not faced any kind of issues or hassle and it has been a smooth and easy process. The customer service had made a good follow up. Even the website had been very easy to use and there has not been any hassles.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Citibank Credit Card
      "Good service"
      CITIBANK
      0.5 4.0/5 "Great!"
      The whole process in getting the card has been smooth and easy and the card has reached on time. I am happy with the benefits and the features with the card but the credit limit provided with the card has been less than i expected. The card had been providing good offers in reward points on fuel recharges which was one of the reason i had chosen this card.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • SBI Home Loan
      "Good Service Very low charges"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      My home loan with SBI was for almost 7 lacs. The application and the documentation was carried out at the branch. Their interest rate is pretty much competitive when comparing with other banks, processing took bit longer than expected. Other than that the loan experience was wonderful.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • SBI Car Loan
      "Good Service Very low charges"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I took to loans form SBI. The car loan was for 6 Lacs, the application and the processing took bit longer. The interest rate is very low with the SBI. Processing is time consuming which is the only drawback with them. It took almost a month to receive the cheque.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • HDFC Bank Saving Account
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I've a salaried savings account with the HDFC bank. I have been using this account for two years. Their service is good. The Internet banking platform and the mobile application is sufficient to carry out all the basic financial transactions with out visiting the branch.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • HSBC Bank Credit Card
      "Average Service"
      HSBC BANK
      0.5 3.0/5 "Satisfactory"
      HSBC Visa Platinum Credit Card is just like any other credit card you can find in the market. They offered me a very good limit, apart from that there are no exceptional features worth commending. Overall I never faced any problems with their services.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Citibank Credit Card
      "Very good card for rewards"
      CITIBANK
      0.5 4.0/5 "Great!"
      CITI Rewards Credit card is a useful credit card for their exclusive reward point system. The accumulated reward points can be adjusted against the outstanding amount. Their online facilities are also very good. I never faced any issues with their service and it is a recommendable card for daily life usage.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • Bank Bazaar Credit Card
      "Better Service"
      AMERICAN EXPRESS BANKING CORPORATION
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar platform for a while. I applied for a credit card via BankBazaar. The whole application process was smooth and hassle free. Their customer support follow up was also very good. The mobile application UI pretty much user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • American Express Credit Card
      "Good Service"
      AMERICAN EXPRESS BANKING CORPORATION
      0.5 4.0/5 "Great!"
      I wanted to use the Amex cad because of the service and their reward points. I am happy with the features and benefits of the card. I wanted to have a charge card, as of now I never faced any issues with the card and their services. Their reward point system is also very good.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • review Other Loan
      "Easy to use and comfortable . Userfriendly "
      PAYTM PAYMENTS BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have already account with Paytm. Everything is good. I have been using this paytm more than 1 year. I used to do the recharge, post paid bill payment, travel booking, movie tickets booking. I have the app in my mobile. Since i don't need it so far, i have never contact their customer care.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
    • review Other Loan
      "Reliable bank."
      SINDHUDURG DISTRICT CENTRAL COOPERATIVE BANK LTD
      0.5 5.0/5 "Blown Away!"
      ATM Withdrawals Upto 5 transaction is free. They are charging Rs. 23 after the 5th transaction. The banking people are helpful. Even though its a government based bank, they used to give me solution immediately for my query. I have been using this account for 10 years. Reliable bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2018
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