Today’s Gold Price (March 12): Check the new rates of 18, 22, and 24 carat gold before buying.

Today’s Gold Price (March 12): Gold prices in India saw a sharp rise on Wednesday. Escalating conflict in West Asia and a steady rise in crude oil prices are driving investors toward safe havens, directly impacting gold prices. Tensions have risen across the region since February 28th following attacks on Iran by the US and Israel. This has created uncertainty in global markets, making gold a preferred choice for investors once again.

According to the latest data, the price of 24-carat gold in India has reached ₹163,310 per 10 grams. 22-carat gold is selling for approximately ₹149,700 per 10 grams. These prices are quoted without GST and making charges, so the actual price may be higher when purchasing jewelry.

18-carat gold also became expensive

Not only 24- and 22-carat gold, but 18-carat gold prices have also increased. In India, 18-carat gold has reached approximately ₹1,22,480 per 10 grams. This increase indicates that international conditions are increasingly impacting the Indian market.

This rise in gold prices may be a cause for concern for those planning to buy gold for weddings or investment. However, for those who have already invested in gold, this increase may prove beneficial.

Silver Prices Stable

While gold prices have seen a surge, silver prices have remained unchanged. Silver prices remain at around ₹2,900 per 10 grams, similar to Tuesday. Gold and silver prices generally move in tandem, but sometimes, due to market demand and industrial use, silver prices remain stable.

Today’s Gold Price in Major Cities

Gold prices vary slightly across different cities in India. On Wednesday, 24-carat gold in Chennai was priced at approximately ₹16,495 per gram, the highest among major cities in the country. In Delhi, the price of 24-carat gold was recorded at approximately ₹16,346 per gram.

In cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the price of 24-carat gold was approximately ₹16,331 per gram. Furthermore, in Vadodara and Ahmedabad, the price was recorded at approximately ₹16,336 per gram. This variation between cities is due to local taxes, transportation costs, and demand in the jewelry market.

How has gold been trending in the last 10 days?

Gold prices have continued to fluctuate over the past ten days, with 24-carat gold trading at ₹16,331 per gram on March 12, 2026, an increase of approximately ₹78 compared to the previous day. Similarly, 22-carat gold also rose by about ₹70 to reach ₹14,970 per gram.

Gold prices also rose on March 10, while prices fell on March 9. Prior to this, gold prices had seen a significant increase on March 7. Overall, gold prices have seen both declines and increases over the past ten days, reflecting market volatility.

Major Factors Affecting Gold Prices in India

Gold prices in India depend on several important factors. International market rates have the greatest influence. Import duties, government taxes, and the value of the rupee against the dollar also play a significant role in determining gold prices.

Recently, the ongoing war in West Asia and rising crude oil and fuel prices are also affecting the gold market. In particular, news of the closure of the Strait of Hormuz has impacted global oil supplies, driving up energy prices and prompting investors to turn to gold as a safe-haven investment.

What are the signs for investors?

Experts believe that if international tensions and rising crude oil prices persist, gold prices could rise further in the coming days. Therefore, investors should closely monitor market conditions.

Although gold is still considered a safe bet for those considering long-term investments, it is crucial to understand market trends and price conditions before making a purchase.

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