Gold prices in India staged a strong rally in the second half of January, breaking out of consolidation and surging to a record high of ₹17,885 per gram on January 29. The sharp advance was followed by swift profit-taking, triggering a steep pullback in the sessions that followed.

In early February, the market shifted into a volatile consolidation phase. The 24K benchmark hovered around ₹15,660 on February 8, climbed to ₹15,884 on February 9, slipped to ₹15,791 on February 10, edged up to ₹15,851 on February 11, and has now eased slightly to ₹15,840 on February 12 across most major cities. The recent back-and-forth movement indicates persistent choppiness, with gold attempting to stabilise at lower levels after the sharp correction from its January peak.

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Gold Prices Today in India February 12, 2026

As of 10:40 AM on February 12, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• Gold Price Today in Chennai: 24K at ₹15,928, 22K at ₹14,600, 18K at ₹12,600.
• Gold Price Today in Bangalore:24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• Gold Price Today in Hyderabad: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• Gold Price Today in Kerala: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• Gold Price Today in Delhi: 24K at ₹15,855, 22K at ₹14,535, 18K at ₹11,895.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• February 12th: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• February 11th: 24K at ₹15,851, 22K at ₹14,530, 18K at ₹11,889.
• February 10th: 24K at ₹15,791, 22K at ₹14,475, 18K at ₹11,844.
• February 9th: 24K at ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• February 8th: 24K at ₹15,660, 22K at ₹14,355, 18K at ₹11,745.

Gold prices in India continue to trade in a volatile range after the sharp correction from late-January record highs. The 24K rate, which had rebounded to ₹15,884 on February 9, slipped to ₹15,791 on February 10, edged up to ₹15,851 on February 11, and has now eased slightly to ₹15,840 on February 12. Similarly, 22K gold rose to ₹14,560 on February 9, fell to ₹14,475 on February 10, inched up to ₹14,530 on February 11, and softened marginally to ₹14,520 on February 12. Overall, the back-and-forth movement over the past few sessions suggests consolidation at lower levels, with prices stabilising but still exhibiting short-term volatility following January’s steep decline.

Gold Market Outlook

Gold prices in India continue to move in a narrow, volatile range after the sharp correction from late-January highs. The 24K rate rebounded to ₹15,884 on February 9, slipped to ₹15,791 on February 10, edged up to ₹15,851 on February 11, and has now eased slightly to ₹15,840 on February 12, pointing to consolidation rather than a sustained recovery. Similarly, 22K gold rose to ₹14,560 on February 9 before dipping to ₹14,475, recovering to ₹14,530, and now softening marginally to ₹14,520. 18K gold followed the same pattern, moving from ₹11,913 to ₹11,844, then to ₹11,889, and currently at ₹11,880. Overall, prices appear to be stabilising at lower levels, but the repeated up-and-down moves reflect cautious sentiment and the absence of strong follow-through buying.

Conclusion

As of February 12, gold prices across major cities are trading around ₹15,840 per gram for 24K, ₹14,520 for 22K, and ₹11,880 for 18K. Chennai continues to quote at a premium, with 24K gold at ₹15,928. While the market has steadied after the early-February pullback, the inability to build sustained upward momentum suggests that gold remains range-bound in the near term, with prices sensitive to global trends and currency movements.