Gold Rate Today in West Bengal – 7 Nov 2026, 8 AM IST

The figures in the live table are bullion reference rates for West Bengal, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Kolkata is West Bengal's benchmark gold market and one of India's most significant bullion trading hubs, anchored by Bowbazar, the city's historic gold and jewellery district, alongside newer markets like Ganesh Chandra Avenue. Kolkata also functions as the effective supply source for the wider eastern Indian region, including several Northeast states that source gold through the city. This page covers today's rate, how it is set, city-wise rates across the state, purity and hallmark verification, making charges with a worked bill example, where to buy and sell, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations West Bengal buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across the state

West Bengal's trade uses the gram and 10 gram denomination for modern retail, but the bhori, 11.6638 grams, remains genuinely common in Kolkata's traditional bullion and jewellery trade, more so than in most other Indian states. Always confirm whether a quoted price is per gram, per 10 grams, or per bhori before comparing shops.

International markets quote the troy ounce, at 31.1035 grams, converted into rupee and gram terms before it reaches West Bengal's retail market.

The one kilogram bar is the standard wholesale trading unit, and Kolkata is a major hub for this scale of trade, supplying jewellers across the wider eastern and Northeast Indian region.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating.

West Bengal's series carries more weight than most eastern Indian markets, since Kolkata is itself a supply source for other states, not just a receiving market.

For a wedding purchase this matters less than it appears, since the date is fixed well in advance. For a coin or bar purchase with no deadline, the ten day range is the cheapest timing information available.

The trend table sets today's West Bengal rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, chiefly sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It says nothing useful about next week's rate.

Because Kolkata supplies gold onward to Assam, Tripura, Sikkim and other eastern states, a move visible in West Bengal's series is a genuine regional signal, not just a local one.

The rate follows the same five step national chain as every state, with Kolkata itself functioning as a major regional benchmark.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and COMEX futures.

Step two: the rupee conversion

The dollar price converts at the prevailing USD to INR rate.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value nationally.

Step four: the domestic benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Kolkata's Bowbazar traders price directly against that benchmark, and Kolkata's own published rate is, in turn, the reference several other eastern and Northeast states price against.

Step five: why the state's rate sits where it does

Kolkata is a coastal import point, so West Bengal's base rate typically runs close to Mumbai's. Within the state, the spread between Kolkata, Siliguri and Durgapur is narrow, since all price off the same effective benchmark.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, gold tends to rise.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises the West Bengal rate independent of any move in international gold.

Seasonal demand. Durga Puja is the single biggest gold buying and gifting occasion in the state, alongside Akshaya Tritiya, Dhanteras, Diwali and the wedding season. Because Kolkata supplies much of eastern India, festive demand here shows up as pressure on the wholesale market, not just local retail.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price with no connection to the international market.

Every major market in West Bengal prices closely off the Kolkata benchmark, so the differences between cities are small and come from local jeweller premiums rather than the underlying rate.

• Gold rate in Kolkata | the state's benchmark gold market and a major eastern India bullion hub, centred on historic Bowbazar
• Gold rate in Siliguri | a key gateway trading town supplying Sikkim and parts of the Northeast
• Gold rate in Durgapur | a major industrial city with a growing organised retail trade
• Gold rate in Asansol | a significant commercial centre in western West Bengal

Rates for Howrah, Bardhaman and the rest of the state track the same benchmark. If a quote in any West Bengal city differs by more than a small handling margin, that difference is the jeweller's own premium, and it is negotiable.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of traditional jewellery sold across West Bengal, from Bowbazar's wholesale-adjacent trade to the mainstream contemporary pieces stocked across the state. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in West Bengal today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in West Bengal

• Plain chains and machine-made pieces from Bowbazar's wholesale-adjacent trade | roughly 6 to 10 percent, among the more competitive rates in eastern India given Kolkata's role as a supply hub
• Handcrafted traditional and bridal work | roughly 12 to 18 percent
• Branded showroom pieces | 14 percent and above

A worked example

Take a 10 gram 22 karat chain with 8 percent making. Metal value is 10 grams at today's 916 rate. Add 8 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 11.2 percent above the pure metal value.

Making charges are negotiable in Kolkata's independent trade, and Bowbazar's wholesale-adjacent nature tends to produce some of the more competitive rates in the region. Always ask for the making charge as a percentage in writing before comparing shops.

Every piece of gold jewellery sold in the notified districts of West Bengal must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. Kolkata has one of India's densest networks of BIS recognised assaying and hallmarking centres, given its role supplying much of eastern India, so there is no reason to accept an unhallmarked piece anywhere in the state's major markets.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

West Bengal occupies a role that most states on this site do not share: it is not just a market that receives gold, but a genuine wholesale source for a wide surrounding region.

A historic trading district

Bowbazar in central Kolkata is the city's oldest and most established gold and jewellery trading district, a dense concentration of bullion dealers, goldsmiths and retail jewellers that has operated for generations. Ganesh Chandra Avenue and other newer clusters have grown up around it as the city's jewellery trade has expanded.

The wholesale source for a wider region

Kolkata's bullion trade does not just serve West Bengal. Several states in India's Northeast and eastern regions, including Sikkim, Tripura and parts of Assam, source much of their gold through Kolkata rather than any closer alternative, a role that reflects the city's historic position as eastern India's principal port and trading centre.

What this means for a buyer

Because Kolkata is close to the source rather than several steps removed from it, the city's making charges and jeweller premiums tend to sit at the more competitive end of the range for eastern India, and its bhori-based traditional pricing conventions are worth understanding before comparing quotes with other cities.

West Bengal offers one of eastern India's deepest jewellery trades, spanning a historic wholesale hub and modern branded retail.

The traditional markets

• Bowbazar, Kolkata | the state's historic benchmark wholesale and retail gold market
• Ganesh Chandra Avenue and other Kolkata jewellery clusters | contemporary retail alongside the traditional trade
• Siliguri | a key gateway market supplying Sikkim and parts of the Northeast

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route across the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are assayed first, and that deduction is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Kolkata jewellers publish a buyback policy.

Gold loans. Widely offered by banks and NBFCs across West Bengal, letting you access funds against jewellery without selling it.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money.

Gold buying in West Bengal follows the Bengali festive calendar closely.

• Durga Puja | the single biggest gold buying and gifting occasion in the state
• Lakshmi Puja and Kali Puja | traditional occasions for gold gifting and worship
• Akshaya Tritiya, Dhanteras and Diwali | the national gold buying peaks
• Wedding season | roughly November to February, when bridal sets dominate purchases

Two practical notes. Festive days concentrate demand, so premiums and making charge discounts both move; the headline rate does not become cheaper because the day is auspicious. And for a wedding purchase, buying the metal in instalments across the preceding months converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to West Bengal, but three layers matter to every buyer.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment. Paper routes, gold ETFs and mutual funds, remove storage risk entirely.

For most West Bengal households the practical answer is a mix: ornament gold bought for Durga Puja, weddings and occasions, and simple, easily verified investment gold, coins or small bars, bought as savings.

The bhori, a traditional South Asian weight unit roughly equal to 11.66 grams, was once the standard measure for gold across Bengal and remains a recognisable term among older jewellers and customers, even though pricing today runs on the metric gram.

This legacy unit reflects Kolkata's long standing role as a bullion trading centre predating today's metric system.

Durga Puja, West Bengal's largest and most significant festival, is genuinely the single biggest gold buying occasion in the state, with families gifting jewellery as shagun, an auspicious blessing of prosperity, across the five day celebration.

Kolkata's jewellers see their strongest annual sales surge in the weeks leading into Durga Puja, alongside significant demand for Kali Puja shortly after.

Shakha Pola, white conch shell and red coral bangles worn by married Bengali women, remains a genuinely central wedding tradition, often paired with gold embellished versions and thick gold chur bangles for special occasions.

Traditional Bengali bridal gold, including the layered sitahar necklace and the chik choker, gives West Bengal's gold retail a genuinely distinctive craft identity rooted in centuries old custom.

Kolkata's established role as a major bullion and jewellery trading centre traces back to its colonial era prominence as a commercial capital, when the city's port and banking infrastructure made it a genuine hub for precious metals across eastern India.

This historical foundation continues to underpin Kolkata's position as the bullion supplier for Bihar, Jharkhand, Odisha, Assam and the wider Northeast.

Kali Puja, celebrated shortly after Durga Puja on the same day as Diwali nationally, brings a further significant gold buying occasion across West Bengal, particularly in Kolkata where the festival is celebrated with genuine grandeur.

This gives West Bengal's gold retailers a closely packed autumn festival season, from Durga Puja through Kali Puja to Bhai Phota.

Wedding season demand for gold jewellery peaks across West Bengal alongside the broader national wedding calendar, with distinctive Bengali bridal pieces like the sitahar and chik choker central to how gold is gifted and worn.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window.

Akshaya Tritiya, considered universally auspicious for buying gold, adds a further peak to West Bengal's calendar, complementing the Durga Puja and Kali Puja buying season later in the year.

This gives West Bengal's gold retailers multiple genuinely significant annual peaks to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. West Bengal's rates, priced off the national IBJA benchmark, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement, making national import duty and policy a genuine influence on domestic prices, including in West Bengal.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In West Bengal, gold's role in a household's savings is usually a stable, portable holding tied to weddings, Durga Puja and Kali Puja gifting.

Physical gold from a West Bengal jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared through customs before reaching refiners and jewellers, with Kolkata serving as the major distribution point for the whole of eastern India.

Gold has almost no industrial demand nationally, and West Bengal's own economy, running on agriculture, jute, tea and a growing services sector, reflects this: the state's gold trade is driven overwhelmingly by retail jewellery, investment and the festival and wedding calendar.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

West Bengal's genuinely strong Durga Puja and wedding gifting culture means this shift shows up as design adjustment rather than buyers skipping purchases altogether.

Gold retail in West Bengal is shaped decisively by Kolkata's colonial era bullion trading heritage, the state's genuinely massive Durga Puja gold buying season, and a festival calendar built around Kali Puja and the wedding season.

This combination gives West Bengal's gold market a genuinely distinct character among Indian states.

Gold and property serve fundamentally different purposes. Property in Kolkata or elsewhere in West Bengal requires a large upfront commitment and is illiquid. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in West Bengal do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in West Bengal and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from a West Bengal jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in Kolkata remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers across West Bengal offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any West Bengal jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in West Bengal the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller.

• Jewellery from a West Bengal jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and Durga Puja jewellery for cultural occasions, and coins, bars or ETFs for pure savings.