Gold Price Today In Kolkata: Gold Recovers Marginally After Sharp Drop

 

### Gold Price Today in Kolkata: Marginal Recovery After Sharp Festive Drop

On October 24, 2025, gold prices in Kolkata showed a slight rebound, edging up marginally after a steep decline over the past week amid profit-booking following Diwali highs. The recovery aligns with global trends where spot gold stabilized near $2,650 per ounce after a 3% weekly drop, driven by easing US inflation fears and festive demand normalization in India. In Kolkata, 24-karat gold rose by about ₹50-100 per gram from yesterday's lows, though it remains down over ₹1,000 from mid-October peaks.

#### Current Gold Prices in Kolkata (October 24, 2025)

Prices are for retail standards and may vary slightly by jeweler due to making charges (typically 5-15%) and GST (3%). Data aggregated from major trackers:

| Purity | Per Gram (₹) | Per 10 Grams (₹) | Change from Yesterday (₹/10g) |

|--------|--------------|------------------|-------------------------------|

| **24K** | 12,546      | 1,25,460        | +500 (recovery)              |

| **22K** | 11,500      | 1,15,000        | +450                          |

| **18K** | 9,409       | 94,090          | +370                          |

- **Silver Price**: ₹98,500 per kg, up ₹1,200 from yesterday but still down 2% week-on-week.

- **Note**: Yesterday (Oct 23), 24K was at ₹1,24,960/10g after a ₹810 drop. The rebound reflects renewed buying interest post-festive sales, though analysts predict volatility ahead of US data.

#### Recent Trends: Sharp Drop and Today's Uptick

- **The Drop**: Gold hit a record ₹13,277 per gram (24K) on October 17 ahead of Dhanteras, fueled by festive rush and geopolitical tensions. Prices then plunged ~7% (₹70,500/100g nationally) over six sessions, with Kolkata seeing a ₹3,380/10g fall by October 22 due to global profit-taking after the rally. This was the steepest single-day drop since 2020, linked to US rate cut optimism reducing safe-haven appeal.

- **Today's Recovery**: A modest bounce of 0.4-0.6% in MCX futures signals stabilization, with experts like those at LKP Securities noting a "bearish tilt but buy-on-dips" strategy. Festive sales hit ₹60,000 crore nationwide, but post-Diwali correction has created buying opportunities.

- **Outlook**: Short-term, prices may hover in ₹12,400-12,700/gm range; long-term bullish on inflation hedges and RBI reserves (now ~850 tonnes). Avoid chasing rallies—opt for sovereign gold bonds or ETFs for stability.

For real-time updates, check MCX or local jewelers like Sree Sree Jewellers. Prices exclude premiums; consult a financial advisor before investing.

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