Gold Rate In India Breaks Record Once More, Jan 12: 24k,22k Price Spike By 3% In 3 Sessions: Silver Nears 3Lac

Gold Rate In India is at a new record today after surging massively since the last three days and has registered a cumulative rise of 3800 per 10 grams or 3% since the last correction on Jan 9th. The standard gold, which is the 22k, is now becoming increasingly expensive for buyers as the prices are surging unstoppably. In just 12 months, the 22k gold rate has jumped by 77% because of consistent high demand despite the surge in pricing.

A similar wave can be seen in the international market as well, where the Spot gold prices are now at a fresh record after it jumped past $4600 per ounce this morning. One of the biggest reasons behind this is the ongoing geopolitical turmoil in Iran after the recent Venezuela affair. These back-to-back factors are taking the yellow metal rates to new highs as investors are focusing on safe-haven assets.

Gold Rate in India Today

On 12th January, Monday, the 24-carat gold rates in India spiked by Rs.1690 per 10 grams to reach Rs. 1,42,150 per 10 grams. Similarly, the 22-carat gold price in India surged by Rs.1550 per 10 grams, to retail at Rs.1,30,300. Just like that, the 18-carat gold rates jumped by Rs 780 to now cost Rs 72,130 per 10 grams.

In a similar manner, the 100 grams of 24-carat gold rate stands at Rs 14,21,150, and the 22-carat gold rate is currently at Rs 13,03,300 per 100 grams of gold.

Silver prices in India today

Silver rates in India on Monday registered another big jump. 1 kg of silver in India rose Rs.10,000 to cost Rs. 2,70,000. While 100g of silver rates in India retails at Rs. 27,000, which increased by Rs. 1000.Silver price In just the last two sessions gained about 21000 per kg.

Latest 22-Carat & 24-Carat Gold Prices Across India: City-Wise

The current gold prices for 22-carat gold and 24-carat gold in major Indian metropolitans are similar to Indian gold prices today.

Gold Price in Chennai

As of January 12, the 24-carat gold price in Chennai stands at Rs. 1,43,130 per 10 grams, while the 22-carat gold price in Chennai stands at Rs. 1,31,200 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs.1,30,300 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 1,42,150 per 10 grams.

Gold in Price in Hyderabad

The 22K gold price in Hyderabad is Rs.1,30,300 per 10 grams, while the 24K gold price in Hyderabad is Rs. 1,42,150 per 10 grams.

Gold Price in Mumbai

The 22-carat gold in Mumbai is Rs.1,30,300 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 1,42,150 per 10 grams.

MCX Gold Price and Silver Price

Gold prices on the MCX (Multi-Commodity Exchange) also scaled record peak levels. Currently, gold futures prices due to mature on February 5th, stand at Rs.1,40,930 after spiking by 1.52%. Silver futures, which are maturing on March 5, also surged and are currently trading 3.87% lower at Rs 2,62,500 per kg.

Spot Gold Price and Spot Silver Rate

According to a latest report by Reuters, "Spot gold jumped 1.3% to $4,469.49 per ounce by 0203 GMT. Bullion hit a record high of $4,600.33 earlier in the day. U.S. gold futures for February delivery firmed 2% to $4,591.10. Spot silver was up 3.5% at $82.72 per ounce."

Market Outlook for Gold Prices in India

A commodity report from the India Bullion and Jewellers Association Ltd stated that "Gold edged higher on Friday as traders assessed the US Federal Reserve's interest rate outlook after jobs data delivered mixed signals on the health of the world's largest economy. Bullion was trading near $4,510 an ounce Friday in New York following a monthly payrolls report showed employers added fewer jobs in December than expected, capping a yearlong slowdown in the labor market. The unemployment rate edged down to 4.4%. Gold posted a gain this week, with traders continuing to price in two rate cuts overall in 2026. A lower interest-rate environment is a tailwind for precious metals, and last year's cuts were a factor in bullion's best annual performance since 1979.. In other precious metals, silver gained as much as 4.6% Friday, ending a two-day rout"

The report further stated, "Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to higher for the day; as gold and silver prices jumped to a record high as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over its independence, while intensifying protests in Iran also kept geopolitical tensions elevated.

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