Gold rate today in India on May 12, 2024. (Representative image)
Check gold rates today in different cities on May 12, 2024; (In Rs/10 grams)
Gold Rate Today In India: On May 12, 2024, gold prices were unchanged in India in the spot market. The price for 10 grams remained close to Rs 73,360. A thorough analysis of the market revealed that the average price for 10 grams of 24-carat gold was approximately Rs 73,360, while 22-carat gold averaged around Rs 67,250.
At the same time, the silver market displayed an upward trend, reaching Rs 87,000 per kilogram.
Gold rate today in India: Retail gold price on May 12
Gold Rate Today In Delhi
As of May 12, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 67,400, whereas 10 grams of 24-carat gold is priced at around Rs 73,510.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 67,250, while the equivalent amount of 24-carat gold is valued at Rs 73,360.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 67,300, and for the same amount of 24-carat gold, it’s Rs 73,410.
Check gold rates today in different cities on May 12, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
| Chennai | 67,500 | 73,640 |
| Kolkata | 67,250 | 73,360 |
| Gurugram | 67,400 | 73,510 |
| Lucknow | 67,400 | 73,510 |
| Bengaluru | 67,250 | 73,360 |
| Jaipur | 67,400 | 73,510 |
| Patna | 67,300 | 73,410 |
| Bhubaneshwar | 67,250 | 73,360 |
| Hyderabad | 67,250 | 73,360 |
Multi Commodity Exchange
On May 12, 2024, the Multi Commodity Exchange (MCX) remained closed as the bourse remains closed on Saturdays and Sundays.
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
