Gold prices in Kolkata witnessed a sharp surge on Tuesday, January 21, in line with the strong rally seen across domestic and international bullion markets amid heightened global uncertainty and safe-haven buying.
As per the latest available data, 24-carat gold in Kolkata is priced at Rs 1,63,709.20 per 10 grams, reflecting a steep increase of Rs 7,682.30, or nearly 4.9%, compared to the previous trading session. The sharp uptick comes as global gold prices scaled fresh all-time highs, supported by geopolitical tensions and a softer US dollar.
Internationally, gold prices have surged above the $4,800 per ounce mark as investors flock to the precious metal amid concerns over global trade tensions, geopolitical developments, and volatility in equity and currency markets. The rally in global prices has directly translated into higher domestic gold rates.
Local gold prices may differ slightly across jewellers depending on demand, premiums, making charges, and applicable taxes. The prices mentioned are indicative and do not include GST and making charges.
With global cues remaining supportive, market participants continue to closely track geopolitical developments, currency movements, and central bank signals for further direction in gold prices.