Gold prices in Kolkata on May 14, 2026 stand at ₹16,233 per gram for 24 carat gold, ₹14,880 per gram for 22 carat gold, and ₹12,175 per gram for 18 carat gold — up ₹33, ₹30, and ₹25 respectively from yesterday’s levels. The marginal increase reflects overnight international gold price movement as the domestic market consolidates at the new post-duty-hike price floor established after the government’s May 12 midnight decision to raise import duty from 6% to 15%.
Kolkata’s rates match the standard national baseline shared with Mumbai, Bengaluru, Hyderabad, Kerala, and Pune. Chennai trades at a ₹185 per gram premium at ₹16,418. Delhi sits marginally below at ₹16,226 per gram. Vadodara and Ahmedabad trade at ₹16,238 per gram.
For Kolkata consumers, 10 grams of 24 carat gold costs ₹1,62,330 today against ₹1,62,000 yesterday — a day-on-day increase of ₹330. The contrast with May 13’s single-day jump of ₹13,910 per 10 grams is the clearest signal that the duty-hike-driven repricing event has run its course and prices are now tracking international spot movements.
Kolkata’s gold market — centred around the historic Bowbazar and Burrabazar trading hubs in the city’s commercial heart — is navigating a particularly complex environment in mid-May 2026. The city is simultaneously absorbing the gold price shock from the duty hike, processing the political uncertainty from West Bengal’s post-election period and ongoing Calcutta High Court litigation, and watching a broader market that is deeply cautious ahead of Trump-Xi summit outcomes and Iran ceasefire developments from Beijing.
The West Bengal government’s May 13 modified notice under the Animal Slaughter Control Act 1950 — though unrelated to the gold market — adds to the sense of an administration managing multiple simultaneous pressure points, the economic context of which filters into consumer sentiment and discretionary spending appetite in Kolkata’s retail markets including jewellery.
Burrabazar’s wholesale gold dealers, who set reference prices for eastern India’s retail market, are operating with the new ₹16,200+ per gram benchmark as their cost basis. Any buyer who purchased gold inventory before May 12 at ₹14,900-15,000 per gram is sitting on significant unrealised gains — while any retailer who committed to forward delivery at pre-duty prices is facing margin compression until inventory cycles through at the new higher cost.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.