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 Carat gold.

Gold Rate Trend in Siliguri from January 2025 to March 2025 (per gram of 24 karat gold) 

Quarterly Gold Rate in Siliguri from January 2025 to March 2025 

1. For the month of January, gold prices in Siliguri opened at Rs.7,686 per gram. The price of the yellow metal fluctuated throughout the month, peaking on 31 January at Rs.8,306 per gram. On 1 January, the price of gold was Rs.7,686 per gram, the lowest for the month. Thus, the total performance of gold in Siliguri has been improving, with a percentage change of 8.06%. 

1. In Siliguri, the price of 24 carat gold entered the month of February at Rs.8,321 per gram and ended the month at Rs.8,526 per gram. The price of gold fluctuated dramatically and reached a low of Rs.8,279 per gram on 3 February and 4 February. The highest price was reported on 25 February, when a gram of 24 carat gold cost Rs.8,663. Gold prices jumped by 2.46% over the course of the month. 

1. In the month of March, 24 karat gold prices opened at Rs.8,526 per gram and closed at Rs.9,046 per gram. Over the course of the month, gold rates jumped by 6.09% and hit the peak price point of Rs.9,046 per gram on 31 March. The precious yellow metal was traded at its lowest price point of Rs.8,526 per gram on 1, 2, and 3 March. 

Gold Rate Trend in Sangli from April 2024 to June 2024

Gold Rate Trend in Siliguri from January 2024 to March 2024

Gold investment avenues in Siliguri

Investing in gold is extremely popular in India, and people strive to own gold regardless of the place they stay in. Residents of Siliguri are no different, and purchase gold both as an investment and as family heirlooms. Most weddings and celebrations require gold purchase, with people passing it down from generation to generation. Two of the popular modes to invest in gold in Siliguri are mentioned below.

Over-the-counter – Most residents of Siliguri prefer to buy gold from jewellery stores, with the town having a number of such stores offering different products. Gold bars, coins, jewellery (bangles, bracelets, chains, etc.) are the popular modes of owning gold. One can buy gold coins from banks as well, though the cost of gold purchased from banks can be costlier on account of purity certificates provided by them. One can buy gold of different purity levels from jewellers, while banks typically offer either 22 or 24 karat gold only.

Market trade – Market trade of gold is not very popular in Siliguri, with people preferring over-the-counter purchases. Individuals who are keen on investing in gold through the markets, can however do so through the Mumbai Stock Exchange or the National Stock Exchange, with an option to invest in gold ETFs, gold futures or E-gold.

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