Last Updated:
Gold and Silver Price Today, May 12: In Mumbai, the price of gold stood at Rs 90,440 per 10 gram for 22-carat and Rs 98,670 per 10 gram for 24-carat.
Gold Price Today, May 12.
Gold Price Today In India, May 12: Gold prices on Monday witnessed a fall in price India-Pakistan ceasefire and US-China trade deal. In Mumbai, the price of gold stood at Rs 90,440 per 10 gram for 22-carat and Rs 98,670 per 10 gram for 24-carat. Silver prices also fell by 100 to Rs 98,900 per kg.
On the MCX, gold prices declined by 2.43 per cent to trade at Rs 94,169 per 10 grams and silver was trading lower by 0.46 per cent at Rs 96,280 per kg in the morning session.
Recently, gold prices hit the Rs 1 lakh mark after increasing for the past few weeks amid global economic uncertainties and US recession fears.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 12, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,590 | Rs 98,820 |
| Jaipur | Rs 90,590 | Rs 98,820 |
| Ahmedabad | Rs 90,490 | Rs 98,720 |
| Patna | Rs 90,490 | Rs 98,720 |
| Mumbai | Rs 90,440 | Rs 98,670 |
| Hyderabad | Rs 90,440 | Rs 98,670 |
| Chennai | Rs 90,440 | Rs 98,670 |
| Bengaluru | Rs 90,440 | Rs 98,670 |
| Kolkata | Rs 90,440 | Rs 98,670 |
Silver Price In India Today (May 12, 2025)
The price of silver dropped by Rs 100 to Rs 98,900 per kg in Mumbai, according to goodreturns.in.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
- First Published:
