Gold and Silver Price Today : The Indian bullion market has encountered a sudden and substantial downward adjustment as the trading week draws to a close. On Friday, May 15, 2026, the Gold Price in Kolkata and other major metropolitan centers recorded a sharp decline, paring back recent record-breaking gains. The “Yellow Metal” dropped by over ₹2,200 per 10 grams, while silver mirrored this bearish retreat with a massive plunge of ₹10,000 per kilogram, signaling a period of aggressive profit-booking and technical correction.
In Kolkata, 24-carat retail pure gold is currently trading at ₹16,009 per gram. This report provides a granular analysis of today’s rates, state-wise comparisons, and the macroeconomic factors defining the market as retail consumers find a potential entry window amidst high volatility.
1. Gold and Silver Price Today in Kolkata : May 15 Market Analysis
Kolkata, the historic hub for jewelry craftsmanship and the bullion trade in Eastern India, witnessed a surge in consumer inquiries today as the sharp price dip provided much-needed relief to wedding-season buyers. This correction is viewed by analysts as a necessary cooling-off period following the parabolic move seen earlier this month.
24 Karat Gold (99.9% Purity)
For investors tracking the Gold Price in Kolkata for high-purity assets like bars and digital gold:
Per 1 Gram: ₹16,009 (Down by ₹224)
Per 10 Grams: ₹1,60,090 (Down by ₹2,240)
22 Karat Gold (91.6% Purity – Jewelry Standard)
The 22-carat segment, the primary choice for bridal ornaments in West Bengal, saw a notable decrease:
Per 1 Gram: ₹14,675 (Down by ₹205)
Per 10 Grams: ₹1,46,750 (Down by ₹2,050)
18 Karat Gold (75% Purity)
Used primarily for contemporary diamond-studded jewelry:
Per 1 Gram: ₹12,007 (Down by ₹168)
Per 10 Grams: ₹1,20,070 (Down by ₹1,680)
2. Silver Price in Kolkata: A Massive Technical Retreat
Silver faced a more pronounced correction today, dropping ₹10 per gram. This move highlights the metal’s higher sensitivity to shifts in global industrial sentiment and institutional profit-booking cycles.
| Category | Price Today | Daily Change | Trend (YTD) |
| Silver Per Gram | ₹290 | – ₹10 | Up 5-7% |
| Silver Per 100 Grams | ₹29,000 | – ₹1,000 | Corrective |
| Silver Per 1 Kilogram | ₹2,90,000 | – ₹10,000 | Bullish Base |
The ₹10,000 per kg drop brings silver to ₹2,90,000. Despite this daily plunge, silver rates in Kolkata have still seen decent gains of around 5-7 per cent since the start of the year, as international prices have gained ground over the last few months.
3. State-Wise Gold & Silver Price Analysis (May 15, 2026)
While the Gold Price in Kolkata acts as the benchmark for the East, localized taxes and regional demand create a diverse pricing landscape across India.
Estimated 24K Gold (10g) and Silver (1kg) Rates Across India:
| State/City | 24K Gold (10g) | Silver (1kg) | Market Sentiment |
| West Bengal (Kolkata) | ₹1,60,090 | ₹2,90,000 | Corrective / Buying Interest |
| Maharashtra (Mumbai) | ₹1,60,350 | ₹3,04,000 | Profit Booking |
| Delhi (NCR) | ₹1,60,600 | ₹3,04,500 | Technical Resistance |
| Tamil Nadu (Chennai) | ₹1,61,900 | ₹3,18,000 | High Seasonal Demand |
| Karnataka (Bengaluru) | ₹1,60,450 | ₹3,04,000 | Technical Floor Test |
| Telangana (Hyderabad) | ₹1,60,350 | ₹3,18,000 | Strong Physical Pull |
Analyst Insight: Southern markets like Chennai and Hyderabad continue to trade at a substantial premium. Even with today’s nationwide dip, silver in these regions is trading nearly ₹28,000 higher than in Kolkata, reflecting the extreme inelasticity of physical demand in the South during the peak wedding season.
4. Market Drivers: Why did Bullion Retreat Today?
Several factors are currently influencing the downward movement in the Gold Price in Kolkata:
Technical Profit Booking: After weeks of record-high prices, institutional investors have moved to “lock in” gains, triggering a cascading sell-off in the futures market.
Dollar Resilience: A sudden strengthening of the US Dollar Index has made dollar-denominated gold more expensive for international buyers, cooling global demand.
International Price Pullback: Domestic rates are responding to international prices that have softened after gaining ground too rapidly over the last few months.
Tandem Correction: Silver rates tend to move in tandem with gold. As the yellow metal retreated from its peak, silver speculative interest evaporated, leading to the massive ₹10,000 per kg drop.
5. Investment Strategy: Navigating the Dip
With the Gold Price in Kolkata showing a sharp mid-week correction, discerning investors should consider the following strategy:
For Jewelry Consumers: If you have weddings planned for late May or June, today’s dip in the 22K segment (down ₹2,050 per 10g) is a significant entry window. The drop offers a direct saving for those who have been waiting for a breather in the “Lagan” season.
For Long-term Investors: Bullion remains a primary choice for investment. Use these intermittent dips to average out your entry price in Gold ETFs or Digital Gold.
Silver as an Asset: Silver’s 5-7% gain since January remains a strong performance indicator. Today’s retreat to ₹2.90 lakh offers an attractive entry point for those with a mid-to-long-term horizon, given the metal’s industrial utility.
6. How to Calculate Your Final Jewelry Bill in Kolkata
When visiting the showrooms of Bowbazar or Gariahat, ensure you use a Gold Rate Calculator and understand the components of a transparent invoice.
The Final Bill Formula:
$$\text{Final Price} = (\text{Gold Rate} \times \text{Weight}) + \text{Making Charges} + \text{3\% GST} + \text{₹45 Hallmarking Fee}$$
Smart Buyer Checklist:
HUID Verification: Every piece of hallmarked jewelry must have a 6-digit Hallmark Unique Identification (HUID). Verify it on the BIS Care App to confirm purity.
Making Charge Transparency: In Kolkata, these typically range from 10% to 22%. Negotiate this component, especially on high-volume purchases.
Net Weight: Ensure you are only paying for the weight of the gold, excluding stones or beads.
7. Future Outlook: May 2026 Forecast
The consensus among bullion analysts is that the market is searching for a new support floor.
Gold Outlook: Analysts expect the Gold Price in Kolkata to find strong support at the ₹15,800 level. If it holds, we may see a period of sideways consolidation before the next rally.
Silver Outlook: Silver is expected to find support at the ₹2.85 lakh level. Any further recovery will be driven by international industrial restocking cycles.
Conclusion
The Gold Price in Kolkata on Friday, May 15, 2026, reflects a market undergoing a necessary technical correction. The dip of over ₹2,200 for gold and ₹10,000 for silver offers a measure of affordability for Indian households amidst a historic bull year. Whether you are buying for tradition or for financial security, staying updated with these daily fluctuations is the only way to make the right choices in a high-valuation environment.
Disclaimer: This information is based on various inputs from news agency.