Gold price latest: Check rates for 24K, 22K and 18K on March 12

The Indian bullion market witnessed mixed cues on Thursday as gold prices recorded a marginal uptick while silver retreated slightly. The shifts reflect broader economic sensitivity to international price movements and the ongoing fluctuations of the Indian Rupee against the US Dollar.

Gold markets hold firm

Gold prices saw a steady start today, with the cost of 24-carat gold (99.9% purity) rising by ₹1 to reach ₹16,332 per gram. Investors and consumers tracking the 22-carat segment—popular for jewellery—noted a similar fractional increase, with rates settling at ₹14,971 per gram.

Market analysts suggest that while the daily change is nominal, the stability of the yellow metal remains a focal point for domestic households. Across major metropolises, price variations persist due to local taxes and transportation costs. Chennai is among the top of the price index, with one of the highest rates among tier-one cities.

Gold rates in major cities (Per Gram)

Silver records slight correction

In contrast to gold’s resilience, the silver market faced a minor cooling period. The industrial metal dropped by ₹0.10 per gram, bringing the current market price to ₹289.90 per gram. On a larger scale, the price for a kilogram of silver now stands at ₹2,89,900.

Experts attribute these shifts to international demand cycles and currency volatility. Because silver is heavily influenced by industrial consumption and global trade dynamics, any strengthening of the Rupee often offsets price hikes seen in the international markets. (With inputs from Agencies)