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Gold prices are different from city to city, the price in Kolkata is different from Mumbai.Indeed, there are few reasons with respect to why there is a value change. In a perfect world, the rate of gold is dictated by the global gold rates on that day.
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Gold buyers can opt for either 22 karat or 24 karat gold, depending on their needs. 22 karat gold is about 92% pure and commands a lower rate than 24 karat gold, which is 99.99% pure. Investing in gold is considered a profitable option for a large number of middle class families in Kolkata and hence it is no wonder that the city ranks very high in the list of consumers in the country.
Kolkata Even a decade ago, such a gold rush in a single day was unthinkable in Kolkata. Very few Bengalis were even aware of Dhanteras as a pre Diwali festivity. The non Bengali population
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Highest gold price in Kolkata for 24 karat gold in the month of December 2018 was 32,867 rupees per 10 grams while the lowest gold price was 31,650 rupees. Gold
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The daily gold rate in Kolkata is primarily decided by Jewellers Associations. They arrive at the daily gold price based on international trends and by including gold import duty.
Highest gold price in Kolkata for 24 karat gold in the month of October 2018 was 33,106 rupees per 10 grams while the lowest gold price was 31,680 rupees. Gold price on 01 Oct 2018 was 31,680 rupees per 10 grams. Gold price at the end of month was 32,991 rupees.
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