Silver Rate Today in Kolkata (12 Nov '26)
as on 12 Nov '26
1 kg
₹1,84,069.00
(0.00%)
100 gm
₹18,406.90
(0.00%)
10 gm
₹1,840.69
(0.00%)
Today's Silver Rate in Kolkata
The silver rate today in Kolkata (November 12, 2026) is ₹1,84,069 for 1 kg, ₹18,407 for 100 gms, and ₹1,841 for 10 gms.
Jewellery prices are usually higher than these rates because jewellers add 3% GST, making charges and their own markup.
If you want to buy Silver without jewellery markup, you can use Gold Vault by Dhan. You buy 999 purity Silver at live MCX rates with zero markup, it is stored safely in an insured vault, and you get it delivered to your home whenever you want. You can check the delivery cost for your location using our Gold Vault shipping rate calculator.
1 gm, 10 gm, 100 gm & 1 kg Silver Rate in Kolkata
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Silver Rate Trend in Kolkata
1 gm
10 gm
100 gm
1 kg
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Current Silver Price
per gram · as on 13 Nov '26
₹184
Silver Quantity (grams)
10 gm1000 gms
Making Charges (%)
0%20%
GST
3% on base price + 5% on making charges
NoYes
Total price of 100 grams of silver in Kolkata
₹20,892
Incl. making charges & GST
Base price (100 gms × ₹184)
₹18,407
Making charges (10%)
₹1,841
GST
₹644
Prices are indicative and based on today's silver rate in Kolkata. Actual price may vary by jeweller.
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Things to Know About Silver Market in Kolkata
One of India's oldest and most culturally rich cities, Kolkata has a long history of precious metals trading. From the old commercial centres of Burrabazar, Bowbazar, Posta and Sealdah to modern-day retail stores in South Kolkata, Salt Lake and New Town, silver purchase in Kolkata is deeply rooted in Bengali culture and tradition.
In Kolkata, silver is not just a metal; it symbolises cultural heritage, religious significance and financial security. Whether bought for traditional ware, religious ceremonies, jewellery on festivals like Durga Puja and weddings, or as an avenue to invest in, understanding silver prices in Kolkata is imperative for buyers, investors, and wealth planners to make informed buying decisions.
Kolkata, as the cultural capital of India, has a deep-rooted affinity for silver, which is locally called Rupa. Silver prices in Kolkata are quoted per gram and per kilogram, and are revised several times a day depending on global market movements, currency fluctuations, and local demand-supply dynamics. The city's silver market is an important benchmark for the whole Eastern India region.
Here are the current silver prices in Kolkata:
- 1 Kg Silver: ₹0
- 100 Grams Silver: ₹0
- 1 Gram Silver: ₹NaN
The price of silver in Kolkata is determined by a mix of global factors, domestic factors, and region-specific factors.
- Global factors:
- International silver prices (USD per ounce): The London Bullion Market Association (LBMA) silver prices and the COMEX futures are global benchmarks that directly affect the silver rates in Kolkata.
- US Federal Reserve interest rates: When the US Fed raises interest rates, this leads to a strengthening of the US dollar and downward pressure on silver prices.
- Trends of global inflation and economic uncertainty: Economic chaos leads investors to precious metals like silver as safe-haven assets.
- Geopolitical tensions: Political conflicts and trade disputes drive up demand for precious metals like silver.
- Strength or weakness of the US dollar: There is an inverse relationship between the dollar and silver prices for buyers buying in other currencies.
- Domestic & Kolkata-specific factors:
- USD-INR exchange rate: Currency changes have a direct effect on import costs. A weaker rupee makes imported silver more costly in terms of local currency.
- Import duties: Alterations in duties by the Central Board of Indirect Taxes and Customs (CBIC) impact retail silver prices.
- Strong seasonal demand: Bengali culture has a high affinity for silver utensils, religious articles and jewellery during Durga Puja, Dhanteras, Diwali and weddings, which drives silver prices in local markets.
- Wholesale demand from Burrabazar: This is a historic trading centre where silver is distributed to retailers in Eastern India.
- Port proximity: Kolkata's proximity to port facilities helps to keep transportation costs relatively lower.
- Government policies: Changes in monetary policy, import regulations, and GST affect the price of silver.
Silver spot prices represent the bullion rate at which silver is traded before adding on retail charges. In Kolkata, the spot price is based on:
- International spot rate
- Currency conversion
- Tariffs
- Local bullion associations
- Transportation and insurance
Spot price is the silver price at which it can be currently sold or bought with immediate payment and delivery. It is often called the cash price. In contrast, retail silver prices in Kolkata include extra cost factors and are therefore higher than spot prices. These additional costs include GST, retailer margins, transportation costs, storage costs, making charges, insurance costs, hallmarking costs, etc.
Silver taxation in Kolkata follows uniform national taxation norms, and there are no special state-level taxes imposed by West Bengal.
On silver purchases:
- Import duty: 6% (included in the costs)
- GST on the value of silver: 3%
- GST on making charges: 5% for fabricated items of silver, jewellery, and decorative articles
- Making charges: Vary by jeweller, complexity of design (usually 10-40% of silver value for traditional Bengali pieces, less for bars/coins)
- Hallmarking charges: Rs. 35 per article with a minimum of Rs. 150 per consignment (as per BIS guidelines) for physical purchases of silver.
On the sale of Silver Investment [Physical, ETFs, Mutual Funds, Digital Silver]:
On Physical Silver, Digital Silver and Mutual funds:
- LTCG: For silver investments held for 24 months or more, LTCG is 12.5%.
- STCG: For silver investments held for less than 24 months, STCG is taxed at the individual tax slab.
On Silver ETFs:
- Short-Term Capital Gains (STCG): For holding periods of less than 12months, gains are added to total income and taxed at individual income tax slab rates as per Income Tax Department guidelines
- Long-Term Capital Gains (LTCG): For holdings of 12 months or more, taxed at 12.5% flat rate.
The silver consumption of Kolkata is majorly jewellery-driven and rooted deep down in the culture, and has unique characteristics specific to the Bengali culture. Major driving factors behind the consumption of silver in Kolkata are:
- Strong weddings demand: Bengali weddings use silver items as gifts.
- High consumption during the Durga Puja season: Combined with the festive gifting, this is the peak season for silver purchases in Kolkata.
- Preference for traditional silver utensils: Bengali households traditionally have silver plates, bowls, glass and serving items.
- Religious significance: Silver is known to be auspicious for religious ceremonies, pujas, and temple offerings.
- Family heritage: Silver pieces are carried down from generation to generation as family heirlooms.
- Portfolio diversification: Increasing awareness about silver as an asset class for wealth preservation.
While purchasing silver in Kolkata, the buyers would need to know the following:
- Purity Scams: Be aware of German Silver sold in the street markets (like Gariahat). It contains copper, nickel and zinc, but no silver.
- Hallmarking: Make sure the silver article has the BIS Hallmark on it. It should contain the BIS logo, purity grade (i.e. 999 or 925), and a 6-digit HUID code.
- Weight measurement: In older markets, make sure the weighing scale is a digital one, and it is calibrated to 0.00 grams. Avoid transactions based on the traditional 'Bhori' unless it is accurately converted to grams (1 Bhori equals approximately 11.66 grams).
- High or unclear making charges: Charges that appear to be out of proportion or aren't clearly stated.
- Verbal purity assurances: Sellers who offer verbal assurances without being backed by certification in writing.
- Pressure tactics: High-pressure sales or claims of limited-time offers.
No, the price of silver does vary from city to city. Kolkata has competitive rates, unlike Chennai, since it is a port city and therefore doesn't get subjected to high inland freight charges that affect cities such as Delhi or Jaipur. Kolkata's efficient structure of the wholesale market in Burrabazar, coupled with the nearness of the port, helps to keep the prices of silver competitive as compared to inland cities.
The buying of Silver in Kolkata is determined by cultural and religious beliefs. The most popular instances of them are:
- Dhanteras: It is considered very auspicious to buy precious metals all over India.
- Diwali: It is believed that buying silver is prosperous, and silver coins are used in the Diwali puja.
- Akshaya Tritiya: Said to bring everlasting prosperity; considered auspicious to buy precious metals.
- Pushya Nakshatra: Deemed propitious for buying jewellery in the Hindu tradition.
- Durga Puja: The most important festival in Bengal, when the sale of silver for household articles and religious articles is at its peak.
- Kali Puja: An important Bengali festival when silver items are bought for religious ceremonies.
- Poila Boishakh: The Bengali New Year (mid-April), considered auspicious for buying silver coins and idols for the new ledger year (Halkhata).
In case you suspect fraud in terms of purity or weight, you can complain to:
- BIS Care App: Check the HUID code. If the details don't match, report it immediately through the app.
- Consumer Forum: File a complaint with the West Bengal State Consumer Disputes Redressal Commission.
- Legal Metrology: For the issues relating to weighing scales, contact the Legal Metrology Department of West Bengal.
FAQs
While buying Silver in Kolkata, there are some important things that you need to keep in mind before making such a purchase. These factors are purity grade, BIS hallmark, current Silver rate, making charges, GST and taxes, buyback and exchange policy. Additionally, the reputation of the jeweller and the purpose of the purchase also play an important role.
As of , the price of silver in Kolkata touched a lifetime high of ₹0 per kg in the midst of a global industrial supply deficit.
As of 12th November 2026, the current trading price of 1 gram of silver in Kolkata is ₹NaN. These are spot rates and do not include GST and other charges.
This is a step-by-step guide on how one can buy silver through Dhan:
Step 1: Create a Demat account (if new to Dhan)
Step 2: Add funds to your account
Step 3: Choose your silver investment option
- Option A: Silver exchange-traded funds (ETFs)
- Option B: Silver mutual funds
- Option C: Silver Futures/options
Step 4: Place your order
Step 5: Monitor and manage
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