Gold Rate Today in Kolkata — 22 May 2026

Gold Rate Today in Kolkata — Everything You Need to Know

The gold rate in Kolkata today (22 May 2026) is ₹142,865 for 22 carat gold per 10 grams and ₹155,852 for 24 carat (pure) gold per 10 grams. These prices include 3% GST as mandated by the Government of India.

Kolkata is located in West Bengal. Gold rates in Kolkata are influenced by the national gold price set by the India Bullion and Jewellers Association (IBJA), local jewellers associations, state-specific taxes, and regional demand patterns.

How is Gold Rate Calculated in India?

Indian jewellery shop gold rates are not the raw international price — they include import duty and GST. Here is the complete step-by-step calculation used on this page:

• Step 1: International gold price (USD/troy oz) = $4,544.20 (COMEX)
• Step 2: Multiply by USD/INR rate (₹96.19) → INR per troy oz
• Step 3: Divide by 31.1035 (grams per troy oz) → INR per gram
• Step 4: Multiply by 10 → INR per 10g (raw international base)
• Step 5 — Import Duty (7.6%): Basic Customs Duty 6% + Agriculture Infra Dev. Cess 1% + Social Welfare Surcharge 0.6% (post July-2024 Budget) → this gives the ex-GST / IBJA base rate
• Step 6: For 22K → multiply ex-GST base by 22/24 (91.67% purity)
• Step 7: Add city-specific differential (state levies, local demand, logistics)
• Step 8 — GST (3%): Applied on the total (import-duty-inclusive) price → this is the final price you pay at the jewellery shop
• Note: Making charges (8–25% of gold value) are charged separately by individual jewellers.

The ex-GST rate (Steps 1–7) is the IBJA reference price that jewellers use for billing. The incl-GST rate (Step 8) is what appears on your jewellery invoice.

Difference Between 22K, 24K and 18K Gold

• 24K (999 purity) — Pure gold, ₹155,750/10g. Best for investment in coins and bars.
• 22K (916 hallmark) — 91.6% gold + 8.4% alloy, ₹142,771/10g. Most popular for jewellery in India.
• 18K (750 hallmark) — 75% gold, ₹116,812/10g. Used in studded/diamond jewellery.

Why Do Gold Rates Differ Between Cities?

Gold rates vary across Indian cities due to: state-specific entry taxes and octroi, local jewellers association levy, transportation and logistics costs, and regional demand. Cities like Chennai and Kochi have traditionally higher gold rates due to strong cultural demand, while Mumbai serves as the base pricing hub.

Gold Buying Guide — What You Need to Know

• Always check hallmarking: Buy BIS hallmarked gold (look for 916 for 22K, 999 for 24K). Mandatory for gold above 2 grams since April 2023.
• Compare making charges: Making charges (8%–25%) are added on top of the gold rate. These are negotiable — especially for plain jewellery.
• Best day to buy: Gold prices are typically lower on weekdays when global markets are active. Avoid buying on days after major US Fed announcements.
• Sovereign Gold Bonds (SGBs): Issued by RBI, earn 2.5% annual interest on top of gold price appreciation. Best for long-term investment (5–8 year lock-in).
• Gold ETFs: Listed on NSE/BSE, track gold price, no making charges. Suitable for investment rather than physical ownership.
• Digital Gold: Buy any amount (even ₹1), stored in secured vaults. Available via Zerodha, Paytm, PhonePe etc.

What Factors Drive Gold Prices Today?

• US Dollar strength: Gold is inversely correlated with the USD. A stronger dollar typically pushes gold prices down.
• US Federal Reserve policy: Rising interest rates reduce gold's appeal (gold pays no interest). Rate cuts push gold up.
• Geopolitical tensions: Wars, sanctions, and global uncertainty drive investors to gold as a safe haven.
• Central bank buying: RBI and other central banks are net buyers of gold — large purchases move prices.
• USD/INR rate: Even if global gold prices are flat, a weaker rupee increases the INR price of gold.
• Festive/wedding season: Indian demand peaks during Akshaya Tritiya, Diwali, and wedding season (Oct–Dec), pushing prices higher.