Gold prices in Kolkata surged on May 13, 2026, as the government’s late May 12 decision to hike gold and silver import duty from 6% to 15% delivered an immediate and significant price shock across India’s physical gold markets.
24 carat gold in Kolkata stands at ₹16,789 per gram, up ₹1,391 from yesterday’s ₹15,398. 22 carat gold is at ₹15,390 per gram, up ₹1,275 from ₹14,115. 18 carat gold stands at ₹12,592 per gram, up ₹1,043 from ₹11,549.
For Kolkata consumers, 10 grams of 24 carat gold now costs ₹1,67,890 against ₹1,53,980 yesterday — an overnight jump of ₹13,910. 8 grams of 24 carat gold costs ₹1,34,312 against ₹1,23,184 — up ₹11,128 in a single day.
The duty hike lands with particular force in Kolkata’s gold market given the city’s proximity to the Bengal wedding season and the deep cultural embedding of gold in Bengali Hindu wedding traditions. Burrabazar — one of eastern India’s largest wholesale gold trading hubs — will be absorbing the full impact of the overnight cost increase as dealers reprice inventory and adjust wholesale quotes to reflect the new import cost structure.
Kolkata’s rates match Mumbai, Bengaluru, Hyderabad, Kerala, and Pune on all three caratages — reflecting the standard national baseline in the absence of significant additional local levies.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.