Gold price today (12.07.2026): Is the yellow metal getting cheaper? Check city-wise rates
Gold prices remained largely steady on Sunday, July 12, as domestic commodity markets stayed closed for the weekend. Retail bullion rates continued to reflect the previous market close, while silver prices also remained unchanged across most major cities.
Gold prices in India remained stable on Sunday, July 12, with domestic commodity exchanges, including the Multi Commodity Exchange (MCX), closed for the weekly holiday. Retail prices are based on the previous trading session and local bullion market averages.
The yellow metal had declined during the previous week after the US Federal Reserve's latest policy meeting reinforced expectations that interest rates could remain higher for longer. Higher interest rates typically reduce the appeal of non-yielding assets such as gold.
Gold rates in major cities (per 10 grams)National average bullion prices
| City | 24K Gold | 22K Gold | Silver (1 kg) |
|---|---|---|---|
| Chennai | ₹1,45,090 | ₹1,33,000 | ₹2,40,000 |
| Delhi | ₹1,44,480 | ₹1,32,450 | ₹2,35,000 |
| Mumbai | ₹1,44,330 | ₹1,32,300 | ₹2,35,000 |
| Kolkata | ₹1,44,330 | ₹1,32,300 | ₹2,35,000 |
| Bengaluru | ₹1,44,330 | ₹1,32,300 | ₹2,35,000 |
| Kochi / Ernakulam | ₹1,44,330 | ₹1,32,300 | ₹2,40,000 |
National average bullion prices
| Metal | Price |
|---|---|
| 24K Gold (1 gram) | ₹14,433 |
| 22K Gold (1 gram) | ₹13,230 |
| 18K Gold (1 gram) | ₹10,825 |
| 24K Gold (10 grams) | ₹1,44,330 |
| 22K Gold (10 grams) | ₹1,32,300 |
| 18K Gold (10 grams) | ₹1,08,250 |
| Silver (1 gram) | ₹235 |
| Silver (1 kg) | ₹2,35,000 |
Silver prices today
Silver prices remained unchanged in most parts of the country.
- Mumbai: ₹2,35,000 per kg
- Delhi: ₹2,35,000 per kg
- Kolkata: ₹2,35,000 per kg
- Bengaluru: ₹2,35,000 per kg
- Chennai: ₹2,40,000 per kg
- Kochi: ₹2,40,000 per kg
Why are gold prices fluctuating?
Gold prices continue to be influenced by global economic developments, including interest rate expectations, geopolitical tensions and movements in the US dollar. Domestic prices are also affected by local demand, import costs and seasonal jewellery purchases.
Since commodity markets are closed on Sundays, today's retail prices reflect the previous trading session.
What buyers should know
The listed prices are bullion rates and do not include additional costs. Jewellery purchases attract 3% GST, along with making charges that typically vary between 5% and 20%, depending on the jeweller and the design.