Gold rate today remained above ₹15,300 for 24K gold in India, while silver prices stayed near ₹3 lakh per kg. Check latest gold and silver prices in Chennai, Mumbai, Delhi, Hyderabad and other cities.
Mumbai: Gold rate today (May 12) remained above the ₹15,300 mark across major Indian cities on Tuesday, with 24K gold priced at ₹15,398 per gram amid continued investor interest in safe-haven assets. Silver prices also stayed elevated near ₹3 lakh per kilogram, keeping bullion markets active as traders closely track global trends, inflation concerns, and MCX gold rate movements.
According to the latest bullion market update, today’s gold rate in India stood at ₹15,398 per gram for 24 karat gold, ₹14,115 for 22 karat gold, and ₹11,549 for 18 karat gold. Chennai continued to report higher gold prices compared to other metro cities.
Today's gold rate in major Indian cities
| City | 24K Gold Price | 22K Gold Price | 18K Gold Price |
| Chennai | ₹15,633 | ₹14,330 | ₹11,950 |
| Mumbai | ₹15,398 | ₹14,115 | ₹11,549 |
| Delhi | ₹15,413 | ₹14,130 | ₹11,564 |
| Kolkata | ₹15,398 | ₹14,115 | ₹11,549 |
| Bangalore | ₹15,398 | ₹14,115 | ₹11,549 |
| Hyderabad | ₹15,398 | ₹14,115 | ₹11,549 |
| Kerala | ₹15,398 | ₹14,115 | ₹11,549 |
Gold prices in India are influenced by several global and domestic factors, including international bullion prices, US dollar movement, inflation expectations, central bank policies, and fluctuations in the rupee against the dollar. Analysts say gold continues to attract investors as a hedge against inflation and market uncertainty.
Why are gold and silver prices rising?
Bullion prices have remained volatile in recent weeks due to rising global economic uncertainty and strong investment demand.
Silver prices, meanwhile, also stayed firm across India. The price of silver today was recorded at ₹290 per gram and ₹2,90,000 per kilogram in several major cities, while Chennai, Hyderabad, and Kerala reported slightly higher rates.
Silver price today in India
| City | 10 Gram Silver Price | 100 Gram Silver Price | 1 Kg Silver Price |
| Chennai | ₹3,000 | ₹30,000 | ₹3,00,000 |
| Mumbai | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Delhi | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Kolkata | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Bangalore | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Hyderabad | ₹3,000 | ₹30,000 | ₹3,00,000 |
| Kerala | ₹3,000 | ₹30,000 | ₹3,00,000 |
Market experts say silver prices are largely driven by international demand, industrial consumption, and currency movements. A weaker rupee against the US dollar typically makes silver more expensive in India even if global prices remain stable.
With bullion prices remaining near record levels, investors are expected to keep a close watch on global cues, US inflation data, and MCX gold rate trends for further direction in the coming sessions.
Published: 12 May 2026, 07:58 am IST
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