Gold Price Today in India 12 May 2026 sees a fresh decline in gold rates across major cities. Check latest 24K, 22K and 18K gold prices, MCX gold rates and city-wise gold jewellery prices today.
The Gold Price Today in India 12 May 2026 has once again witnessed a decline, bringing some relief for jewellery buyers and investors. Gold prices on the Multi Commodity Exchange (MCX) slipped during early morning trade as a stronger US dollar and rising crude oil prices continued to put pressure on bullion markets.
People planning to buy jewellery during the wedding season are closely tracking the Gold Price Today in India 12 May 2026, especially for 24K, 22K and 18K gold rates in major cities like Delhi, Mumbai, Jaipur, Lucknow and Kolkata.
Gold Price Today in India 12 May 2026
According to the latest market update, the Gold Price Today in India 12 May 2026 for 24 carat gold stands at ₹15,213 per gram, which is ₹22 lower than yesterday’s price.
Meanwhile:
- 22K gold price today is ₹13,945 per gram
- 18K gold price today is ₹11,410 per gram
The drop in prices has increased customer interest in jewellery markets across the country.
Today Gold Rate in Major Indian Cities (Per Gram)
| City | 24K Gold Price | 22K Gold Price | 18K Gold Price |
|---|---|---|---|
| Lucknow | ₹15,228 | ₹13,960 | ₹11,425 |
| Jaipur | ₹15,228 | ₹13,960 | ₹11,425 |
| Delhi | ₹15,228 | ₹13,960 | ₹11,425 |
| Patna | ₹15,218 | ₹13,950 | ₹11,415 |
| Mumbai | ₹15,213 | ₹13,945 | ₹11,410 |
| Ahmedabad | ₹15,218 | ₹13,950 | ₹11,415 |
| Pune | ₹15,213 | ₹13,945 | ₹11,410 |
| Kolkata | ₹15,213 | ₹13,945 | ₹11,410 |
| Meerut | ₹15,228 | ₹13,960 | ₹11,425 |
| Ludhiana | ₹15,228 | ₹13,960 | ₹11,425 |
The Gold Price Today in India 12 May 2026 varies slightly depending on local taxes, transportation charges and jeweller margins.
24K Gold Rate Today
The 24K Gold Rate Today in India is ₹15,213 per gram. On a 10-gram basis, the price of 24 carat gold stands at ₹1,52,130, which is ₹220 cheaper than yesterday.
24K gold is considered the purest form of gold and is mostly preferred for investment purposes such as coins and bars.
22K Gold Rate Today
The 22K Gold Rate Today is ₹13,945 per gram, while the price for 10 grams stands at ₹1,39,450.
Most jewellery buyers in India prefer 22K gold because it offers better durability while maintaining high purity levels.
MCX Gold Rates Today
The Gold Price Today in India 12 May 2026 also reflects weakness in MCX trading.
MCX Gold June futures slipped by 0.10% and were trading at ₹1,52,376 per 10 grams. Analysts believe the strengthening US dollar index and rising crude oil prices are creating pressure on gold prices globally.
Brent crude oil surged nearly 5% and crossed the $105 per barrel mark, leading to increased volatility in commodity markets.
International Gold Prices Today
Global gold prices also remained under pressure amid uncertainty regarding geopolitical tensions and stronger currency movements.
Here are the latest international 24K gold prices per gram:
| Country | Local Price | Price in INR |
|---|---|---|
| Bahrain | BHD 57.80 | ₹14,587 |
| Kuwait | KWD 47.20 | ₹14,673 |
| Malaysia | MYR 606 | ₹14,674 |
| Oman | OMR 59.75 | ₹14,775 |
| Qatar | QAR 567.50 | ₹14,822 |
| Saudi Arabia | SAR 585 | ₹14,846 |
| Singapore | SGD 203 | ₹15,234 |
| UAE | AED 568.25 | ₹14,729 |
| USA | USD 155.50 | ₹14,812 |
The Gold Price Today in India 12 May 2026 continues to remain influenced by global commodity trends and international currency movements.
Why Gold Prices Are Falling Today
Market experts believe that uncertainty surrounding the Iran-US peace discussions has impacted investor sentiment.
According to commodity expert Manav Modi, gold prices initially gained strength due to global tensions, but later softened as the US dollar strengthened.
Whenever the dollar becomes stronger, gold prices usually witness pressure because investors shift toward safer currency-based assets.
Previous Trading Session Gold Update
In the previous trading session, gold futures on MCX had surged by ₹689 per 10 grams due to strong spot demand and fresh buying from traders.
The August delivery gold contract rose 0.45% to ₹1,52,950 per 10 grams. Internationally, gold prices in New York climbed 0.91% and traded near $4,728.57 per ounce.
However, the latest Gold Price Today in India 12 May 2026 indicates a fresh correction after yesterday’s rally.
Should You Buy Gold Now?
Experts suggest that the current decline in the Gold Price Today in India 12 May 2026 may offer a good buying opportunity for long-term investors and wedding season shoppers.
However, buyers should always compare local jewellery shop prices because making charges and taxes can vary from city to city.
Gold Price Today in India 12 May 2026
The Gold Price Today in India 12 May 2026 has brought relief for customers as gold rates witnessed another decline across major Indian cities. With 24K, 22K and 18K gold becoming slightly cheaper, jewellery demand may improve further in the coming days.
