The surge in gold and silver prices shows no signs of abating. Today, August 12, the price of gold on the MCX has risen by ₹900, trading at ₹1,54,680. Silver rates have also jumped by ₹2,241—marking the third consecutive day of gains—to trade at ₹2,37,900 per kilogram. Prices in the international market have also risen today; gold is up 0.67% at $4,462 per ounce, while silver has climbed 1.05% to trade at $65.615 per ounce.

According to data from today, August 12, 2026, there are slight variations in gold prices across different cities. In Chennai, the price of 24-carat gold is ₹15,438 per gram, while 22-carat gold is priced at ₹14,151 and 18-carat gold at ₹11,931 per gram. In Delhi, the rates are ₹15,398 for 24-carat, ₹14,116 for 22-carat, and ₹11,553 for 18-carat gold per gram.

What is the price of gold today?
In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the price of 24-carat gold is ₹15,383 per gram. In these cities, 22-carat gold is priced at ₹14,101 and 18-carat gold at ₹11,538 per gram. Meanwhile, in Vadodara and Ahmedabad, the price of 24-carat gold is ₹15,388, 22-carat is ₹14,106, and 18-carat is ₹11,543 per gram. 

Latest Silver Rates

On August 12, 2026, the price of silver in Delhi, Kanpur, and Mumbai was recorded at ₹255.10 per gram and ₹2,55,100 per kilogram. An increase of ₹0.10 per gram and ₹100 per kilogram has been observed. The base price for 10 grams of silver is ₹2,551; after adding a 12% making charge of ₹306 and 3% GST of ₹86, the total price comes to ₹2,943.

Factors Influencing Gold and Silver Prices

Upcoming US inflation data is considered crucial for gold prices. If inflation rises more than expected, the Federal Reserve might decide to raise interest rates or maintain them at current levels. Such a scenario could put pressure on gold demand, as gold does not generate interest or regular income. Consequently, investors are keeping a close watch on the US CPI data due on Wednesday and PPI data due on Thursday.

However, according to a CNBC report, there are signs of a gradual improvement in the sentiment surrounding gold and other precious metals. Sustained demand has prevented a sharp decline in gold prices. Additionally, global economic factors also appear to be working in favor of gold to some extent.

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