Today's Gold Rate/Price in Kolkata

Historical Gold Price in Kolkata

August 2025 Gold Rate in Kolkata

July 2025 Gold Rate in Kolkata

June 2025 Gold Rate in Kolkata

May 2025 Gold Rate in Kolkata

April 2025 Gold Rate in Kolkata

March 2025 Gold Rate in Kolkata

February 2025 Gold Rate in Kolkata

January 2025 Gold Rate in Kolkata

How to Purchase Gold Coins in Kolkata

If you don't want to invest in gold bars, you can buy gold coins in India, which come in a range of sizes and shapes. It is advised to buy smaller gold coin sizes in Kolkata since they offer greater liquidity. To avoid buying fake gold coins, you must exercise caution and verify the purity before buying any. Banks are another place to buy gold coins since they guarantee real gold.

Demand for Gold During Wedding Season in Kolkata

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

Gold as an Investment in Kolkata

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

1. Jewellery - Jewelry has been the preferred choice of Indians when it comes to buying gold. Traditionally jewellery was not seen as an investment but people are warming up to it now. Gold jewels can be exchanged or sold, making it a decent investment option in case of emergencies.
2. Gold Accumulation Plans - These plans give an investor the opportunity to deposit a specific amount monthly. After completion of an agreed upon time period the investor can choose to cash in the deposits in exchange for gold coins or jewellery.
3. Gold Bullion Bars - Gold bars are seen as a safe investment and every country invests in keeping certain gold bars as reserves. Kolkata has many high-net-worth individuals, and gold bars can be a sound investment opportunity for them. These bars are 99.5% pure and can weigh up to 1 kg each, making them excellent high value investments.
4. Gold Bullion Coins - These coins are an ideal investment option for those with low reserves. Coins can be purchased according to weight, weighing anywhere between 1g to 10 g. With no wastage and making charges, coins offer better value for money than jewellery and can also be converted into liquid assets if need be.
5. Allocated Gold Accounts - This strategy is ideal for those who want to possess gold but do not want to carry it around with them because many people are concerned about the security of their gold investments. Gold accounts guarantee that the metal will be safe and secure in banks with unlimited access for the owner.

How are Gold Rate fixed in Kolkata?

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

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

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

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

  All the aforementioned variables are considered when setting gold prices. Although the import duty is the same for all goods, the GST is also the same.   The local association then decides on a price that best reflects the nature of the market (demand, inflow, outflow, etc.). After all of this is taken care of, prices are influenced by how the US dollar and the Indian rupee are performing.

Selling Gold in Kolkata

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

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

What impact has GST had on gold rate in Kolkata?

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

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

Things to know before investing in gold in kolkata

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

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

What factors influence the gold rate in Kolkata? 

There are many reasons why gold is priced differently in almost every other city in the country.

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

1. Import cost: One of the things that play a role is logistics. You see, India has very few gold mining companies and in order to make up for the shortage, we import gold from other countries like Switzerland, Saudi Arabia, the USA, Ghana, Peru, Bolivia among others. 
2. Demand and supply: The second factor is the Central Bank, which sometimes imports gold when there's an especially high demand for the metal. As a result, gold prices also rise.  
3. Strength of Indian currency against US dollar: The third factor is the Indian Rupee. Depending on how good or bad the rupee is performing, gold rates differ. For instance, if the rupee gains up to 100 points against on the dollar i.e., if the value falls from say Rs. 64 for 1 USD to Rs.62 per 1 USD, gold rates drop. This is because the importing import cost decline declined due to a stronger rupee. The opposite is also true, if rupee falls and dollar gains, gold rates increase. 
4. Seasonal demand: Gold prices in the Kolkata region tend to go up and down depending on festivals, weddings, and other special occasions.