Big Drop In Today’s Kolkata Gold Rates On Chhath Puja: Here’s How Much You Can Save For 22,24 & 18K Gold Price

On Monday, October 27, gold prices in Kolkata fell precipitously on the occasion of Chhath Puja and also amid global cues concerning renewed optimism about US trade agreements with China and India. On the front of the global bullion market, gold prices dropped below $4,100 an ounce on Monday as demand for safe haven assets declined due to the US-China trade discussion's advance.

Gold Price In Kolkata Today

Today, 24 carat gold costs Rs 12,448 per gram, 22 carat gold costs Rs 11,410 per gram, and 18 carat gold costs Rs 9,336 per gram in Kolkata.

Today gold rate for 24k of 10 grams reached Rs 1,24,480 in Kolkata, which was Rs 1,25,620 yesterday, representing a price drop of Rs 1,140 overnight, which means that 24k of 100 grams has become cheaper by Rs 11,400 in Kolkata on Monday to reach Rs 12,44,800.

Gold price in Kolkata today reached Rs 1,14,100 for 22k of 10 grams compared to Rs 1,15,150 yesterday, representing a price drop of Rs 1,050 overnight, which means that 22k of 100 grams of gold have become cheaper by Rs 10,500 in Kolkata on Monday to reach Rs 11,41,000.

18k of 10 gms of gold cost Rs 93,360 in Kolkata on Monday, compared to Rs 94,220 yesterday. This is a price drop of Rs 860, meaning that 18k of 100 grams of gold would cost Rs 9,33,600 in Kolkata today, which is Rs 8,600 less than it cost yesterday.

Silver Rates In Kolkata Today

Today, the price of silver in Kolkata is steady at Rs 1,55,000 per kilogram and Rs 155 per gram.

MCX Gold Outlook Today

"On the technical front, MCX Gold has seen a sharp correction from its all-time high levels, with most technical parameters on the daily timeframe indicating weakness. The RSI has fallen below the 60 mark for the first time since the start of the recent rally, while the MACD has given a negative crossover on the daily chart. Prices have also fallen below the 10 DEMA, and a bearish engulfing pattern has formed at the top - all pointing towards weakness. Immediate support is now placed at 122,300-121,400, while resistance will be seen at 123,400. Bulls are advised to trade cautiously with tight stop-losses unless strong support levels emerge," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Rates Fundamental Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; as gold prices fell - after posting its first weekly drop since mid-August - as progress on a USChina trade deal sapped haven demand," commented the research analysts of Nirmal Bang Securities.

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