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Commodities

Kolkata Gold Market Sees Near-Record Prices Ahead of Durga Puja

Guavy AI Editorial Team
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Gold
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Kolkata's gold market is seeing near-record prices for Durga Puja buyers. The current price of 24-karat gold in Kolkata is ₹15,890 per gram. This level has been consistent for four months, and buyers are waiting for a correction that hasn't arrived yet.

The demand structure in Kolkata's market is resistant to short-term yield signals. Central banks globally have purchased 1,045 tonnes of gold for 2025, providing an institutional demand base that keeps prices elevated.

Goldman Sachs has forecasted a price target of $4,900 per troy ounce by December 2026, which would put the price of 24-karat gold in Kolkata at ₹21,000 per gram. This could reshape wedding budgeting across Bengal permanently.

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