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MCX gold trades lower by 0.24% at Rs 1,61,402 per 10 grams in the early trade on Thursday, while silver falls 0.59% to Rs 2,66,901 per kg.
Gold and Silver Rates Today, March 12.
Gold and Silver Rates In India Today, March 12: Gold and silver prices in India fell on March 12, pressured by a firmer US dollar, while higher oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts. On the MCX, gold was trading lower by 0.24% at Rs 1,61,402 per 10 grams in the early trade on Thursday, while silver fell 0.59% to Rs 2,66,901 per kg.
In Mumbai, the price of 24-carat gold increased to Rs 1,62,220 per 10 grams, while 22k gold was available at Rs 1,48,700 per 10 grams. These rates do not include GST and making charges.
Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On March 12?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,48,850 | Rs 1,62,370 |
| Jaipur | Rs 1,48,850 | Rs 1,62,370 |
| Ahmedabad | Rs 1,48,750 | Rs 1,62,270 |
| Pune | Rs 1,48,700 | Rs 1,62,220 |
| Mumbai | Rs 1,48,700 | Rs 1,62,220 |
| Hyderabad | Rs 1,48,700 | Rs 1,62,220 |
| Chennai | Rs 1,48,700 | Rs 1,62,220 |
| Bengaluru | Rs 1,48,700 | Rs 1,62,220 |
| Kolkata | Rs 1,48,700 | Rs 1,62,220 |
In the international market, US spot gold was down 0.5% at $5,151.51 per ounce as of 0346 GMT. US gold futures for April delivery fell 0.4% to $5,156.20.
The US dollar firmed 0.3%, making dollar-priced bullion more expensive for holders of other currencies.
“I think the USD strength and interrelated rates story is a slight headwind for gold despite the actual violence that’s taking place, which is otherwise supportive of gold,” said Nicholas Frappell, global head of institutional markets at ABC Refinery.
Iran said the world should brace for $200-a-barrel oil after its forces struck merchant ships on Wednesday, while the International Energy Agency urged a massive release of strategic reserves to blunt one of the worst oil shocks since the 1970s.
Oil prices jumped in early trade, adding to inflation pressures, as supplies from the Gulf remain constrained amid the US-Israeli war on Iran.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange 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.
March 12, 2026, 10:24 IST
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