Gold Prices Ease Slightly In Kolkata On July 26; 22K Gold Att Rs 9,160 Per Gram

Gold prices in Kolkata softened marginally on Saturday, July 26, with the city following the broader national trend of a slight dip in rates. In Kolkata, 22-karat gold was priced at Rs 9,160 per gram, while 24-karat gold (popularly known as 999 gold) stood at Rs 9,993 per gram.

India, the world’s second-largest gold consumer after China, relies heavily on imports to meet its substantial demand. Recycled gold contributes only a small fraction to the overall supply, making global market conditions and the rupee’s exchange rate against the US dollar critical in shaping daily price movements.

Currency Moves, Taxes and Global Signals Impact Prices

Because gold is traded internationally in US dollars, any fluctuations in the rupee-dollar rate directly affect the cost for Indian buyers. A weaker rupee generally pushes domestic prices up, while a stronger rupee provides some relief. However, foreign exchange isn’t the only factor – local taxes and duties play a major role too.

Import duties, the Goods and Services Tax (GST), and state-level levies are added on top of global prices, contributing to the final retail rate paid by consumers in Kolkata and elsewhere. Global cues such as bond yields, inflation data and shifts in monetary policy further influence sentiment around the precious metal, often causing sharp swings.

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Gold Rates Across Other Indian Cities

Across the country, prices remained largely aligned with Kolkata’s. In Delhi and Lucknow, 22K gold was the highest at Rs 9,175 per gram and 24K at Rs 10,008 per gram. Cities including Chennai, Mumbai, Hyderabad, Bengaluru and Pune matched Kolkata’s rates at Rs 9,160 (22K) and Rs 9,993 (24K). Ahmedabad and Indore reported slightly higher figures at Rs 9,165 (22K) and Rs 9,998 (24K).

Despite the minor dip in Kolkata today, gold’s reputation as a safe-haven asset remains strong. With global uncertainties and economic volatility continuing to influence markets, buyers and investors in Kolkata are likely to stay attentive to further price movements in the coming weeks.

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