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Gold Prices Drop Significantly In Kolkata Bringing Relief To Buyers
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News18•12-10-2026, 14:28
Gold Prices Drop Significantly In Kolkata Bringing Relief To Buyers
- •Gold prices saw a significant drop in the Kolkata market on Monday
- •The price of 22-carat gold stands at 14,075 rupees and 18-carat at 11,555 rupees
- •An additional 3 percent GST will be applicable on gold and silver purchases
- •Market experts suggest that gold prices may rise again ahead of Diwali or Dhanteras
- •International market conditions and US dollar movements heavily influence gold prices
Key Questions Answered
On Monday, October 12, the price of 22-carat gold in Kolkata stands at 14,075 rupees, 18-carat gold is priced at 11,555 rupees, and 1 kg of silver is 223,843 rupees, with an additional 3% GST applicable.
Market experts note that while prices have dropped significantly at the start of the Puja festival season, they may rise again during Diwali or Dhanteras due to fluctuating market conditions and consumer demand.
International gold prices are driven by several factors including the movement of the US dollar, interest rate expectations, geopolitical situations, investor demand, and changes in domestic market conditions.
