Great news for the middle class, gold prices fall again in Durga Puja, crowds of shoppers overflow
Gold prices continue to fall! Good news for the festive season. Go to the nearest goldsmith today and make the gold jewelry of your choice. At present, the price of gold in the international market is 47 1747.50 per ounce, but in the Indian market, the price of gold per 10 grams fell 0.24 percent to Rs 45,960!
Today, the price of a gram of gold in the Kolkata market is 4680 rupees, that is, 24 carat gold is 46800 rupees. On the other hand, the price of ten grams of 22 carat gold is Rs 44,400. Excluding GST and TCS, Hallmark gold is available at Rs 4505 per 1 gram, which means that the price of 10 grams of Hallmark gold is Rs 45050.
On August 10, 2020, the price of gold stood at Rs 56,200 and since then the yellow metal has been witnessing a steady rise and fall. Once it reaches 50000, gold continues to become cheaper. Gold prices have been declining since the end of last week and have been on a decline since the beginning of this week, reaching a record high of around Rs 10,200 per ten grams.
Apart from gold, silver also declined by 0.45 per cent to Rs 60,400 per kg in the previous session. On the other hand, the retail market price of silver has come down to Rs 60,500. Such a steadily declining price of gold and silver has allowed middle-class Bengalis to survive.