Gold Rate Today (May 12, 2026): Gold Rebounds on Tuesday; 24K Up ₹1,850 Per 10 gm
By HDFC SKY | Published at: May 12, 2026 12:31 PM IST
Mumbai, May 12: Indian gold rates rose sharply Tuesday after crashing by ₹1,000 each on Monday.
On Tuesday, rates for 24K gold traded at ₹1,53,980 per 10 grams, up ₹1,850 from Monday’s levels which closed at ₹1,52,130. Rates for gold of 22-karat purity (91.6%) climbed ₹1,700 to ₹1,41,150 per 10 grams. While rates for 18K gold increased ₹1,390 to ₹1,15,490 per 10 grams.
Prices of the yellow metal fell for three straight sessions leading up to Monday on the back of fears surrounding US-Iran tensions and a stronger dollar. Gold rates had slumped ₹550 to ₹1,52,130 during Monday’s trading session alone. On Tuesday gold rates across all purity bands rose in unison, rallying in both rural and urban India.
The ₹540 increase per gram in the price of 24K gold (Rs.15,213 to Rs.15,398), ₹170 increase per gram in 22K gold prices (Rs.13,955 to Rs.14,125) and ₹139 increase per gram in 18K gold prices (Rs.11,310 to Rs.11,449) all coincided to point towards broad-based buying of gold bars and coins on Tuesday.
City-Wise Gold Rates: Southern & Western India
Chennai once again saw the highest prices for gold among India’s leading cities on Tuesday with quotes of ₹1,56,330 for 24-karat gold, ₹1,43,300 for 22-karat gold and ₹1,19,500 for 18-karat gold on a 10 gram basis. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all reporting uniform pricing in line with national-level rates of ₹1,53,980 for 24K gold, ₹1,41,150 for 22K gold and ₹1,15,490 for 18K gold.
Delhi remained at a slight premium to gold’s national price on Tuesday, charging ₹1,54,130 per 10 grams for 24K gold, ₹1,41,300 per 10 grams for 22K gold and ₹1,15,640 per 10 grams for 18K gold. Gujarat cities of Vadodara and Ahmedabad were quoting gold prices tied to Mumbai, but at a consistent premium throughout all purity bands: ₹1,54,030 per 10 grams for 24K gold, ₹1,41,200 per 10 grams for 22K gold and ₹1,15,540 per 10 grams for 18K gold.
Silver Rallies ₹15 on Tuesday After Rangebound Trade Last Two Sessions
India’s wholesale price for silver was last seen trading at ₹290 per gram on Tuesday morning — ₹15 higher than Monday’s closing price of ₹275 per gram. Silver for delivery quoted at ₹2,900 per 10 grams and ₹2,90,000 per kilogram.
India’s benchmark silver price had traded within a narrow range across two consecutive sessions on May 10 and May 11, coming under pressure on Monday amid higher supply. The metal’s recent recovery was propelled by fresh investor interest amid the geopolitical crisis between Iran and the US, with traders attributing today’s move higher to comments made by President Donald Trump late Monday night.
| City | 24K — 10 gm (₹) | 22K — 10 gm (₹) | 18K — 10 gm (₹) |
| Chennai | 1,56,330 | 1,43,300 | 1,19,500 |
| Mumbai | 1,53,980 | 1,41,150 | 1,15,490 |
| Delhi | 1,54,130 | 1,41,300 | 1,15,640 |
| Kolkata | 1,53,980 | 1,41,150 | 1,15,490 |
| Bangalore | 1,53,980 | 1,41,150 | 1,15,490 |
| Hyderabad | 1,53,980 | 1,41,150 | 1,15,490 |
| Kerala | 1,53,980 | 1,41,150 | 1,15,490 |
| Pune | 1,53,980 | 1,41,150 | 1,15,490 |
| Vadodara | 1,54,030 | 1,41,200 | 1,15,540 |
| Ahmedabad | 1,54,030 | 1,41,200 | 1,15,540 |
Source:
- goodreturns.in | Tuesday, May 12, 2026
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