Gold prices witnessed a massive spike in Kolkata on Wednesday after the Central government sharply increased import duty on gold imports. Hallmark gold rates surged by as much as ₹1,391 per gram in a single day, sending shockwaves through jewellery markets and leaving buyers worried ahead of the upcoming festive and wedding season.
According to the latest bullion market data, 24-carat gold in Kolkata climbed to ₹16,789 per gram, up from ₹15,398 just a day earlier. Similarly, 22-carat gold rose by ₹1,275 to reach ₹15,390 per gram, while 18-carat gold jumped ₹1,043 to ₹12,592 per gram. Traders described the rise as one of the sharpest single-day increases seen in recent months.
The dramatic rise comes immediately after the Centre increased import duty on gold and silver to 15%, a move aimed at reducing imports and protecting India’s foreign exchange reserves. Industry insiders believe the higher tax burden has directly impacted domestic gold prices.
Gold Prices Jump Over ₹1,300 in Kolkata After Centre Raises Import Duty
For bulk buyers and investors, the increase is even more striking. The price of 10 grams of 24-carat gold in Kolkata has now reached ₹1,67,890, reflecting a massive ₹13,910 jump within 24 hours. On the other hand, 100 grams of 24-carat gold has become costlier by ₹1,39,100.
Jewellery traders across Kolkata said customer footfall slowed down significantly after the price surge. Many buyers are now postponing purchases in the hope that rates may stabilise in the coming weeks.
Market experts believe international tensions, rising crude oil prices, and pressure on India’s forex reserves are also contributing to the rising cost of precious metals. Since India imports most of its gold requirement, any increase in import duty has a direct impact on retail jewellery prices.
The latest surge comes just a day after Prime Minister Narendra Modi urged citizens to avoid buying gold for a year in order to help conserve foreign exchange reserves. Analysts now expect gold prices to remain volatile in the coming weeks if global uncertainty continues.
Kolkata Gold Rates on 13 May 2026
24 Carat Gold Price in Kolkata
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 Gram | ₹16,789 | ₹15,398 | +₹1,391 |
| 8 Gram | ₹1,34,312 | ₹1,23,184 | +₹11,128 |
| 10 Gram | ₹1,67,890 | ₹1,53,980 | +₹13,910 |
| 100 Gram | ₹16,78,900 | ₹15,39,800 | +₹1,39,100 |
22 Carat Gold Price in Kolkata
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 Gram | ₹15,390 | ₹14,115 | +₹1,275 |
| 8 Gram | ₹1,23,120 | ₹1,12,920 | +₹10,200 |
| 10 Gram | ₹1,53,900 | ₹1,41,150 | +₹12,750 |
| 100 Gram | ₹15,39,000 | ₹14,11,500 | +₹1,27,500 |
18 Carat Gold Price in Kolkata
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 Gram | ₹12,592 | ₹11,549 | +₹1,043 |
| 8 Gram | ₹1,00,736 | ₹92,392 | +₹8,344 |
| 10 Gram | ₹1,25,920 | ₹1,15,490 | +₹10,430 |
| 100 Gram | ₹12,59,200 | ₹11,54,900 | +₹1,04,300 |
Leave a Reply