Today's Gold Price/Rate in West Bengal

FAQs on Gold Rate in West Bengal

1. Which gold is best to invest in West Bengal?

   If you are looking forward to long term investment in Bhubaneshwar then 24 karat gold is the best option. If you are looking forward to making jewellery, then investing in 22 karat or 18 karat gold would be a better option.

2. Where to buy gold in West Bengal?

   When buying gold in West Bengal, make sure that you are buying from a well-established and certified dealer. Do ensure that the gold is marked, stamped, engraved or in some way certified and determined to be authentic gold of whichever purity you choose - 22 karat or 24 karats. Do take a certificate of authenticity which contains details of purity, the gold rate on the date of purchase and the amount of gold purchased - along with the gold.

3. What precautions should be taken while purchasing gold jewellery in West Bengal?

   While purchasing gold jewellery in West Bengal, you need to make sure to check for purity, negotiate making charges, and cross check the price of the yellow metal. You must know that the price varies based on the purity of gold.

4. Which factors affect the gold price in West Bengal?

   The gold prices in West Bengal are affected by various external factors such as the rate of Indian currency with respect to US dollar, price of oil, important political events, etc. The internal factors such as the policies introduced by the government, interest rate, the demand for gold, etc., also have an impact on gold prices in India.

5. Why is 24 karat West Bengal gold not used for making jewellery?

   The 24-karat gold is of the highest purity and is very soft. This softness allows the yellow metal to be easily drawn into wires and beaten into sheets. Because of this exceptional softness, it is difficult for a jeweller to craft intricate jewellery pieces with 24 karat gold.

6. How can I check whether the West Bengal Gold that I have purchased is authentic?

   If the gold item sinks to the bottom of the bowl, then it is real gold since the precious metal's density is high, otherwise it fake or a plated gold ornament. The other way to check is by taking your gold ornament and bringing it close to a magnet. If it sticks to the magnet then it is fake gold. Real gold will not stick to the magnet.