New Delhi, May 12, 2025 — The domestic bullion market witnessed a sharp decline in gold and silver prices today, offering a brief breather to buyers. According to trade reports, gold prices fell by ₹1,650 to ₹1,800 per 10 grams, while silver weakened by ₹1,100 per kilogram across major Indian cities.
Following the correction, 24-carat gold is now trading between ₹96,880 and ₹97,030 per 10 grams, and 22-carat gold ranges from ₹88,800 to ₹88,950 per 10 grams.
📉 Gold Price Breakdown (City-wise, May 12)
| City | 24-Carat (₹/10g) | 22-Carat (₹/10g) |
|---|---|---|
| Delhi | ₹97,030 | ₹88,950 |
| Mumbai | ₹96,880 | ₹88,800 |
| Ahmedabad | ₹96,930 | ₹88,850 |
| Chennai | ₹96,880 | ₹88,800 |
| Kolkata | ₹96,880 | ₹88,800 |
| Lucknow | ₹97,030 | ₹88,950 |
| Patna | ₹96,930 | ₹88,850 |
| Jaipur | ₹97,030 | ₹88,950 |
| Bengaluru | ₹96,880 | ₹88,800 |
| Hyderabad | ₹96,880 | ₹88,800 |
| Bhubaneswar | ₹96,880 | ₹88,800 |
💍 Silver Price Update
Delhi Sarafa Bazaar: Silver is now trading at ₹97,900 per kilogram, down ₹1,100 from the previous session.
🔍 Why the Sudden Drop in Prices?
Market analysts attribute the drop to:
Global cues indicating cooling demand for bullion amid stable economic outlook
Strengthening of the Indian rupee against the dollar
Profit booking by investors after recent highs in gold and silver rates
⚠️ What Should Buyers Know?
This could be a temporary price correction, ideal for those looking to invest or purchase jewellery.
However, prices remain volatile, and further adjustments may occur depending on global markets, inflation trends, and geopolitical tensions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
