Gold Rate in Siliguri
The price an individual pays for gold in Siliguri depends largely on international trends, with global markets and the performance of the dollar playing a key role in calculating the final rate. Local demand and supply and taxes also impact the rates, with different gold products available for multiple budgetary needs, thanks to varying purity levels. Addition of impurities makes gold cheaper, with 14 or 18 karat gold costing lower than 22 or 24 karat gold.
24 karat gold – At 99.9% pure, 24 karat gold is perhaps the most natural form of gold one can buy in Siliguri, which also makes it the most expensive. Typically, the cost is determined by weight, with 1 gram costing Rs 2,979 (as of March 14, 2016). Gold rates in Siliguri have reflected trends seen across the country, with prices dropping in 2015, making gold affordable to the masses. Prices fell to a low of Rs 2,500 in August 2015, on account of an impending US Federal Rate change, with rates staying around the Rs 2,600 mark for most of the year. Since January 2016, prices have gone up, with an upward trend witnessed.
22 karat gold – 22 karat gold is a popular option when it comes to gold purchases in Siliguri, thanks to a mix of affordability and purity. At 92% pure, it is around Rs 200 cheaper per gram, with 1 gram costing Rs 2,782 in Siliguri (as of March 14, 2016). A trend similar to 24 karat rates was witnessed in the town, with prices dipping in July-August before picking up from January 2016.
Gold Rate Trend in Siliguri for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,090 per gram | Rs.3,146 per gram | Rs.3,143 per gram |
| Last day | Rs.3,127 per gram | Rs.3,163 per gram | Rs.3,159 per gram |
| Highest price | Rs.3,172 per gram on 25 January | Rs.3,191 per gram on 18 & 19 February | Rs.3,198 per gram on 25 & 26 March |
| Lowest price | Rs.3,088 per gram on 5 January | Rs.3,105 per gram from 10-13 February | Rs.3,117 per gram on 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 0.54% | 0.50% |
Gold Rate Trend in Siliguri for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,071 per gram | Rs.3,074 per gram |
| Last day | Rs.3,091 per gram | Rs.3,085 per gram | Rs.3,098 per gram |
| Highest price | Rs.3,138 per gram from 12 to 17 October | Rs.3,123 per gram on 20, 25 and 26 November | Rs.3,098 per gram on 30 and 31 December |
| Lowest price | Rs.3,079 per gram from 27 to 29 October | Rs.3,035 per gram 18 November | Rs.3,001 per gram on 12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | -0.57% | 0.45% | 0.78% |
Gold Rate Trend in Siliguri for October 2017:
- Gold opened at Rs.3,109 per gram when the final quarter of 2017 began.
- Gold trade this month was affected by poor local demands and a strong US market. Even some of the key festivals failed to spur investor sentiments.
- Gold price in Siliguri dropped to Rs.3,086 per gram by the 6th due to a considerable drop in demand but surged back to Rs.3,113 per gram after a poor US dollar showing.
- The yellow metal’s rates hit their highest rate of Rs.3,138 per gram on the 12th and continued at this rate till the 18th of the month.
- Towards the final few days of the month, gold rate in Siliguri seemed to decline before picking up over the 30th and the 31st.
- When the month came to an end, the yellow metal was priced at Rs.3,091 per gram.
- Price trends dropped by 0.57% this month due to poor global cues and weak local demand.
Gold Rate Trend in Siliguri for November 2017:
- Gold trading in November was remained mostly positive and prices seemed to rise consistently over the course of the month.
- When trading started for November, gold opened at Rs.3,071 per gram.
- There were a lot of price fluctuations for most part of the month but a steady local demand kept gold rates from witnessing any major changes.
- However, as the US dollar improved against other currencies, gold ratein Siliguri fell and hit Rs.3,035 per gram on the 18th – the lowest rate for the month.
- As festive season approached, gold prices in Siliguri seemed to incline towards the final week of the month.
- Gold traded at its highest rate of Rs.3,123 per gram on the 20th, the 25th and the 26th of the month as some festive season buying from traders pushed rates up.
- However, prices dropped when the month came to an end and the metal traded at Rs.3,085 per gram
- Price trends this month inclined by 0.45%, thanks to robust demand seen as the month reached its end.
Gold Rate Trend in Siliguri for December 2017:
- When trading began for the final month of Q4 2017, the yellow metal was priced at Rs.3,074 per gram.
- Gold price in Siliguri dropped to new lows on the 12th – to trade at Rs.3,011 per gram – as demand for the metal was largely affected by a rising US dollar.
- The third week onwards saw gold prices improve considerably as the US dollar seemed to lose some of its sheen.
- Gold rates in Siliguri, in fact, hit its highest for the month on the 30th and the 31st of the month when it traded at Rs.3,098 per gram as demand increased amid a poor dollar.
- Price trends saw a 0.78% incline this month, thanks to improved demand towards the final few days of the year.
