Gold Price Today in Kolkata

Gold rates in Kolkata depend on global prices, currency exchange rates, import duties, and local demand. During festivals or wedding seasons, prices often rise due to increased buying. GST (3% on gold) and making charges also impact final costs. For instance, Kolkata’s Bowbazar traders adjust prices daily based on international trends, similar to markets in Mumbai or Delhi. Global events like inflation or geopolitical tensions further affect rates. To compare, explore how gold rates in the UAE differ due to tax-free policies. For trusted data, refer to the World Gold Council.

Local taxes, transportation costs, and dealer margins create regional price gaps. Kolkata’s rates may be lower than Chennai due to proximity to manufacturing hubs but higher than Jaipur during tourist seasons. For real-time comparisons, check live gold rates in Mumbai or Hyderabad.

24K gold (99.9% pure) is costlier but softer, while 22K (91.6% gold) is durable for jewelry. Kolkata’s jewelers often recommend 22K for daily wear. Purity impacts price per gram, similar to trends in Singapore.

Digital gold offers convenience and lower making charges, but lacks sentimental value. Platforms like MMTC-PAMP are popular, though Kolkata’s traditional buyers still prefer physical gold for rituals.

A 3% GST on gold and 5% on making charges increases retail prices. For example, a ₹50,000 gold chain incurs ₹1,500 GST + ₹2,500 making charges.

Prices dip post-monsoon (October–March) due to reduced demand. Avoid festivals like Akshaya Tritiya when premiums spike.

Yes! Dealers in Bowbazar or New Market often offer discounts on making charges, especially for bulk purchases.

Banks like Muthoot Finance offer similar rates nationwide, but Kolkata’s regional cooperatives may provide lower rates for residents.

Yes, most local rates follow MCX benchmarks but include additional costs like VAT or handling fees.

Use BIS-certified jewelers or visit the Kolkata Assay Centre for hallmarking. Avoid uncertified sellers in small markets.