After over a year of steep increases, gold and silver prices have finally shown a sharp decline, bringing relief to buyers. Earlier, tensions in West Asia, a weak stock market and the falling rupee had raised fears of further price hikes. However, contrary to expectations, prices have eased in recent days.

On Saturday, the Kolkata market witnessed a notable drop in precious metal prices. The rate of 24-carat gold fell by ₹4,900 per 10 grams, while 22-carat jewellery gold dropped by ₹4,650 per 10 grams. Silver prices also saw a significant decline, falling by ₹10,700 per kilogram.

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Gold rates in Kolkata market on Saturday (March 21): (excluding taxes)

Pure gold bar (24 carat): 1 lakh 44 thousand 400 rupees (per 10 grams)

Pure gold bar (retail): 1 lakh 45 thousand 150 rupees (per 10 grams)

Hallmarked jewellery gold (22 carat): 1 lakh 37 thousand 950 rupees (per 10 grams)

Silver (retail): 2 lakh 26 thousand 400 rupees (per kilogram)

(Price source: WBBMJA)

You will not be able to buy gold at these rates when you go to the market. It will cost slightly more than these rates. This is because GST and jewellery-making charges will be added to these rates. While GST is fixed at 3 percent, these charges may vary from store to store.

{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}