Today Gold Price in Kolkata

Gold prices in Kolkata fluctuate daily based on global spot rates, currency movement, and local demand. Staying updated with today's gold price in Kolkata helps buyers plan jewellery purchases and investments more efficiently.

Today's Gold Price in Kolkata

Gold Rate in Kolkata Today (22K and 24K)

22 Carat Gold Price in Kolkata Today

22K gold, or 916 purity, contains 91.6 percent pure gold mixed with stronger metals. It is the preferred option for jewellery due to its durability and ability to support intricate designs.

22K rate today: Rs. 11,716 per gram.

24 Carat Gold Price in Kolkata Today

24K gold contains 99.9 percent pure gold and is mainly used for coins, bars, and long-term investment. It is softer than 22K and is not usually used for daily wear jewellery.

24K rate today: Rs. 12,781 per gram.

Gold Price Trend in Kolkata

Gold prices have shown steady upward movement recently due to strong global prices and seasonal buying. Both 22K and 24K rates have increased over the past few days as festive and wedding demand picks up in the city.

How Gold Prices Are Determined

Gold prices move daily due to several factors, including global market rates, rupee exchange value, import duty, supply availability, and consumer demand. International spot prices have the strongest influence on daily changes.

How to Calculate the Final Gold Price

Understanding how jewellers calculate your final bill helps you avoid overpaying.

Formula:

Final Price = Gold Rate × Weight + Making Charges + GST

Example:

• For 10 grams of 22K gold at Rs. 11,716 per gram:

• Gold Value = Rs.1,17,160

• Making Charges (12 percent) = Rs. 14,059

• Subtotal = Rs. 1,31,219

• GST (3 percent) = Rs. 3,936

• Final Jewellery Price Rs. 1,35,153

Making charges vary widely by jeweller and design, so comparing them can save you money.

Best Time to Buy Gold

• There is no fixed best time to buy gold, but these trends help buyers save money.

• Prices are usually most stable between March and August, the off-wedding season.

• Buying before major festivals can help avoid festive season premiums.

• Check global gold price dips as they often bring temporary local price drops.

• Always monitor daily rates for at least a few days before making a large purchase.

Gold Buying Options

Gold can be purchased in several forms depending on budget, purpose, and convenience

- Physical Gold Jewellery: Traditional option used for weddings, gifting, and personal use.

- Gold Coins and Bars: Available in 24K purity with higher resale value and lower making charges.

- Digital Gold: Can be bought online in small quantities with no storage issues.

- Sovereign Gold Bonds: Government-backed, offer 2.5 percent annual interest and tax benefits.

- Gold ETFs: Traded on exchanges and backed by physical gold.

- Gold Mutual Funds: Funds that invest in gold ETFs and offer diversification.

Also Read: Best Gold Saving Scheme by Jewellers in India

Tips for Smart Gold Buying

• Compare making charges across multiple jewellers before purchasing.

• Always buy BIS hallmarked jewellery with a verified HUID.

• Avoid impulse buying and wait for favourable market dips.

• Choose simple designs if your goal is investment, as they carry lower making charges.

• Keep invoices safe for resale, exchange, or gold loan purposes.

Selling or Exchanging Gold

• Selling or exchanging gold requires careful evaluation.

• Most jewellers buy back gold based on the current day’s price.

• Making charges and wastage from the original purchase are usually not refunded.

• Purity verification may involve melting or electronic testing.

• Compare offers from multiple jewellers to get the best buyback value.

Tax Rules on Gold Purchases

• GST of 3 percent is applied on the value of gold.

• Making charges may attract additional GST depending on the billing structure.

•  Purchases above Rs.2 lakh require PAN card details.

• Selling gold may attract capital gains tax depending on how long the gold was held.

• Digital gold, ETFs, and SGBs follow their own taxation rules, which differ from physical gold.

FAQs:

Why is gold price different in Kolkata compared to other cities?

Gold prices vary due to local taxes, transportation costs, dealer margins, and regional demand-supply dynamics. Kolkata's high consumption during festivals also influences pricing.

Q: Why does gold price change daily in Kolkata?
A: Gold rates in Kolkata change daily due to global market prices, currency exchange rates, import duty, and local demand.

Q: Which gold is better to buy in Kolkata - 22K or 24K?
A: Buy 22K gold for jewellery and 24K gold for investment options like coins, bars, and digital gold.

Q: Is gold cheaper in Kolkata compared to other cities?
A: Gold prices in Kolkata may differ slightly due to local taxes, making charges, and regional demand.

Q: At what time is Kolkata’s gold price updated?
A: Gold rates in Kolkata are usually updated between 9 AM and 10 AM daily by major jewellers.

Q: Does Kolkata charge high making charges on gold jewellery?
A: Making charges vary by jeweller and design; intricate patterns usually have higher charges.

Q: Do I need a PAN card to buy gold in Kolkata?
A: Yes, a PAN is required for gold purchases above Rs. 2 lakh in Kolkata.

Q: Is it a good time to buy gold in Kolkata now?
A: It’s best to monitor price trends and avoid festive spikes to get better rates.