Gold prices in Kolkata increased on Wednesday, May 20, amid continued volatility in international bullion markets, rising crude oil prices and geopolitical tensions linked to the ongoing Iran conflict.
According to the latest rates, 24 karat gold in Kolkata was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Kolkata was recorded at Rs 11,876 per gram.
Domestic gold prices moved higher despite weakness in global gold futures during early European trading hours. Analysts said a stronger US dollar and rising Treasury yields have pressured international bullion prices, while inflation concerns driven by elevated energy prices continue to influence safe haven demand.
Market participants are also awaiting the release of the US Federal Reserve meeting minutes later on Wednesday for further clarity on interest rate expectations and monetary policy direction.
Gold rate today in Kolkata
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,835 |
| 22K Gold per gram | Rs 14,515 |
| 18K Gold per gram | Rs 11,876 |
22K gold price in Kolkata today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,515 |
| 8 gram | Rs 1,16,120 |
| 10 gram | Rs 1,45,150 |
| 100 gram | Rs 14,51,500 |
Why gold prices are rising today
Gold prices continue to react to movements in global bond yields, crude oil prices, inflation expectations and geopolitical developments.
Persistent tensions in West Asia have increased uncertainty across financial markets and supported volatility in commodity prices. At the same time, rising US Treasury yields have impacted investor positioning in bullion markets globally.
Analysts said near term gold price trends will remain linked to developments in crude oil markets, Federal Reserve commentary and broader global risk sentiment.
Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.