Gold Prices in Kolkata Bounce Back with Second Consecutive Gain

Gold prices in Kolkata continued their recovery on July 31, with a second consecutive session of gains. The 24K gold rate climbed to ₹14,460 per gram, while 22K gold rose to ₹13,255 per gram.

The recent increase follows a sharp correction earlier this week, where gold prices plummeted due to global market fluctuations and changes in the rupee's value against the US dollar. The current rebound is seen as a positive sign for the market, with investors cautiously optimistic about the future trends.

Despite the gains, gold prices remain below their highs of ₹14,651 per gram seen on July 22, indicating that the recovery is still unfolding. Gold traders and investors are closely monitoring global bullion trends, inflation expectations, and central bank policy decisions to gauge the next directional move in the market.