Live Gold Prices: March 12, 2026 - Current Rates for 22K, 24K, and 18K Gold
Gold Prices Edge Lower in India on 12 March
The gold market in India experienced a decline on 12 March, tracking losses in global bullion markets. The stronger US dollar and fading expectations of near-term interest rate cuts weighed on the international precious metal. At 10:37 am, MCX Gold April futures fell by 0.31% to ₹1,61,288 per 10 grams.
MCX Silver May contracts also declined by 0.5% to ₹2,67,150 per kg. According to India Bullions data, the prices of 24-carat gold were ₹1,61,940/10 gm at 10:40 am, while 22-carat gold was priced at ₹1,48,445/10 gms. Silver prices stood at ₹2,67,510/kg (Silver 999 Fine).
Historical Performance Over the past two decades, gold prices have surged by 1,500%, delivering a compounded annual return of 15.6%. This makes gold the highest-performing asset class over the same period, with investments multiplying by 18.3 times.
Read also: Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
Current Gold Rates Here are the current gold rates for major cities in India:
| City | 24-carat Gold Rate | 22-carat Gold Rate | MCX Gold Rate | Silver Bullion Rate | MCX Silver 999 Rate |
|---|---|---|---|---|---|
| Mumbai | ₹1,61,750/10 gm | ₹1,48,271/10 gm | ₹1,61,398/10 gm | ₹2,67,020/kg | ₹2,67,020/kg |
| New Delhi | ₹1,61,470/10 gm | ₹1,48,014/10 gm | ₹1,61,398/10 gm | ₹2,66,560/kg | ₹2,66,560/kg |
| Ahmedabad | ₹1,61,960/10 gm | ₹1,48,463/10 gm | ₹1,61,398/10 gm | ₹2,67,380/kg | ₹2,67,380/kg |
| Bengaluru | ₹1,63,350/10 gm | ₹1,49,738/10 gm | ₹1,61,398/10 gm | ₹2,67,230/kg | ₹2,67,230/kg |
| Kolkata | ₹1,63,010/10 gm | ₹1,49,426/10 gm | ₹1,61,398/10 gm | ₹2,66,670/kg | ₹2,66,670/kg |
| Hyderabad | ₹1,63,480/10 gm | ₹1,49,857/10 gm | ₹1,61,398/10 gm | ₹2,67,450/kg | ₹2,67,450/kg |
| Chennai | ₹1,62,220/10 gm | ₹1,48,702/10 gm | ₹1,61,398/10 gm | ₹2,67,800/kg | ₹2,67,800/kg |
Note that retail customers may be charged additional making charges, taxes, and GST by jewellers, which may increase the final price of the purchase.
Investor Takeaway
Gold prices may be affected by a stronger US dollar and interest rate cuts.
More in General
Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
Gold and Silver Prices in India: A Review of Current Rates Across Major Cities
Silver Price Plunge Continues Amid Strong US Job Report and Escalating Middle East Tensions
