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Gold and silver prices in India dropped over Rs 2000 on August 12. In Mumbai, 24-carat gold was Rs 1,01,400 per 10 grams, and silver was Rs 1,15,000 per kg.
Gold Prices Today, August 12.
Gold and Silver Price In India, August 12: Gold and silver prices fell over Rs 2000 on Tuesday morning. In Mumbai, gold prices traded at Rs 1,01,400 per 10 gram for 24-carat gold. Likewise, the price for 22-carat was Rs 92,950 per 10 gram.
Silver, however, traded Rs 2000 lower at Rs 1,15,000 per kg across India.
However, in the futures market on the MCX, gold futures (expiring on October 03, 2025) were trading lower by 0.02% at Rs 1,00,300 per 10 gram, whereas silver (expiring on September 5, 2025) traded 0.23% up at Rs 1,13,560 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 12?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 93,100 | Rs 1,01,550 |
| Jaipur | Rs 93,100 | Rs 1,01,550 |
| Ahmedabad | Rs 93,000 | Rs 1,01,450 |
| Patna | Rs 93,000 | Rs 1,01,450 |
| Mumbai | Rs 92,950 | Rs 1,01,400 |
| Hyderabad | Rs 92,950 | Rs 1,01,400 |
| Chennai | Rs 92,950 | Rs 1,01,400 |
| Bengaluru | Rs 92,950 | Rs 1,01,400 |
| Kolkata | Rs 92,950 | Rs 1,01,400 |
RBI MPC Keeps Repo Rate Unchanged
RBI MPC decided to keep the repo rate unchanged at 5.50 per cent in August meet, along with maintaining the “Neutral” instance.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange 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.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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