Gold Prices Surge to ₹15,398 on May 12 After Brief Consolidation: Check Latest 24K, 22K and 18K Rates Across Major Cities

Gold prices in India rebounded strongly through early May before surging further on May 12. After recovering from the recent low of ₹14,918 on May 5, the 24K gold rate rose to ₹15,131 on May 6, ₹15,246 on May 7, and ₹15,268 on May 8, signalling strengthening momentum following the correction phase. Although prices eased slightly to ₹15,213 on May 11, gold rebounded sharply again to ₹15,398 on May 12, indicating renewed buying interest after the brief consolidation.

Earlier, prices had slipped to ₹15,066 on April 30 after declining from ₹15,300 on April 28 and ₹15,137 on April 29, reflecting sustained volatility following the strong rally seen earlier in April. Before the correction, gold prices had surged sharply from ₹15,148 on April 9 to ₹15,300 on April 10, before climbing further to ₹15,535 on April 15 and peaking at ₹15,577 on April 16. Profit booking then emerged, with prices easing to ₹15,420 on April 17 and stabilising around ₹15,529 during April 20–21 before the broader pullback began.

Despite the recent rebound, gold prices continue to remain volatile and sensitive to global sentiment, currency movements, interest rate expectations, and broader market trends.

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Gold Prices Today in India May 12, 2026

On May 12th, gold rate today across major Indian cities decline 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 ₹15,398, 22K at ₹14,115, 18K at ₹11,549.
• Gold Price Today in Chennai: 24K at ₹15,633, 22K at ₹14,330, 18K at ₹11,950.
• Gold Price Today in Bangalore: 24K at ₹15,398, 22K at ₹14,115, 18K at ₹11,549.
• Gold Price Today in Hyderabad: 24K at ₹15,398, 22K at ₹14,115, 18K at ₹11,549.
• Gold Price Today in Kerala: 24K at ₹15,398, 22K at ₹14,115, 18K at ₹11,549.
• Gold Price Today in Delhi: 24K at ₹15,413, 22K at ₹14,130, 18K at ₹11,564.

Recent Gold Price Movements in India

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

• May 12th: 24K at ₹15,398, 22K at ₹14,115, 18K at ₹11,549.
• May 11th: 24K at ₹15,213, 22K at ₹13,945, 18K at ₹11,410.
• May 8th: 24K at ₹15,268, 22K at ₹13,995, 18K at ₹11,451.
• May 7th: 24K at ₹15,246, 22K at ₹13,975, 18K at ₹11,434.
• May 6th: 24K at ₹15,131, 22K at ₹13,870, 18K at ₹11,348.

Gold prices in India remained volatile through late April and early May. After peaking at ₹15,577 on April 16, 24K gold corrected sharply, falling to ₹15,066 on April 30 and ₹14,918 on May 5, before rebounding steadily to ₹15,131 on May 6, ₹15,246 on May 7, and ₹15,268 on May 8. Prices then eased slightly to ₹15,213 on May 11 before surging again to ₹15,398 on May 12, signalling renewed bullish momentum after brief consolidation.

Similarly, 22K gold declined from ₹14,260 in mid-April to ₹13,675 on May 5, before recovering to ₹13,870 on May 6, ₹13,975 on May 7, and ₹13,995 on May 8. After a marginal dip to ₹13,945 on May 11, prices rebounded strongly to ₹14,115 on May 12.

The 18K rate followed the same trend, easing from ₹11,668 in mid-April to ₹11,189 on May 5, before rebounding to ₹11,348 on May 6, ₹11,434 on May 7, and ₹11,451 on May 8. By May 11, the rate softened slightly to ₹11,410, before climbing sharply to ₹11,549 on May 12, reflecting renewed strength across all gold categories.

Gold Market Outlook

Gold prices in India remain volatile, though the recent rebound has strengthened again after a brief pause. After slipping to ₹14,918 on May 5, 24K gold recovered steadily to ₹15,131 on May 6, ₹15,246 on May 7, and ₹15,268 on May 8, before easing slightly to ₹15,213 on May 11. Prices then surged to ₹15,398 on May 12, signalling renewed bullish momentum after the short consolidation phase. Chennai and Delhi continue to trade at a premium compared to other major cities, while the broader market trend points toward improving sentiment after the sharp correction seen in late April.

Conclusion

As of May 12, gold prices across most major cities stand at around ₹15,398 per gram for 24K, ₹14,115 for 22K, and ₹11,549 for 18K gold. Chennai remains the highest-priced market, with 24K gold at ₹15,633, followed by Delhi at ₹15,413.

The strong rebound from May 11 levels suggests renewed buying interest in the domestic bullion market. While volatility remains elevated, gold prices continue to hold well above the lows recorded earlier in May.