Gold Prices Surge: Kolkata Sees Significant Hike, What Buyers Need to Know

• Gold prices are on an upward trend in the domestic market, influenced by international surges and dollar fluctuations.
• Both 22-carat and 24-carat gold prices have increased significantly, with hikes of several hundred rupees per 10 grams.
• Key factors driving price fluctuations include international spot prices, US dollar exchange rates, central bank policies, and seasonal demand.
• Experts advise phased buying to mitigate risk and suggest alternatives like Digital Gold or Sovereign Gold Bond Scheme (SGB) for investors.
• Current prices (as of January 28) for 22-carat gold are 15380 rupees, 18-carat gold 12630 rupees, plus 3% GST.