Gold and silver prices stayed on an upward track across Indian markets on Thursday, July 23. Local demand remains strong despite high rates, while international market signals and currency movements continue to push physical metal prices higher.
In major cities like Kolkata, Mumbai, Delhi, and Chennai, rates saw small upward adjustments today. Buyers and jewellers are keeping a close eye on these daily rate shifts before making big purchase decisions.
Gold and Silver Price Today Kolkata Bullion Snapshot Overview
| Purity Bracket | Today’s Price (/g) | Daily Change | Purity (%) | 10g Value (₹) |
| 24K Gold (Pure) | ₹14,652 | +₹1 | 99.9% | ₹1,46,520 |
| 22K Gold (Standard) | ₹13,431 | +₹1 | 91.6% | ₹1,34,310 |
| 18K Gold (Jewelry) | ₹10,989 | +₹1 | 75.0% | ₹1,09,890 |
| Silver (Per Gram) | ₹240.10 | +₹0.10 | 99.9% | ₹2,401 |
| Silver (Per Kg) | ₹2,35,100 | +₹100 | 99.9% | ₹2,35,100 |
Key Market Takeaways
- Gold Purity Spread: 24K pure gold maintains a ₹1,221/g premium over 22K standard gold, while 18K gold offers a lower entry barrier for lightweight and stone-studded jewelry.
- Silver Movement: Silver tracked gold’s modest upward uptick (+₹0.10/g), holding firm above ₹2.35 Lakh per kilogram in local spot markets.
Kolkata Spot Rates: What Local Buyers Are Paying Today
Down in Kolkata’s prominent bullion pockets—such as Bowbazar, Burrabazar, and Gariahat—retail rates stayed firm, inching up by ₹1 per gram over yesterday’s close.
Ground-Level Gold Rates in Kolkata
24 Karat Gold (99.9% Fine): Currently trading at ₹14,652 per gram.
10 Grams (1 Tola): ₹1,46,520
100 Grams: ₹14,65,200
22 Karat Gold (91.6% Standard Bridal Grade): Standing at ₹13,431 per gram.
10 Grams: ₹1,34,310
100 Grams: ₹13,43,100
18 Karat Gold (75.0% Modern/Diamond Wear): Quoted at ₹10,989 per gram.
10 Grams: ₹1,09,890
100 Grams: ₹10,98,900
Local Silver Prices
Silver in West Bengal moved up in tandem with gold, adding ₹0.10 per gram (or ₹100 on a full kilogram).
Per Gram: ₹240.10
Per 10 Grams: ₹2,401.00
Per Kilogram: ₹2,40,100.00
State-Wise Rate Comparison (July 23, 2026)
Keep in mind that bullion pricing isn’t uniform nationwide. Variations crop up due to freight costs, local entry levies, regional jeweller association benchmarks, and localized physical demand:
Regional Price Trends Explained
North India (Delhi, UP, Rajasthan): Rates in Delhi, Jaipur, and Lucknow usually sit slightly higher at ₹14,657/g (24K) because of extra inland transportation costs from coastal port entries.
South India (Tamil Nadu, Kerala, AP, Telangana): The southern states lead the country in per-capita bullion consumption. While 24K and 22K gold rates in Chennai and Hyderabad mirror Mumbai levels, silver in Chennai and Kerala carries a noticeable premium—touching ₹2,45,100/kg compared to ₹2,40,100/kg elsewhere.
West & East (Mumbai, Gujarat, Kolkata): Being major import points and refining hubs, Mumbai and Gujarat maintain competitive wholesale bases. Kolkata acts as the central hub for Eastern India, keeping retail margins tight to match national spot benchmarks.
What’s Driving the Market Momentum?
Global Macro & Federal Reserve Outlook: Indian gold moves hand-in-hand with COMEX and LBMA trends. Institutional funds continue leaning into gold as global interest rate expectations shift.
Dollar vs Rupee Dynamics: Because India relies heavily on imported metal, any weakening of the Indian Rupee raises the landed cost, keeping domestic retail rates supported even when international prices move sideways.
Industrial Demand Boosting Silver: Over half of global silver usage now goes directly into industrial sectors like solar photovoltaics, EV components, and 5G tech. This steady structural demand keeps physical silver tight, holding prices firm above ₹2.40 lakh per kg.
Understanding Your Final Showroom Invoice
When you step into a jewelry showroom, the displayed rate per gram is just the starting point. Here is how store managers calculate your final bill:
Sample Bill for 10 Grams of 22K Gold in Kolkata:
Raw Gold Value (10g @ ₹13,431/g): ₹1,34,310
Making Charges (Assuming 12%): ₹16,117
Sub-Total: ₹1,50,427
GST (3% on total): ₹4,513
Total Out-of-Pocket Cost: ₹1,54,940
Quick Checklist for Jewelry Buyers
Look for the HUID Stamp: Make sure every piece has the 6-digit alphanumeric HUID code alongside the official BIS Hallmark.
Match Purity Codes: Look for 916 (for 22K), 750 (for 18K), or 999 (for 24K) stamped directly on the metal.
Negotiate Making Charges: Making charges run anywhere from 8% to 25% depending on how intricate the design is. Don’t hesitate to negotiate or ask for flat making rates during festivals.
Get Itemized Receipts: Ensure your bill clearly separates raw metal value, making charges, and GST. This makes life much easier whenever you decide to exchange or sell the gold down the line.
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.