Gold has lost its shine due to lack of agreement on peace between Iran and America. Apart from this, the strengthening of the US dollar has increased the pressure on this precious metal. Additionally, rising tensions between the US and Iran have raised concerns about supply chains; Due to which the prices of crude oil have increased – this incident has also reduced the shine of gold. Today, on May 12, gold prices have fallen for the second consecutive day. After a day of stability, gold prices fell for the second consecutive session today. In these two days, the price of 24-carat gold has decreased by ₹230 per 10 grams, while the price of 22-carat gold has decreased by ₹210. Talking specifically about today’s trading, in the national capital Delhi, the price of 24-carat gold (per 10 grams) has decreased by ₹ 10, and the price of 22-carat gold has also decreased by ₹ 10. Talking about silver, after three consecutive days of stability, its prices fell in Delhi today, registering a decline of ₹100 per kg.
Gold prices according to cities
City 24 carat 10 gram gold price 22 carat 10 gram gold price 18 carat 10 gram gold price Delhi ₹1,52,270 ₹1,39,590 ₹1,14,240 Mumbai ₹1,52,120 ₹1,39,440 ₹1,14,090 Kolkata ₹1,52,120 ₹1,39,440 ₹1,14,090 Chennai ₹1,53,810 ₹1,40,990 ₹1,17,690 Bengaluru ₹1,52,120 ₹1,39,440 ₹1,14,090 Hyderabad ₹1,52,120 ₹1,39,440 ₹1,14,090 Lucknow ₹1,52,270 ₹1,39,590 ₹1,14,140 Patna ₹1,52,170 ₹1,39,490 ₹1,14,240 Jaipur ₹1,52,270 ₹1,39,590 ₹1,14,140 Ahmedabad ₹1,52,170 ₹1,39,490 ₹1,14,240
Silver prices fall after three consecutive days of stability
Talking about silver, after three consecutive days of stability, its prices have declined today. Earlier, in a span of three days, the price of one kilogram of silver had increased by ₹20,000. As of today, its price in Delhi has decreased by ₹100 per kg, taking its selling price to ₹2,74,900. Silver is currently being sold at similar rates in other major metros – especially Mumbai and Kolkata. However, the price of one kilogram of silver in Chennai is ₹2,85,100, making it the most expensive among the four major metros.
