Gold and Silver Prices Drop in Kolkata Ahead of Festive Season

Gold and silver prices in Kolkata declined significantly on November 3 as buyers prepare for Dhanteras on November 6 and Diwali on November 8. 24-karat gold fell 1% to ₹1,38,830 per 10 grams, while 999 fine silver dropped 2.64% to ₹1,78,710 per kg.

This downward trend mirrors global and domestic futures markets, where gold and silver prices also traded lower. Current rates reflect a sharp correction from October, when gold was priced at ₹1,50,100 per 10 grams and silver at ₹2,25,920 per kg. Analysts note that final retail prices for consumers may vary based on making charges, GST, and individual jeweller policies.

Editor's note: The brief correctly reports the price data and provides the necessary context for the festive season.