Gold
The Price of Gold in Kolkata
A data-driven analysis of the factors, trends, and forecasts shaping the gold market in Eastern India's hub.
24K Gold Price in Kolkata
₹97,275
per 10 grams (as of July 1, 2025)
Gold prices have soared in 2025, solidifying its role as a premier safe-haven asset amidst global uncertainty and a favored investment for its deep cultural and economic significance in India.
Year-to-Date Performance
+31%
in 2025 (YTD)
The yellow metal has significantly outperformed traditional equity benchmarks like the Sensex and Nifty 50, highlighting its value as a powerful portfolio diversifier during volatile times.
A Seventy-Year Surge
From a stable store of value in the 1950s to a dynamic financial asset today, gold's price trajectory in India reflects decades of economic shifts, policy changes, and global events.
Decoding the Price: Key Drivers
Central Bank Buying
Central banks globally, including the RBI, are on a record buying spree, strategically increasing their gold reserves. This tightens market supply and provides a strong, long-term floor for prices.
Interest Rate Cuts
Anticipated rate cuts by the US Federal Reserve make non-yielding gold more attractive compared to interest-bearing assets, diminishing the opportunity cost of holding the metal.
Geopolitical Uncertainty
Persistent global conflicts and political instability enhance gold's appeal as the ultimate safe-haven asset, driving investment as a hedge against turmoil.
Rupee vs. Dollar
As India is a major importer, a depreciating Rupee against the US Dollar directly increases the landed cost of gold, pushing domestic prices higher even if international rates are stable.
Import Duties
Government policy on customs duties is a critical swing factor. A potential hike in the 2025 budget to curb imports would immediately increase prices, while a cut would lower them.
Cultural Demand
Strong demand during festival and wedding seasons provides consistent support. However, record-high prices are causing a shift towards smaller items and asset monetization.
Kolkata's Gold Rush: 2025 Price Action
The first half of 2025 saw a dramatic rise in Kolkata's gold prices, with a significant surge in April followed by a brief moderation in May before resuming its upward trend.
Forecast: What's Next for Kolkata?
The Bull Case: Why Prices Could Increase
A confluence of global and domestic factors creates strong upward momentum for gold prices in the second half of 2025.
Target Price
₹1,08,000
The Bear Case: Why Prices Could Decrease
While less likely, certain developments could lead to a correction or moderation in the price of gold.
Support Level
₹92,000
Global Growth Headwinds
Subdued global economic growth forecasts from major institutions reinforce gold's role as a vital safe-haven asset.
The Consumer Crossroad
Record prices are impacting consumer behavior, with jewelry demand facing pressure even as overall investment value grows.
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