Gold and Silver Prices Updated for May 12, 2025: Check the latest rates for 24K, 23K, 22K, 18K, and 14K gold, and find your city's current price.
Gold-Silver Price: Minor fluctuations were observed in gold and silver prices on May 12, 2025. Prices for various gold karats (24K, 23K, 22K, 18K, and 14K) have changed, making it crucial to stay informed. This is particularly relevant today, Buddha Purnima, as the gold and silver market is closely linked to festive celebrations. This article provides detailed information on the latest gold and silver prices.
Changes in Gold and Silver Prices
On May 12, 2025, gold and silver prices saw slight changes. According to the India Bullion and Jewellers Association (IBJA) website on Friday, the price of 24 karat gold was ₹96,416 per 10 grams, slightly lower than the previous closing price of ₹97,030. The price of silver increased from ₹95,226 per kilogram to ₹95,726 per kilogram. The market was closed on Saturday and Sunday, hence no changes occurred during those days.
Latest Gold and Silver Rates
Let's now provide you with the latest gold and silver rates to help you determine the correct price in your area.
Gold and silver prices according to purity:
Gold Price (per 10 grams):
Gold 999 (24K): ₹96,416
Gold 995 (23K): ₹96,030
Gold 916 (22K): ₹88,317
Gold 750 (18K): ₹72,312
Gold 585 (14K): ₹56,403
Silver Price (per kilogram):
Silver 999: ₹95,726
Gold Prices by City:
Here are the gold prices in major Indian cities, updated as of May 12, 2025:
Mumbai: 22K Gold ₹91,310, 24K Gold ₹99,610, 18K Gold ₹74,710
Delhi: 22K Gold ₹91,460, 24K Gold ₹99,760, 18K Gold ₹74,840
Kolkata: 22K Gold ₹90,750, 24K Gold ₹99,000, 18K Gold ₹74,250
Chennai: 22K Gold ₹91,310, 24K Gold ₹99,610, 18K Gold ₹75,360
Bengaluru: 22K Gold ₹91,310, 24K Gold ₹99,610, 18K Gold ₹74,710
What is Gold Purity?
Gold purity is measured in karats (K). Higher karat gold is considered purer, but 22 karat gold is commonly used in jewelry making. Here's a breakdown of gold purity by karat:
24 Karat (99.9% pure)
23 Karat (95.8% pure)
22 Karat (91.6% pure)
18 Karat (75% pure)
14 Karat (58.5% pure)
Factors Affecting Gold Prices
Fluctuations in gold and silver prices can be attributed to various factors, including international market demand, inflation rates, the rupee's value, and central bank policies. Currently, gold prices largely depend on global trends and domestic commercial needs.
