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Big Surprise in Kolkata Gold Prices on Maha Sasthi
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News18•16-10-2026, 10:44
Big Surprise in Kolkata Gold Prices on Maha Sasthi
- •Gold prices have seen a significant drop in Kolkata over the last few days, bringing a festive surprise for buyers during Durga Puja.
- •According to the Swarna Silpa Bachao Committee, the price of 22-karat gold stands at 13,865 rupees and 18-karat gold is 11,385 rupees.
- •With a budget of 50,000 rupees, buyers can purchase approximately 2.7 to 3 grams of gold jewelry after accounting for making charges and GST.
- •Gold prices fluctuate daily based on international market rates, rupee exchange rates, and import duties.
Key Questions Answered
On Friday, October 16, 2026, the price of 22-karat gold is 13,865 rupees, 18-karat gold is 11,385 rupees, and 1 kg of silver is 214,077 rupees according to the Swarna Silpa Bachao Committee (SSBC). An additional 3% GST applies to these prices at purchase.
With 1 gram of gold priced at 13,865 rupees, a budget of 50,000 rupees mathematically yields about 3.6 grams of gold. However, after accounting for making charges, GST, and hallmark charges, the actual weight of the jewelry you can buy ranges between 2.7 to 3 grams.
Gold prices in Kolkata fluctuate based on international market gold rates, the rupee-to-dollar exchange rate, import duties, and local market conditions.
