Gold and Silver Price Today precious metals market continues to experience significant price adjustments driven by macroeconomic shifts, currency fluctuations, and international trade dynamics. Gold and silver prices in major Indian hubs, particularly Kolkata, have recorded slight downward adjustments following extended rallies across global exchanges.
Gold and Silver Price Kolkata Bullion Market Overview
In Kolkata, gold prices dropped slightly today across all major purity levels.
Kolkata Gold Prices Breakdown
24 Karat Gold (99.9% Purity): Priced at ₹14,351 per gram (down by ₹66). This brings 10 grams of 24K gold to ₹1,43,510.
22 Karat Gold (91.6% Purity): Priced at ₹13,155 per gram (down by ₹60). This brings 10 grams of 22K gold to ₹1,31,550.
18 Karat Gold (75.0% Purity): Priced at ₹10,763 per gram (down by ₹50). This brings 10 grams of 18K gold to ₹1,07,630.
Kolkata Silver Prices Breakdown
Silver prices in Kolkata followed a similar consolidation path, remaining tied closely to international momentum:
Per Gram: ₹234.90 (down by ₹0.10).
Per Kilogram: ₹2,34,900 (down by ₹100).
Over recent months, silver has seen a broader upward trajectory, gaining between 5% and 7% since the start of the year as global demand for both industrial application and safe-haven holding remained firm.
State-Wise and Major Metro City Details
Precious metal prices vary across states and union territories due to localized factors, including local transportation costs, state levies, octroi taxes, and regional jewelers’ association fixes. Below is a detailed breakdown of 24K, 22K, 18K gold, and silver rates across major metropolitan centers in key Indian states.
Comparative Table: Metro City Rates Today
| City / State | 24K Gold (/10g) | 22K Gold (/10g) | 18K Gold (/10g) | Silver (/kg) |
| Kolkata (West Bengal) | ₹1,43,510 | ₹1,31,550 | ₹1,07,630 | ₹2,34,900 |
| Chennai (Tamil Nadu) | ₹1,44,150 | ₹1,32,140 | ₹11,029 per gram | ₹2,36,720 |
| Mumbai (Maharashtra) | ₹1,44,160 | ₹1,32,140 | ₹10,812 per gram | ₹2,35,090 |
| Delhi (National Capital) | ₹1,44,310 | ₹1,32,290 | ₹10,827 per gram | ₹2,34,720 |
| Bengaluru (Karnataka) | ₹1,44,160 | ₹1,32,140 | ₹10,812 per gram | ₹2,35,260 |
| Hyderabad (Telangana) | ₹1,44,160 | ₹1,32,140 | ₹10,812 per gram | ₹2,35,430 |
Detailed State-Wise Analysis
West Bengal (Kolkata Market Focus)
West Bengal remains one of the largest hubs for traditional handcrafted jewelry production in Eastern India. The slight dip in 24K gold to ₹14,351 per gram provides relief for consumers planning purchases for upcoming festive and wedding seasons. Local retail jewelry demand generally picks up when prices consolidate after reaching record highs.
Tamil Nadu & Southern States (Chennai, Bengaluru, Hyderabad)
Southern Indian states historically lead national retail gold consumption. Chennai continues to report slightly higher gold and silver prices compared to other metros due to local transport logistics and distinct regional pricing mechanisms. 18K gold in Chennai stands at ₹11,029 per gram, reflecting elevated local demand for gem-studded and lightweight designer ornaments.
Maharashtra (Mumbai Market Hub)
As the primary trading destination for India’s wholesale bullion, Mumbai’s rates closely track global COMEX prices and domestic MCX movements. Prices in Mumbai for 24K gold stand at ₹14,416 per gram, serving as a benchmark for surrounding western regions including Pune, Ahmedabad, and Vadodara.
Delhi NCR
In the national capital region, 24K gold is hovering around ₹14,431 per gram. Delhi’s market is largely driven by institutional buying, large bullion trading houses, and seasonal wedding demand across northern states.
Key Drivers Behind Bullion Price Movements
Understanding why gold and silver prices move helps investors determine optimal entry points:
Global Macroeconomic Indicators: US Federal Reserve interest rate policy decisions and global inflation data directly impact international spot prices.
Geopolitical Tensions: Conflicts and trade disruptions boost safe-haven demand, driving investors toward physical gold and silver.
Rupee vs. US Dollar Dynamics: Because India imports the vast majority of its gold and silver supply, any depreciation of the Indian Rupee makes bullion imports costlier domestically.
Import Duties and Taxes: Domestic prices include national import tariffs and a standard 3% Goods and Services Tax (GST), alongside localized making charges applied by individual retailers.
Buyer’s Guide: Understanding Gold Purities
When purchasing gold for consumption or investment, choosing the right purity level is essential:
24 Karat (99.9% Pure): Marked as 999. Best suited for gold coins, minted bars, and digital gold. It is softer and not recommended for intricate daily wear jewelry.
22 Karat (91.6% Pure): Marked as 916. Mixed with durable metals like copper or silver to add strength. It is the industry standard for traditional Indian jewelry.
18 Karat (75.0% Pure): Marked as 750. Contains a higher alloy percentage, offering superior structural strength. It is ideal for modern, lightweight, and stone-studded jewelry.
Market Outlook for Investors
Investors should weigh their allocation between physical gold, silver, and digital gold instruments. While short-term pullbacks like today’s ₹66 drop in Kolkata’s 24K gold rates reflect routine market consolidation, precious metals maintain a strong long-term role as portfolio hedges against currency depreciation and market volatility.
Consumers planning retail purchases are advised to track daily rate updates, verify BIS Hallmark certifications on purchases, and compare local making charges before finalizing transactions.
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.