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Gold and Silver Rates Today, January 12: In Mumbai, the price of 24-carat gold rises to Rs 1,40,450 per 10 grams, while 22k gold is available at Rs 1,28,740 per 10 grams.
Gold and Silver Rates Today, January 12.
Gold and Silver Rates Today, January 12: Gold and silver prices jumped on Monday, January 12, amid global economic uncertainties and geopolitical tensions. In Mumbai, the price of 24-carat gold rose to Rs 1,40,450 per 10 grams, while 22k gold was available at Rs 1,28,740 per 10 grams. These rates do not include GST and making charges. Silver also touched its fresh all-time high of Rs 2,59,900 per kg in the spot market.
On the MCX, gold prices jumped 1.40 per cent to trade at Rs 1,40,763 per 10 grams for the February 5, 2026, contracts in the morning trade, while silver rose 3.31% to trade at Rs 2,61,094 per kg for the March 5, 2026, contracts.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 12?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,28,890 | Rs 1,40,600 |
| Jaipur | Rs 1,28,890 | Rs 1,40,600 |
| Ahmedabad | Rs 1,28,790 | Rs 1,40,500 |
| Pune | Rs 1,28,740 | Rs 1,40,450 |
| Mumbai | Rs 1,28,740 | Rs 1,40,450 |
| Hyderabad | Rs 1,28,740 | Rs 1,40,450 |
| Chennai | Rs 1,28,740 | Rs 1,40,450 |
| Bengaluru | Rs 1,28,740 | Rs 1,40,450 |
| Kolkata | Rs 1,28,740 | Rs 1,40,450 |
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver prices surged to fresh record highs during Asian trade on Monday, supported by rising geopolitical risks, increasing political pressure on the U.S. Federal Reserve, and weaker-than-expected U.S. employment data, which strengthened safe-haven demand. Gold gained over 4% last week, while silver rallied more than 7%, driven largely by heightened global uncertainty.”
Geopolitical tensions remained elevated amid intensifying unrest in Iran, continued fighting in Russia’s war in Ukraine, the US capture of Venezuela’s President Nicolas Maduro, and Washington’s renewed signals over taking control of Greenland. With policymakers expected to maintain current rates in the near term, the recent surge in the dollar index may limit upside in bullion prices, he added.
Strong demand for safe-haven assets, US interest rate cuts and a weaker dollar drove global gold prices up 70% so far this year.
Indian domestic gold prices climbed 77% this year, outpacing the Nifty 50 index’s 9.7% gain, aided by a 5% fall in the rupee against the dollar.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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January 12, 2026, 09:42 IST
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