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Gold Prices Surge in Kolkata Ahead of Mahalaya, Check Today Rates
- •Gold prices showed an upward trend again ahead of Mahalaya after experiencing a recent drop.
- •On Friday in Kolkata, the price of 22 karat gold reached 14,135 rupees and 18 karat gold reached 11,605 rupees.
- •The price of 1 kg of silver was recorded at 223,097 rupees with an additional 3 percent GST applicable.
- •Experts speculate that increasing demand during Dhanteras and the festive season might impact future prices.
Key Questions Answered
On Friday, October 9, the price of 22 karat gold reached 14,135 rupees and 18 karat gold became 11,605 rupees in Kolkata. Additionally, the price of 1 kg of silver was recorded at 223,097 rupees, with an extra 3% GST applicable at the time of purchase.
Many buyers are leaning toward 18 karat gold jewelry because its price is significantly lower than 22 karat gold. Furthermore, 18 karat gold is commonly used for crafting jewelry embedded with diamonds and other precious stones due to its alloy composition.
Experts advise that investors should avoid rushing into major purchases or investment decisions based solely on a single day's price. Instead, those investing large amounts might consider buying in phases to mitigate risk and take advantage of varying market rates over time.
