Gold and Silver Price Today : The Indian bullion market has been hit by a massive wave of selling as the final days of April 2026 witness a historic technical correction. On Wednesday, April 29, 2026, the Gold Price in Kolkata and other major metropolitan hubs recorded their sharpest single-day decline of the year. Following a period of unsustainable highs, the “Yellow Metal” has plummeted by ₹2,000 per 10 grams, while silver has mirrored this crash with a staggering drop of ₹4,900 per kilogram.
In Kolkata, 24-carat retail pure gold has slipped to ₹15,055 per gram, providing a long-awaited window for retail buyers and investors who were priced out during the peak of the spring rally. This report provides an exhaustive analysis of today’s rates, state-wise price variations, and the global macroeconomic drivers behind this sudden market reset.
1. Gold and Silver Price Today in Kolkata : April 29 Detailed Analysis
Kolkata, the primary hub for jewelry craftsmanship and the bullion trade in Eastern India, saw a flurry of activity today as consumers rushed to take advantage of the sudden dip. The ₹2,000 drop in 24K gold represents a major psychological shift in the market.
Hallmarked Gold Jewelry (22 Carat/916)
The 22-carat segment, the backbone of the “Lagan” (wedding) demand in West Bengal, saw a massive reduction:
Per 1 Gram: ₹ 14,305 (Down by ₹ 195)
Per 10 Grams: ₹ 1,43,050 (Down by ₹ 1,950)
Retail Pure Gold (24 Carat/9950)
For investors tracking the Gold Price in Kolkata for high-purity assets like coins and 24K bars:
Per 1 Gram: ₹ 15,055 (Down by ₹ 200)
Per 10 Grams: ₹ 1,50,550 (Down by ₹ 2,000)
Pure Gold Bar (24 Carat/9950)
Investment-grade gold bars followed the bearish trend, closing below the ₹1.50 lakh mark for the first time in weeks:
Per 1 Gram: ₹ 14,980 (Down by ₹ 200)
Per 10 Grams: ₹ 1,49,800 (Down by ₹ 2,000)
2. Silver Price in Kolkata: A Sharp Technical Correction
Silver prices have entered a “free-fall” mode today, dropping by nearly ₹5,000 in the retail market. This move highlights the white metal’s extreme sensitivity to cooling speculative interest and shifting industrial cues.
| Category | 100 Grams Price | 1 Kg Price | Daily Change (1 Kg) |
| Retail Silver | ₹ 24,050 | ₹ 2,40,500 | – ₹ 4,900 |
| Silver Bar | ₹ 24,040 | ₹ 2,40,400 | – ₹ 4,900 |
The ₹4,900 per kg drop brings silver back toward the ₹2.40 lakh level. Analysts suggest that this correction was inevitable as the “overbought” conditions of early April reached a breaking point.
3. State-Wise Gold & Silver Price Analysis (April 29, 2026)
While the Gold Price in Kolkata acts as the primary benchmark for the East, localized taxes and regional demand variations create a diverse pricing landscape across the country.
Estimated 24K Gold (10g) and Silver (1kg) Rates Across India:
| State/City | 24K Gold (10g) | Silver (1kg) | Market Sentiment |
| West Bengal (Kolkata) | ₹ 1,50,550 | ₹ 2,40,500 | Very Bearish / High Buying |
| Maharashtra (Mumbai) | ₹ 1,50,800 | ₹ 2,54,000 | Sharp Correction |
| Delhi (NCR) | ₹ 1,51,050 | ₹ 2,54,500 | Panic Selling |
| Tamil Nadu (Chennai) | ₹ 1,52,350 | ₹ 2,68,000 | Premium Demand |
| Karnataka (Bengaluru) | ₹ 1,50,900 | ₹ 2,54,000 | Technical Softening |
| Telangana (Hyderabad) | ₹ 1,50,800 | ₹ 2,68,000 | Strong Retail Floor |
Analyst Insight: Southern markets like Chennai and Hyderabad continue to trade at a substantial premium. Even with today’s nationwide crash, silver in these regions is trading nearly ₹27,500 higher than in Kolkata, reflecting the deep-rooted physical demand in the South during the end of the April wedding season.
4. Market Drivers: Why did Bullion Crash Today?
Experts have identified several factors contributing to the massive retreat in the Gold Price in Kolkata:
Profit Booking in Futures: After hitting record-breaking levels earlier this month, institutional traders at MCX and COMEX have moved to “lock in” profits, triggering a cascading sell-off in the physical retail market.
US Dollar Strength: The US Dollar Index (DXY) has surged today as investors seek safety in the currency ahead of fresh economic data. A stronger dollar makes gold more expensive to import, cooling immediate domestic demand.
Bond Yield Spikes: An uptick in global treasury yields has increased the opportunity cost of holding non-yielding assets like gold and silver, leading to large-scale liquidations.
Cooling Geopolitical Tensions: In the absence of fresh escalations in international trade or conflict zones, the “Safe-Haven” premium is quickly evaporating, allowing prices to revert to technical support levels.
5. Investment Strategy: Is it Time to “Buy the Dip”?
With the Gold Price in Kolkata losing ₹2,000 in a single day, consumers and investors should consider the following strategy:
For Jewelry Consumers: If you have weddings planned for May or June, today’s dip of nearly ₹2,000 for 24K gold is a prime buying window. While the market is bearish now, the long-term trend for 2026 remains structurally bullish.
For Long-term Investors: This is a classic “Correction in a Bull Market.” Use these intermittent crashes to average out your entry price. Focus on Digital Gold or Gold ETFs to build your portfolio without the burden of high making charges.
For Silver Seekers: Silver at ₹2.40 lakh is approaching a very strong technical floor. Given its essential role in the Solar and EV sectors, this ₹4,900 correction offers an attractive entry point for those with a 12-to-24-month horizon.
6. How to Calculate Your Final Jewelry Bill in Kolkata
When visiting the iconic showrooms of Bowbazar or Gariahat, ensure you understand the components of a transparent invoice to safeguard your purchase against overpricing.
The Final Bill Formula:
Smart Buyer Checklist:
HUID Verification: Every piece of hallmarked jewelry must have a 6-digit Hallmark Unique Identification (HUID). Verify it on the BIS Care App to confirm purity.
Negotiate Labor: Making charges in Kolkata generally range from 10% to 22%. On a day with such a massive price crash, jewelers are often more flexible with labor costs to maintain sales volume.
Net Gold Weight: Ensure the weight of decorative stones or beads is subtracted before the gold price is applied to the metal weight.
7. Future Outlook: May 2026 Forecast
The consensus among bullion analysts is that we are in a “Major Corrective” phase.
Gold Outlook: Analysts expect the Gold Price in Kolkata to find its next strong support at the ₹1,48,500 level. If global cues remain bearish, gold may consolidate here before the pre-Akshaya Tritiya rush begins.
Silver Outlook: Silver is expected to find support at the ₹2.35 lakh level. Any recovery will likely depend on industrial procurement cycles in early May.
Conclusion
The Gold Price in Kolkata on Wednesday, April 29, 2026, reflects a market that has finally hit a resistance wall after a historic bull run. The dip of ₹2,000 for gold and ₹4,900 for silver offers a massive window of affordability for Indian households. Whether you are buying for tradition or for financial security, staying updated with these daily fluctuations is the only way to safeguard your purchasing power effectively in the volatile year of 2026.
Disclaimer: This information is based on various inputs from news agency