I watched the bullion market Gold and Silver Price on Thursday, 24 September 2026 and saw small falls in prices across big cities. These drops followed market moves changes in the US Dollar index and new macroeconomic signals. Even though people in India still buy gold and silver for festive season preparations and for portfolio hedging the spot prices for gold and silver fell a little in major trading hubs.
In West Bengals capital, Kolkata I saw 24‑karat gold, which is 99.9% pure trade at ₹15,268 per gram. This was a drop of ₹152 per gram compared to yesterday. Silver prices in Kolkata stayed near ₹245 per gram (₹2,45,000, per kilogram). Fell ₹5,000 per kilogram because traders worldwide were booking profits.
Kolkata Gold and Silver Price Market Overview: Key Price Levels
In Kolkata, precious metal prices serve as a benchmark for Eastern India’s retail jewellery industry and trade settlements. The detailed breakdown of gold and silver rates across purities for 24 September 2026 is as follows:
Kolkata Gold Rate Breakdown (per Gram and per 10 Grams)
24K Gold (99.9% Purity – Fine Gold Bar):
Per Gram: ₹15,268 (Down by ₹152)
Per 10 Grams: ₹1,52,680 (Down by ₹1,520)
22K Gold (91.6% Purity – Standard Jewellery Gold):
Per Gram: ₹13,995 (Down by ₹140)
Per 10 Grams: ₹1,39,950 (Down by ₹1,400)
18K Gold (75.0% Purity – Diamond & Gemstone Jewellery):
Per Gram: ₹11,451 (Down by ₹114)
Per 10 Grams: ₹1,14,510 (Down by ₹1,140)
Kolkata Silver Rate Breakdown
Per Gram: ₹245 (Down by ₹5)
Per 10 Grams: ₹2,450
Per 100 Grams: ₹24,500
Per Kilogram (1 kg Industrial Bar): ₹2,45,000 (Down by ₹5,000)
State-Wise and City-Wise Gold and Silver Rates in India
Gold prices across Indian states and union territories vary due to local transport logistics, state octroi taxes, local bullion association levies, and supply chain dynamics. Below is the state-by-state price matrix for 24K, 22K, and 18K gold alongside silver rates per kilogram as of 24 September 2026:
| State / Major Region | Primary City Hub | 24K Gold (₹/1g) | 22K Gold (₹/1g) | 18K Gold (₹/1g) | Silver Rate (₹/kg) |
| West Bengal | Kolkata | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,45,000 |
| Maharashtra | Mumbai | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,45,000 |
| Delhi NCR | New Delhi | ₹15,283 | ₹14,010 | ₹11,466 | ₹2,45,000 |
| Tamil Nadu | Chennai | ₹15,419 | ₹14,134 | ₹11,904 | ₹2,55,000 |
| Karnataka | Bengaluru | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,45,000 |
| Telangana | Hyderabad | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,55,000 |
| Kerala | Kochi / TVM | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,45,000 |
| Gujarat | Ahmedabad | ₹15,273 | ₹14,000 | ₹11,456 | ₹2,45,000 |
| Rajasthan | Jaipur | ₹15,283 | ₹14,010 | ₹11,466 | ₹2,45,000 |
| Uttar Pradesh | Lucknow | ₹15,283 | ₹14,010 | ₹11,466 | ₹2,45,000 |
| Bihar | Patna | ₹15,273 | ₹14,000 | ₹11,456 | ₹2,45,000 |
| Odisha | Bhubaneswar | ₹15,268 | ₹13,995 | ₹11,451 | ₹2,45,000 |
Key Takeaways from Regional Price Differences:
Tamil Nadu (Chennai) Premium: Gold in Chennai and southern industrial clusters continues to trade at a premium compared to Mumbai and Kolkata. Higher local consumption, local dealer margins, and state-level freight charges contribute to higher retail quotes.
Northern Markets (Delhi, Lucknow, Jaipur): Rates in Delhi, Jaipur, and Lucknow reflect a slight premium over Mumbai/Kolkata baseline prices owing to regional transport costs and local hallmarking logistics.
Western & Eastern Parity: Cities like Mumbai, Pune, Kolkata, and Bhubaneswar maintain close price parity due to high liquidity and organized port import hubs.
Fundamental Analysis: Macroeconomic Drivers Influencing Precious Metals
Precious metal valuation in India is controlled by a mix of financial signals and local policy structures. The recent changes in prices are influenced by four economic factors:
A. US Dollar Index and Global Treasury Yields
Gold is priced in US Dollars around the world. When the US Dollar Index goes up against major currencies gold becomes more expensive for people from other countries, which reduces their interest in buying it. This can cause global prices to go down. A slight increase in bond rates has led to some selling of metals on exchanges around the world.
B. Geopolitical Tension and Safe-Haven Investments
Even though there have been drops in price gold is still near record high levels because of ongoing global uncertainty. Central banks in developing countries keep adding gold to their reserves. This helps support the price of gold and stops it from falling much during market crashes.
C. Indian Rupee and US Dollar Relationship
India gets than 80% of its gold from outside the country. This means the exchange rate between the Rupee and the US Dollar affects how much gold costs in India. When the price of gold drops globally if the Indian Rupee gets weaker it makes gold more expensive in India. This keeps prices high.
D. Industrial and Green-Tech Demand for Silver
Silver is different from gold because it is used a lot in industry. More than half of the world’s silver is used in things like panels, electric car parts, electronics and 5G networks. Silver went up by 5 to 7% this year but now it has gone down a bit. In Kolkata the price is now ₹245, per gram.
Gold Purity Guide: Understanding 24K, 22K, and 18K Options
Before purchasing bullion, retail consumers and investors must understand how caratage impacts both purity and structural durability:
24K Gold (999 Purity): The purest commercial form of gold available. It is soft and malleable, making it unsuitable for intricate gem-studded jewellery but ideal for investment bars, coins, and Sovereign Gold Bonds (SGBs).
22K Gold (916 Hallmarked): Standard choice for traditional Indian bridal jewellery. Blended with 8.4% alloy metals to impart structural strength while preserving rich yellow luster.
18K Gold (750 Hallmarked): Formulated with 25% alloy metals to maximize durability. It provides the mechanical strength needed to hold diamonds, emeralds, and sapphires securely.
Consumer Checklist: Smart Gold & Silver Buying Guidelines
To safeguard capital when buying gold or silver in India consumers should follow these consumer protection practices carefully.
Mandatory BIS Hallmarking (HUID): Always check that the jewellery has the Bureau of Indian Standards (BIS) hallmark logo. Alongside this look for the 6-digit alphanumeric Hallmark Unique Identification (HUID) code stamped on the metal. This ensures the purity of the gold or silver.
Separate Making. Wastage: Make sure the tax invoice clearly separates the cost of pure gold from the making charges and wastage percentages. Making charges can vary between 8% and 25% depending on the design complexity. This helps you understand what you are paying for.
Verify GST Breakdown: Remember that standard retail purchases in India include 3% Goods and Services Tax (GST), on the value. This includes both the gold price and the making charges. Check the invoice to confirm the GST is correctly calculated.
Insist on Net Weight Billing: If the jewellery includes gemstones, diamonds or decorative beads ensure they are weighed and billed separately. You should only pay for the weight of pure gold, not the gross weight. This prevents overcharging for -gold components.
Check Digital Payment & Buyback Policy: Buy from established jewelers who offer transparent buyback guarantees. These guarantees should be based on the prevailing market board rates. Also ensure digital payments are used and confirm the return or buyback policy before making the purchase.
Investment Outlook: Physical Metal vs. Paper Gold Strategies
For investors analyzing asset allocation models, choosing between physical metal and financial derivatives depends on investment horizon and liquidity needs:
Physical Gold (Coins & Bars): Preferred by retail households seeking tangible security. It carries no counterparty risk but involves storage, insurance, and making/melting charges upon liquidation.
Gold ETFs & Mutual Funds: Offer high liquidity, zero making charges, and direct tracking of domestic spot prices. Ideal for short-to-medium-term portfolio diversification on stock exchanges.
Sovereign Gold Bonds (SGBs): Excellent long-term vehicles offering annual interest payouts alongside capital appreciation linked to gold prices, with tax exemptions upon maturity for individual investors.
Silver Accumulation: Due to higher volatility and industrial exposure, silver acts as a tactical asset. Dollar-cost averaging (DCA) during minor market pullbacks allows investors to build strategic exposure to long-term industrial energy transition themes.
Final Summary Table: Today’s Kolkata Bullion Rates
____________________________________________________________________________________ Asset Type Purity Level Price Today (24 Sep 2026) Session Change ____________________________________________________________________________________ Gold (24K) 99.9% Pure ₹15,268 / gram - ₹152 Gold (22K) 91.6% Pure ₹13,995 / gram - ₹140 Gold (18K) 75.0% Pure ₹11,451 / gram - ₹114 Silver (1 Gram) Fine Silver ₹245 / gram - ₹5 Silver (1 Kg) Industrial Bar ₹2,45,000 / kg - ₹5,000 ____________________________________________________________________________________
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.