Gold and Silver Prices Today: Amid ongoing geopolitical tensions, global central bank policy decisions, and volatile trade talks between the United States and China, gold and silver prices are expected to remain on edge this week. On May 12, gold prices dipped slightly below the ₹95,000 mark, while silver continued to trade near ₹96,000 per kg.
Despite short-term volatility, precious metals continue to be viewed as safe-haven investments, especially in uncertain markets. Over the past year, gold prices have surged nearly 30%, with a CAGR of 15% since 2001, and have consistently outpaced inflation since 1995.
Here’s a breakdown of gold and silver prices in major Indian cities as of 9 AM on May 12, 2025, based on data from the Indian Bullion Association (IBA) and Multi Commodity Exchange (MCX):
City-wise Gold and Silver Prices (May 12)
1. Mumbai
- Gold Bullion: ₹94,520/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,150/kg
- MCX Silver (999 Fine): ₹96,188/kg
2. Chennai
- Gold Bullion: ₹94,710/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,340/kg
- MCX Silver (999 Fine): ₹96,188/kg
3. Kolkata
- Gold Bullion: ₹94,250/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,070/kg
- MCX Silver (999 Fine): ₹96,188/kg
4. Hyderabad
- Gold Bullion: ₹94,520/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,350/kg
- MCX Silver (999 Fine): ₹96,188/kg
5. Bengaluru
- Gold Bullion: ₹94,450/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,270/kg
- MCX Silver (999 Fine): ₹96,188/kg
6. New Delhi
- Gold Bullion: ₹94,210/10 gm
- MCX Gold: ₹94,280/10 gm
- Silver Bullion: ₹96,030/kg
- MCX Silver (999 Fine): ₹96,188/kg
Expert Insights
According to Jateen Trivedi, analyst at LKP Securities, “Geopolitical tensions and trade optimism have provided a floor to gold prices, but volatility remains high due to global risk sentiment.”
Market watchers suggest that gold may trade within the ₹94,000 range in the near term unless a major economic event shifts global demand.