Gold prices in Kolkata edged lower on Tuesday, May 5, 2026, with 24 karat gold falling Rs 44 from yesterday’s rate to Rs 14,918 per gram. The decline is marginal but extends a mild corrective phase after gold prices had surged significantly in recent weeks amid global geopolitical uncertainty linked to the West Asia conflict.
Today’s gold rate in Kolkata — May 5, 2026
24 Karat Gold (99.9% purity)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 14,918 | Rs 14,962 | -Rs 44 |
| 8 gram | Rs 1,19,344 | Rs 1,19,696 | -Rs 352 |
| 10 gram | Rs 1,49,180 | Rs 1,49,620 | -Rs 440 |
| 100 gram | Rs 14,91,800 | Rs 14,96,200 | -Rs 4,400 |
22 Karat Gold (91.6% purity)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 13,675 | Rs 13,715 | -Rs 40 |
| 8 gram | Rs 1,09,400 | Rs 1,09,720 | -Rs 320 |
| 10 gram | Rs 1,36,750 | Rs 1,37,150 | -Rs 400 |
| 100 gram | Rs 13,67,500 | Rs 13,71,500 | -Rs 4,000 |
18 Karat Gold (75% purity)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 11,189 | Rs 11,222 | -Rs 33 |
| 8 gram | Rs 89,512 | Rs 89,776 | -Rs 264 |
| 10 gram | Rs 1,11,890 | Rs 1,12,220 | -Rs 330 |
| 100 gram | Rs 11,18,900 | Rs 11,22,200 | -Rs 3,300 |
Note: The above rates are indicative and do not include GST, TCS and other applicable levies. For exact rates, contact your local jeweller.
What is driving gold prices
Gold has been trading at historically elevated levels through 2026, with the West Asia conflict — specifically the effective closure of the Strait of Hormuz and the disruption to global energy and commodity trade — driving safe-haven demand sharply higher through February and March. International gold prices had crossed $4,600 per troy ounce in recent sessions before the current mild consolidation.
The Rs 44 per gram dip on Tuesday reflects profit-booking and mild dollar strength rather than any structural reversal in the gold bull run. The rupee’s record weakness — it recently hit 94-95 against the US dollar — has provided an additional support layer for gold prices in India, as a weaker rupee means imported gold costs more in rupee terms, partially offsetting any international price correction.
Gold as an investment — the current context
At Rs 14,918 per gram for 24K gold, a standard 10 gram gold coin now costs approximately Rs 1,49,180 before applicable taxes. Jewellery buyers will additionally pay GST of 3% and making charges on top of the base metal rate. For investors tracking gold via sovereign gold bonds or gold ETFs, the benchmark is the 24K spot rate published by IBJA, which may differ marginally from local market rates.