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Silver prices plunge by ₹10,000; gold also turns cheaper

Silver prices witnessed a sharp fall of nearly ₹10,000, while gold rates also eased, offering relief to buyers amid market volatility.

By NES Web Desk

Jan 08, 2026 18:32 IST

Volatility in gold and silver prices continues into the new year as well. Just like in 2025, massive fluctuations in the prices of these two precious metals have been ongoing since the beginning of 2026. Silver prices had jumped in the first few days of the year. In the last two days, they have decreased considerably. Gold prices have also fallen by more than a thousand rupees in the last two days.

On Thursday, the price of 24-carat gold per 10 grams decreased by 1,000 rupees in Kolkata's market. The price of 22-carat gold per 10 grams fell by 950 rupees. Silver prices in Kolkata's market have fallen much more than gold prices. The price of silver per kilogram decreased by 10,250 rupees.

ALSO READ | Sensex, Nifty50 fall for fourth straight session; market loses over ₹9 lakh crore

Gold rates in Kolkata's market on Thursday: (excluding taxes)

Pure gold bar (24-carat): 1 lakh 36 thousand 100 rupees (per 10 grams)

Pure gold bar (retail): 1 lakh 36 thousand 800 rupees (per 10 grams)

Hallmarked jewellery gold (22-carat): 1 lakh 30 thousand rupees (per 10 grams)

Silver (retail): 2 lakh 39 thousand 550 rupees (per kilogram)

(Price source: WBBMJA)

You will not be able to buy gold at these rates when you go to the market. It will cost somewhat more than these rates. This is because GST and jewellery-making charges will be added to these rates. While GST is fixed at 3 percent, these charges may vary from shop to shop.

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