Gold and silver prices, which had surged following the outbreak of conflict in West Asia, have shown signs of volatility over the past week. The upward trend has now shifted, with both precious metals witnessing fluctuations in recent days.
On Wednesday, gold prices in Kolkata saw a notable decline. The price of 24-carat gold fell by ₹1,050 per 10 grams, while 22-carat jewellery gold also dropped by the same amount.
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In contrast, silver prices recorded a sharp increase. The price of silver rose by ₹6,350 per kilogram in the Kolkata market.
Gold prices in the Kolkata market on Wednesday (March 18): (excluding taxes)
Pure gold bar (24 carat): 1 lakh 55 thousand 550 rupees (per 10 grams)
Pure gold bar (retail): 1 lakh 56 thousand 300 rupees (per 10 grams)
Hallmarked jewellery gold (22 carat): 1 lakh 48 thousand 550 rupees (per 10 grams)
Silver (retail): 2 lakh 49 thousand 800 rupees (per kilogram)
(Price source: WBBMJA)
You will not be able to buy gold at these rates if 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 percent, these charges may vary from shop to shop.
