The rise in gold and silver prices continues even in the last week of December. Due to continuous increases, new records are being set daily in the prices of these precious metals. As a result, they are moving further away from the reach of the middle class. However, while gold prices have increased in the past few days, silver prices have risen even more. On Friday, silver prices also set a new record in the international market. For the first time, the silver price per ounce crossed $75 in the international market. The impact of this is being felt in markets across various cities in India as well.
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On Friday, the price of 24-carat pure gold per 10 grams increased by 1,000 rupees. The price of 22-carat gold per 10 grams also increased by 1,000 rupees. On the other hand, the price of silver per kilogram increased by 7,800 rupees.
Friday's gold rates in the Kolkata market: (excluding tax)
Pure gold bar (24 carat): 1 lakh 38 thousand 100 rupees (per 10 grams)
Pure gold bar (retail): 1 lakh 38 thousand 800 rupees (per 10 grams)
Hallmarked jewellery gold (22 carat): 1 lakh 31 thousand 950 rupees (per 10 grams)
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Silver (retail): 2 lakh 29 thousand 300 rupees (per kilogram)
(Price source: WBBMJA)
You will not be able to buy gold at these exact rates when you go to the market. It will cost somewhat more than these rates. This is because GST and jewellery-making charges will be added to these rates. While GST is fixed at 3 per cent, the making charges may vary from shop to shop.
