Gold Prices Rise In Kolkata On July 3; Check Today’s Rates

India remains the world’s second-largest consumer of gold after China, with most of its demand met through imports and a smaller share sourced from recycled metal

Currently, prices for both 22-karat and 24-karat gold in India are on an upward trajectory

Source : Freepik

After a week-long slump, gold prices are showing signs of a steady rebound across Indian markets, with Kolkata witnessing a notable upward shift on Thursday. The precious metal snapped its seven-session losing streak on Tuesday, and the momentum carried into Wednesday (July 3), as prices edged higher nationwide. Renewed demand, driven by a mix of global economic cues, currency fluctuations, and ongoing speculation around US tariff policies, has prompted investors to return to gold as a safe-haven asset.

Gold Price In Kolkata

Gold prices in Kolkata edged higher on July 3, with 22-karat gold priced at Rs 9,105 per gram and 24-karat (999) gold at Rs 9,933 per gram. These rates were in line with other metro cities such as Chennai, Bengaluru, Mumbai, Pune, and Hyderabad, all of which reported identical pricing. Slightly higher rates were seen in Ahmedabad and Indore, where 22-karat gold was priced at Rs 9,110 and 24-karat gold at Rs 9,938 per gram. Lucknow recorded the highest rates among the cities, with 22-karat gold at Rs 9,120 and 24-karat gold at Rs 9,948 per gram. These variations are attributed to local taxes, transportation costs, and regional demand factors.

Gold Consumption In India

India remains the world’s second-largest consumer of gold after China, with most of its demand met through imports and a smaller share sourced from recycled metal. Since gold is priced globally in US dollars, any shifts in the dollar’s value have a direct effect on domestic prices. Within India, gold rates are also influenced by factors such as import duties, the Goods and Services Tax (GST), and local levies.

Currently, prices for both 22-karat and 24-karat gold in India are on an upward trajectory, further cementing gold’s status as a trusted store of value. Amid ongoing economic uncertainty and volatile markets, gold continues to attract investors looking for a safe and stable asset.