Gold Price Trend In Kolkata

Trend of Gold Rate in Kolkata for December 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
December 1 Rate Rs.3,166 per gram
December 31 Rate Rs.3,284 per gram
Highest Rate in December Rs.3,284 per gram on 30 and 31 December
Lowest Rate in December Rs.3,166 per gram on 1 December
Overall Monthly Performance Incline
Percentage Change 3.72%
Comparison for 24 K Gold Rates for Kolkata December 2018
Graph for Gold Rate (24K) in Kolkata December 2018

December 2018 - Week 1 (1 - 9):

Parameters Gold price (per gram of 24 karat gold)
December 1 Rate Rs.3,166 per gram
December 9 Rate Rs.3,226 per gram
Overall Weekly Performance Decline
  • Gold in Kolkata opened the month at Rs.3,166 per gram and rose steadily as overseas cues and growing retail demand boosted prices.
  • Growing uncertainty over economic growth and a bleak outlook regarding the Brexit deal led to higher demand for safe-haven bullion, as gold rose to Rs.3,212 per gram on 6 December.
  • The wedding season boosted local demand, as the metal closed the week trading at Rs.3,226 per gram on 9 December to record a rise of Rs.60 during the week.

December 2018 - Week 2 (10 - 16):

Parameters Gold price (per gram of 24 karat gold)
December 10 Rate Rs.3,226 per gram
December 16 Rate Rs.3,279 per gram
Overall Weekly Performance Incline
  • In a reversal of fortunes, gold price in Kolkata rose this week as steady local demand and a spike in industrial orders kept the metal’s rate high.
  • Gold traded at Rs.3,226 per gram on 10 December and rose to Rs.3,279 per gram on 11 December on positive overseas trends.
  • Equity markets recovered from fears of a no-deal Brexit and the dollar strengthened, but strong local demand kept gold steady at Rs.3,279 per gram o 16 December.

December 2018 - Week 4 (24 - 31):

Parameters Gold price (per gram of 24 karat gold)
December 24 Rate Rs.3,241 per gram
December 31 Rate Rs.3,284 per gram
Overall Weekly Performance Incline
  • When trading began for the final week, gold rate in Kolkata was recorded holding at Rs.3,241 per gram on the 24th with strong domestic demand from jewellers and retailers amid the firm trends overseas.
  • Strong global cues coupled with an increased safe-haven demand for the metal led to gold trading at Rs.3,274 per gram on the 27th.
  • Trading concluded for the month with gold price in Kolkata at Rs.3,284 per gram on the 31st with strong investor demand compounded with favourable market trends overseas. Kolkata registered an increase of 3.72% in gold rates during the month.

Trend of Gold Rate in Kolkata for November 2018 (rates per gram of 24 karat gold)

November 2018 - Week 1 (1 - 4):

Parameters Gold price (per gram of 24 karat gold)
November 1 Rate Rs.3,292 per gram
November 4 Rate Rs.3,287 per gram
Overall Weekly Performance Decline
  • Trading commenced for the month with gold rate in Kolkata holding at Rs.3,292 per gram on the 1st with steady domestic demand from industries, jewellers and retailers amid firm global cues.
  • However, with the US dollar rising against other apex currencies, demand for the metal dropped and gold was priced at Rs.3,284 per gram on the 2nd
  • The week concluded with gold trading at Rs.3,287 per gram on the 4th with subdued but steady local demand amid the firm trend overseas.

November 2018 - Week 2 (5 - 11):

Parameters Gold price (per gram of 24 karat gold)
November 5 Rate Rs.3,287 per gram
November 11 Rate Rs.3,266 per gram
Overall Weekly Performance Decline
  • Gold rate in Kolkata dropped considerably with investors cautious of the US Federal Reserve’s monetary policy review meeting during the week.
  • The week began with gold trading at Rs.3,287 per gram on the 5th with strong local demand from jewellers and retailers on account of Dhanteras.
  • However, with the US greenback strengthening on the back of the US Fed policy review statement, gold prices dropped to Rs.3,266 per gram per gram on the 9th and gold continued trading at the same rate for the rest of the week.

November 2018 - Week 3 (12 - 18):

Parameters Gold price (per gram of 24 karat gold)
November 12 Rate Rs.3,266 per gram
November 18 Rate Rs.3,214 per gram
Overall Weekly Performance Decline
  • There was a sharp drop in gold price in Kolkata as retail demand plummeted due to the falling rupee making gold prohibitively expensive during the wedding and festive season.
  • Gold was priced at Rs.3,266 per gram on 12 November before plunging to Rs.3,233 per gram on 14 November on poor industrial and retail offtake.
  • Prices continued to drop as the dollar recovered from a brief setback, trading at Rs.3,214 per gram on 15 November.
  • In spite of markets falling due to the fallout from Brexit negotiations, gold failed to recover and ended the week at Rs.3,214 per gram to record a weekly drop in value of Rs.52.

November 2018 - Week 4 (19 - 25)

Parameters Gold price (per gram of 24 karat gold)
November 19 Rate Rs.3,214 per gram
November 25 Rate Rs.3,191 per gram
Overall Weekly Performance Decline
  • A drop in retail demand and poor overseas cues resulted in gold prices in Kolkata falling during the week.
  • The precious metal was priced at Rs.3,214 per gram on 19 November and briefly rose to Rs.3,215 per gram on 20 November on stable local demand.
  • As the rupee continued to fall against the dollar, jewellers and industrial units reduced demand due to rising import costs as gold rates dropped to Rs.3,197 per gram on 22 November.
  • Prices were stable for a few days before plunging to Rs.3,191 per gram on 25 November on static local and overseas demand.

Trend of Gold Rate in Kolkata for October 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
October 1 Rate Rs.3,167 per gram
October 31 Rate Rs.3,292 per gram
Highest Rate in October Rs.3,303 per gram on 25 October
Lowest Rate in October Rs.3,167 per gram on 1 October
Overall Monthly Performance Incline
Percentage Change 3.94%
Comparison for 24 K Gold Rates for Kolkata oct-1 2018
Graph for Gold Rate (24K) in Kolkata oct-1 2018

October 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
October 1 Rate Rs.3,167 per gram
October 7 Rate Rs.3,248 per gram
Overall Weekly Performance Incline
  • There was a steady rise in the price of gold as local demand skyrocketed ahead of the festive season.
  • Gold opened at Rs.3,167 per gram on 1 October on steady demand from both local and overseas buyers, though industrial demand was muted.
  • Gold prices in Kolkata jumped to Rs.3,211 per gram on 4 October as retail demand soared, with buyers taking advantage of falling import rates to increase offtake.
  • Demand from industrial units was muted as the rising dollar made it more expensive to buy, but gold bonds continued to trade briskly.
  • A further jump in price was seen as the week drew to a close, with gold priced at Rs.3,248 per gram on 7 October.

October 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
October 8 Rate Rs.3,248 per gram
October 14 Rate Rs.3,276 per gram
Overall Weekly Performance Incline
  • The gold price in Kolkata at the start of week 2 stood at Rs.3,248 per gram.
  • On 11 October the gold price in the city rose in value after the dollar declined and global stocks too dropped in value.
  • Week 2 recorded an inclining trend as the metal stood at Rs.3,276 per gram.

October 2018 - Week 3 (15 - 21):

Parameters Gold price (per gram of 24 karat gold)
October 15 Rate Rs.3,276 per gram
October 21 Rate Rs.3,285 per gram
Overall Weekly Performance Incline
  • Echoing trends seen in other cities, gold prices in Kolkata spiked before regularising towards the end of the week.
  • Gold opened the week at Rs.3,276 per gram on 15 October as retail demand rose sharply due to the festive season.
  • Fluctuations in the dollar rate impacted demand, as a falling dollar resulted in gold reaching Rs.3,300 per gram on 17 October.
  • Overseas demand was steady but declined on news of a possible interest rate hike by the Federal Reserve, as gold traded at Rs.3,271 per gram on 18 October.
  • Prices were static for a few days before rising to Rs.3,285 per gram on 21 October.

October 2018 - Week 4 (22 - 28):

Parameters Gold price (per gram of 24 karat gold)
October 22 Rate Rs.3,285 per gram
October 28 Rate Rs.3,293 per gram
Overall Weekly Performance Incline
  • Gold prices fluctuated towards the middle of the week as conflicting cues pressured the metal, though prices rose overall.
  • The precious metal was priced at Rs.3,285 per gram on 22 October as increasing demand from retail sales propped up prices in spite of the falling rupee.
  • Prices jumped to Rs.3,293 per gram on 24 October as fluctuating markets prompted investors to buy gold as a hedge against possible stock market losses.
  • Local industrial demand was flat, echoing trends seen across other Asian countries due to increasing pressure from the rising dollar.
  • Prices rose to a weekly high of Rs.3,303 per gram on 26 October before settling at Rs.3,293 per gram on 28 October.

October 2018 - Week 5 (29-31):

Parameters Gold price (per gram of 24 karat gold)
October 29 Rate Rs.3,293 per gram
October 31 Rate Rs.3,292 per gram
Overall Weekly Performance Decline
  • There was a marginal decline in the price of gold during the last week as rising import costs and a falling rupee capped gains from bullion sales.
  • The precious metal was priced at Rs.3,293 per gram on 29 October as local demand rose ahead of Diwali in spite of the surge in gold prices.
  • Overseas interest in bullion spiked ahead of the U.S. midterm elections, as equity markets were volatile and investors hedged risks through bullion investments.
  • Gold rose to Rs.3,295 per gram on 30 October on rising local demand, though industrial demand was sluggish due to a slowdown in Chinese manufacturing figures.
  • Prices dipped as the month ended as investors opted for equities and currencies, resulting gold rates in Kolkata falling to Rs.3,292 per gram on 31 October.

Trend of Gold Rate in Kolkata for September 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
September 1 Rate Rs.3,129 per gram
September 30 Rate Rs.3,167 per gram
Highest Rate in September Rs.3,187 per gram on 19 September
Lowest Rate in September Rs.2,114 per gram on 3 September
Overall Monthly Performance Incline
Percentage Change 1.21%
Comparison for 24 K Gold Rates for Kolkata August 2018
Graph for Gold Rate (24K) in Kolkata August 2018

September 2018 - Week 1 (1 - 8):

Parameters Gold price (per gram of 24 karat gold)
September 1 Rate Rs.3,129 per gram
September 8 Rate Rs.3,149 per gram
Overall Weekly Performance Incline
  • As demand for gold rose during the week, there was a steady rise in the yellow metal’s prices.
  • Gold opened the week at Rs.3,129 per gram on positive market sentiment in spite of a resurgent dollar.
  • Fluctuations in the dollar affected demand across markets, with gold also seeing a drop in price to Rs.3,114 per gram on 4 September.
  • The falling rupee led to higher gold gains, as gold prices rose to Rs.3,137 per gram on 6 September.
  • Prices continued to climb for the remainder of the week as the precious metal enjoyed popularity among retail buyers as well.
  • Minor fluctuations in demand impacted gold prices but the metal ended the week priced at Rs.3,149 per gram.

September 2018 - Week 2 (9 - 14):

Parameters Gold price (per gram of 24 karat gold)
September 9 Rate Rs.3,159 per gram
September 14 Rate Rs.3,171 per gram
Overall Weekly Performance Incline
  • There was a steady rise in the price of gold in Kolkata as strong local demand and favourable market forces kept the yellow metal’s value high.
  • Gold opened at Rs.3,159 per gram on 9 September, marking a steep rise from the previous week as retail demand was high ahead of the festive season.
  • Minor rises in price were observed towards the middle of the week before gold rose to Rs.3,178 per gram on 13 September.
  • Renewed fears of a global trade war caused markets to fall sharply, as interest in gold rose among investors.
  • There was a slight drop in price as the week ended, with gold priced at Rs.3,171 per gram on 14 September.

September 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
September 15 Rate Rs.3,164 per gram
September 22 Rate Rs.3,177 per gram
Overall Weekly Performance Incline
  • While gold prices in Kolkata rose during the week, lower than expected retail sales capped prices.
  • Gold was priced at Rs.3,164 per gram on 15 September before falling to Rs.3,147 peer gram on 16 September due to a sharp fall in retail sales.
  • Prices bounced back on 18 September, with the precious metal trading at Rs.3,173 per gram after increased interest in the metal following a sharp fall in stock prices globally.
  • The ongoing trade dispute between China and the U.S. impacted gold sales overseas, but local demand for the metal continued to be strong.
  • The precious metal traded at Rs.3,187 per gram on 20 September as markets failed to recover from fresh tariffs, prompting panic buying of bullion.
  • Prices fell marginally as the week ended, with gold trading at Rs.3,177 per gram on 22 September.

September 2018 - Week 4 (23 - 30):

Parameters Gold price (per gram of 24 karat gold)
September 23 Rate Rs.3,172 per gram
September 30 Rate Rs.3,167 per gram
Overall Weekly Performance Decline
  • Gold prices in Kolkata fell marginally over the course of the week as poor demand and unfavourable cues reduces gold rate growth.
  • The precious metal opened trading at Rs.3,172 per gram on 23 September before prices rose to Rs.3,186 per gram on 26 September on stable and growing retail demand.
  • Fears of adverse effects from the ongoing trade dispute between the U.S. and China fuelled higher demand for bullion.
  • Prices dipped to Rs.3,143 per gram on 29 September following the Federal Reserve’s interest rate hike, which fuelled demand for dollars over bullion.
  • Prices rose sharply as the month closed, but gold prices traded at Rs.3,167 per gram to record a Rs.5 drop in value.

Trend of Gold Rate in Kolkata for August 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
August 1 Rate Rs.3,079 per gram
August 31 Rate Rs.3,116 per gram
Highest Rate in August Rs.3,116 per gram on 31 August
Lowest Rate in August Rs.3,030 per gram on 17 August
Overall Monthly Performance Incline
Percentage Change 1.20%
Comparison for 24 K Gold Rates for Kolkata July 2018
Graph for Gold Rate (24K) in Kolkata July 2018

August 2018 - Week 1 (1 - 5):

Parameters Gold price (per gram of 24 karat gold)
August 1 Rate Rs.3,079 per gram
August 5 Rate Rs.3,059 per gram
Overall Weekly Performance Decline
  • The price of gold in the City of Joy reflected trends seen across a number of cities in India, with prices on the decline for most of the week due to poor demand.
  • Gold traded at Rs.3,079 per gram at the start of the week, with local demand falling due to the high import cost associated with a rising dollar rate.
  • Prices steadily fell on declining industrial demand both locally and overseas as the strengthening dollar led to reduced offtake.
  • Positive U.S. economic forecasts also dented gold’s appeal, as the precious metal fell to Rs.3,046 per gram on 4 August.
  • The end of week saw a significant rise in price, with gold trading at Rs.3,059 per gram on 5 August.

August 2018 - Week 2 (6 - 12):

Parameters Gold price (per gram of 24 karat gold)
August 6 Rate Rs.3,060 per gram
August 12 Rate Rs.3,052 per gram
Overall Weekly Performance Decline
  • Gold prices in Kolkata increased in demand during the second week of August as the dollar stabilised during this time.
  • The gold rate in Kolkata stood at Rs.3,060 per gram on 6 August, as the dollar weakened during this period.
  • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Kolkata.
  • Gold rate in Kolkata then shot up to Rs.3,052 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
  • The week ended with a decline trend in Gold rates in Kolkata. At the end of the week ending 12 August, gold rate in Kolkata stood at Rs.3,052 per gram.

August 2018 - Week 3 (13 - 19):

Parameters Gold price (per gram of 24 karat gold)
August 13 Rate Rs.3,052 per gram
August 19 Rate Rs.3,043 per gram
Overall Weekly Performance Decline
  • The gold price in the Kolkata in Week 3 of August was declining as dollar rates hit a near 13-month high.
  • On 13 August, the gold price in Kolkata stood at Rs.3,052 per gram. During the same period, the dollar value was on a rise.
  • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
  • At the end of Week 3, the gold rate in Kolkata declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,043 per gram. This was during the same period when US - China trade talks were in place.
  • Week 3 ended with the metal priced at Rs.3,014 per gram, and showed a declining trend for the week ending 19 August.

August 2018 - Week 4 (20 - 26):

Parameters Gold price (per gram of 24 karat gold)
August 20 Rate Rs.3,043 per gram
August 26 Rate Rs.3,063 per gram
Overall Weekly Performance Incline
  • Trading began for the week with gold in Kolkata priced at Rs.3,043 per gram on the 20th.
  • Gold rate in Kolkata remained unaltered at Rs.3,043 per gram the next day before a drop in the dollar value led to prices surging to Rs.3,056 per gram on the 22nd.
  • Thanks to an increased domestic demand from local industries, jewellers and retailers, gold price in Kolkata was recorded at Rs.3,062 per gram on the 23rd.
  • Strong trend overseas coupled with steady investor demand led to gold being priced at Rs.3,063 per gram on the 25th.
  • The week came to an end with the bullion priced at Rs.3,063 per gram on the 26th with strong domestic demand compounded by positive market trends overseas.

August 2018 Week 5 (27 - 31):

Parameters Gold price (per gram of 24 karat gold)
August 27 Rate Rs.3,063 per gram
August 31 Rate Rs.3,116 per gram
Overall Weekly Performance Incline
  • There was a sharp increase in the price of gold in Kolkata as the retail and industrial sectors hiked order volumes.
  • Gold was priced at Rs.3,063 per gram on 27 August as the declining dollar rate bolstered interest in the yellow metal.
  • The slowing down of interest rate hikes by the Fed Reserve led to equity markets and the dollar plunging, as investors rushed to gold as a safe-haven asset.
  • Prices rose to Rs.3,107 per gram on 28 August and stable demand maintained prices in spite of minor fluctuations.
  • The week ended with gold priced at Rs.3,116 per gram to record the month’s highest rate, with gold ending in the black on positive trends.

Trend of Gold Rate in Kolkata for July 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
July 1 Rate Rs.3,146 per gram
July 31 Rate Rs.3,082 per gram
Highest Rate in July Rs.3,165 per gram on 7 July
Lowest Rate in July Rs.3,082 per gram on 30 and 31 July
Overall Monthly Performance Decline
Percentage Change -2.03%
Comparison for 24 K Gold Rates for Kolkata June 2018
Graph for Gold Rate (24K) in Kolkata June 2018

July 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
July 1 Rate Rs.3,146 per gram
July 7 Rate Rs.3,165 per gram
Overall Weekly Performance Incline
  • In Kolkata, gold was seen trading at Rs.3,146 per gram on the 1st of July, and remained the same on the 2nd owing to a sustained demand from the local market.
  • On the 3rd, gold rate in Kolkata went down to Rs.3,144 per gram after a rising dollar pushed demand down in the local circle.
  • As the dollar continued to rise steadily, gold price in Kolkata dropped significantly down to Rs.3,130 per gram.
  • This, then surged to Rs.3,159 per gram on the 5th as a trade war between the US and China pushed safe haven demand up after the markets as well as the US dollar fell.
  • Due to a slight slowdown in demand brought about by cautious investors, gold rates went down to Rs.3,156 per gram on the 6th.
  • The final day of this week saw gold rates rise up to Rs.3,165 per gram as demand recorded a significant rise ahead of a strong demand.

July 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
July 8 Rate Rs.3,163 per gram
July 14 Rate Rs.3,120 per gram
Overall Weekly Performance Decline
  • When the week began, gold rate in Kolkata opened at Rs.3,163 per gram on the 8th with strong local as well as domestic demand amid the weakened US dollar and poorly performing equity markets.
  • Rates remained untouched at Rs.3,163 per gram on the 9th before inching higher to Rs.3,164 per gram on the 10th as the US dollar index hit new lows against other apex currencies at the global level.
  • However, with the greenback regaining lost ground over the next couple of days, demand for the metal declined and the yellow metal was priced at Rs.3,153 per gram on the 12th.
  • Prices dropped further to Rs.3,131 per gram on the 13th with domestic demand capped by the well performing dollar and equity markets.
  • Trading concluded for the week with todays gold rate in Kolkata finished at Rs.3,120 per gram amid the weak trends overseas.

July 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
July 15 Rate Rs.3,120 per gram
July 22 Rate Rs.3,103 per gram
Overall Weekly Performance Decline
  • Gold was priced at Rs.3,120 per gram when trading for the third week began in Kolkata.
  • Demand for the metal was steady for the initial few days as the US dollar still hadn’t reached its high margins.
  • The 16th and 17th saw gold continue to trade at Rs.3,120 per gram as demand was steady.
  • However, as the dollar surged ahead of the Fed meeting, gold rates plummeted to hit Rs.3,115 per gram on the 18th.
  • This then fell to Rs.3,085 per gram on the 19th as Fed rate hike was all but confirmed. Also, cues weakened around this time and gold rates hit a one-year low in the city as a result.
  • Gold price in Kolkata began to improve after the dollar fell ahead of the presser that US President Donald Trump gave, wherein he criticised the financial policy that the Federal Reserve was following.
  • This caused gold rates to rise to Rs.3,089 per gram on the 20th, before rising by Rs.1 to Rs.3,090 per gram the next day.
  • The week came to an end with gold trading at Rs.3,103 per gram, thanks to a strong rise in demand.

July 2018 Week 4 (22 - 31):

Parameters Gold price (per gram of 24 karat gold)
July 22 Rate Rs.3,103 per gram
July 31 Rate Rs.3,082 per gram
Overall Weekly Performance Decline
  • The City of Joy saw gold prices dip over the course of the week, as local demand stagnated and international cues also pointed to a drop in order volumes.
  • Gold was priced at Rs.3,103 per gram on 22 July, with gold prices rising marginally after the dollar dropped in value over the weekend.
  • The dollar rebounded in spite of pressure from conflicts with Iran and trade tensions with China, as gold prices in Kolkata fell to Rs.3,093 per gram on 25 July.
  • Poor local demand due to the high cost of import further dented the price of gold, as industrial units also reduced offtake.
  • Positive investor sentiment towards the U.S. economy resulted in gold prices falling to Rs.3,082 per gram as the month ended.

Trend of Gold Rate in Kolkata for June 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
June 1 Rate Rs.3,194 per gram
June 30 Rate Rs.3,146 per gram
Highest Rate in June Rs.3,210 per gram on 15 and 16 June
Lowest Rate in June Rs.3,146 per gram on 30 June
Overall Monthly Performance Decline
Percentage Change -1.50%
Comparison for 24 K Gold Rates for Kolkata May 2018
Graph for Gold Rate (24K) in Kolkata May 2018

June 2018 - Week 1 (1st - 10th)

  • Gold was priced at Rs.3,194 per gram on June 1st in Kolkata, which continued on till the closing hours of the next day.
  • This dropped to Rs.3,177 per gram on the 3rd as demand dropped after the US dollar surged against other currencies.
  • As domestic demand was steady, gold continued to trade at Rs.3,177 per gram on the 4th and the 5th despite a considerable fall was recorded in other cities.
  • On the 6th, a tiny fall of Re.1 was recorded and the metal was selling at Rs.3,176 per gram.
  • The 7th saw gold rate in Kolkata go up to Rs.3,183 per gram - as demand surged after other concerns came to the fore.
  • With demand remaining steady ahead of the G7 meet, gold prices remained at Rs.3,183 per gram on the 8th of June.
  • However, demand surged and gold rates went up to Rs.3,204 per gram on the 9th after US President Donald Trump lamented about the poor trade his country has to contend with.
  • The week ended with gold prices traded at Rs.3,204 per gram.

June 2018- Week 2 (11th-17th)

  • The City of Joy saw gold open the week at Rs.3,199 per gram on 11 June as demand fluctuated due to various factors.
  • Local demand for gold was sluggish as international trends pointed to a slowing down of orders due to a resurgent dollar rate.
  • Gold price in Kolkata dropped marginally to trade at Rs.3,194 per gram on 12 June as the summit between the North Korean and American leaders kicked off in Singapore.
  • Rates remained unchanged in spite of the surge in the dollar after the end of the summit, as international demand for gold fell sharply.
  • The renewal of trade tensions over possible tariffs between the U.S. and China led to markets falling once more, as investors rushed to gold as a safe-haven bet and pushed prices to Rs.3,210 per gram on 14 June.
  • Prices regularised as local demand fell due to the high import cost associated with a strong dollar, as gold traded at Rs.3,192 per gram on 16 June.
  • The week ended with gold continuing to trade at Rs.3,192 per gram on 17 June on poor local demand and prevalent market trends.

June 2018 - Week 3 (18th - 24th)

  • When the week began, gold was recorded trading at Rs.3,192 per gram on the 18th after an increase in the dollar value from the previous session led to a decline in investor demand for the metal.
  • Rates dropped to Rs.3,182 per gram on the 19th as the US dollar index gained against a basket of other major currencies at the global level.
  • Demand, however, picked up with an increase in domestic buying from local jewellers, retailers and industrial units the next day. The precious metal was recorded trading at Rs.3,193 per gram on the same day.
  • Steady demand coupled with firm market cues led to gold rates in Kolkata holding at Rs.3,193 per gram until the 22nd.
  • The 23rd saw gold prices plummeting by Rs.38 to Rs.3,155 per kg after the greenback rose to near eleven-month highs, making the bullion expensive for foreign investors.
  • The week concluded with gold rates remaining untouched at Rs.3,155 per kg on the 24th with poor domestic demand amid the weak trend overseas.

June 2018 - Week 4 (25th - 30th)

  • In West Bengal’s capital, gold prices fluctuated quite a bit over the course of June week 4.
  • When trading commenced for the week, on the 25th, the yellow metal was priced at Rs.3,161 per gram.
  • This rose slightly to Rs.3,163 per gram on the 26th before continuing at this rate on the 27th as well as demand was stable.
  • As there was a slight downturn in demand on the 28th, gold rates in Kolkata went down to 3,161 per gram.
  • This rose to Rs.3,163 per gram the next day as there was a slight rise in demand.
  • On the final day of the week, gold rates in the city dropped considerably to Rs.3,146 per gram as a rising dollar caused demand to drop.

Trend of Gold Rate in Kolkata for May 2018 (rates per gram for 24 karat gold)

Parameters Gold price (24 karat)
May 1 Rate Rs.3,231 per gram
May 31 Rate Rs.3,217 per gram
Highest Rate in May Rs.3,248 per gram on 15 and 16 May
Lowest Rate in May Rs.3,197 per gram on 18 May
Overall Monthly Performance Decline
Percentage Change -0.43%
Comparison for 24 K Gold Rates for Kolkata April 2018
Graph for Gold Rate (24K) in Kolkata April 2018

May 2018 - Week 1 (1st - 6th)

  • In Kolkata, trading began with bullion prices holding at Rs.3,231 per gram on the 1st as gold held its gains from the previous session with steady demand from local jewellers, retailers and industries.
  • The US dollar strengthened ahead of the two-day Federal Reserve monetary policy meeting due to which gold prices plunged to Rs.3,209 per gram on the 3rd.
  • The dollar, however, lost ground following dovish remarks from the central bank with interest rates gradually increased as expected. This led to bullion rates improving over the next couple of days.
  • The week concluded with gold rate in Kolkata holding at Rs.3,221 per gram on the 6th with steady domestic demand compounded by positive trends overseas.

May 2018 - Week 2 (7th - 13th)

  • The week began in Kolkata with gold being priced at Rs.3,233 per gram. Rates remained the same on the 8th as well before dropping to Rs.3,232 per gram on the 9th - the third day of this week.
  • From the 10th onwards, gold prices in Kolkata improved as a result of a poor dollar and the latest inflation data, which was released in the US.
  • Global demand went up on the 10th, which happened in all the other cities in the country as well.
  • On the 10th, the yellow metal was priced at Rs.3,238 per gram which increased to Rs.3,243 per gram on the 11th.
  • The 12th recorded the highest rise for the week - which also was the highest rate for the month up until this point - trading at Rs.3,254 per gram.
  • As demand slowed down, gold was still seen continuing at Rs.3,254 per gram valuation on the final day of this week.

May 2018 - Week 3 (14th - 20th)

  • Trading began in Kolkata with gold priced at Rs.3,254 per gram on the 14th as the bullion capitalised on the poorly performing dollar equities.
  • However, with the US dollar making a recovery as the dollar index rose against a basket of other apex currencies, demand for the metal plunged. This led to gold rates holding at Rs.3,248 per gram on the 15th and the 16th.
  • With the dollar hovering near its peak level in 2018, gold rates in Kolkata dropped to Rs.3,214 per gram on the 17th which plummeted further to Rs.3,197 per gram on the 18th amid the weak trend overseas.
  • However, an increase in global safe haven demand brought about by the ongoing political spat between the United States and Italy led to domestic gold prices rebounding to Rs.3,216 per gram on the last day of the week.

May 2018 - Week 4 (21st - 27th)

  • Gold was priced at Rs.3,216 per gram when trading commenced for the fourth week of May.
  • This dropped to Rs.3,204 per gram on the 22nd as demand for the metal took a hit while the US dollar improved.
  • Demand began to pick up from the 23rd as the minutes from the latest Fed Reserve meeting was announced and interest rates were unchanged.
  • This caused the dollar the drop and markets slowed down. All of this included pushed gold rates up to Rs.3,209 per gram on the 24th.
  • As demand continued to rise in the local market amidst positive cues, gold rates went further up to Rs.3,217 per gram on the 25th.
  • The 26th and the 27th recorded inclines too, and the precious metal traded at Rs.3,235 per gram and then at Rs.3,242 per gram respectively.
  • Rates, however, dropped on the final day of this week and gold traded at a much declined rate of Rs.3,225 per gram.

May 2018 - Week 5 (28th - 31st)

  • When trading commenced in Kolkata, the bullion prices were recorded holding at Rs.3,225 per gram on the 28th amid firm overseas market trends.
  • Steady demand from local industries, jewellers and retailers led to gold trading at Rs.3,225 per gram until the 30th.
  • Trading concluded for the month with the yellow metal closing slightly lower at Rs.3,217 per gram on the 31st after the US dollar gained against a basket of emerging currencies.
  • Gold rates in Kolkata dropped by 0.43% due to the weak global cues that affected local demand during the month.

Trend of Gold Rate in Kolkata for April 2018 (rates per gram for 24 karat gold)

Parameters Gold price (24 karat)
April 1 Rate Rs.3,159 per gram
April 30 Rate Rs.3,231 per gram
Highest Rate in April Rs.3,243 per gram from 20 to 23 April
Lowest Rate in April Rs.3,159 per gram from 1 and 2 April
Overall Monthly Performance Incline
Percentage Change 2.27%
Comparison for 24 K Gold Rates for Kolkata March 2018
Graph for Gold Rate (24K) in Kolkata March 2018

April 2018- Week 1 (1st-7th)

  • Positive market forces and a steady increase in the price of gold saw the precious metal’s value rise over the course of the first week of April in Kolkata.
  • Gold rate in Kolkata was priced at Rs.3,159 per gram on 1 April as both retail and industrial demand was stable and consistent due to a falling dollar.
  • The escalation of tensions between the United States and China resulted in market turbulence, prompting renewed investor interest in bullion.
  • Gold price in Kolkata rose to Rs.3,188 per gram on 3 April as a low U.S. Dollar made gold imports cheaper and led to increased orders from Asian industry.
  • A dip in price was seen as the week progressed as the dollar recovered some of its value after the release of positive unemployment data.
  • Prices fell to Rs.3,174 per gram on 5 April as local demand dropped due to unfavourable market trends.
  • The stabilising dollar also contributed to a drop in universal gold demand, with local prices falling further to Rs.3,162 per gram on 6 April.
  • Gold rate in Kolkata rose marginally as the week ended as gold traded at Rs.3,169 per gram on 7 April.

April 2018- Week 2 (8th -15th)

  • Gold opened on a strong note in Kolkata, trading at Rs.3,169 per gram when the week began.
  • The next day didn’t see any change in prices but rates went up by Re.1 on the 10th as demand was rather slow in the city.
  • Gold continued to trade at Rs.3,070 per gram on the 11th as well before surging to Rs.3,201 per gram as positive global cues held gold gain against the dollar.
  • Prices went up again on the 13th - this time to Rs.3,128 per gram - as markets continued to week while gold continued on its upward momentum.
  • Gold traded at Rs.3,228 per gram again on the 14th before falling to Rs.3,212 per gram on the 15th of April. This was due to demand reaching saturation levels in the city.

April 2018 - Week 3 (16th - 22nd)

  • In Kolkata, the week opened with the bullion trading at Rs.3,212 per gram on the 16th as gold held onto its gains after the US-led missile strike on Syria led to investors cashing in on the safe-haven metal.
  • Thanks to steady domestic, as well as global demand, prices rose to Rs.3,221 per gram on the 17th which surged further to Rs.3,231 per gram the next day amid strong global cues.
  • Prices remained untouched at Rs.3,231 per gram on the 19th with steady offtake for the metal by domestic industries and jewellers.
  • With the US dollar losing against a basket of other emerging currencies in the international market, gold rate in Kolkata rose to Rs.3,243 per gram on the 20th.
  • The rest of the week saw gold rates in Kolkata holding strong at Rs.3,243 per gram with steady local demand amid the ongoing wedding season coupled with firm trends overseas.

April 2018 - Week 4 (23rd - 30th):

  • Gold opened at Rs.3,243 per gram on the 23rd - the first day of this week, which as the records suggested was the highest gold rate for this month.
  • The yellow metal’s rates consolidated on the second day of this week and prices dropped to Rs.3,236 per gram.
  • On the 25th, gold rate in Kolkata went down further to Rs.3,241 per gram before rising to Rs.3,242 per gram on the 26th.
  • Over the 27th and the 28th, gold rates were holding at Rs.3,242 per gram as domestic demand, particularly from jewellers, held steady.
  • However, due to unfavourable market conditions, gold price in Kolkata dropped to Rs.3,131 per gram on the final day of this week.

Trend of Gold Rate in Kolkata for March 2018 (rates per gram for 24 karat gold)

Parameters Gold price (24 karat)
Gold Rate on 1st March 2018 Rs.3,147 per gram
Gold Rate on 31st March 2018 Rs.3,148 per gram
Highest Rate in March Rs.3,148 per gram on 8, 9 and from 24 to 31 March
Lowest Rate in March Rs.3,123 per gram from 17 to 23 March
Overall Monthly Performance Incline
Percentage Change 0.03%
Comparison for 24 K Gold Rates for Kolkata February 2018
Graph for Gold Rate (24K) in Kolkata February 2018

March 2018 - Week 1 (1 - 5):

  • The start of March saw the price of gold rise marginally in Kolkata, with gold trading at Rs.2,993 per gram.
  • The rise in price seen across other cities due to a sharp slide in markets was reflected in the price in Kolkata as well as gold traded at Rs.3,012 per gram on 3 March.
  • Static local demand led to prices remaining stable, though international demand surged on positive price cues.
  • A slight dip in the gold price in Kolkata was observed as the week drew to a close, with gold trading at Rs.3,008 per gram on 5 March due to demand vagaries.

March 2018 - Week 2 (5-11):

  • Gold rates in Kolkata opened at Rs.3,158 per gram when trading started for the second week of March.
  • The 6th saw gold rates drop to Rs.3,153 per gram as local demand in Kolkata remained consistent with that of the entire nation.
  • On the 7th, gold rates in Kolkata rose to Rs.3,170 per gram as the US dollar weakened and so did the stock market as there was an imminent trade war in the mix.
  • During the 8th, gold rates dropped to 3,156 per gram as demand dropped briefly in the global market, which slowed down local demand.
  • The 9th again saw gold rates drop - this time to Rs.3,143 - as demand continued to remain weak.
  • Over the 10th and the 11th, gold prices in Kolkata surged and the metal traded at Rs.3,149 per gram.

March 2018 - Week 3 (12 - 18):

  • When trading commenced in Kolkata, gold rates were recorded holding steady at Rs.3,149 per gram on the 12th with steady demand for the metal from the previous week.
  • Prices dropped to Rs.3,149 per gram on the 13th before plunging further to Rs.3,136 per gram the next day with the US dollar gaining against other emerging currencies after markets speculated an increase in interest rates by the Federal Reserve next week.
  • The 15th, however, saw gold prices rebounding to Rs.3,156 per gram with the US dollar losing its sheen following the dismissal of the US Secretary of State.
  • Gold rate in Kolkata dropped to Rs.3,152 per gram on the 16th before plunging further to Rs.3,130 per kg on the 17th with markets refraining from making purchases ahead of the Federal Reserve monetary policy next week.
  • The week concluded with gold price in Kolkata holding at Rs.3,132 per gram on the 18th due to an incline in domestic demand from local retailers, jewellers and industries.

March 2018 - Week 4 (19 - 25):

  • There was a significant rise in gold price in Kolkata as favourable market conditions led to a surge in demand for the metal.
  • Gold opened the week trading at Rs.3,117 per gram, with the value falling from the previous week due to fluctuations in local demand.
  • There was a quick recovery as equity markets across the world traded cautiously over fears of trade wars due to the imposition of trade tariffs by the U.S.
  • Gold price in Kolkata surged to Rs.3,140 per gram on 20 March on increased buying both locally as well as on the international market due to a low dollar rate.
  • A further rise in price was observed on 23 March, when gold prices rose to Rs.3,188 per gram after U.S. equity markets dropped ahead of the Fed’s announcement of monetary policy.
  • The expected interest rate hike and a less hawkish financial outlook by the Fed caused concern among investors, who pulled out of equities and increased orders for gold.
  • Demand for the metal continued to rise, with gold rate in Kolkata was at Rs.3,198 per gram on 25 March.

March 2018 - Week 5 (26 - 31):

  • Positive global cues coupled with strong local demand for the metal led to gold prices in Pune holding steady during the week.
  • When trading commenced for the week, the bullion was priced at Rs.3,148 per gram on the 26th with steady demand from the previous week.
  • Gold rates remained untouched at Rs.3,148 per gram until the 30th after jewellers and retailers ramped up their purchases to meet local demand for the metal.
  • When the week ended, the yellow metal prices were recorded holding steady at Rs.3,148 per gram on the 31st after positive trends overseas resulted in strong domestic demand for the metal.
  • Gold rates in Pune rose by 0.03% with steady domestic demand amid the uneven overseas trends during the course of the month.

Trend of Gold Rate in Kolkata for February 2018 (rates per gram for 24 karat gold)

Parameters Gold price (24 karat)
Gold rate on 1st February 2018 Rs.3,146 per gram
Gold rate on 28th February 2018 Rs.3,163 per gram
Highest Rate in February Rs.3,191 per gram on 18 and 19 February
Lowest Rate in February Rs.3,105 per gram from 11 to 13 February
Overall Monthly Performance Incline
Percentage Change 0.54
Comparison for 24 K Gold Rates for Kolkata January 2018
Graph for Gold Rate (24K) in Kolkata January 2018

February 2018 - Week 1 (1st - 4th)

  • When trading commenced in Kolkata, gold was priced at Rs.3,146 per gram on the 1st with an incline in domestic demand amid positive overseas trends.
  • With the US dollar gaining against other apex currencies ahead of the highly anticipated US jobs and payrolls data during the day, gold rate in Kolkata plunged to Rs.3,134 per gram on the 2nd.
  • Though the US employment data came out stronger than expected, gold price in Kolkata surged to Rs.3,166 per gram on the 3rd. The rise in prices was brought about by jewellers and retailers who ramped up purchases to meet local demand.
  • The 4th, however, saw domestic demand stabilising amid the strong US dollar index and rising equities. This led to the bullion being priced at Rs.3,140 per gram.

February 2018 - Week 2 (5th -11th)

  • Gold in Kolkata opened at Rs.3,140 per gram when the second week of February began.
  • There was a brief fall in prices and gold traded at Rs.3,126 per gram on the 6th of February as demand dropped.
  • The 7th saw gold rate in Kolkata increase as a global equity sell off affected local trading and the emtal traded at Rs.3,159 per gram.
  • As this sudden high demand subsided, gold price in Kolkata dropped back to Rs.3,126 per gram on the 8th before falling further to Rs.3,108 per gram as the US dollar strengthened.
  • A brief rise in demand from jewellers pushed gold prices up to RS.3,115 per gram on the 10th, which continued on till the closing house of the week.
  • The stable pricing of gold towards the end of the week was due to a relatively low yet steady demand.

February 2018 - Week 3 (12th - 18th)

  • When trading began in Kolkata, the yellow metal was priced at Rs.3,105 per gram on the 12th amid the firm trends overseas.
  • Steady bullion demand brought about by the losing dollar and weakening equities resulted in gold rate in Kolkata being priced at Rs.3,105 per gram on the 13th.
  • The 14th witnessed gold price in Kolkata surging to Rs.3,128 per gram with markets awaiting the US inflation data for clues on the pace of the US interest rate hikes in future.
  • Though the precious metal rates remained untouched at Rs.3,128 per gram on the 15th, prices rose further to Rs.3,173 per gram on the 16th with the highly expected price data proving to be favourable for commodity markets.
  • With the US dollar losing against a basket of other emerging currencies and investors interested in the bullion to hedge against inflation concerns, gold rates in Kolkata surged to Rs.3,191 per gram on the 18th.

February 2018 - Week 4 (19th - 25th)

  • Gold opened at a strong Rs.3,191 per gram in the 19th of February before dropping to Rs.3,187 per gram the next day as the US dollar began on its journey to recovery.
  • The yellow metal’s prices dropped again on the 21st - to Rs.3,168 per gram - as the US dollar rose further to consolidate on its losses.
  • During the 22nd, gold rate in Kolkata dropped down to Rs.3,155 per gram - a fourth consecutive day’s fall - due to investors remaining wary of more purchases.
  • However, the fall was curtailed by a slightly better local demand, and gold price in Kolkata went up to Rs.3,154 per gram on the 23rd and the 24th.
  • On the final day of this week, gold rates went up to Rs.3,158 per gram - as the dollar lost its momentum slightly while domestic demand seemed to rise.

February 2018 - Week 5 (26th - 28th)

  • Gold rate in Kolkata were greatly influenced by Federal Reserve Chairman Jerome Powell’s decision to continue with the planned interest rate increases in his congressional testimony during the week.
  • The yellow metal was recorded trading at Rs.3,158 per gram on the 26th with steady domestic demand for the metal.
  • Though prices surged to Rs.3,170 per gram on the 27th due to an increase in demand from local jewellers and retailers, the 28th witnessed gold price in Kolkata plunging to Rs.3163 per gram amid the strengthening US dollar.
  • Kolkata witnessed gold rates rising by 0.54% during the course of the month.

Trend of Gold Rate in Kolkata for January 2018 (rates per gram for 24 karat gold)

Parameters Gold price (24 karat)
Gold Rate on 1st January 2018 Rs.3,090 per gram
Gold Rate on 31st January 2018 Rs.3,127 per gram
Highest Rate in January Rs.3,168 per gram on 26 January
Lowest Rate in January Rs.3,088 per gram on 4 January
Overall Monthly Performance Incline
Percentage Change 1.19%
Comparison for 24 K Gold Rates for Kolkata December 2017
Graph for Gold Rate (24K) in Kolkata December 2017

January 2018 - Week 1 (1st - 7th)

  • Gold rate in Kolkata was affected by local as well as international demand.
  • When trading began for the new year, gold was priced at Rs.3,090 per gram. This then rose to Rs.3,099 per gram on the 2nd, owing to an increased local demand.
  • The 3rd again saw gold price in Kolkata increase, this time by Rs.4 and the metal traded at Rs.3,103 per gram.
  • However, as the US dollar bounced back, gold rates dropped down to Rs.3,088 per gram amid some poor sales globally.
  • The fall, though, was short lived and gold prices in Kolkata went back up to Rs.3,107 per gram on the 5th of the month.
  • As demand seemed to consolidate, gold rates dropped to Rs.3,102 per gram on the 6th and continued at this rate till the end of the week.

January 2018 - Week 2 (8th - 14th)

  • The second week commenced with the precious metal trading at Rs.3,101 per gram on the 8th.
  • Though gold price in Kolkata surged to Rs.3,109 per gram on the 9th, prices plunged to Rs.3,099 per gram on the 10th owing to strong dollar index coupled with firm equities.
  • However, with the US dollar losing against other apex currencies, gold rates in Kolkata rose significantly during the week.
  • The yellow metal prices were recorded at Rs.3,120 per gram on the 11th before surging further to Rs.3,131 per gram on the 12th amid the positive overseas trend.
  • The 13th saw gold rates in Kolkata surging to Rs.3,146 per gram - a seven-week high - after the strong trend overseas led to an increase in domestic demand for the metal.
  • The bullion was recorded trading at Rs.3,146 per gram on the 14th when the week concluded.

January 2018 - Week 3 (15th - 21st)

  • In Kolkata, gold priced started at Rs.3,157 per gram when the week began.
  • This rose to Rs.3,167 per gram the next day as local demand increased. Gold prices in Kolkata were still holding at Rs.3,167 per gram on the 17th but a rise in the US dollar brough rates down to Rs.3,147 per gram on the 18th.
  • From the 19th to the 21st, gold traded at Rs.3,149 per gram as local demand remained steady

January 2018 - Week 4 (22nd - 28th)

  • Gold opened at Rs.3,109 per gram when trading started for the fourth week of January.
  • Due to unchanged demand, gold continued to trade at Rs.3,109 per gram on the 23rd of the month.
  • The 24th witnessed a price surge as demand increased amid concerns over a weak US dollar. Gold traded at Rs.3,121 per gram on this day.
  • On the 25th, gold rate in Kolkata saw significant surge as the US dollar was at a new low and gold rates in the international market hit the highest figures since August 2016.
  • Gold was seen selling at Rs.3,168 per gram per gram on the 25th and was the same the next day.
  • However, as demand dropped, gold price in Kolkata went down to Rs.3,148 per gram on the 27th of the month.
  • When the week ended, the yellow metal was still seen trading at Rs.3,148 per gram.

January 2018 - Week 5 (29th - 31st)

  • Gold trade in Kolkata began with the bullion priced at Rs.3,132 per gram on the 29th amid the strengthening US dollar and higher US bond yields.
  • Steady domestic demand from industries and jewellers despite the poor trend overseas led to gold price in Kolkata remaining unaltered at Rs.3,132 per gram on the 30th.
  • The 31st, however, saw prices declining to Rs.3,127 per gram after the US dollar gained against a basket of other emerging currencies ahead of President Trump’s annual State of the Union address.
  • Strong overseas trends coupled with an increased demand for the metal led to gold rate in Kolkata rising by 1.19% during the course of the month.
Comparison for 24 K Gold Rates for Kolkata November 2017
Graph for Gold Rate (24K) in Kolkata November 2017
Parameters Gold price (24 karat)
Gold Rate on 1st December 2017 Rs.3,074 per gram
Gold Rate on 31st December 2017 Rs.3,098 per gram
Highest Rate in December Rs.3,098 per gram on 30 and 31 December
Lowest Rate in December Rs.3,001 per gram on 12 and 13 December
Overall Monthly Performance Incline
Percentage Change 0.78%

December 2017 - Week 1 (1st - 10th)

  • Trading opened in Kolkata with the yellow metal priced at Rs.3,074 per gram on the 1st of December.
  • Thanks to the positive trend overseas, rates surged to Rs.3,088 per gram on the 2nd amid a weakened dollar.
  • Strong global, as well as domestic demand over the next couple of days led to the metal being priced at Rs.3,088 on the 3rd and the 4th.
  • However, the US Senate’s decision to clear the tax reform bill proved to be unfavourable for the bullion trade and prices plunged to Rs.3,064 per gram and Rs.3,051 per gram on the 5th and the 6th respectively.
  • The 7th saw gold price in Kolkata dropping to Rs.3,042 per gram which plunged further to Rs.3,012 per gram on the 8th as the newly approved tax bill seemed to boost investor sentiments in the country.
  • Subdued domestic demand coupled with a strong dollar index amid poor global cues led to gold rates in Mumbai hitting their lowest figure of Rs.3,008 per gram on the 9th.
  • The week concluded with the precious metal trading at Rs.3,008 per gram due to a steady bit subdued demand from local jewellers, retailers and industries.

December 2017 - Week 2 (11th - 17th)

  • In Kolkata, gold trading opened at a relatively decent price of Rs.3,008 per gram.
  • But, a cautious approach taken by the investors pushed gold price in Kolkata down to Rs.3,002 per gram on the 12th.
  • As there was little change in demand ahead of the Fed Reserve rate hike meeting, gold rates remained at Rs.3,002 per gram on the 13th as well.
  • The 14th, however, saw gold rate in Kolkata improve for the metal to trade at Rs.3,017 per gram as stocks, treasury yields, and the US dollar lost some of its value.
  • On the 15th, gold rates fell to Rs.3,002 as the market was getting used to the latest interest rate set by the Fed Reserve.
  • The 16th and 17th saw gold rates remain at Rs.3,002 per gram due to steady by low demand.

December 2017 - Week 3 (18th - 24th)

  • Poor global trends coupled with firmer dollar and equities led to gold being priced at Rs.3,002 per gram when the week commenced.
  • Gold price in Kolkata was recorded trading at Rs.3,023 per gram on the 19th after commodity markets improved despite the steady dollar and firmer stocks.
  • The 20th saw gold rate in Kolkata plunging to Rs.3,016 per gram as the dollar strengthened with the US tax bill moving a step closer to being approved.
  • But with investors speculating over the negative impact of the tax overhaul on the US economy, equities market was muted during the week. This led to gold prices rebounding to Rs.3,021 per gram on the 21st and the 22nd.
  • The bullion rates surged further to Rs.3,037 per gram on the 23rd after the Asian markets declined against the new tax cuts.
  • Positive trends overseas coupled with steady domestic demand for the precious metal led to gold prices remaining untouched at Rs.3,037 per gram on the 24th.

December 2017 - Week 4 (25th - 31st)

  • Gold rates in Kolkata were one of the highest for this week.
  • When trading commenced for the week on the 25th of December, the yellow metal was priced at Rs.3,037 per gram.
  • Rates went up to Rs.3,042 per gram as a steadying rising international demand spurred local sales.
  • With the dollar continuing to weaken, gold rates jumped to Rs.3,055 per gram on the 27th of December.
  • The 28th again saw gold rates rise - this time to trade at Rs.3,079 per gram - as the global market saw gold climb the $1,300 per ounce margin.
  • The final two days of December saw gold trading at Rs.3,098 per gram, as the metal recorded one of the highest yearly gains since 2010.
Parameters Gold price (24 karat)
Gold rate on 1st November 2017 Rs.3,071 per gram
Gold rate on 30th November 2017 Rs.3,085 per gram
Highest Rate in November 2017 Rs.3,123 per gram on 20, 25th and 26th November
Lowest Rate in November 2017 Rs.3,035 per gram 18 November
Overall Monthly Performance Incline
Percentage Change 0.45%
Comparison for 24 K Gold Rates for Kolkata October 2017

November 2017 - Week 1 (1st - 5th)

  • Compared to other major cities, gold rate in Kolkata remained largely stable over the first week of November.
  • When the month started on the 1st, gold was priced at Rs.3,071 per gram.
  • A surge in local demand saw gold price in Kolkata rise to Rs.3,080 per gram on the 2nd of November.
  • From the 3rd to the 5th, gold prices in Kolkata remained at Rs.3,080 per gram as local demand stabilised to keep in tune with the poor sales record in major world markets.

November 2017 - Week 2 (6th - 12th)

  • When trading commenced for the second week, the gold price in Kolkata was relatively low at Rs.3,066 per gram on the 6th of November.
  • However, gold rates picked up the following day with the US dollar losing against a basket of major emerging currencies amid speculations on the monetary policy meeting held by the central bank. The precious metal was priced at Rs.3,088 per gram on the 7th.
  • Gold trade rallied over the next couple of days as the dollar dipped amid uncertainties of a possible delay in the US tax reform. This led to gold rate in Kolkata rising to Rs.3,094 per gram and Rs.3,101 per gram on the 8th and 9th respectively.
  • The 10th recorded the highest figure of Rs.3,106 per gram in nearly three weeks owing to strong global trends that pushed demand higher for the metal.
  • A subdued but steady demand from local jewellers, industries and retailers resulted in the precious metal trading at Rs.3,096 per gram for the remainder of the week.

November 2017 - Week 3 (13th - 19th)

  • On the 13th of November, gold was priced at Rs.3,099 per gram. This rose to Rs.3,106 per gram on the 14th as local demand improved.
  • The 15th again saw gold rates in Kolkata surge as local investors continued with their purchases.
  • However, prices fell on the 17th to Rs.3,101 per gram as demand fell amid concerns about a rising US dollar.
  • Gold price in Kolkata fell further to Rs.3,094 per gram on the 18th as demand failed to pick up.
  • The controversial nature of US President Donald Trump’s latest tax regime stirred up the market. This led to gold rates rising to Rs.3,110 per gram on the final day of the week.

November 2017 - Week 4 (20th - 26th)

  • Gold began strongly in Kolkata but dropped off mid-week before surging back towards the end.
  • On the 20th, gold was priced at Rs.3,123 per gram, but dropped to Rs.3,097 per gram on the 21st as demand fell.
  • Prices in Kolkata dropped again on the 22nd for the metal to trade at Rs.3,090 per gram.
  • Thanks to positive trading cues globally, gold rate in Kolkata surged to Rs.3,108 per gram on the 23rd and went up again on the 24th to reach Rs.3,111 per gram.
  • The 25th saw gold price n Kolkata return to parity and the metal traded at Rs.3,123 per gram and continued at the same rate till the closing hours of the week.

November 2017 - Week 5 (27th - 30th)

  • On the 27th of November, gold in Kolkata was trading at Rs.3,108 per gram.
  • A decline in domestic demand pushed gold rates down to Rs.3,101 per gram the next day. The fall could be attributed to a weak trend overseas which remained subdued after Fed chair speech.
  • Gold price in Kolkata remained at Rs.3,101 per gram on the 29th as well as domestic investors were keeping the purchases steady.
  • The final day of the month saw gold rate in Kolkata drop significantly to Rs.3,085 per gram because of a rising US dollar.

Parameters Gold price (24 karat)
Gold Rate on 1st October 2017 Rs.3,109 per gram
Gold Rate on 31st October 2017 Rs.3,091 per gram
Highest Rate in October 2017 Rs.3,138 per gram from 12 to 17 October
Lowest Rate in October 2017 Rs.3,079 per gram from 27 to 29 October
Overall Monthly Performance Decline
Percentage Change -0.57%

October 2017 - Week 1 (1st -7th)

  • Kolkata saw an increase in the price of gold over the course of the first week of October, in sharp contrast to prevalent trends.
  • Gold opened the week at Rs.3,109 per gram in the City of Joy as demand from the previous month kept prices high.
  • A gradual decline in gold price in Kolkata was observed due to the rise in the U.S. dollar rate after a sustained period of volatility.
  • Markets also saw a revival due to relative calm on the economic and political front, as gold rate in Kolkata fell to Rs.3,089 per gram on 3 October.
  • A slight recovery in the price was recorded on 4 October as gold traded at Rs.3,091 per gram but demand dropped the following day, with gold trading at Rs.3,086 per gram.
  • Demand dropped as U.S. non-farm employment data was positive, leading investors away from gold, which fell to Rs.3,084 per gram on 6 October.
  • Prices recovered as the week ended as fears of North Korea expanding its nuclear capabilities led to an increase in demand for gold which traded at Rs.3,113 per gram on 7 October.

October 2017 - Week 2 (8th -14th)

  • In Kolkata, gold prices saw a minor dip during one of the initial days of the week.
  • When the week started on the 8th, gold was priced at Rs.3,113 per gram, which then surged to Rs.3,125 per gram on the 9th as demand went up.
  • Due to a small dip in local trading, gold prices went down to Rs.3,123 per gram on the 10th of October.
  • The 11th, however, saw gold rate in Kolkata go up to Rs.3,130 per gram as demand surged, thanks to solid cues from the global bullion industry.
  • On the 12th, gold prices in Kolkata went up again to Rs.3,138 per gram as jewellers rushed to make purchases to meet the busy Diwali demand.
  • Even though the green back bounced back on the 13th, gold rates in Kolkata remained at Rs.3,138 per gram, courtesy of sustained purchases in the city.
  • When the week came to an end, gold was still seen trading at Rs.3,138 per gram.

October 2017 - Week 3 (15th - 21st)

  • Gold rate in Kolkata, started strongly at Rs.3,138 per gram.
  • As demand was consistent, gold prices remained at Rs.3,138 per gram on the 16th and 17th of the month.
  • However, gold price in Kolkata went down to Rs.3,109 per gram on the 18th as local trading was affected by a resurgent US dollar.
  • Price improved slightly as pre-Diwali trading saw gold rates increase to Rs.3,110 per gram on the 19th and then to Rs.3,118 per gram on the 20th of the month.
  • The final day of this week saw gold trade at Rs.3,112 per gram as demand subsided after Diwali festivities drew to a close.

October 2017 - Week 4 (22nd -28th)

  • When trading commenced for the third week in Kolkata, gold was trading high at Rs.3,112 per gram on the 22nd.
  • Gold trade plummeted the next day as the dollar touched a three-month high against the yen on account of Japanese Prime Minister Shinzo Abe’s victory in the elections leaving Bank of Japan’s monetary policy undisrupted. This led to prices dropping to Rs.3,101 per gram.
  • Gold price in Kolkata rose marginally to Rs.3,106 per gram as the dollar weakened against major emerging currencies on the 24th.
  • The dollar, however, strengthened with stronger equities, and news on the possibility of John Taylor being appointed the next US Federal Reserve chairman. This led to gold rates declining to Rs.3,100 per gram on the 25th.
  • Gold rate in Kolkata surged to Rs.3,098 per gram on the 26th with the dollar collapsed as global markets expected the ECB to taper its monetary policies, subsequently pushing the euro higher.
  • However, the European Central Bank’s decision to extend its bond-buying programme resulted in the dollar gaining over the euro. This led to prices dropping to Rs.3,079 per gram on the 27th.
  • Thanks to steady and sustained demand from local buyers and industries, gold rates remained unchanged at Rs.3,079 per gram on the 28th.

October 2017 - Week 5 (29th- 31st)

  • Kolkata was one of the only city to see a positive change in gold rates this week.
  • On the 29th of October, gold was priced at Rs.3,079 per gram.
  • The 30th saw gold rate in Kolkata rises to Rs.3,084 per gram - a Rs.5 increase - as demand from local circles pushed prices up.
  • When the week came to an end, gold rates had surged further to Rs.3,091 per gram.

Comparison for 24 K Gold Rates for Kolkata August'17
Parameters Gold price (24 karat)
September 1 Rate Rs.3,041 per gram
September 30 Rate Rs.3,109 per gram
Highest Rate in September Rs.3,185 per gram from 9 to 11 September
Lowest Rate in September Rs.3,041 per gram on 1 September
Overall Monthly Performance Incline
Percentage Change 2.23%

September 2017 - Week 1 (1st to 10th)

  • Gold prices in Kolkata started off on a slower note due to muted demand from investors and jewellers in the city.
  • Rates remained at Rs.3,041 per gram on the 1st and the 2nd before increasing to Rs.3,049 per gram on the 3rd.
  • As the local bullion exchange was affected by North Korea’s latest escalation with regards to its nuclear weapon testing.
  • Gold rate in Kolkata continued at Rs.3,065 per gram for the next couple days, courtesy of a sustained demand from domestic investors.
  • The North Korean hoodoo wore off, which led to prices drop to Rs.3,052 per gram on the 7th.
  • However, when the Kim Jong Un government gave official confirmation about its most powerful nuclear test to date.
  • Gold price in Kolkata jumped by Rs.133 per gram to trade at Rs.3,185 per gram on the 8th and continued at the same rate for the remaining days of the week.
  • The sudden spike in gold rates was due to an increase in safe-haven investments skyrocketing in and around the world.

September 2017 - Week 2 (11th to 17th)

  • The price of gold in Kolkata was in line with trends seen across other Indian cities as demand was muted and rates fluctuated.
  • Gold opened the week trading at Rs.3,185 per gram on 11 September, reflecting no change in price from the previous week.
  • Demand dropped to Rs.3,133 per gram on 12 September as the dollar rate rose after the tumultuous plunge in the previous week.
  • Local demand was on the decline as jewellers and retail consumers were put off by the prohibitively high rates, but prices rose to Rs.3,141 per gram on 13 September.
  • Minor fluctuations in demand were recorded over the rest of the week, with gold trading at Rs.3,142 per gram on 14 September.
  • Gold rate in Kolkata rose to Rs.3,145 per gram on 15 September and remained constant till the week ended on 17 September.

September 2017 - Week 3 (18th-24th)

  • In Kolkata, gold rates were recorded at Rs.3,133 per gram for the 18th of September.
  • Bullion demand fell on the 19th to push gold rates down to Rs.3,117 per gram before rising to Rs.3,127 per gram, thanks to increased demand due to positive global cues.
  • Gold rate in Kolkata remained at Rs.3,127 per gram till the 22nd as a result of steady demand from jewellers and investors.
  • However, gold rate in Kolkata fell to Rs.3,111 per gram on the 23rd and the metal traded at this rate for the remainder of the week as demand slumped due to lowered purchases.

September 2017 - Week 4 (25th-30th)

  • Gold rates in Kolkata remained largely positive this week, thanks to steady demand from local buyers.
  • On the 25th, gold price in Kolkata were recorded at Rs.3,101 per gram.
  • As demand increased slightly, gold price in Kolkata went up to Rs.3,105 per gram on the 26th. Demand remained steady on the 27th, which led to gold rates remaining unchanged.
  • Gold prices went up slightly to Rs.3,109 per gram as demand seemed to surge. Kolkata was one of the few cities which saw positive change in prices despite a weak global trend.
  • Over the last two days of the week, i.e., the 29th and the 30th, gold prices remained at Rs.3,109 per gram.
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Parameters Gold price (24 karat)
August 1 Rate Rs.3,005 per gram
August 31 Rate Rs.3,041 per gram
Highest Rate in August Rs.3,072 per gram on 17 August
Lowest Rate in August Rs.2,971 per gram on 7 August
Overall Monthly Performance Incline
Percentage Change 1.19%
Comparison for 24 K Gold Rates for Kolkata July'17

August ‘17 - Week 1 (1st to 6th)

  • Reflecting trends seen across major Indian cities, the price of gold in the City of Joy was also subject to fluctuations as a result of market conditions.
  • Gold was priced at Rs.3,005 per gram on 1 August but prices fell to Rs.2,997 per gram on 2 August due to declining demand.
  • Gold rate in Kolkata fell sharply as U.S. markets were buoyed by the possibility of an interest rate hike, resulting in demand for gold falling to Rs.2,977 per gram on 3 August.
  • Gold made a comeback as local demand increased on account of Varmahalakshmi, with the yellow metal trading at Rs.2,991 per gram on 4 August.
  • Gold price in Kolkata rise was short-lived, as gold prices dropped to Rs.2,975 per gram on 5 & 6 August due to weak overseas demand.

August ‘17 – Week 2 (7th to 13th)

  • In West Bengal’s capital Kolkata, gold prices were recorded at Rs.2,971 per gram when the week began on the 7th.
  • Prices went up marginally on the 8th to Rs.2,975 per gram and continued at the same rate till the 10th as demand in local circles was minimal.
  • However, positive cues internationally and in the the rest of the country led to gold prices increasing significantly by Rs.59 to trade at Rs.3,034 per gram on the 11th.
  • The increase seen on the 11th also happened to be one of the highest single-day rise in the country.
  • Due to marginal demand, gold price in Kolkata only went up to Rs.3,037 per gram on the 12th and continued at the same rate till the end of the week on the 13th of August.

August ‘17 - Week 3 (14th to 20th)

  • Contrary to prevalent trends, the price of gold in Kolkata rose in the third week of August as local demand boosted prices in spite of conflicting global cues.
  • Gold was priced at Rs.3,030 per gram on 14 August, with the price remaining unchanged on 15 August.
  • Gold rate in Kolkata rose to Rs.3,049 per gram on 16 August as local demand rose in spite of the dollar rate stabilising.
  • Tensions with North Korea led to U.S. markets faltering, which led to greater demand for safe-haven assets like gold.
  • Gold traded at Rs.3,072 per gram on 17 August before falling to Rs.3,070 per gram on 18 August.
  • Gold price in Kolkata fell steeply as the week drew to a close as the upcoming central banker’s meet led to a resurgence in the dollar rate, trading at Rs.3,040 per gram on 19 & 20 August.

August 2017 – Week 4 (21st - 27th)

  • Gold rate in Kolkata fluctuated slightly this week due to uneven demand.
  • On the 21st of the month, gold price in Kolkata were holding at Rs.3,030 per gram, which jumped up to Rs.3,034 per gram on the 22nd.
  • However, a drop in demand due to cautious investors, gold prices dropped to Rs.3,026 per gram on the 23rd of August.
  • Conflicts between the US and North Korea led to gold prices spike to Rs.3,035 per gram on the 24th.
  • Over the final two days of August week 4, gold was selling at Rs.3,035 per gram.

August 2017 – Week 5 (28th - 31st)

  • Gold prices fluctuated and dropped marginally in Kolkata over the course of the last week, trading at Rs.3,058 per gram on 28 August as demand was stable in spite of changes in the dollar rate.
  • Demand dropped sharply, trading at Rs.3,015 per gram on 29 August as local demand plunged in spite of high demand internationally.
  • The ongoing threat from North Korea as well as a plunging rupee led to higher demand for gold from local consumers which helped boost prices to Rs.3,041 per gram on 30 August.
  • There was no change in the price of gold in Kolkata as the month ended, with the metal trading at Rs.3,041 per gram on 31 August as the dollar rate and U.S. markets continued to fall due to factors such as Hurricane Harvey and North Korea.
Parameters Gold price (24 karat)
July 1 Rate Rs.3,011 per gram
July 31 Rate Rs.3,001 per gram
Highest Rate in June Rs.3,044 per gram on 3 July
Lowest Rate in June Rs.2,903 per gram on 14 July
Overall Monthly Performance Decline
Percentage Change -0.33%
Comparison for 24 K Gold Rates for Kolkata June'17

July 2017 - Week 1 (1st to 9th)

  • A number of variations were noted in the price of gold in Kolkata during the first week of July. Gold traded at Rs.3,011 per gram on 1 July and continued to trade at this rate on 2 July as well.
  • Post GST implementation, a few variations were seen in the price of this metal.
  • There was a marginal increase noted in the price of gold on the 3 of July with gold being priced at Rs.3,044 per gram but fell the next day to trade at Rs.3,022 per gram.
  • Gold continued to trade at Rs.3,022 per gram on 4 July but reduced the next day to trade at Rs.3,021 per gram. This price of gold was noted on 7 July as well.
  • On the last two days of the week, gold was priced at Rs.2,992 per gram in Kolkata.

July 2017 - Week 2 (10th to 16th)

  • Gold trading in Kolkata wasn’t as hit and miss as it was in other cities in the country.
  • On the 10th of July, gold prices were recorded at Rs.2,909 per gram - a rate which went up marginally to Rs.2,911 per gram on the 11th.
  • The 12th saw prices go up very slightly by Rs.1 for the metal to trade at Rs.2,912 per gram.
  • During the 13th, the Donald Trump scandal gripped the US leading to a crash in dollar rate and the subsequent increase in gold demand.
  • Gold prices were holding at Rs.,2915 per gram on the 13th.
  • However, all the change in international market didn’t translate itself when trading began for 13th in Kolkata.
  • Contrary to global demand, gold prices fell by Rs.12 to Rs.2,903 per gram on the 14th.
  • Over the last two days of the week, however, gold prices remained stable at Rs.2,920 per gram, thanks to a steep incline in demand brought about by local buyers.

July 2017 - Week 3 (17th to 23rd)

  • The price of gold in Kolkata rose over the course of the week due to an increase in local demand as well as favourable market forces.
  • Gold was priced at Rs.2,920 per gram on 17 July, reflecting no change from the previous week.
  • Gold price in Kolkata rose to Rs.2,939 per gram on 19 July as the U.S. dollar suffered losses due to various geopolitical crises affecting the United States.
  • While local demand was not as expected, overseas demand made up for the domestic shortfall and kept price stable.
  • Gold rose to trade at Rs.2,955 per gram on 21 July as Asian markets sought to capitalise on the poor U.S. dollar rate and increased demand for the yellow metal.
  • Prices soared to trade at Rs.3,002 per gram on 22 July as industrial demand rose due to the continued poor performance of the U.S. dollar as well as global markets.
  • The week drew to a close with gold prices remaining constant at Rs.3,002 per gram on 23 July, registering a Rs.82 increase over the course of the week.

July 2017 - Week 4 (24th to 31st):

  • Kolkata recorded one of the highest rates for gold this week.
  • On the 24th, the metal was trading at Rs.2,993 per gram, which continued on the 25th as well due to sustained demand.
  • Prices went down to Rs.2,972 per gram on the 26th- a Rs.21 decrease - as demand from local investors fell.
  • On the 27th, prices, however, increased thanks to a fall in US dollar value and the subsequent increase from jewellers in Kolkata.
  • The 28th saw gold rates decline to Rs.2,982 per gram as investors were cautious and were hoping for prices to fall further.
  • As prices didn’t seem to go down - and as demand went up instead - gold rates went up to Rs.3,001 per gram on the 29th.
  • The next two days didn’t see any change in gold prices as there was sustained demand for the metal from investors.
Parameters Gold price (24karat)
June 1 Rate Rs.3,030 per gram
June 30 Rate Rs.3,011 per gram
Highest Rate in June Rs.3,080 per gram on 7 June
Lowest Rate in June Rs.2,994 per gram on 19 & 20 June
Overall Performance Decline
Percentage Change -0.62%
Comparison for 24 K Gold Rates for Kolkata May'17

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

  • In Kolkata, there was much the same pricing pattern as the rest of the cities, wherein the rates fell on the 2nd only to bounce back strongly on the 3rd.
  • On June 1st, gold was priced at Rs.3,030 per gram.
  • Due to there being low demand on the 2nd, gold prices fell to Rs.3,011 per gram - a sharp Rs.19 decrease from the previous day’s prices.
  • The 3rd began strongly with gold opening at Rs.3,048 - a significant rally of Rs.37 per gram from the preceding day’s closing rate.
  • As there was no change in demand after that massive charge, gold prices ended June week 1 at Rs.3,048 per gram.

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

  • Kolkata recorded one of the highest gold prices for this week.
  • On the 5th, gold was priced at Rs.3,048 per gram and then increased to Rs.3,063 per gram as US market wobbled after Labour Department’s Employment Report.
  • Prices went up again on the 7th to Rs.3,080 per gram as investors began to bank on a low-performing market.
  • However, as the US dollar bounced back, gold prices went down on the 8th to hit Rs.3,066 per gram.
  • The 9th saw saw prices dip significantly from Rs.3,066 per gram to Rs.3,032 per gram as demand took a massive hit.
  • On the 10th and the 11th, gold prices remained at Rs.3,028 per grams as demand didn’t increase after the fall from two days prior.

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

  • Gold opened at Rs.3,024 per gram on the 12th of June and continued to trade at this rate on the 13th as well.
  • There was a slight increase noted in the gold rate in Kolkata on the 14th with this metal trading at Rs.3,026 per gram but fell the next day due to a fall in the demand for this metal.
  • Due to low but sustained demand for this metal gold traded at Rs.3,012 per gram on the 15th of the month.
  • This rate was noted until the end of the week due to sustained demand.

June 2017 - Week 4 (19 to 25)

  • Gold prices in Kolkata increased over the course of the week due to increased demand and favourable market conditions.
  • Gold opened the week trading at Rs.2,994 per gram on 19 June and rose to Rs.2,999 per gram on 21 June due to an increase in domestic demand.
  • The fluctuating U.S. Dollar as well as vacillating stock markets led to higher demand for the safe-haven asset.
  • Speculation over the fiscal policy of the U.S. Federal Reserve led to precarious markets in the U.S., which boosted demand for the yellow metal.
  • Prices remained constant for the rest of the week, trading at Rs.2,999 per gram on 25 June.

June ’17 – Week 5 (26 to 30)

  • The price of gold in Kolkata was more or less stable in spite of the fluctuations brought about by changes in the U.S. Dollar rate as well as stock markets.
  • Gold was priced at Rs.2,999 per gram on 26 June, the price remaining constant from the previous week.
  • In contrast to trends observed across other cities, the price increased to Rs.3,011 per gram on 27 June in spite of the rise in the U.S. Dollar.
  • Prices remained constant for the remainder of the week as higher demand from the retail sector boosted prices and kept demand stable.
  • Gold ended the week trading at Rs.3,011 per gram on 30 June, though the overall price fell by 0.62% over the course of the month.
May 1st Rate Rs.3,021 per gram
May 31st Rate Rs.3,015 per gram
Highest Rate in May Rs.3,021 per gram on 1st May
Lowest Rate in May Rs.2,937 per gram on 11th May
Overall Performance Decline
Percentage Change -0.19%
Comparison for 24 K Gold Rates for Kolkata April'17

May 2017 - Week 1 (1st-7th)

  • There were a few marginal fluctuations noted in the price of gold during the first week of May in the City of Joy, Kolkata.
  • Gold opened at Rs.3,021 per gram on the 1st of May before reducing to trade at Rs.3,002 per gram on the 2nd and 3rd of May.
  • Due a fall in the demand as well as an increase in the value of the U.S.Dollar, the price of gold reduced.
  • Gold was priced at Rs.2,994 per gram on the 4th before falling to Rs.2,947 per gram on the last two days of the week.

May 2017 – Week 2 (8th -14th)

  • Barring a slight increase in price at the start of the week, the price of gold in Kolkata declined steadily due to poor demand.
  • Gold was priced at Rs.2,943 per gram on 8th May, with the price rising to Rs.2,948 per gram on 9th May due to a marginal dip in markets locally.
  • Prices soon reflected the prevalent trends, with the gold price falling as investors moved away from the safe haven asset as markets reacted positively to the news of the victory of Emmanuel Macron in the French presidential elections.
  • The price fell to Rs.2,937 per gram on 11th May as demand continued to drop on lower industrial demand from Asian countries.
  • Gold rate in Kolkata rose marginally to end the week trading at Rs.2,939 per gram on 14th May, registering a decline in price of Rs.4 per gram during the week.

May 2017 - Week 3 (15th - 21st)

  • Gold trade in Kolkata was comparatively different compared to other states and cities in the country.
  • The third week of May began on a high in Kolkata as bullion was trading at Rs.2,941 per gram.
  • But, due to demand going down marginally, gold prices went down to Rs.2,939 per gram on the 16th.
  • The 17th, however, saw prices increase to Rs.2,957 per gram as there was a possible showdown between the US President Donald Trump and the FBI.
  • On 18th, gold rates hit one of the highest single-day raise of Rs.46 per gram to reach Rs.3,003 per gram.
  • This increase was the first of its kind since the June of 2016, when Britain decided to break away from the European Union.
  • Due to there being a slight demand for gold in the city, gold was trading at Rs.3,006 per gram on the 20th and the 21st of the month.

May 2017 – Week 4 (22nd - 28th)

  • The rate of gold was relatively high during the fourth week of May in the city of Kolkata. Gold opened the week by trading at Rs.2,999 per gram but rose steadily as the week progressed.
  • The rate of gold increased to trade at Rs.3,029 per gram on the 23rd of May but reduced the next day to be priced at Rs.3,009 per gram.
  • Despite blasts in the city of Manchester, the rate of gold was not significantly impacted as the investors remained in the sidelines.
  • Gold was priced at Rs.3,012 per gram and held steady at this rate until the end of the week. The value of the dollar fell after the last meeting of the U.S. Fed Reserve implied a relaxed stance on their increasing interest rates.

May ’17 – Week 5 (29th to 31st)

  • Gold prices were relatively stable in the last week in Kolkata, though demand was stagnant due to a decline in demand.
  • Gold was priced at Rs.3,026 per gram on 29th May, with the price rising marginally from the previous week due to a slight rise in overseas demand.
  • Prices rose to Rs.3,034 per gram on 30th May but fell as the month ended, with gold priced at Rs.3,015 per gram on 31st May, registering a minimal drop in price over the course of the month.
April 1st Rate Rs.3,011 per gram
April 30th Rate Rs.3,021 per gram
Highest Rate in April Rs.3,096 per gram on the 22nd and 23rd of April and on the 17th of April
Lowest Rate in April Rs.3,005 per gram on the 10th of April
Overall Performance Incline
Percentage Change 0.33%
Comparison for 24 K Gold Rates for Kolkata March'17

April 2017 - Week 1 (1st-9th)

  • Gold rate in Kolkata saw a marginal increase in price as compared to the previous month, with gold beginning the week at Rs.3,011 per gram on 1st of April.
  • Gold rate was steady at the above rate until the 3rd of April in Kolkata due to sustained demand for this precious metal.
  • On the 4th of April, gold traded at Rs.3,034 per gram before falling to Rs.3,033 per gram on the 5th.
  • As demand for gold fluctuated, the rate of gold marginally decreased to trade at Rs.3,029 per gram on the 6th and continued to decline thereafter.
  • On the last three days of the first week of April, gold price in Kolkata was steady at Rs.3,024 per gram.

April 2017 - Week 2 (10th-16th)

  • After an increase in the first three days, gold price in Kolkata remained the same over the next few.
  • On 10th, gold was priced at Rs.3,005 per gram and went up to Rs.3,016 per gram as domestic demand went up.
  • The 11th witnessed prices go up by Rs.42 to Rs.3,058 per gram as the US dollar was at its volatile best.
  • Gold rate in Kolkata went up to Rs.3,065 per gram on 12th - an increase of Rs.7 per gram from the previous day.
  • As bullion rates consolidated, there were no changes to report for the remaining days of the week.

April 2017 - Week 3 (17th-23rd)

  • There were a few marginal fluctuations noted in the price of gold during the third week of April in the City of Joy, Kolkata.
  • Gold opened at Rs.3,096 per gram on the 17th of April and reduced by Rs.5 the next day to trade at Rs.3,091 per gram.
  • The demand for this metal varied quite a bit due to fluctuations in the global demand for this metal from jewellers and investors.
  • However, once the demand steadied, gold traded at Rs.3,095 per gram from the 19th of April until the 21st of April.
  • A marginal increase in demand led to this metal trading at Rs.3,096 per gram on the last two days of the week in Kolkata.

April 2017 - Week 4 (24th-30th)

  • There were a few marginal fluctuations noted in the price of gold during the fourth week of April in the City of Joy, Kolkata.
  • Gold opened at Rs.3,060 per gram on the first day of the fourth week of April was relatively high as compared to the rates noted in certain other cities. However, this price was not sustained and gold rate fell the next day.
  • On the 26th and 27th of April, due to low demand the rate of gold reduced to Rs.3,010 per gram before marginally recovering the next day to trade at Rs.3,021 per gram.
  • Due to sustained demand, gold traded steadily at Rs.3,021 per gram on the last three days of the week.
March 1st Rate Rs.3,030 per gram
March 31st Rate Rs.2,987 per gram
Highest Rate in March Rs.3,030 per gram on 1st and 27th March
Lowest Rate in March Rs.2,945 per gram on 15th March
Overall Performance Decline
Percentage Change -1.41%
Comparison for 24 K Gold Rates for Kolkata February '17

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.

March 2017 - Week 4 (19th-25th):

  • Kolkata saw some gold price fluctuations over the fourth week of March due to local demand and some international factors.
  • On 20th, gold was trading at Rs.2,978 per gram which then increased to Rs.2,980 per gram on 21st as demand went up slightly.
  • Rates remained unchanged on 22nd as the metal was still trading at Rs.2,980 per gram.
  • Prices rallied after the brief slowdown to bring gold rates up to Rs.3,019 per gram on 23rd - an increase of Rs.39 per gram from the previous day.
  • As US dollar seemed to strengthen on 24th, gold prices went down marginally to trade at Rs.3,012 per gram.
  • The week ended with gold still trading at Rs.3,012 as rates remained the same over the last three days.

March 2017- Week 5 (26th-31st):

  • The last week of March saw gold rate in Kolkata go up and down, owing to a surge and fall of demand.
  • On 27th, gold was selling at Rs.3,030 per gram and went down by Rs.6 to hit Rs.3,024 per gram on 28th.
  • The 29th saw gold price in Kolkata drop significantly to go down to Rs.3,006 per gram, marking a decrease of Rs.18 from the previous day’s rates.
  • On 30th, rates went up marginally for bullion to trade at Rs.3,008 per gram.
  • However, the small incline felt like a false dawn as prices went down by Rs.21 per gram at the end of the week on 31st.
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.
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.

Also check Today's Gold Rate in the most popular Indian cities

Today's Gold Rate in Delhi Today's Gold Rate in Mumbai Today's Gold Rate in Chennai
Today's Gold Rate in Kolkata Today's Gold Rate in Bangalore Today's Gold Rate in Hyderabad
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