Gold and Silver Price Today, October 2 2026: Gold prices stayed strong in Kolkata on Friday. The latest local standard showed 24-karat gold at ₹15,028 per gram. 22-Karat gold was at ₹13,775 per gram. 18-Karat gold was at ₹11,271 per gram. The latest rates show a rise from the previous numbers. 24-Karat gold went up by ₹104 per gram. 22-Karat gold went up by ₹95 per gram. 18-Karat gold went up by ₹78 per gram.
Silver was quoted at about ₹235 per gram or ₹2,35,000 per kilogram in Kolkata. The overall standard data also shows silver at this level in many important Indian markets. However Chennai, Hyderabad and Kerala are offering higher prices of ₹2.40 lakh per kg.
The recent changes happened after an end to September and the start of October. Gold dropped a lot in the few days of September. Then it came back on October 1 and October 2. International gold prices also faced pressure because the US dollar was strong. Also US Treasury rates were high. However worries about events still supported the demand for safe investments. Reuters said on October 2 that spot gold was about $4,184.45 per ounce. US gold futures were $4,214.70.
For customers the main price for gold is not the final price for jewellery. GST, the cost of making, losses during production and extra charges, from jewelers can all add to the amount paid when buying.
Gold and Silver Price in Kolkata Today: October 2, 2026
According to the Kolkata figures provided for October 2, the latest rates are:
| Gold Purity | Price Per Gram | Approx. Price Per 10 Grams | Daily Increase |
|---|---|---|---|
| 24K Gold | ₹15,028 | ₹1,50,280 | +₹104/g |
| 22K Gold | ₹13,775 | ₹1,37,750 | +₹95/g |
| 18K Gold | ₹11,271 | ₹1,12,710 | +₹78/g |
The 24K price represents gold of approximately 99.9% purity. Twenty-two-karat gold contains about 91.6% gold, while 18K gold contains approximately 75% gold.
The figures indicate that the rise has occurred across all three major purity categories rather than being limited to investment-grade 24K gold.
However, the official GoodReturns India-wide benchmark on October 2 was lower at ₹14,924/g for 24K, ₹13,680/g for 22K and ₹11,193/g for 18K. GoodReturns’ city table shows Kolkata at those benchmark levels in its broader national listing.
This difference is important because bullion prices can vary depending on the update time and the pricing source. A jeweller’s live quote can also differ from a website’s indicative rate.
Kolkata Gold Price Today: Why Has Gold Increased?
The increase in gold prices happened after an unpredictable time for precious metals.
GoodReturns latest data shows that the India-wide 24K gold benchmark was ₹15,420 per gram on September 23 dropped to ₹15,017 on September 28 fell again to ₹14,880 on September 29 went up to ₹14,957 on September 30 and was at ₹14,924 on October 2 in its benchmark.
This shows how fast the prices have been moving.
Globally gold has been influenced by the movement of the US dollar Treasury yields, expectations about US money policy and changes in world events.
Reuters said on October 2 that gold was on track for a straight week of losses with a stronger US dollar and higher Treasury yields pushing the metal down. The report said US Treasury yields had hit their point since 2002 making non-yielding gold less appealing.
At the time uncertainty, in the world can help gold because people often turn to precious metals as a safe place to keep their money when things are not clear.
The end result is a market where both positive and negative forces are happening at the time.
24K Gold Price in Kolkata
At the supplied Kolkata rate of ₹15,028 per gram, 10 grams of 24K gold would have a basic metal value of approximately ₹1,50,280.
A buyer purchasing 20 grams would therefore have a basic gold value of around ₹3,00,560, before taxes and other charges.
For 100 grams, the corresponding metal value would be around ₹15.028 lakh.
However, these calculations should not be interpreted as the final jewellery bill. The actual price of a gold ornament depends on its design, making charges, wastage and applicable taxes.
GoodReturns also specifically describes its displayed rates as indicative and excludes GST, TCS and other levies from the headline bullion price.
22K Gold Price in Kolkata
The latest Kolkata 22K gold rate supplied is ₹13,775 per gram.
That translates into approximately:
- 1 gram: ₹13,775
- 8 grams: ₹1,10,200
- 10 grams: ₹1,37,750
- 20 grams: ₹2,75,500
- 100 grams: ₹13,77,500
Twenty-two-karat gold is particularly important for jewellery buyers because it offers a high gold content while being harder than 24K gold.
Traditional Indian jewellery is frequently made using 22K gold, although the exact purity can differ depending on the product.
18K Gold Price in Kolkata
The latest 18K gold price in Kolkata is ₹11,271 per gram.
At this rate, 10 grams has a basic metal value of approximately ₹1,12,710.
Eighteen-karat gold contains around 75% pure gold, with the balance consisting of other metals. This additional metal content makes 18K gold more suitable for certain contemporary jewellery designs and gemstone settings.
Consumers should therefore compare gold purity before comparing prices. A lower per-gram rate does not necessarily mean that two jewellery products contain the same amount of pure gold.
Silver Rate Today in Kolkata
Silver prices have also moved lower compared with the previous session.
The latest Kolkata benchmark is approximately ₹235 per gram, equivalent to ₹2,35,000 per kilogram.
GoodReturns’ Kolkata page currently shows ₹234.90 per gram and ₹2,34,900 per kilogram, down marginally from ₹235 per gram and ₹2,35,000 per kg on October 1.
The broader Indian silver benchmark is ₹235 per gram or ₹2,35,000 per kg. Silver was down ₹5 per gram, or ₹5,000 per kg, from the previous benchmark.
This means that while gold has recovered in the latest Kolkata data, silver has moved in the opposite direction on a day-to-day basis.
Silver Price in Kolkata: September Trend
Kolkata silver prices have experienced significant volatility over the past several months.
GoodReturns’ historical data shows that Kolkata silver began September at ₹2,50,000 per kg and ended September at ₹2,40,000 per kg, representing a monthly decline of approximately 4%. The month’s highest rate was ₹2,55,000 per kg, while the lowest was ₹2,40,000 per kg.
Silver had been substantially higher earlier in the year. Kolkata’s June 1 rate was ₹2,80,000 per kg, compared with ₹2,34,900 on October 2.
This illustrates that the claim that silver has simply moved higher throughout the year needs to be treated carefully. Silver has seen strong rallies during 2026, but it has also experienced substantial corrections.
State-Wise Gold and Silver Price Today in India Today
Gold prices are broadly similar across major Indian cities, although small differences occur because of local market conditions, logistics and jeweller pricing.
The latest GoodReturns October 2 city-wise benchmark gives the following rates.
| State / Region | Major Market | 24K/g | 22K/g | 18K/g |
|---|---|---|---|---|
| West Bengal | Kolkata | ₹14,924* | ₹13,680* | ₹11,193* |
| Maharashtra | Mumbai | ₹14,924 | ₹13,680 | ₹11,193 |
| Delhi NCR | Delhi | ₹14,939 | ₹13,695 | ₹11,208 |
| Tamil Nadu | Chennai | ₹14,924 | ₹13,680 | ₹11,240 |
| Karnataka | Bengaluru | ₹14,923 | ₹13,679 | ₹11,192 |
| Telangana | Hyderabad | ₹14,924 | ₹13,680 | ₹11,193 |
| Kerala | Kerala | ₹14,924 | ₹13,680 | ₹11,193 |
| Maharashtra | Pune | ₹14,923 | ₹13,679 | ₹11,192 |
| Gujarat | Ahmedabad | ₹14,929 | ₹13,685 | ₹11,198 |
| Gujarat | Vadodara | ₹14,929 | ₹13,685 | ₹11,198 |
*Note: The table above uses GoodReturns’ national city benchmark. The separately supplied Kolkata local quote for this article is ₹15,028/₹13,775/₹11,271, which is higher. This difference should be disclosed rather than silently combining the two sources.
The differences are relatively small in percentage terms but can become meaningful for large purchases.
For example, a ₹100-per-gram difference amounts to ₹1,000 on 10 grams and ₹10,000 on 100 grams.
State-Wise Silver Rates in India Today
Silver also shows some regional variation.
| State / Region | Major Market | Silver/g | Silver/10g | Silver/kg |
|---|---|---|---|---|
| West Bengal | Kolkata | ₹234.90 | ₹2,349 | ₹2,34,900 |
| Maharashtra | Mumbai | ₹235 | ₹2,350 | ₹2,35,000 |
| Delhi NCR | Delhi | ₹235 | ₹2,350 | ₹2,35,000 |
| Tamil Nadu | Chennai | ₹240 | ₹2,400 | ₹2,40,000 |
| Karnataka | Bengaluru | ₹235 | ₹2,350 | ₹2,35,000 |
| Telangana | Hyderabad | ₹240 | ₹2,400 | ₹2,40,000 |
| Kerala | Kerala | ₹240 | ₹2,400 | ₹2,40,000 |
| Maharashtra | Pune | ₹234.90 | ₹2,349 | ₹2,34,900 |
| Gujarat | Ahmedabad | ₹234.90 | ₹2,349 | ₹2,34,900 |
| Gujarat | Vadodara | ₹235 | ₹2,350 | ₹2,35,000 |
The city-wise figures show that Chennai, Hyderabad and Kerala are quoting silver around ₹2.40 lakh per kg, while Kolkata, Mumbai, Delhi, Bengaluru and several other markets are around ₹2.35 lakh per kg.
Gold vs Silver: What Is Happening in the Precious Metals Market?
I notice that gold and silver often move together in the market yet they can behave differently in the short term.
Gold is mainly driven by investment demand central bank purchases, interest rate expectations, currency movements and safe‑haven demand.
Silver has both industrial characteristics. Silver is used in jewellery, electronics, industrial applications and renewable energy manufacturing.
Consequently silver can be more sensitive to expectations, about industrial activity.
September data illustrates this difference. Kolkata silver fell 4 percent over September according to GoodReturns historical series. Gold also experienced volatility during the final week of the month.
Why Gold Prices Differ From One City to Another
Gold is a globally traded commodity, but Indian consumers do not necessarily pay exactly the same price in every city.
Differences can arise because of:
- Transportation costs
- Local market premiums
- Dealer margins
- Jeweller pricing
- Inventory costs
- Timing of rate updates
- Jewellery demand
- Purity and product type
- Making charges
This is why a consumer in Kolkata may see a slightly different rate from a buyer in Mumbai, Delhi, Chennai or Bengaluru.
GoodReturns itself notes that its rates are indicative and advises consumers to check with their local jeweller for exact pricing.
How Much Gold Can You Buy for ₹1 Lakh in Kolkata?
Using the supplied Kolkata rates, ₹1 lakh would theoretically buy:
24K gold:
₹1,00,000 ÷ ₹15,028 ≈ 6.65 grams
22K gold:
₹1,00,000 ÷ ₹13,775 ≈ 7.26 grams
18K gold:
₹1,00,000 ÷ ₹11,271 ≈ 8.87 grams
These calculations represent only the underlying metal value.
If the buyer purchases jewellery, the actual quantity will be lower because the final bill can include making charges and GST.
What Buyers Should Check Before Purchasing Gold
Consumers should avoid comparing jewellery prices solely by looking at the per-gram headline rate.
Before making a purchase, buyers should check:
Purity
Verify whether the product is 24K, 22K, 18K or another purity.
Hallmark
Check the relevant hallmark and purity information on the jewellery.
Net Gold Weight
The total weight of a jewellery item may include stones or other materials. The buyer should understand the actual net gold weight.
Making Charges
Two jewellers can quote the same gold rate but produce very different final bills because of different making charges.
GST
The final invoice can include applicable GST, which is not included in the headline bullion rates displayed by many rate trackers.
Buyback Policy
Consumers purchasing jewellery for long-term ownership should also understand the jeweller’s exchange and buyback terms.
Gold Rate Today Kolkata: Key Numbers for October 2
The key figures from the supplied Kolkata rate update are:
- 24K gold: ₹15,028 per gram
- 22K gold: ₹13,775 per gram
- 18K gold: ₹11,271 per gram
- 24K gold: ₹1,50,280 per 10 grams
- 22K gold: ₹1,37,750 per 10 grams
- 18K gold: ₹1,12,710 per 10 grams
- Silver: approximately ₹235 per gram
- Silver: approximately ₹2,35,000 per kg
- 24K daily change: +₹104/g
- 22K daily change: +₹95/g
- 18K daily change: +₹78/g
For comparison, GoodReturns’ national October 2 benchmark shows 24K gold at ₹14,924/g, 22K at ₹13,680/g and 18K at ₹11,193/g.
Bottom Line
Gold prices in Kolkata remain volatile as the market enters October. The latest local figures put 24K gold at ₹15,028 per gram, 22K at ₹13,775 and 18K at ₹11,271, while silver is around ₹235 per gram or ₹2.35 lakh per kilogram.
The move comes after a sharp correction in gold during late September followed by a recovery in the first sessions of October. Internationally, a stronger US dollar and elevated Treasury yields continue to create pressure on gold, while geopolitical uncertainty provides a competing source of safe-haven demand.
Silver, meanwhile, remains considerably below some of its earlier 2026 levels. Kolkata’s silver benchmark fell from ₹2.50 lakh per kg at the beginning of September to around ₹2.35 lakh by October 2.
For consumers, the most important distinction is between the headline bullion rate and the final purchase price. Gold and silver prices can change during the day, while jewellery bills also depend on purity, making charges, taxes and jeweller-specific premiums.
Therefore, anyone planning to buy gold or silver on October 2 should verify the live rate with the jeweller before completing the transaction and compare the complete invoice rather than only the advertised per-gram rate.
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.