Big Drop In Gold Price India, May 12: Why Yellow Metal Declined?

Gold price today in India recorded steep decline after India-Pakistan’s ceasefire deal and optimistic US-China trade dialogues brought down market uncertainty and encouraged traders to shift towards riskier investment. 24K gold price today slipped by Rs 1800 to Rs 96,880/10 grams and 18k/100 grams yellow metal prices fell by Rs 18,000 to Rs 9,68,800. 22K gold price today witnessed sharp fall of Rs 1,650 to Rs 88,800/10 grams and 22k/100 grams yellow metal rates edged lower to Rs 8,88,000 on Monday.

Meanwhile, 18k gold rate today in the country shed Rs 1,350 to settle at Rs 72,660/10 grams and 18k/100 grams precious metal prices plunged by Rs 13,500 to Rs 7,26,600 on May 12, 2025 thus giving buyers immense relief from sky-high prices. 24k per gram gold is retailing at Rs 9,688 after fall of Rs 180, 22k per gram yellow metal is selling for Rs 8,880 after dip of Rs 165, and 18k gold price today stood at Rs 7,266 as rates plunged by Rs 135.

Big Drop In Gold Price India, May 12: Why Yellow Metal Prices Declined?

Why Gold Prices Declined On May 12, 2025?

Several reports such as alleviating trade tensions between US-China and truce between India-Pakistan played key role in denting the shine of yellow metal. The Reuters report stated, “The dollar index has advanced as the Trump administration touted progress in trade negotiations, with China following negotiations over the weekend in Switzerland which weighed on gold prices,” according to Jigar Trivedi, senior commodity analyst at Reliance Securities. Earlier, US and China were involved in a tariff war that triggered global trade war and caused sharp surge in gold rates and increased fears of world recession.

Spot Gold Price Today

Spot gold recorded decline of 1.4% to $3,277.34 an ounce, as of 0432 GMT. U.S. gold futures shed 1.9% to $3,281.70. Spot silver zoomed nearly 0.4% to $32.84 an ounce, platinum surged 0.7% to $1,001.90 and palladium gained 0.6% to $981.20, added the Reuters report.

How Much Gold Prices Zoomed Since Jan 1, 2025 To May 12, 2025?

22k/10 grams gold rates stood at Rs 71,500 as on January 1, 2025. Today, gold rates are retailing at Rs 88,800/10 grams, reflecting a sharp gain of 24.2%.

22k Gold Price In Last 5-Days In India (for 1 gram)

22k per gram gold price today declined by Rs 165, remained flat on May 11, zoomed by Rs 30 on May 10, slipped by Rs 125 on May 9, and soared by Rs 55 on May 8.

Silver Prices Today In India

Silver prices recorded decline on May 12, 2025 after staying flat from May 8 to May 11. 1 kg silver prices today plunged by Rs 1,100 to settle at Rs 97,900. On the other hand, 100 grams silver rates stood at Rs 9,790 after fall of Rs 110 Monday.

Silver Prices In Last 5-Days In India (1kg)

Silver prices declined by Rs 1,100, remained unchanged from May 8 to May 11.

Where Gold Prices Are Highest In The World On May 12, 2025?

22k per gram gold rates stood lowest in England on May 12, 2025 at Rs 8,266 followed by Kuwait at Rs 8,471. On the other hand, 22k per gram gold rate stood most expensive in Nepal today at Rs 9,396 followed by Singapore at Rs 8,903.

1 Gram Gold Rate In Key Metro Cities And States Of India On May 12, 2025

City	22K Gold Price Per Gram
Chennai Gold Price Today	22K gold rate is Rs 8,880
Mumbai Gold Price Today	22K gold price is Rs 8,880
Delhi Gold Rate Today	22K yellow metal price is Rs 8,895
Kolkata Gold Price Today	22K gold price is Rs 8,880
Bangalore Gold Price Today	22K gold rate is Rs 8,880
Hyderabad Gold Prices Today	22K gold rate is Rs 8,880
Kerala Gold Prices Today	22K gold rate is Rs 8,880
Gold Price In Lucknow Today	22K gold price is Rs 8,895
Patna Gold Rate Today	22K precious metal price is Rs 8,885

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.