Business

IIE DIGITAL DESK: Kolkata, May 22: The marked by frequent ups and downs, gold and silver prices in Kolkata remained largely stable on Friday, with only marginal changes recorded in the local bullion market. Both precious metals witnessed alternating movements throughout the week, with gold prices rising on some days and falling on others, while silver followed a similar volatile pattern.

Gold prices dipped slightly on Friday compared to the previous day, while silver registered a modest increase. However, when compared to Monday’s rates, the overall change across the week remained minimal, indicating a largely stable trend in the Kolkata bullion market.

The past 24 hours, prices of both 22-carat jewellery gold and 24-carat pure gold have fallen by only ₹600 per 10 grams in the Kolkata market. On the other hand, silver prices have increased by ₹1,500 per kilogram, reflecting mild volatility in the white metal segment.

Friday (May 22), gold prices in Kolkata (excluding taxes) were recorded as follows: 24-carat gold bar stood at ₹1,58,550 per 10 grams, while retail pure gold was priced at ₹1,59,350 per 10 grams. Hallmarked 22-carat jewellery gold was priced at ₹1,51,450 per 10 grams. Silver was priced at ₹2,68,350 per kilogram in the retail market.

Monday (May 18), the Kolkata bullion market recorded slightly different rates. The 24-carat gold bar was priced at ₹1,58,450 per 10 grams, while retail pure gold stood at ₹1,59,250 per 10 grams. Hallmarked 22-carat jewellery gold was priced at ₹1,51,350 per 10 grams. Silver was recorded at ₹2,69,300 per kilogram.

Market experts note that buyers should be aware that these are base market rates and actual purchase prices are higher due to GST and making charges. While GST remains fixed at 3%, making charges vary from one jewellery store to another, which affects the final retail cost for customers.