Gold price today 12 May: Check 24k, 22k,18k city wise

 

Gold Rate Today (12 May): Check here for the latest city wise price of the precious noble metal i.e. Gold 24k, 22k,18k- Mumbai, Bangalore, Chennai, Hyderabad, Kolkata

 

 

As per India Bullion and Jewellers Association Ltd. (IBJA), 24-carat gold (excluding GST) is priced at ₹98,680 per 10 grams today, not even slight changes witnessed in the past 3 days. Whereas Silver persists around ₹1,11,000 jumped from ₹1,07,900 per kg with a difference of -3100

Today’s gold rates for different purities including GST are:

• 995 purity (almost pure): ₹98,680 per 10g
• 916 purity (22-carat): ₹90,450 per 10g

• 750 purity (18-carat): ₹74,010 per 10g

 

Note: Hallmark numbers on gold jewellery indicate purity—like 999 for 24-carat, 916 for 22-carat, and 750 for 18-carat.

 

• Sudden drop last week had brought interest among buyers who were affected by the all-time high record few weeks ago. However, the gold price has experienced significant surge again after the drop on the occasion of Akshaya Tritiya 2025.
• Major difference can be witnessed in gold rate than the last week amid India-Pakistan tension.
• Recent surge in the price of gold relies mainly on several global economic and political factors, such as the rising tension between India and Pakistan and renewed conflict between Israel and Gaza.
• The United States Federal Reserve on May 11 had kept the rates steady citing inflation.

 

Gold Price-City wise

 

 

The prices vary based on taxes and local demand (city wise). Major metropolitan cities like Bangalore, Chennai, Hyderabad, Kolkata and Mumbai have experienced significant surge in the gold price again. Below are the latest city-wise updates per 10g excluding GST, TCS or other levis.

 

Metropolitan       Cities	24K/10g	22k/10g	18k/10g
Bangalore	₹98,680	₹90,450	₹74,010
Chennai	₹98,680	₹90,450	₹74,550
Hyderabad	₹98,680	₹90,450	₹74,550
Kolkata	₹98,680	₹90,450	₹74,550
Mumbai	₹98,680	₹90,450	₹74,550

 

 

Gold Rate Today: Check 24K per g, 10g and per kg

Gram	Today	Yesterday	Change
1	₹9,868	₹9,868	₹0
10	₹98,680	₹98,680	₹0
100	₹9,86,800	₹9,86,800	₹0

 

Gold Rate Today: Check 22K per g, 10g and per kg

Gram	Today	Yesterday	Change
1	₹9,045	₹9,045	0
10	₹90,450	₹90,450	0
100	₹9,04,500	₹9,04,500	0

 

 

Gold Rate Today: Check 18K per g, 10g and per kg

Gram	Today	Yesterday	Change
1	₹7,455	₹7,455	0
10	₹74,550	₹74,550	0
100	₹7,45,500	₹7,45,500	0

 

 

Gold Rate for last 1 week per gram

Date	24K	22k
12 May 2025	₹9,868	₹9,045
11 May 2025	₹9,868	₹9,045
10 May 2025	₹9,868	₹9,045
09 May 2025	₹9,665	₹9,205
08 May 2025	₹9,901	₹9,076
07 May 2025	₹9,900	₹9,075
06 May 2025	₹9,846	₹9,025

 

 

Why Sudden spike in gold price?

 

 

-Fluctuations influenced by various global economic factors

 

Geopolitical Tensions

Owing to the ongoing conflicts, such as the rising tension between India and Pakistan and renewed conflict between Israel and Gaza and gold as a safe-haven asset leads to increase in demand during such instability.

 

Federal Reserve’s Interest Rate Cuts

The US Federal Reserve in 2024 has cut interest rates several times and is expected to even lower them more. When interest rates fall, it becomes less costly for investors to hold assets that don’t earn interest, like gold. Thus, pushing prices up.

 

Weakening U.S. Dollar

When the U.S. dollar weakens, it lowers the cost of gold for buyers, effectively making it affordable in international markets. Recent declines in the dollar’s value have contributed to the rise in gold prices

 

Central Bank Purchases

Central Banks around the world, also RBI (Reserve Bank Of India), have been increasing their gold reserves. RBI bought 77 tonnes of gold in 2024, a five-fold increase from the previous year.

 

Inflation Concerns

Driven by possible rises in government spending and tariffs, despite attempts to keep it in check- Inflation worries remain. Since gold is seen as a reliable hedge against inflation, investors are increasingly using it to safeguard their money.

 

Investment Demand

Amid ongoing market volatility and economic uncertainty, both retail investors and large institutions are shifting more of their funds into gold. To sustain geopolitical risks, inflation, gold offers protection. This growing preference for safety is fueling higher demand for the metal.

 

You may also Check: https://avvytimes.com/gold-rate-today-in-india8-may-check-24k-22k18k-cit/

 

Disclaimer: The recommendations made above are by market analysts and are not advised by the author. While every effort has been made to ensure the accuracy, readers are advised to verify current rates with official or local sources before making any financial decisions and to consult certified experts before making any investments.