Gold Rate Today, 12 May: Check 24K and 22K Gold Prices in Delhi, Mumbai and Kolkata

Gold prices in India remained largely unchanged on Tuesday, May 12, 2026, offering little movement for buyers and investors. Both 24-karat and 22-karat gold rates held steady across major cities, while silver prices also showed only mild fluctuations.

Despite the quiet domestic market, global developments continue to keep precious metals in focus. Rising geopolitical tensions in the Middle East and uncertainty around the US-Iran ceasefire are supporting demand for gold as a safe-haven asset.

MCX Gold and Silver Futures Edge Higher

In the commodity market, gold and silver futures traded in positive territory during early morning trade.

• MCX Gold June Futures: ₹1,54,470 per 10 grams, up 0.09%
• MCX Silver July Futures: ₹2,81,460 per kg, up 0.99%

This indicates that while retail prices remain stable, sentiment in the bullion market is still bullish.

Why Global Events Are Supporting Gold Prices

Gold often shines during times of uncertainty, and current geopolitical developments are adding to that appeal.

Strait of Hormuz Concerns

Saudi Aramco CEO Amin H. Nasser warned that if disruptions in the Strait of Hormuz continue, oil markets may not return to normal until 2027. According to him, the closure of this crucial shipping route could remove nearly 100 million barrels of oil supply every week.

US-Iran Ceasefire Under Pressure

US President Donald Trump said that the ceasefire with Iran is “on life support,” signaling that tensions remain far from resolved. Continued attacks in and around the Strait of Hormuz have kept global markets on edge.

As uncertainty rises, investors often turn to gold and silver for safety.

Gold Rates in Major Indian Cities on May 12, 2026

Mumbai

24K Gold: ₹1,54,240 per 10 grams
22K Gold: ₹1,41,423 per 10 grams
Silver: ₹2,81,090 per kg

New Delhi

24K Gold: ₹1,54,000 per 10 grams
22K Gold: ₹1,41,167 per 10 grams
Silver: ₹2,81,250 per kg

Bengaluru

24K Gold: ₹1,54,380 per 10 grams
22K Gold: ₹1,41,515 per 10 grams
Silver: ₹2,81,960 per kg

Kolkata

24K Gold: ₹1,54,060 per 10 grams
22K Gold: ₹1,41,222 per 10 grams
Silver: ₹2,81,360 per kg

Hyderabad

24K Gold: ₹1,54,510 per 10 grams
22K Gold: ₹1,41,634 per 10 grams
Silver: ₹2,82,180 per kg

Chennai

24K Gold: ₹1,54,930 per 10 grams
22K Gold: ₹1,42,019 per 10 grams
Silver: ₹2,83,000 per kg

Among major cities, Chennai recorded the highest rates for both gold and silver.

24K vs 22K Gold: What’s the Difference?

24-karat gold is 99.9% pure and mainly preferred for investment.
22-karat gold contains 91.6% pure gold and is more durable, making it ideal for jewellery.

If you are buying ornaments, 22K is usually the better choice, while 24K is preferred for coins and bars.

Gold’s Remarkable Rally Over the Past Year

Gold has delivered exceptional returns over the last year. In many cities, 24K gold has climbed more than 60% compared to May 2025.

For instance, the price of 10 grams of 24K gold rose from around ₹95,920 in May 2025 to over ₹1,54,000 in May 2026.

This impressive rally reflects growing investor interest amid global economic uncertainty.

Silver Outpaces Gold

Silver has posted even stronger gains. Prices that were around ₹78,600 per kg in 2023–24 have surged to above ₹2.8 lakh per kg in 2026, driven by industrial demand, currency moves, and investor buying.

What Lies Ahead for Gold Prices?

The next move in gold and silver will largely depend on how geopolitical tensions unfold, especially in the Middle East. If uncertainty persists, precious metals may continue to attract safe-haven demand.

For now, Indian retail prices remain stable, but the broader trend still points to strong investor interest in gold and silver.

Disclaimer: This information is meant for general awareness and is based on publicly available data. Gold and silver prices change frequently throughout the day. Please check with your local jeweller or financial advisor before making any investment or purchase decision.