Following Monday and Tuesday's rise Gold and silver prices continue to rise steadily in the Indian market. On Wednesday, two precious metals increased further, setting new records. The continuous spike in the price is making both gold and silver beyond the reach of the middle class. The bullish move in the precious metal market ahead of the upcoming wedding season in Magh–Falgun has raised concerns among middle-class Bengalis.
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On Wednesday, the price of 24-carat pure gold per 10 grams in Kolkata’s market increased by ₹7,800. The price of 22-carat jewellery gold per 10 grams rose by ₹7,450, while silver prices increased by ₹5,850 per kilogram.
Gold and silver rates in Kolkata
Gold prices in Kolkata’s market on Wednesday (excluding taxes) were as follows:
Pure gold bar (24 carat): ₹1,55,350 per 10 grams
Pure gold bar (retail): ₹1,56,100 per 10 grams
Hallmark jewellery gold (22 carat): ₹1,48,400 per 10 grams
Silver (retail): ₹3,20,050 per kilogram
(According to WBBMJA)
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Additional costs for buyers
Regular buyers won't be able to buy gold at these 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, these charges may vary from shop to shop.
{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.}
