Gold and silver prices across India remained relatively stable on Sunday, April 12, 2026. Retail rates for both 24-karat and 22-karat gold saw minimal changes across major metropolitan centers. While the yellow metal does not trade on the MCX over the weekend, last recorded levels showed gold hovering near the ₹ 1.5 lakh mark.
The price for 24-karat gold stood at ₹ 152,890 per 10 gram at 10:24 am. Concurrently, 22-karat gold was valued at ₹ 140,149 per 10 gram in the retail segment. Meanwhile, the Indian Bullion Association (IBA) pegged the price of 999 Fine Silver at ₹ 244,230 per 1 kg.
City-Wise Retail Rates for Gold and Silver on April 12
The premium pricing for precious metals varied slightly across India's major markets. In Mumbai, 24K gold was quoted at ₹ 152,620 per 10 gm, with 22K gold at ₹ 139,902 per 10 gm. Silver 999 Fine in Mumbai registered at ₹ 243,790 per 1 kg.New Delhi saw 24K gold priced at ₹ 152,350/10 gm, and 22K gold at ₹ 139,654/10 gm. The rate for Silver 999 Fine in the capital was ₹ 243,370/1 kg.
Ahmedabad recorded 24K gold at ₹ 152,820/10 gm, while 22K gold was priced higher at ₹ 140,085/10 gm. Silver 999 Fine in Ahmedabad stood at ₹ 244,110/1 kg.
Bengaluru’s retail pricing showed 24K gold at ₹ 152,740/10 gm and 22K gold at ₹ 140,012/10 gm. Silver 999 Fine in Bengaluru was ₹ 243,980/1 kg.
Kolkata reported 24K gold at ₹ 152,420/10 gm, with 22K gold priced at ₹ 139,718/10 gm. Silver 999 Fine in Kolkata was ₹ 243,470/1 kg.
Hyderabad showed 24K gold at ₹ 152,860/10 gm and 22K gold at ₹ 140,122/10 gm. Silver 999 Fine in Hyderabad was ₹ 244,180/1 kg.
Chennai listed 24K gold at ₹ 153,060/10 gm, topping out the listed rates. 22K gold followed closely at ₹ 140,305/10 gm, with Silver 999 Fine at ₹ 244,500/1 kg.
Understanding Gold Purity and Market Drivers
The market generally differentiates between 24-karat and 22-karat gold purity. While 24K is considered the purest form, the 22K standard remains highly popular for jewellery due to its noted solidity.Internationally, the gold market is heavily influenced by geopolitical factors. Traders are reportedly weighing the path of a fragile ceasefire as talks between the US and Iran commence over the weekend.
Analyzing Historical Trajectories of Precious Metals
Looking at broader trends, gold experienced its strongest bull run since 1979, achieving a rise exceeding 75%. In India, the yellow metal saw a significant appreciation of around 16%, climbing from ₹ 135,257 in early January to ₹ 157,480 in early March.Though the metal paused amid profit booking, recent activity suggests renewed firmness in prices. Silver prices have exhibited even steeper growth, having risen from roughly ₹ 78,600/kg in 2023-2024 to over ₹ 200,000/kg in early 2026.
Both gold and silver remain prone to price volatility. This susceptibility is largely linked to recent geopolitical developments, such as the US-Iran situation, which triggers mixed reactions across the commodities market.
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