Silver prices in Kolkata are tracking the national average today, easing ₹10 per gram from yesterday’s close. The dip mirrors a broader softening in global spot silver, driven by a firmer US dollar and reduced safe-haven demand. Here is a complete breakdown of today’s silver rates in the city.
Kolkata Silver Rate Today — March 18, 2026
| Quantity | Today (₹) | Yesterday (₹) | Change |
|---|---|---|---|
| 1 gram | 265 | 275 | -10 |
| 10 grams | 2,650 | 2,750 | -100 |
| 100 grams | 26,500 | 27,500 | -1,000 |
| 1 kg | 2,65,000 | 2,75,000 | -10,000 |
Rates are retail averages for Kolkata as of today. GST and making charges are not included and will be added at the point of purchase.
Kolkata’s Silver Market — Craft, Culture and Commerce
Kolkata occupies a unique place in India’s silver landscape. The city has a long and distinguished tradition of silver craftsmanship — Bengal’s silversmiths, known locally as sutradhars, have for centuries produced some of the most intricate silverware in the country. From the elaborate silver thrones and idols crafted for Durga Puja pandals to the delicate filigree work that defines traditional Bengali silver jewellery, the city’s relationship with silver runs far deeper than simple commodity trading.
Bowbazar and the surrounding areas of central Kolkata remain the heart of the city’s silver trade, where wholesalers, craftsmen, and retailers operate in close proximity. The market is particularly active in the months leading up to Durga Puja, Diwali, and the winter wedding season, when demand for silver idols, silverware, and jewellery spikes sharply. Today’s rates are aligned with the national Mumbai benchmark, reflecting Kolkata’s well-integrated position within India’s bullion supply chain.
What Is Driving Silver Prices Today?
Silver is down ₹10 per gram today, continuing the mild retreat seen across global precious metals markets. A firmer US dollar is the primary headwind, reducing the appeal of dollar-denominated commodities for international buyers and exerting downward pressure on spot prices. Geopolitical risk premium, which had been supporting safe-haven buying in recent weeks amid West Asia tensions, has eased somewhat today.
Silver’s industrial demand story remains intact however. The metal’s critical applications in solar energy, electric vehicles, and consumer electronics provide a structural demand floor that distinguishes it from gold. India’s own push toward renewable energy — with ambitious solar installation targets — has made silver an increasingly watched commodity among domestic investors tracking the energy transition theme.
What Kolkata Buyers Are Looking For
Silver buying in Kolkata tends to cluster around a few distinct categories. Religious and ceremonial silverware dominates — Durga Puja season in particular sees enormous demand for silver idols, decorative items, and offerings. Wedding gifting is another major driver, with silver sets, utensils, and decorative pieces among the most common high-value gifts exchanged at Bengali weddings.
Silver jewellery in Kolkata has its own distinct character — traditional Bengali silver ornaments including shakha, paula, and loha are culturally significant items that remain in steady demand regardless of metal price fluctuations. On the investment side, silver coins and bars are gaining traction among younger Kolkata buyers looking for an affordable entry point into precious metals.
Quick Buying Guide
For silverware and religious items: Work with established silversmiths or retailers in Bowbazar who can certify purity. The quality of craftsmanship varies widely — price alone is not a reliable guide. For jewellery: Factor in making charges, which can be significant for intricate Bengali silverwork, and 3% GST on the total bill. For investment: Coins and bars from certified sources are the most straightforward format. Check MCX before transacting.
Disclaimer: Rates are retail averages for Kolkata as of March 18, 2026. Actual prices may vary by jeweller. Not financial advice.