Business

IIE DIGITAL DESK :  August 18, 2025, Kolkata witnessed a slight increase in gold prices, marking a reversal from the previous week's decline. This uptick is attributed to a combination of global market factors, including fluctuations in crude oil prices and uncertainties surrounding import duties. Despite these challenges, the local gold market showed resilience, with prices edging higher as the week commenced.

The indicative SSBC (Standard & Pure Bullion Corporation) hallmark gold and silver rates in Kolkata for the day are as follows:

• 24-Carat Gold (Fine Gold 995): ₹9,960 per gram

• 22-Carat Gold (Buying Price): ₹9,465 per gram

• 22-Carat Gold (Selling Price): ₹9,063 per gram

• 18-Carat Gold: ₹7,770 per gram

• Silver (999): ₹1,14,447 per kilogram

These rates reflect the current market conditions and are indicative of the prevailing trends in the precious metals sector. It's important to note that actual transaction prices may vary based on factors such as purity, making charges, and market demand.

For consumers and investors in Kolkata, these rates provide a benchmark for assessing the value of gold and silver. However, it's advisable to consult with local jewellers and bullion dealers for the most accurate and up-to-date pricing information. Additionally, considering factors like making charges, buyback policies, and certification standards can aid in making informed purchasing decisions.

As the festive season approaches, which traditionally sees an uptick in gold and silver purchases, staying informed about market trends and price movements will be beneficial for both buyers and sellers in the Kolkata region.