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.
