Gold price today finally retreated in India from record high levels as US Federal Reserve Chair Jerome Powell’s hawkish statement boosted hopes of sluggish rate cuts in 2025. Meanwhile, investors are looking forward to key inflation report for more cues on interest rate trajectory. In a big relief to buyers, 24k gold price today declined by Rs 710 to Rs 86,670/10 grams and 100 grams of 24k yellow metal prices slipped by Rs 7,100 to Rs 8,66,700 on Wednesday. 22k gold price today dropped by Rs 700 to settle at Rs 79,400 and 100 grams of 22k yellow metal prices turned cheaper by Rs 7,000 to Rs 7,94,000.
Meanwhile, 18k gold prices today edged lower by Rs 570 to Rs 64,970/10 grams and 100 grams of 18k precious metal prices fell by Rs 5,700 to Rs 6,49,700 on February 12, 2025. 1 gram gold price today for 24k slipped by Rs 71 to Rs 8,667, 1gram gold price for 22k dipped by Rs 70 to Rs 7,940, and 1 gram yellow metal rate for 18k stood at Rs 6,497 after dip by Rs 57, according to Goodreturns.in.
Gold Prices Fall From Peak
Earlier, gold prices witnessed steep rally of 4.07% from February 1 to February 11, 2025. 22K/10 grams yellow metal prices stood at Rs 77,450/10 grams on Feb 1 and surged to Rs 80,600 on Feb 11, 2025.
Spot Gold Prices Today
Spot gold declined 0.4% to $2,885.53 per ounce by 0504 GMT. Bullion surged to a record high of $2,942.70 on Tuesday. U.S. gold futures fell 0.8% to $2,910.70. Spot silver fell 0.2% to $31.83 per ounce, platinum dipped 0.5% to $978.06 and palladium declined 0.2% to $973.54, according to Reuters.
The Reuters report added, “there is an element of profit-taking on gold following its all-time highs and ahead of the next batch of U.S. inflation data, which shapes as a possible risk event for the precious metal if core CPI happens to produce an upside beat,” said Tim Waterer, chief market analyst at KCM Trade.
Why Gold Prices Declined Today?
According to Rajesh Rokde – Chairman – All India Gem and Jewellery Domestic Council (GJC), “the decline in gold rates can be attributed to profit booking, a common occurrence during rallies. Since yesterday evening, gold prices have fallen, and today the market has shown some stability. This trend suggests that gold prices may soon reach new highs. Historically, dips in gold prices have presented excellent buying opportunities.”
Moreover, the recent investments by China’s insurance companies have positively impacted the gold market. However, concerns such as tariffs and geopolitical tensions continue to drive gold prices higher. These factors contribute to the overall elevated gold rates. Despite this, the recent decrease in prices makes it an opportune moment to invest. The price has dropped by $50, and there is potential for a $100 increase in the near future, a pattern observed over many years,” Rajesh Rokde.
Gold Prices Outlook
Meanwhile, Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, “gold surged to ₹86,350 in MCX and $2,942 in Comex during early morning trade as tariff concerns fueled panic buying, with central banks continuing their gold accumulation. However, a stronger rupee capped gains in MCX, leading to a reversal toward ₹85,450 before the evening session, highlighting persistent volatility. The upcoming US CPI data will be key event for gold traders, as the dollar index remains around $108. Gold is expected to trade with high volatility in the ₹84,850-₹85,900 range.”
22k Gold Price In Last 5-Days In India (for 1 gram)
1 gram of 22k gold price in India today declined by Rs 70, gained Rs 80 on February 11, zoomed by Rs 35 on February 10, stayed steady on February 9, and soared by Rs 15 on February 8.
Silver Prices Today In India
Silver price in India remained flat yet again. Silver prices have been steady for the last 7-days in the country. Silver prices in India on February 12, 2025 are retailing at Rs 99,500. On the other hand, 100 grams silver prices in India on Wednesday remained flat at Rs 9,950.
1 Gram gold rate In key metro cities and states of India on Feb 12, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,940 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,940 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,955 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,940 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,940 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,940 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 7,940 |
| Gold Price In Lucknow Today | 22 carat gold price is Rs 7,945 |
| Patna Gold Rate Today | 22k precious metal price is Rs 7,955 |
(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.
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