Gold Rate in Kolkata Today, July 16, 2026: Gold Slips After Yesterday's Recovery

Kolkata, July 16: Gold prices edged lower in Kolkata on Thursday, giving back part of the gains recorded a day earlier. The market had shown signs of stabilising after Wednesday’s rebound, but today’s decline suggests buyers are still taking a cautious approach.

According to today’s retail rates, 24-karat gold is selling at ₹14,329 per gram, down ₹28 from Wednesday. 22-karat gold has fallen by ₹25 to ₹13,135 per gram, while 18-karat gold is now priced at ₹10,747 per gram, lower by ₹20.

Although the decline is relatively modest, it reflects the stop-start pattern that has dominated the gold market over the past week. Prices have been moving up one day and softening the next, without establishing a clear trend.

Kolkata Gold Rate Today

Gold Struggles to Build on Recent Gains

The first half of July has been anything but predictable for gold buyers.

After climbing to a monthly high during the opening week, prices corrected sharply before staging a brief recovery on Wednesday. That bounce, however, proved short-lived as gold slipped again in today’s session.

Despite the decline, the broader picture hasn’t changed much. Gold is still trading well below its July peak, meaning buyers continue to enjoy better prices than they did at the beginning of the month.

At the same time, today’s fall wasn’t large enough to erase the gains seen over the past few sessions completely. Instead, it highlights a market that’s still searching for direction.

If you prefer investing in gold without buying physical jewellery, you can also check the list of Gold ETFs in India:https://hdfcsky.com/etf/gold-etf

Gold Price in Kolkata Per Gram

What Would 10 Grams of 22K Jewellery Cost Today?

The quoted gold rate only reflects the value of the precious metal. The final jewellery bill also includes making charges and GST.

Based on today’s prices, assuming 12% making charges and 3% GST, here’s an estimate:

The final amount may vary depending on the jeweller, jewellery design, wastage charges and making charges applied.

10-Day Gold Price Trend

• July 16: ₹14,329 (-₹28)
• July 15: ₹14,357 (+₹77)
• July 14: ₹14,280 (-₹11)
• July 13: ₹14,291 (-₹142)
• July 12: ₹14,433 (No change)
• July 11: ₹14,433 (-₹49)
• July 10: ₹14,482 (+₹38)
• July 9: ₹14,444 (+₹131)
• July 8: ₹14,313 (-₹213)
• July 7: ₹14,526 (-₹136)

The last ten sessions reflect a market that has lacked consistency. Sharp corrections have been followed by quick recoveries, only for prices to soften again. Until fresh global triggers emerge, gold is likely to remain range-bound.

July Performance So Far

Despite today’s decline, gold is still trading marginally above where it started the month. However, it remains well below the highs recorded during the first week of July, showing that much of the earlier rally has faded.

Why Do Gold Prices Chaxnge Every Day?

Gold prices are influenced by international bullion prices, movements in the rupee against the US dollar, import duties, inflation expectations, central bank policies and geopolitical developments. Since these factors change frequently, retail gold rates are revised daily across Indian cities.

Conclusion

Gold prices in Kolkata slipped on July 16, with 24K gold falling to ₹14,329 per gram and 22K gold easing to ₹13,135 per gram. While the market gave up part of the previous session’s gains, prices remain comfortably below the highs seen earlier this month, offering buyers a relatively better opportunity. Investors will continue watching global bullion trends to see whether gold can regain momentum in the coming sessions.

Source: Goodreturns | Gold prices updated for July 16, 2026.