Since the beginning of February, gold and silver prices have corrected sharply from their peak levels. The decline continued last Thursday and Friday, and on Monday as well, both precious metals saw further easing. In Kolkata, silver prices have now slipped below Rs 2.5 lakh per kilogram.
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Gold and silver see fresh decline
On Monday in the Kolkata market, the price of 24-carat gold per 10 grams fell by Rs 1,350. The rate of 22-carat gold used for jewellery declined by Rs 1,300 per 10 grams. Silver prices dropped by Rs 5,850 per kilogram.
Gold and silver rates in Kolkata on Monday (excluding taxes):
24-carat pure gold (bar): Rs 1,54,750 per 10 grams
24-carat pure gold (retail): Rs 1,55,550 per 10 grams
22-carat hallmark jewellery gold: Rs 1,47,850 per 10 grams
Silver (retail): Rs 2,44,900 per kilogram
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Final purchase price will be higher
Customers should note that gold cannot be purchased at these exact rates in retail stores. The final price will be higher as 3 per cent GST is applicable, and jewellery-making charges are added separately. While GST is fixed, making charges vary from one jeweller to another.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the stock market or any field involves risk. Proper study and expert advice are recommended beforehand. This news is published for educational purposes and awareness.}
