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Gold Price
The price of gold in Kolkata today is ₹9,874 per gram for 24 karat gold, ₹8,950 per gram for 22 karat gold and ₹7,323 per gram for 18 karat gold (also called 999 gold).
Silver Price
The price of silver in Kolkata today is ₹100 per gram and ₹1,00,000 per kilogram. Silver rates tend to move in tandem with the prices of gold. When the precious metal price rises, Silver rates also tend to go up. Over the last few months, silver prices have rallied as international prices have gained ground. This has led to silver rates in Kolkata also gaining some ground. Since the start of the year, we have seen decent gains of around 5-7 per cent in the prices of silver.
Taking a gold loan in Kolkata?
If you have never taken a gold loan in kolkata, you could always opt for one. However, there are some things that you should remember, before you opt for a gold loan in Kolkata. Some of these are as follows:
1) It is the easiest and the quickest loan to take in the country.Probably you are out of the gold loan finance company in a few minutes.
2) There are a number of gold loan companies in the country, including the likes of Muthoot Finance and Manappuram Finance, which are the two largest players in the business.
3) Banks also lend for gold purchases. But their interest rates maybe slightly higher and their ability to complete the gold loan quickly is a bit doubtful.
4) Dangerous consequences: Remember that if you do not pay back your loan, the chances are bright that your gold could be confiscated by the gold loan company. So you need to take uttermost care to payback the amount.
5) It is extremely important to remember to compare the gold loan rates. If the banks are giving you the loan cheaper, it is better to opt for the bank loan. However, do also take a look at the processing and other charges that maybe applicable. Remember ans also compare gold loan to value. that is the amount of loan that one would get. For example if it is 80 per cent then if you have Rs 1 lakh value of gold you should get at least Rs 80,000 as loan. Always remember to check the rate of 10 grams gold in Kolkata before you go for a loan. The loan to value ratio for gold really depends on the policies which are governed by the Reserve Bank of India. They do tend to alter and change these ratios from time to time.