Gold and Silver Price Today: State-Wise Analysis and Market Outlook for August 01, 2026

Gold and silver prices in India are staying the same with changes today. In Kolkata gold prices went up by ₹1 per gram for all types while silver went down a little because of changes in the world prices.

If you want to buy gold as something to keep for a time or you are getting gold items for the coming festival time or for a wedding it is important to watch how the prices change each day. Knowing the costs for 24K, 22K and 18K gold and also the silver trends can help you decide better when you buy.

Here is a full look at todays metal prices in Kolkata a comparison of prices in different big cities, across the country and the main reasons that are causing the prices of gold and silver to move.

Kolkata Gold and Silver Price Market Update: Purity & Rate Breakdown

Gold rates in Kolkata moved up by ₹1 per gram today, bringing stability to local trade across key retail hubs like Bowbazar and Burrabazar.

24 Karat Gold (99.9% Purity)

24K gold is pure gold used primarily for investment products such as gold coins, minted bars, and digital gold.

• Per Gram: ₹14,461 (Up by ₹1)

• Per 10 Grams: ₹1,44,610 (Up by ₹10)

• Per 100 Grams: ₹14,46,100 (Up by ₹100)

22 Karat Gold (91.6% Purity / 916 Hallmark)

22K gold is blended with durable alloys like copper or silver to give it strength, making it the standard choice for traditional Indian jewelry.

• Per Gram: ₹13,256 (Up by ₹1)

• Per 10 Grams: ₹1,32,560 (Up by ₹10)

• Per 100 Grams: ₹13,25,600 (Up by ₹100)

18 Karat Gold (75.0% Purity)

18K gold offers enhanced structural strength, making it ideal for modern, lightweight, and stone-studded jewelry designs.

• Per Gram: ₹10,846 (Up by ₹1)

• Per 10 Grams: ₹1,08,460 (Up by ₹10)

• Per 100 Grams: ₹10,84,600 (Up by ₹100)

Kolkata Silver Market Update: Daily Rate Shift

Silver rates in Kolkata tend to move alongside gold prices due to shared safe-haven appeal and industrial demand. Today, silver in Kolkata recorded a minor dip:

• Per Gram: ₹234.90 (Down by ₹0.10)

• Per 10 Grams: ₹2,349.00 (Down by ₹1.00)

• Per Kilogram (1000g): ₹2,34,900.00 (Down by ₹100)

Despite minor daily dips, silver prices have gained roughly 5% to 7% since the start of the year, backed by strong international demand and industrial utility in electronics and green tech.

State-Wise & Metro City Price Comparison

Gold and silver prices differ across Indian states due to varying transport costs, local taxation, octroi charges, and regional jewelers’ association standards.

Major Metro Cities Rate Comparison Table

Regional State Market Insights

1. West Bengal (Kolkata Center)

Kolkata is Eastern India’s main trading center for artisan-crafted gold jewelry. Today’s slight uptick of ₹1 per gram keeps local sentiment steady as buyers begin preparing for early festive orders.

2. Maharashtra (Mumbai Wholesale Market)

Mumbai acts as the primary hub for physical bullion imports in Western India. Local prices closely mirror Multi Commodity Exchange (MCX) futures and international COMEX trends.

3. Delhi & National Capital Region

Delhi’s bullion trade is driven by institutional buyers and high-volume wholesale markets, keeping retail rates competitive across northern states.

4. Southern States (Chennai, Bengaluru, Hyderabad)

Southern India represents the largest consumer base for retail gold jewelry in the country. Rates in cities like Chennai and Bengaluru reflect steady retail demand and local logistics costs.

Main Economic Drivers Behind Gold & Silver Prices

Precious metal rates are influenced by several key international and domestic factors:

1. Currency Movements (USD vs INR): India imports most of its gold and silver. A weaker Indian Rupee raises import costs, driving up domestic bullion rates.

2. Global Interest Rate Outlook: Policies set by central banks, including the US Federal Reserve, affect precious metal movements. Lower yields often make non-yielding gold more appealing to investors.

3. Geopolitical Uncertainty: Global trade shifts or geopolitical tensions prompt institutional investors to move funds into physical gold as a safe-haven asset.

4. Local Taxes & Duties: Retail prices include basic customs duties, state levies, making charges, and a flat 3% Goods and Services Tax (GST) applied at billing.

Gold Purity Guide: 24K vs 22K vs 18K

Choosing the right purity depends on your buying goal:

• 24 Karat (99.9% Pure / 999 Hallmark): Purest gold format. Recommended for gold bars, coins, and digital investments. Not suitable for intricate jewelry due to its softness.

• 22 Karat (91.6% Pure / 916 Hallmark): Industry standard for traditional Indian ornaments, offering a balance of purity and structural strength.

• 18 Karat (75.0% Pure / 750 Hallmark): Durable alloy mixture used for modern, diamond-set, and daily-wear designer jewelry.

Essential Smart Buying Tips

Before finalizing physical gold or silver purchases:

• Check for BIS Hallmarking: Look for the official BIS triangular mark and the unique 6-digit HUID (Hallmark Unique Identification) code on the item.

• Understand Making Charges: Inquire about making charges upfront, as they can vary significantly between plain and designer jewelry.

• Calculate Final Invoice: Ensure your billing formula matches: (Weight in grams × Daily Rate) + Making Charges + 3% GST.

While daily price fluctuations are common, physical gold and silver remain reliable long-term tools for wealth preservation and hedging against currency inflation.

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.