Gold and silver prices declined in the Indian bullion market on Tuesday, May 12, 2026, amid weak global cues, strength in the US dollar and lower domestic demand. Prices of precious metals remained under pressure due to international uncertainty and changing investor strategies linked to geopolitical tensions in the Middle East.
In the domestic bullion market, 24-carat gold prices declined by around Rs 220 per 10 grams compared with the previous trading session. Chennai recorded the steepest decline among major cities.
In Delhi, 24-carat gold was priced at Rs 1,52,270 per 10 grams, while 22-carat gold stood at Rs 1,39,590 per 10 grams, down Rs 220 from the previous session. In Mumbai, 24-carat gold was quoted at Rs 1,52,120 per 10 grams and 22-carat gold at Rs 1,39,440 per 10 grams, reflecting a decline of Rs 220. Kolkata reported identical prices, with 24-carat gold at Rs 1,52,120 per 10 grams and 22-carat gold at Rs 1,39,440 per 10 grams, also down Rs 220.
In Chennai, 24-carat gold prices stood at Rs 1,53,810 per 10 grams and 22-carat gold at Rs 1,40,990 per 10 grams, marking a decline of Rs 550. Bengaluru recorded 24-carat gold prices at Rs 1,52,120 per 10 grams and 22-carat gold at Rs 1,39,440 per 10 grams, down Rs 220. Hyderabad and Pune also recorded 24-carat gold prices at Rs 1,52,120 per 10 grams and 22-carat gold prices at Rs 1,39,440 per 10 grams, each down Rs 220.
In Ahmedabad, 24-carat gold was priced at Rs 1,52,180 per 10 grams and 22-carat gold at Rs 1,39,590 per 10 grams, reflecting a decline of Rs 200. Lucknow reported 24-carat gold prices at Rs 1,52,270 per 10 grams and 22-carat gold prices at Rs 1,39,590 per 10 grams, down Rs 220.
The quoted prices do not include GST and making charges. Final jewellery prices may vary depending on design and brand.
Silver prices also eased in the domestic market. Silver was quoted at around Rs 274.90 per gram and Rs 2,74,900 per kilogram in India, with most cities recording a decline of around Rs 100 per kilogram.
Silver prices in New Delhi, Mumbai, Kolkata, Hyderabad and Bengaluru stood at Rs 2,74,900 per kilogram. Chennai recorded a higher silver price of Rs 2,85,100 per kilogram compared with other major cities.
