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Gold Price Drops Significantly in Kolkata Ahead of Festive Season
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News18•13-10-2026, 11:14
Gold Price Drops Significantly in Kolkata Ahead of Festive Season
- •Gold prices experienced a major drop in Kolkata, bringing great relief to buyers during the festive season.
- •The price of 22-karat gold dropped to 14,030 rupees and 18-karat gold to 11,520 rupees.
- •The price of 1 kg of silver reached 222,087 rupees, with an additional 3 percent GST applicable at purchase.
- •Prices are sourced from the Swarna Silpa Bachao Committee.
- •Buyers are advised to check BIS hallmarks, HUID numbers, and making charges before making a purchase.
Key Questions Answered
On Tuesday, October 13, the price for 22-karat gold reached 14,030 rupees, 18-karat gold became 11,520 rupees, and 1 kg of silver was priced at 222,087 rupees, with an additional 3 percent GST applied at purchase according to the Swarna Silpa Bachao Committee.
Gold prices in India fluctuate based on international gold market rates, the exchange rate of the US dollar, investor demand, domestic market conditions, interest rate expectations, and geopolitical situations.
Buyers should verify the gold karat, check for the BIS hallmark and HUID number to ensure purity, and account for extra costs like making charges and the 3 percent GST which are added to the base price.
