Gold holds a timeless significance in Indian society — as a symbol of wealth, tradition, and long-term investment. In Kolkata, often referred to as the cultural capital of India, gold is more than just metal; it’s an emotion. Whether for weddings, festivals like Durga Puja, or saving for the future, gold buying remains a cherished tradition.
But before you walk into a jewelry store, it’s important to know the latest gold rates in Kolkata. This article presents a detailed overview of today’s 22K and 24K gold prices in Kolkata, along with insights into what affects these rates, how to buy smartly, and a helpful FAQ section.
todays gold price in kolkata
Today 24 Carat Gold Rate Per Gram in Kolkata (INR)
| Gram | Today |
|---|---|
| 1 | ₹9,884 |
| 8 | ₹79,072 |
| 10 | ₹98,840 |
| 100 | ₹9,88,400 |
Today 22 Carat Gold Price Per Gram in Kolkata (INR)
| Gram | Today |
|---|---|
| 1 | ₹9,060 |
| 8 | ₹72,480 |
| 10 | ₹90,600 |
| 100 | ₹9,06,000 |
Today 18 Carat Gold Rate Per Gram in Kolkata (INR)
| Gram | Today |
|---|---|
| 1 | ₹7,413 |
| 8 | ₹59,304 |
| 10 | ₹74,130 |
| 100 | ₹7,41,300 |
✅ Location: Kolkata
✅ Updated On: today
✅ Gold Type: Hallmarked BIS-certified Gold
Note: Prices may vary slightly from one jeweler to another due to making charges and GST.
What is the Difference Between 22K and 24K Gold?
Understanding gold purity is crucial before buying. Here’s a simple comparison:
| Feature | 22K Gold (916) | 24K Gold (999) |
|---|---|---|
| Purity | 91.6% Pure Gold | 99.9% Pure Gold |
| Use | Jewelry and ornaments | Investment, coins, bars |
| Durability | Stronger, more durable | Softer, not suitable for jewelry |
| Price | Slightly lower | Highest per gram |
22K Gold is ideal for making ornaments because it offers a balance of purity and strength, while 24K Gold is too soft and used mostly for coins, bars, and investments.
What Determines Gold Prices in Kolkata?
1. International Market Price
Gold is traded globally in US Dollars. The London Bullion Market determines the benchmark price for gold. Any fluctuation there directly affects Indian gold prices.
2. USD to INR Exchange Rate
Gold is imported to India. A weakening rupee makes imports costlier, driving gold prices up.
3. Import Duty and GST
Currently, India imposes about 15% import duty and 3% GST on gold purchases. These taxes are included in the final price.
4. Local Demand in Kolkata
During festivals, wedding seasons, and auspicious dates, the demand for gold increases, which can lead to a price spike.
5. Inflation and Interest Rates
Gold is considered a hedge against inflation. When inflation rises or interest rates fall, gold prices tend to rise.
Popular Gold Buying Areas in Kolkata
- Gariahat Market – A favorite for bridal jewelry
- Bowbazar – Traditional goldsmiths and reputed family-owned jewelers
- New Market Area – Affordable mid-range jewelers
- Behala and Barasat – Local branches of national chains
- Salt Lake City – Branded showrooms and modern gold designs
Tips for Buying Gold in Kolkata
- ✅ Check Daily Price – Use reliable platforms like priceinkolkata.com to stay updated.
- ✅ Buy Hallmarked Gold – Always insist on BIS 916 (22K) or 999 (24K) stamp.
- ✅ Ask for Invoice – It must include gold rate, weight, making charge, and GST.
- ✅ Compare Making Charges – Typically between 8% and 25%. Negotiate if possible.
- ✅ Verify Weight – Ensure proper weighing in front of you before purchase.
Gold as an Investment – Is Now a Good Time?
Let’s examine the key factors:
| Investment Factor | Status (July 2025) |
|---|---|
| Inflation | Moderate-high |
| Global Gold Demand | Steady |
| INR-USD Stability | Slight volatility |
| RBI Policy | Low interest rates |
| Local Sentiment | Positive |
✅ Conclusion: Yes, July 2025 is a good time to invest in gold — especially before the festive demand surge during Durga Puja and Diwali.
Different Ways to Invest in Gold in Kolkata
- Physical Gold
- Jewelry, coins, and bars
- Instant liquidity
- Best for family inheritance
- Gold Savings Schemes
- Monthly deposit schemes by jewelers
- Suitable for planned jewelry purchases
- Sovereign Gold Bonds (SGBs)
- Issued by RBI
- 2.5% interest + capital appreciation
- Safe & tax-efficient
- Gold ETFs and Mutual Funds
- Stock market linked
- No storage issues
- Transparent pricing
- Digital Gold
- Buy small quantities online
- Can be redeemed as jewelry later
Why Do Gold Prices Differ Between Cities?
While international and national trends affect gold rates, prices vary slightly from one Indian city to another. Reasons include:
- Local demand and supply
- State-specific taxes
- Logistics and transportation
- Dealer’s profit margin
- Type of gold being sold (hallmarked, non-hallmarked)
In Kolkata, gold is slightly cheaper compared to Delhi or Mumbai due to dense competition and established jewelry markets.
Is Gold Taxable in India?
Yes, under the current financial rules:
- GST on Purchase – 3% of the total bill
- Capital Gains Tax – If sold after 3 years, long-term capital gains tax applies
- TDS on High-Value Purchase – TDS applicable if PAN not provided for purchases above ₹2 lakh
How to Check Gold Purity?
Look for the BIS Hallmark which includes:
- BIS Logo
- Purity in Karats (916 for 22K, 999 for 24K)
- Assaying centre’s mark
- Jeweler’s identification mark
Always ask your jeweler to show hallmark certification and match it with your jewelry.
FAQs – Today’s Gold Price in Kolkata
Q1. What is the 22K gold rate in Kolkata today?
A: today 22K gold price is ₹9,884 per gram or ₹9,8840 per 10 grams.
Q2. What is the price of 24K gold today in Kolkata?
A: The current 24K rate is ₹9,884 per gram or ₹98840 for 10 grams.
Q3. Is gold cheaper in Kolkata compared to other cities?
A: Generally, yes. Due to strong market competition and local demand, Kolkata offers better rates than some metro cities.
Q4. What are making charges on gold jewelry in Kolkata?
A: Making charges vary between 8% to 25% depending on the jeweler and design complexity.
Q5. Where can I buy the best gold jewelry in Kolkata?
A: Reputed areas include Gariahat, Bowbazar, New Market, Behala, and Salt Lake.
Q6. Can I negotiate the gold price at local shops?
A: While gold rate is fixed, you can negotiate on making charges and wastage percentages.
Q7. How to ensure I’m not being overcharged?
A: Compare prices on multiple shops and check hallmarking, weight, and purity before purchase.
Q8. Is GST included in the gold rate?
A: No. GST (3%) is applied separately on the total price (gold + making charges).
Q9. Should I buy gold now or wait?
A: With prices gradually rising and festivals around the corner, it is advisable to buy now.
Q10. How often does the gold price update?
A: Prices update daily based on international markets and currency exchange.
Conclusion
Gold continues to be one of the most reliable forms of savings and investment for families in Kolkata. Whether you are buying jewelry for your daughter’s wedding, investing for the future, or simply gifting a gold coin — understanding the daily gold price in Kolkata helps you make an informed and smart choice.
At priceinkolkata.com, we are committed to bringing you real-time updates, detailed insights, and local market intelligence so you can buy gold with confidence and clarity.