After weeks of strong upward momentum, precious metals across Eastern India saw a brief cooling period Gold and Silver Price on Friday, July 24, 2026. A round of quick profit-booking in international spot markets pushed local benchmark rates down across all purity grades.
In Kolkata—one of the country’s primary trading hubs—24 Karat pure gold slipped by ₹185 per gram to settle at ₹14,433. Meanwhile, 22 Karat jewelry gold fell by ₹170 to reach ₹13,230 per gram, giving festive and wedding shoppers a brief breather.
Executive Summary & Key Highlights
Kolkata 24K Gold Rate: Drops by ₹185/g to stand at ₹14,433 per gram (99.9% Purity).
Kolkata 22K Gold Rate: Down by ₹170/g to stand at ₹13,230 per gram (91.6% Purity).
Kolkata 18K Gold Rate: Down by ₹139/g to stand at ₹10,825 per gram (75.0% Purity).
Kolkata Silver Rate: Drops by ₹5/g to ₹235 per gram and by ₹5,000/kg to ₹2,35,000 per kg.
YTD Return: Silver maintains strong 5% to 7% gains since the start of 2026 despite short-term pullbacks.
Gold and Silver Price Today Kolkata Spot Rates: Break Down by Purity
For buyers hitting markets like Bowbazar or Burrabazar today, here is where physical rates stand:
24 Karat Gold (99.9% Pure): Down ₹185, now selling at ₹14,433 per gram.
22 Karat Gold (91.6% Standard Bridal): Dropped ₹170 to touch ₹13,230 per gram.
18 Karat Gold (75.0% Diamond Settings): Reduced by ₹139, currently at ₹10,825 per gram.
Silver Pulls Back
Silver followed suit with a ₹5 per gram dip. A full kilogram bar in Kolkata now costs ₹2,35,000 (down ₹5,000 from yesterday). Despite this drop, industrial demand from solar manufacturing and EV components continues to keep a strong floor under silver prices this year.
City-Wise Bullion Comparison (July 24, 2026)
Prices vary across state borders due to freight costs, regional logistics, and local jeweller association updates:
| State / Hub | City | 24K Gold (₹/g) | 22K Gold (₹/g) | Silver (₹/kg) |
| West Bengal | Kolkata | ₹14,433 | ₹13,230 | ₹2,35,000 |
| Maharashtra | Mumbai | ₹14,418 | ₹13,215 | ₹2,34,500 |
| Delhi NCR | New Delhi | ₹14,448 | ₹13,245 | ₹2,35,500 |
| Tamil Nadu | Chennai | ₹14,480 | ₹13,275 | ₹2,37,000 |
| Karnataka | Bengaluru | ₹14,425 | ₹13,222 | ₹2,34,800 |
| Telangana | Hyderabad | ₹14,420 | ₹13,218 | ₹2,36,500 |
| Gujarat | Ahmedabad | ₹14,428 | ₹13,225 | ₹2,35,200 |
| Rajasthan | Jaipur | ₹14,440 | ₹13,238 | ₹2,35,800 |
| Kerala | Kochi / Trivandrum | ₹14,415 | ₹13,210 | ₹2,36,000 |
Regional Highlights
Southern Markets: Chennai continues to lead with a slight premium on both gold (₹14,480/g) and silver (₹2,37,000/kg) thanks to strong local retail demand.
Western Ports: Mumbai and Ahmedabad remain slightly cheaper due to direct import channels.
Northern Hubs: Delhi NCR and Jaipur hold slightly higher quotes to account for inland transport costs from western ports.
What Caused Today’s Price Drop?
Global Profit Booking: Traders on global exchanges (COMEX/LBMA) locked in profits after weeks of continuous price gains.
Dollar Index Gains: A slight bump in the US Dollar Index made dollar-priced metals costlier for international buyers, trimming spot prices.
Domestic Rupee Support: A stable Indian Rupee helped absorb some of the global volatility, preventing a steeper drop in local showroom prices.
How Store Billing Works Today
When you buy jewelry, the final price tag includes making charges and GST on top of the base gold rate:
Example Calculation: Buying 10g of 22K Gold in Kolkata
Raw Gold Cost (10g @ ₹13,230/g): ₹1,32,300
Making Charges (e.g., 10%): ₹13,230
Subtotal: ₹1,45,530
GST (3% on subtotal): ₹4,365.90
Total Amount Payable: ₹1,49,895.90
Options for Gold Investors
Depending on whether you want wearable jewelry or pure financial returns, your choices differ significantly:
| Vehicle | Storage / Risk | Making Charges | Tax Perks |
| Physical Jewelry | Needs locker; risk of design wear | 8% to 25% extra | 3% GST; no tax perks |
| Gold Coins/Bars | Easy vaulting; 999 pure | Minimal / None | 3% GST |
| Sovereign Gold Bonds (SGB) | Zero risk (digital) | None | 2.5% annual interest; tax-free on maturity |
| Gold ETFs / Mutual Funds | Held in Demat account | None (only minor expense ratio) | Standard capital gains tax rules |
Hallmark Rules & Tax Basics
Check the HUID: Don’t buy gold without a 6-digit alphanumeric HUID stamp next to the triangular BIS mark and purity grade (e.g., 22K916). You can verify this using the official BIS Care app.
Cash Limits & Taxes: Cash purchases over ₹2 lakh attract 1% TCS. If you sell physical gold after holding it for more than 24 months, long-term capital gains (LTCG) tax applies at 12.5%.
Bottomline for Buyers
If you have upcoming weddings or family events, today’s ₹185 per gram dip offers a decent window to block rates or book partial orders with your jeweler before prices move again.
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.