Gold Prices Today on 12th May: Significant Drops Across Major Indian Cities

Gold prices in India took a significant hit on 12th May 2025, as both 22K and 24K gold saw substantial declines. After a slight uptick on Saturday, the prices have sharply retreated today. Currently, 22K gold is priced at ₹8,880 per gram, while 24K gold stands at ₹9,688 per gram.

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Cost of Gold in India Decreases on 12th May 2025

As of 10:51 AM on 12th May, gold rate today across major Indian cities have decreased notably. The price of 22K gold has dropped by ₹165 per gram, and 24K gold has fallen by ₹180 per gram. Here’s a look at today’s city-wise rates:

• Gold Price Today in Mumbai:  In Mumbai, 22K gold is priced at ₹8,880 per gram, while 24K gold stands at ₹9,688 per gram.
• Gold Price Today in Chennai: Chennai sees similar trends, with 22K gold at ₹8,880 per gram and 24K gold at ₹9,688 per gram.
• Gold Price Today in Bangalore:  In Bangalore, 22K gold is priced at ₹8,880 per gram, and 24K gold stands at ₹9,688 per gram.
• Gold Price Today in Hyderabad: Hyderabad prices reflect the national trend—22K gold is at ₹8,880, and 24K gold is at ₹9,688 per gram.
• Gold Price Today in Kerala: In Kerala, 22K gold is at ₹8,880, while 24K gold is priced at ₹9,688 per gram.
• Gold Price Today in Delhi: In Delhi, 22K gold has dropped to ₹8,895 per gram, and 24K gold stands at ₹9,703 per gram.
   

Recent Gold Price Trends in India

Gold prices have been relatively volatile in the last week, the sharp decline today marks a notable shift. Here’s a recap of the recent price movements:

• May 11: Market closed on Sunday.
• May 10: Gold rate increased slightly.
• May 9: Gold prices experienced a sharp retreat—22K gold fell ₹115 to ₹9,015 per gram, and 24K gold decreased ₹125 to ₹9,835 per gram.
• May 8: Prices showed a slight increase—22K gold rose ₹55 to ₹9,130, and 24K gold increased ₹60 to ₹9,960.
• May 7: Gold prices continued their upward trend—22K gold rose ₹50 to ₹9,075, and 24K gold climbed ₹54 to ₹9,900.
• May 6: A rally in gold prices—22K gold jumped ₹250 to ₹9,025, while 24K gold rose ₹273 to ₹9,846.
   

Conclusion

After a brief uptick on Saturday, gold prices took a significant downturn today. While this may present an opportunity for those looking to buy at lower levels, traders should keep an eye on global and regional developments. Monitoring the daily trends will be key to navigating these fluctuations effectively.