Gold prices have moved up again in the Kolkata bullion market after a prolonged phase of decline. Over the past few days, both jewellery gold and 24-carat gold bars have recorded a noticeable increase. Silver prices have also climbed during the same period.
On February 23, the price of gold jewellery per 10 grams in Kolkata crossed the ₹1.5 lakh mark, reflecting a sharp weekly rise.
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Gold and Silver Rates on February 23
24 carat gold bar: ₹1,58,050 per 10 grams
24 carat gold bar retail: ₹1,58,850 per 10 grams
22 carat hallmark jewellery gold: ₹1,51,000 per 10 grams
Silver retail: ₹2,65,400 per kg
Prices increased further on Monday compared to last Saturday, continuing the upward trend.
Gold and Silver Rates on February 17
24 carat gold bar: ₹1,52,200 per 10 grams
24 carat gold bar retail: ₹1,53,000 per 10 grams
22 carat hallmark jewellery gold: ₹1,45,400 per 10 grams
Silver retail: ₹2,38,100 per kg
Within just six days, gold prices rose by nearly ₹5,850 per 10 grams in the standard 24 carat category, while silver gained more than ₹27,000 per kg in the retail segment.
Weekly gold and silver price surge
Since February 17, gold and silver prices have been steadily increasing in Kolkata. The rebound follows a sustained correction phase and signals renewed buying interest in the physical bullion market.
Impact on gold and silver ETFs
The rise in physical bullion prices has also been reflected in the stock market. Gold and silver exchange-traded funds have posted significant gains.
Silver ETF prices increased by approximately 5 to 6 per cent.
Gold ETF prices rose by around 1.5 to 2 per cent.
The synchronised rise in physical and paper gold indicates strong short-term momentum in precious metals.
{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.}
