Gold and Silver Price on August 20 2026. Gold prices in Kolkata went up across 24 Karat, 22 Karat and 18 Karat purity levels and silver also went up a lot per gram and per kilogram. The increase happened because people are buying safe assets again and big economic numbers are changing plus there is movement in the main market exchanges.
For people who invest those who buy in amounts and others who are getting ready for festivals and weddings keeping up with the daily changes in the local market is important for making good buying plans.
Here is a detailed analysis of todays price changes, differences in purity prices in cities across India, tax rules and tips, for making smart investments.
Kolkata Gold and Silver Price Market Overview:
Gold prices in Kolkata surged significantly on August 20, 2026, gaining momentum across all standard purity categories:
24 Karat Gold (99.9% Purity):
Price per Gram: ₹15,927
Daily Gain: +₹430 per gram
8 Grams (Sovereign Value): ₹1,27,416
10 Grams (Standard Retail Bar): ₹1,59,270
100 Grams (Commercial Minted Bar): ₹15,92,700
Market Overview: 24K gold serves as the baseline benchmark for pure bullion investments, minted coins, and central bank reserves. Today’s +₹430 per gram gain translates into a ₹4,300 increase per 10 grams, reflecting strong buying sentiment in wholesale bullion markets.
22 Karat Gold (91.6% Purity):
Price per Gram: ₹14,600
Daily Gain: +₹395 per gram
8 Grams: ₹1,16,800
10 Grams: ₹1,46,000
100 Grams: ₹14,60,000
Market Overview: 22K gold represents the primary grade used for traditional bridal and everyday Indian jewellery. The +₹395 per gram gain raises the baseline price of a standard 10-gram purchase by ₹3,950 before making charges and local taxes.
18 Karat Gold (75.0% Purity):
Price per Gram: ₹11,946
Daily Gain: +₹250 per gram
8 Grams: ₹95,568
10 Grams: ₹1,19,460
100 Grams: ₹11,94,600
Market Overview: Highly favoured for modern, lightweight, and gem-set jewellery, 18K gold gained +₹250 per gram, tracking the broader domestic bullion rally.
Kolkata Silver Market Analysis: Strong Rebound Across Retail Tiers
Silver rates in Kolkata matched the upward momentum in gold, posting solid single-day gains on August 20, 2026:
Silver Price per Gram: ₹255 (Daily Gain: +₹10 per gram)
Silver Price per Kilogram: ₹2,55,000 (Daily Gain: +₹10,000 per kilogram)
Performance Track: Silver prices have maintained steady growth of approximately 5% to 7% since the beginning of the year, driven by international spot market rallies and industrial demand.
Market Profile: Silver acts both as an investment asset and a key raw material in green energy technologies, photovoltaic solar panels, and high-precision electronics.
State-Wise Gold and Silver Price Comparison Across Major Indian Cities
Bullion rates vary across Indian states due to differences in state taxes, local entry levies, freight charges, and regional bullion association pricing fixes.
The table below provides a state-wise breakdown of indicative gold and silver rates across major metropolitan centers on August 20, 2026:
| State | Primary Metro | 24K Gold Rate (per 10g) | 22K Gold Rate (per 10g) | 18K Gold Rate (per 10g) | Silver Rate (per Kg) |
| West Bengal | Kolkata | ₹1,59,270 | ₹1,46,000 | ₹1,19,460 | ₹2,55,000 |
| Delhi NCR | New Delhi | ₹1,59,420 | ₹1,46,150 | ₹1,19,580 | ₹2,54,900 |
| Maharashtra | Mumbai | ₹1,59,270 | ₹1,46,000 | ₹1,19,460 | ₹2,54,900 |
| Tamil Nadu | Chennai | ₹1,59,720 | ₹1,46,400 | ₹1,19,810 | ₹2,59,900 |
| Telangana | Hyderabad | ₹1,59,270 | ₹1,46,000 | ₹1,19,460 | ₹2,59,900 |
| Karnataka | Bengaluru | ₹1,59,270 | ₹1,46,000 | ₹1,19,460 | ₹2,54,900 |
| Gujarat | Ahmedabad | ₹1,59,320 | ₹1,46,050 | ₹1,19,500 | ₹2,55,200 |
| Uttar Pradesh | Lucknow | ₹1,59,420 | ₹1,46,150 | ₹1,19,580 | ₹2,55,500 |
| Rajasthan | Jaipur | ₹1,59,370 | ₹1,46,100 | ₹1,19,540 | ₹2,55,100 |
| Kerala | Kochi | ₹1,59,270 | ₹1,46,000 | ₹1,19,460 | ₹2,59,900 |
Key Observations on Regional Variations:
Southern Regional Premium: Cities like Chennai, Hyderabad, and Kochi maintain higher silver rates due to strong regional industrial and ceremonial demand.
Transportation & Freight Impact: Inland centers such as Delhi, Lucknow, and Jaipur list marginal premiums over port cities due to internal transit costs.
Eastern Regional Hub: Kolkata continues to serve as the primary pricing benchmark for Eastern and North-Eastern India.
Primary Drivers Behind Today’s Price Surge
Global Spot Market Trends: International gold and silver spot prices on the COMEX and LBMA recorded gains, directly lifting Indian domestic rates.
Currency Movements (USD/INR): Exchange rate shifts between the Indian Rupee and the US Dollar impact landed import costs. A softer rupee increases import costs, pushing domestic gold rates upward.
Geopolitical and Economic Factors: Macroeconomic uncertainties, policy rate discussions by major central banks, and safe-haven demand continue to drive global institutional capital into physical precious metals.
Industrial Demand for Silver: Strong demand from manufacturing sectors, particularly solar energy and electric components, continues to support silver prices alongside gold’s momentum.
How to Calculate Final Retail Jewellery Prices with Taxes
When purchasing gold jewellery from retail showrooms in India, the final invoice total includes the base gold value, craftsman making charges, and statutory GST.
Invoice Formula:
Where:
- Base Metal Price = Weight (grams) X Today’s Rate per Gram
- GST{Gold} = Base Metal Price} X 0.03
- GST{Making} = Making Charges X 0.05
Comparison: Physical Bullion vs. Financial Gold Investments
Investors can choose between physical ownership and paper gold products depending on their goals, storage preferences, and horizon:
Physical Gold & Silver (Coins, Bars, Jewellery):
Provides direct ownership and utility for personal wear.
Incurs making charges and storage requirements, alongside a 3% entry GST.
Gold & Silver Exchange-Traded Funds (ETFs):
Traded on stock exchanges and backed by physical bullion.
Eliminates making charges and storage concerns while offering high liquidity.
Digital Gold:
Allows small fractional purchases starting from ₹100, held in secure vaults on behalf of the buyer.
Subject to 3% GST upon entry.
Sovereign Gold Bonds (SGBs):
Issued by the Reserve Bank of India on behalf of the Government.
Offers periodic interest payouts along with market-linked capital appreciation, with complete capital gains tax exemption upon maturity.
Essential Checklist for Retail Gold Buyers
Verify BIS Hallmarking and HUID: Ensure every jewellery item bears the Bureau of Indian Standards (BIS) mark along with a 6-digit alphanumeric Hallmark Unique Identification (HUID) code.
24K999for 24 Karat Pure Gold22K916for 22 Karat Gold18K750for 18 Karat Gold
Check Daily Rates: Always cross-verify the prevailing daily rate before negotiating making charges at retail outlets.
Review Making Charges: Compare making charges across showrooms, as rates can vary between 8% and 25%+ depending on design complexity.
Obtain an Itemized Bill: Always demand a tax invoice listing the net metal weight, exact purity grade, HUID number, breakdown of making charges, and applicable GST.
Disclaimer: We collect these market rates from different news channels and local trade updates just to share information. Please do not take this as financial or investment advice. Gold and silver prices change fast every day because of market shifts and local tax rules. We strictly recommend checking the live current rates in your city and talking to a financial expert before buying anything.