Gold Prices In Kolkata Jump On July 4; Check The Details Here

India remains the world’s second-largest consumer of gold, following China, with the majority of its demand met through imports and a smaller share coming from recycled sources

Kolkata's consistent pricing reflects overall market stability and continued investor interest in gold as a trusted asset

Source : PTI

Gold prices rose in the domestic futures market on Friday (July 4), driven by a weaker US dollar after the House of Representatives passed former President Donald Trump’s tax cut bill. On the Multi Commodity Exchange (MCX), the August 5 gold contract traded 0.16 per cent higher at Rs 96,935 per 10 grams.

The dollar index declined by 0.20 per cent, boosting global bullion prices and influencing domestic markets. In Kolkata, gold rates mirrored the national uptrend, supported by steady retail demand and festive buying interest. With gold continuing to act as a safe-haven asset amid global economic uncertainties, investor sentiment in Kolkata remains strong, reinforcing the metal’s appeal as a stable investment choice.

Gold Rates Today: Kolkata Mirrors National Price Trends

Gold prices in Kolkata remain steady, with the current rate at Rs 9,050 per gram for 22-karat gold and Rs 9,873 per gram for 24-karat gold (999 purity). These rates are in line with several other major cities such as Chennai, Bengaluru, Mumbai, Pune, and Hyderabad, where gold prices hold at the same levels. In Ahmedabad and Indore, gold is slightly more expensive, priced at Rs 9,055 for 22-karat and Rs 9,878 for 24-karat gold. Meanwhile, Delhi and Lucknow continue to record the highest rates, with 22-karat gold at Rs 9,065 and 24-karat gold at Rs 9,888 per gram.

Kolkata's consistent pricing reflects overall market stability and continued investor interest in gold as a trusted asset. As demand stays resilient amid economic uncertainty, the city remains aligned with the national trend of firm gold prices.

Gold Consumption In India

India remains the world’s second-largest consumer of gold, following China, with the majority of its demand met through imports and a smaller share coming from recycled sources. Since gold is globally priced in US dollars, any movement in the dollar’s value has a direct bearing on domestic gold prices. In addition, factors such as import duties, the Goods and Services Tax (GST), and various local levies further influence pricing in the Indian market.

At present, both 22-karat and 24-karat gold prices are on an upward trend, underscoring gold’s long-standing role as a dependable store of value. Amid persistent economic uncertainty and market fluctuations, gold continues to be a favored investment choice for those looking for financial safety and long-term stability.