Business

IIE DIGITAL DESK : Kolkata, April 22: The gold and silver market in Kolkata witnessed a phase of relative stability in mid-April, with prices showing only marginal fluctuations over the past few days. According to traders and market experts, both precious metals have largely remained range-bound since the beginning of the month, offering some relief to consumers and jewellery buyers amid earlier volatility.

The months of sharp swings in the bullion market, particularly during periods of global geopolitical tension, prices of gold and silver have now settled into a more stable pattern. Analysts noted that despite occasional minor ups and downs, the overall movement has been limited within a narrow range, reducing uncertainty for investors and buyers alike.

Wednesday, April 22, there was no significant change in gold and silver rates in the Kolkata market compared to the previous trading session. Prices saw only slight adjustments, with a marginal decline recorded in certain categories of gold. Market data suggests that both 22-carat and 24-carat gold prices remained largely steady, reflecting a calm trading environment.

24-carat pure gold bar was priced at approximately ₹1,52,500 per 10 grams excluding taxes, while the retail price stood at around ₹1,53,250 per 10 grams. Hallmarked 22-carat gold jewellery was priced at about ₹1,45,700 per 10 grams. Silver, on the other hand, was trading at roughly ₹2,51,250 per kilogram in the retail segment. These rates were reported from the West Bengal Bullion Merchants Association (WBBMJA).

Experts believe that the current stability in gold and silver prices is driven by reduced global uncertainty and a more balanced demand-supply scenario in domestic markets. Earlier fluctuations in bullion prices had caused concern among investors, with sharp movements leading to occasional losses. However, the recent trend indicates a more predictable market behaviour, which is considered positive for both traders and consumers.

Despite the stability, jewellers point out that the final purchase price for customers is higher than the quoted market rate. This is due to the addition of Goods and Services Tax (GST), which remains fixed at 3%, along with making charges that vary from one jewellery store to another. As a result, the actual cost of gold jewellery differs across outlets depending on design and craftsmanship charges.

Market observers also noted that gold continues to remain an important investment option despite short-term fluctuations, especially during uncertain global conditions. However, the current stable phase has encouraged more retail buyers, particularly those purchasing jewellery for weddings and upcoming festive occasions.

With prices showing limited movement for several days, both investors and consumers are closely watching global economic indicators and currency trends that could influence future bullion rates. For now, Kolkata’s gold and silver market remains steady, providing a relatively calm environment after months of volatility.