On March 12, 2026, gold and silver prices in India remain near their recent highs due to demand for safe havens, which is bolstered by Middle East tensions, concerns about inflation, and fluctuations in the US currency. The price of 24K gold in Delhi is ₹16,347 per gram, while local silver is trading at ₹2,89,900 per kg, which is little less than previous levels.
Despite recent declines, Indian bullion prices exhibit a slight higher tilt for gold and a slight decline for silver, indicating consistent investor interest. Market players continue to consider crude oil patterns, currency fluctuations, and geopolitical threats, which are directing flows into non-yielding assets like gold and silver.
Gold Price: City-wise bullion snapshot
With minor regional variances, 24K gold prices in major Indian cities generally match Delhi levels. At ₹16,417–₹16,418 per gram, Chennai, Coimbatore, and Madurai have the highest 24K rates. Mumbai, Kolkata, Bangalore, Hyderabad, Pune, and the state average Kerala are among the metro areas that match Delhi at ₹16,347 per gram, with a few others trading somewhat higher.
| City | 24K Gold (₹/g) |
| Chennai | Rs 16,417 |
| Delhi | Rs 16,347 |
| Kolkata | Rs 16,347 |
| Bangalore | Rs 16,347 |
| Hyderabad | Rs 16,347 |
| Pune | Rs 16,347 |
| Kerala | Rs 16,347 |
| Ahmedabad | Rs 16,353 |
Gold Price: International benchmarks and drivers
With an intraday range of $5,130 to $5,189.80, spot gold on international markets is trading close to recent highs at roughly $5,177.50 per ounce.
Due to ongoing geopolitical tension in the Middle East and concerns about foreign exchange fluctuations, trade is restricted to a small range during US hours.
Even while demand for safe assets remains strong due to ongoing price pressures and Middle East turmoil, a stronger US dollar continues to limit further gold gains.
Support and resistance areas on international charts between $5,100 and $5,200 per ounce are the focus of market attention.
Gold and Silver Prices: Futures action and recent gold trend
With a daily change of -0.68%, front-month Comex gold (GCW00) is currently trading slightly below its previous closing of $5,179.10. Futures open at $5,185.40 on March 12 and reach highs of $5,189.80 and $5,130. There are 7,686 contracts in volume and 225,392 open interest.
Recently, Delhi gold entered a phase of consolidation after reaching a record high. The price of 24K on March 12 is ₹1,63,470 per 10 grams, up ₹1 from March 11. It has recovered from a monthly low of ₹16,113 per gram, or ₹1,61,280 per 10 grams, recorded on March 6.
Gold and Silver Prices: Historical movements and country comparison
Over the past ten days, Delhi’s gold prices have fluctuated significantly, with notable declines in early March. While the 22K rate exhibits a similar pattern between ₹1,47,850 and ₹1,53,800, the 24K rate decreases from ₹1,67,770 per 10 grams on March 3 to ₹1,61,280 by March 6 before rising to ₹1,63,470 on March 12.
Silver Price: Domestic silver details and monthly movement
On March 12, silver prices in India were ₹289.90 for one gram, ₹2,899 for ten grams, ₹28,990 for one hundred grams, and ₹2,89,900 for one kilogram. With decreases of ₹0.10 per gram, ₹1 per 10 grams, ₹10 per 100 grams, and ₹100 per kg, each slab is slightly lower than it was on March 11.
The price of silver in Delhi fluctuated between ₹2,80,000 and ₹3,15,000 per kilogram in March. The month starts at ₹2,95,000, peaks at ₹3,15,000 on March 2, falls to ₹2,80,000 on March 9, and then rises to ₹2,89,900 by March 12, suggesting a 1.73% monthly decline.
