Precious metal markets across Eastern India, particularly in West Bengal’s capital city Kolkata, are experiencing remarkable buying momentum as investors, retail buyers, and jewelers prepare for the upcoming festive and wedding seasons. On September 16, 2026, gold and silver prices maintained a steady upward trajectory, reflecting both global macroeconomic factors and sustained domestic demand.
Today’s Precious Metal Gold and Silver Price in Kolkata
The bullion market in Kolkata opened with positive gains across all purity tiers of gold, while silver held firm at historical high levels.
Gold Rates Summary
24 Karat Gold (99.9% Purity): ₹15,344 per gram (+₹27 gain from previous session)
22 Karat Gold (91.6% Purity): ₹14,065 per gram (+₹25 gain from previous session)
18 Karat Gold (75.0% Purity): ₹11,508 per gram (+₹20 gain from previous session)
Silver Rates Summary
Silver per Gram: ₹245
Silver per Kilogram: ₹2,45,000
Detailed Breakdown of Gold Rates in Kolkata by Purity
Gold remains a central asset class for Indian households, acting as both an ornament and a financial hedge. Below is a comprehensive look at the pricing breakdown across major quantity measurements:
| Gold Purity / Karat | Price per Gram (₹) | Price per 10 Grams (₹) | Price per 100 Grams (₹) | Primary Commercial Use Case |
| 24K Gold (99.9%) | ₹15,344 | ₹1,53,440 | ₹15,34,400 | Gold coins, bullion bars, institutional investments |
| 22K Gold (91.6%) | ₹14,065 | ₹1,40,650 | ₹14,06,500 | Traditional jewelry, bridal ornaments, bank loan collateral |
| 18K Gold (75.0%) | ₹11,508 | ₹1,15,080 | ₹11,50,800 | Lightweight modern wear, diamond studded jewelry |
Silver Market Overview: Industrial & Retail Trends in Kolkata
Silver prices in Kolkata stand at ₹245 per gram and ₹2,45,000 per kilogram. Over recent months, silver has rallied strongly, backed by a 5% to 7% increase since the beginning of the year.
Key Factors Driving Silver Momentum:
Correlation with Gold: Silver rates consistently move in tandem with gold. As global gold prices climb due to geopolitical uncertainties and currency fluctuations, silver follows suit.
Industrial Demand Surge: Industrial consumption—especially in green technology, solar photovoltaics, EV battery manufacturing, and electronic components—has tightened physical silver supplies globally.
Retail Accumulation: Smaller investors are increasingly looking at silver bullion and coins as an accessible, high-upside alternative to high-priced gold.
State-Wise Comparison: Gold and Silver Rates Across Major Indian States
Precious metal pricing in India varies across states and cities due to local taxation (Octroi/entry tax), logistics costs, transportation expenses, and regional Jewellers Association supply dynamics.
| State / Union Territory | Major Commercial Hub | 24K Gold Rate (₹/10g) | 22K Gold Rate (₹/10g) | Silver Rate (₹/kg) | Price Variance Factor |
| West Bengal | Kolkata | ₹1,53,440 | ₹1,40,650 | ₹2,45,000 | Eastern hub baseline pricing |
| Maharashtra | Mumbai | ₹1,53,160 | ₹1,40,390 | ₹2,44,900 | High liquidity & port proximity |
| Delhi (NCR) | New Delhi | ₹1,53,310 | ₹1,40,540 | ₹2,44,900 | Higher freight charges & local levies |
| Tamil Nadu | Chennai | ₹1,53,160 | ₹1,40,390 | ₹2,49,900 | Extremely high physical silver demand |
| Karnataka | Bengaluru | ₹1,53,160 | ₹1,40,390 | ₹2,44,900 | Tech city retail demand stability |
| Telangana | Hyderabad | ₹1,53,160 | ₹1,40,390 | ₹2,49,900 | Regional southern premium pricing |
| Gujarat | Ahmedabad / Surat | ₹1,53,210 | ₹1,40,440 | ₹2,44,900 | Major bullion processing & trade hub |
| Kerala | Kochi / Trivandrum | ₹1,53,160 | ₹1,40,390 | ₹2,49,900 | High volume per capita consumption |
Factors Influencing Gold and Silver Rates in Kolkata
International Spot Market Rates: Indian domestic bullion prices follow international spot prices traded on COMEX and LBMA.
Currency Exchange Rates (USD/INR): Since India imports the majority of its gold and silver requirements, any weakness in the Indian Rupee raises import costs.
Import Duties & Local Taxes: Government import duties, GST (3%), and local making charges directly impact final consumer prices at retail stores.
Seasonal Domestic Demand: Festivals like Durga Puja, Dhanteras, and Diwali drive significant physical demand across West Bengal and Eastern India.
Buyer’s Guide: Smart Tips for Purchasing Precious Metals in Kolkata
Check Hallmarking (BIS Hallmark): Always verify the 6-digit HUID (Hallmark Unique Identification) number stamped on gold jewelry to ensure purity.
Understand Making Charges: Jewellers charge variable making charges (ranging from 8% to 25% depending on design intricacy). Negotiate or look for promotional festive discounts.
Differentiate Investment vs Ornamentation: For pure investment, prefer 24K digital gold, Sovereign Gold Bonds (SGBs), or certified 24K gold coins/bars rather than 22K or 18K jewelry.
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.