Gold rate in Kolkata Today (as on 25-11, 2024)

In Kolkata, there are various shops and outlets available where you can purchase gold, such as J K Chandra, D K Basak and many more. However, while buying gold, it's extremely important to be cautious and check the purity of gold, as there are many low-quality items available in the market. It is advisable to compare the gold rates among multiple jewelers to ensure that you're getting the best deal possible.

Additionally, when buying gold jewelry, make sure to only purchase hallmarked jewelry, which is certified by the Bureau of Indian Standards (BIS) for authenticity and quality. This will give you the added assurance that you are investing in a genuine product. Other than the physical shops, you can also consider online options, but make sure to purchase from reputable sources.

Today, the price 24 karat gold in Kolkata is ₹ , registering a change from yesterday.

24 karat gold is a type of gold that is made up of 99.9% pure gold. It is the most pure form of gold that is commonly used for jewelry making. It is soft and malleable, making it easy to work with and shape into intricate designs. Because of its purity, 24 karat gold is also the most expensive form of gold. It is also important to note that 24 karat gold is not as durable as other types of gold, such as 18 karat gold, and can be easily scratched or dented.

Today, the price 22 karat gold in Kolkata is ₹ , registering a change from yesterday.

22 karat gold is a type of gold that is made up of 91.67% pure gold. It is a more durable and harder than 24 karat gold because it is alloyed with other metals such as copper, zinc, nickel, or silver. 22 karat gold is commonly used for jewelry making, particularly in the Indian subcontinent, due to its durability and resistance to wear and tear. It is also less expensive than 24 karat gold because it contains less pure gold. 22 karat gold is also considered as traditional gold and considered auspicious in many cultures and customs.

There are several factors that can affect the price of gold in Kolkata or anywhere else in the world. Some of the main factors include:

International gold prices: The price of gold on the international market has a direct impact on the price of gold in Kolkata. If the international price of gold increases, the price of gold in Kolkata will also increase, and vice versa.

Economic conditions: The economic conditions in India and the world can also affect the price of gold. For example, if there is a recession or economic uncertainty, people tend to invest more in gold as a safe haven asset, which can drive up the price.

Interest rates: Gold and interest rates have an inverse relationship. When interest rates are high, it costs more to borrow money, which can discourage investment in non-yielding assets such as gold. As a result, the demand for gold decreases and the price goes down.

Supply and demand: The supply and demand of gold also plays a role in determining the price. If there is a shortage of gold on the market, the price will increase, and if there is an oversupply, the price will decrease.

Currency fluctuations: The value of rupee also affects the prices of gold, as gold is traded in US dollar internationally, so if the rupee is weaker against the dollar, the prices of gold would be relatively more expensive in rupee terms.

Import and excise duty on gold : Govt. of India keeps on changing the import and excise duty on gold, which can also affect the prices of gold in Kolkata.

There are several places in Kolkata where you can check the purity of gold. Some options include:

Bureau of Indian Standards (BIS) hallmarking centers: BIS is the government agency responsible for certifying the purity of gold in India. They have several hallmarking centers in Kolkata where you can take your gold to be checked for purity.

Jewelry Stores: Many reputable jewelry stores in Kolkata have in-house facilities to check the purity of gold. They often have trained staff who can use X-Ray Fluorescence (XRF) machines or other equipment to test the gold's purity.

Assaying and Hallmarking Centers: In Kolkata, you can find some centers which are dedicated to the assaying and hallmarking of gold. They are independent and are certified by government bodies. They can provide you a certificate after testing your gold.

Banks: Some banks like ICICI, Axis etc. also have the facility to check the purity of gold and can provide you with a certificate.

It is important to note that it is always advisable to check the purity of gold from a reputed and certified agency, because it will give you assurance about the authenticity and quality of gold.