Gold Price Today, October 12, 2026: Gold prices witnessed a decline in several Indian cities on Monday morning, offering some relief to buyers planning to purchase jewellery during the festive season. According to the latest reported rates, 24-carat gold is priced at ₹1,51,560 per 10 grams in Delhi, while the rate in Mumbai stands at ₹1,51,410.

The price of 22-carat gold, commonly used for jewellery, is reported at ₹1,38,940 per 10 grams in Delhi and ₹1,38,790 in Mumbai. Similar rates have been reported in several other major cities, including Chennai, Kolkata, Hyderabad, and Bengaluru.

Despite the latest decline, gold recorded a strong performance during the previous week. In some Indian markets, 24-carat gold became costlier by as much as ₹2,240 per 10 grams, while 22-carat gold registered an increase of up to ₹2,050.

Internationally, spot gold was quoted at $4,200.23 per ounce in the supplied morning market report, reflecting continued investor interest in precious metals.

Here is a detailed look at the gold price on October 12, 2026, including 22K and 24K gold rates, city-wise comparisons, silver prices, and factors influencing the bullion market.

Gold Price Today: Latest 22-Carat and 24-Carat Rates on October 12

Gold prices differ slightly across Indian cities because of local market conditions, transportation expenses, dealer premiums, and other pricing factors.

The following table provides the reported gold prices in ten major Indian cities on October 12, 2026.

Note: These are indicative prices from the supplied October 12 morning report and have not been independently verified against live bullion quotations. Actual jewellery prices may include GST, making charges, and dealer premiums.

Gold Price in Delhi, Mumbai, Chennai and Kolkata

In the national capital, 24-carat gold is reported at ₹1,51,560 per 10 grams, while 22-carat gold is available at an indicative rate of ₹1,38,940.

Mumbai's reported gold prices are slightly lower, with 24-carat gold at ₹1,51,410 and 22-carat gold at ₹1,38,790 per 10 grams.

Chennai and Kolkata are showing the same indicative rates as Mumbai.

Meanwhile, Ahmedabad and Bhopal have 24-carat gold priced at ₹1,51,460 per 10 grams, with 22-carat gold at ₹1,38,840.

Jaipur, Lucknow, and Chandigarh are reporting rates similar to Delhi.

The price difference between these cities highlights why buyers should compare local quotations before purchasing gold.

How Much Does Gold Cost for 1 Gram, 8 Grams and 10 Grams?

Consumers purchasing gold jewellery often calculate their budget according to the weight of the item.

Based on the reported Delhi gold prices, the approximate metal value for different quantities is as follows:

These calculations represent the indicative value of the gold content only.

The final amount charged by a jewellery retailer may be higher because of making charges, applicable taxes, and other product-specific costs.

Gold Prices Decline After a Strong Weekly Rally

Although gold prices were reported lower on October 12, the previous trading week witnessed a notable increase.

According to the supplied market information, 24-carat gold became costlier by up to ₹2,240 per 10 grams in certain Indian cities during the preceding week.

Similarly, 22-carat gold prices rose by as much as ₹2,050 per 10 grams.

The international gold market also recorded gains, with prices strengthening by approximately 1.3% over the week.

This suggests that the latest domestic decline occurred after a period of upward price movement.

However, a single day's correction does not necessarily indicate that a sustained downward trend has begun.

International Gold Price: Spot Gold Near $4,200 Per Ounce

Global gold prices remain an important factor influencing the Indian bullion market.

According to the supplied October 12 morning update, international spot gold was trading around $4,200.23 per troy ounce.

A troy ounce is the standard unit used for trading precious metals internationally and is equivalent to approximately 31.1 grams.

Gold prices in international markets are influenced by several factors, including US interest rates, inflation expectations, currency movements, and geopolitical developments.

When international gold prices increase, domestic prices may also face upward pressure.

However, the relationship is not always direct because changes in the rupee-dollar exchange rate and local market conditions can influence the final Indian price.

Why Are Gold Prices Changing in October 2026?

Several domestic and international developments are affecting the direction of gold prices.

1. US Dollar Movements

Gold is generally priced in US dollars in international markets.

A stronger dollar can make gold more expensive for buyers using other currencies, potentially affecting demand.

A weaker dollar may support international gold prices, although other market conditions also play a role.

2. US Federal Reserve Interest Rate Expectations

Investors closely monitor the Federal Reserve's monetary policy decisions.

Gold does not provide regular interest income, so higher bond yields can make interest-bearing assets relatively more attractive.

Conversely, expectations of lower interest rates may increase investor interest in gold.

3. International Crude Oil Prices

Oil prices can influence inflation expectations and broader financial market sentiment.

A sudden increase in crude oil prices may create additional inflationary pressure.

This could affect expectations about central bank interest rates and indirectly influence gold prices.

4. Indian Rupee Against the Dollar

India imports a substantial proportion of its gold requirements.

When the rupee weakens against the US dollar, imported gold becomes more expensive in domestic currency terms.

A stronger rupee can help reduce the impact of rising international gold prices.

5. Festive and Wedding Season Demand

Gold holds cultural and financial importance in India, particularly during festivals and weddings.

Demand for jewellery, coins, and other gold products can increase during periods of traditional purchasing.

However, seasonal demand is only one of several factors affecting prices.

Expert Outlook: Will Gold Prices Rise Again?

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, expects gold prices to remain within a relatively narrow trading range while maintaining a slightly positive bias, according to the supplied report.

However, he has also highlighted the possibility that a sudden increase in crude oil prices could create pressure on the precious metal.

The outlook reflects the uncertainty surrounding global economic developments.

Inflation data, currency movements, and monetary policy expectations may influence whether gold prices move higher or experience further corrections.

Investors should remember that expert projections are assessments rather than guaranteed price outcomes.

Silver Price Today, October 12, 2026: Latest Rates in India

Silver also recorded a decline in the supplied morning bullion update.

According to the report, silver was priced at ₹2,39,900 per kilogram in India on October 12.

Despite the latest weakness, the metal reportedly gained ₹5,000 per kilogram during the previous week.

International spot silver was quoted at approximately $61.08 per ounce.

These figures reflect the supplied morning report. Retail prices may differ across cities, dealers, and quotation times.

Silver prices are influenced by both investment demand and industrial consumption.

The metal is widely used in electronics, solar panels, electrical equipment, and other industrial applications.

Consequently, changes in manufacturing activity and global economic expectations can also influence silver prices.

What Is the Difference Between 22K and 24K Gold?

Buyers should understand gold purity before purchasing jewellery or investment products.

24-carat gold is approximately 99.9% pure and is commonly used for investment-grade coins and bars. Because it is relatively soft, it is less suitable for many types of everyday jewellery.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals. It is commonly used for traditional gold jewellery.

The difference in purity explains why 24-carat gold generally costs more per gram than 22-carat gold.

Customers should check the appropriate BIS hallmark and purity details when buying hallmarked jewellery.

Should You Buy Gold Now or Wait for Further Price Corrections?

The recent decline may attract consumers planning jewellery purchases for upcoming celebrations.

However, predicting the lowest possible buying price is difficult.

Gold prices can change because of international economic announcements, currency fluctuations, and shifts in investor sentiment.

Customers purchasing jewellery should compare prices from different retailers and review making charges, hallmarking details, and the final bill.

Investors should consider their financial objectives, risk tolerance, and investment horizon before allocating money to gold.

Short-term price movements alone may not provide sufficient information for making an investment decision.

Gold Price Today, October 12: Final Update

Gold prices were reported lower in several Indian cities on Monday morning following gains during the previous week.

The supplied price list places 24-carat gold at ₹1,51,560 per 10 grams in Delhi and Jaipur, while Mumbai, Chennai, and Kolkata report ₹1,51,410.

For 22-carat gold, the quoted rate is ₹1,38,940 per 10 grams in Delhi and ₹1,38,790 in Mumbai.

Meanwhile, silver is reported at ₹2,39,900 per kilogram in the morning update.

The key takeaway: Gold buyers may find some relief from the latest reported correction, but international market conditions and currency movements could continue to influence prices. Consumers should verify the latest rates with a trusted jeweller before making a purchase.

Disclaimer: This article is intended for general information and does not constitute investment advice. The prices are based on the supplied October 12, 2026 market report and have not been independently verified in real time. Consult a qualified financial adviser before making investment decisions.