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Gold Prices Plummet Before Durga Puja: How Much Cheaper is 22-Carat Gold in Kolkata?
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News18•03-10-2026, 11:35
Gold Prices Plummet Before Durga Puja: How Much Cheaper is 22-Carat Gold in Kolkata?
- •Gold prices in Kolkata saw a significant drop over the weekend, offering good news for buyers just two weeks before Durga Puja.
- •On Saturday, October 3, 22-carat gold was priced at ₹13,970, while 18-carat gold was ₹11,470.
- •The price of 1 kg of silver was ₹22,4056. An additional 3% GST will be applied to these prices.
- •Fluctuations in the international market, the US dollar, and global economic conditions are influencing gold prices.
- •When purchasing jewelry, making charges and 3% GST will be added, making the final price higher than the basic market rate.
Key Questions Answered
On Saturday, October 3, the price of 22-carat gold was ₹13,970, 18-carat gold was priced at ₹11,470, and 1 kg of silver cost ₹22,4056. An additional 3% GST applies to these base rates when purchasing.
Gold prices fell due to international market pressures, fluctuations in the US dollar, bond yields, and the global economic situation. Comex gold futures also experienced a significant drop at the end of the week.
When buying jewelry from a shop, customers must pay an additional 3% GST along with making charges specific to the design. Therefore, the final retail cost will be higher than the basic market rates.
