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Why Are Gold Prices Falling? Check Gold and Silver Prices in Your City

Written by: Team Angel OneUpdated on: Feb 12, 2025, 3:52 PM IST
Gold prices fell on 12 Feb 2025 as US Fed delays rate cuts. Spot gold dropped below $2,900. Silver also declined. Check updated rates in your city.
Why Are Gold Prices Falling? Check Gold and Silver Prices in Your City
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Gold prices have fallen on February 12, 2025, after the US central bank signalled that it is in no rush to implement further interest rate cuts.

In the international market, the spot gold price has dropped by 0.59%, falling below the $2,900 per ounce mark as of 11:41 AM on February 12, 2025.

Gold prices in both India and global markets have declined. In India, gold prices have fallen by ₹490 per 10 grams in major cities.

In Mumbai, 24-carat gold is priced at ₹8,503 per gram, while 22-carat gold costs ₹7,794 per gram. The price of 24-carat gold stands at ₹85,030 per 10 grams as of 11:41 AM on 12 February 2025.

In Delhi, the price of 22-carat gold is currently ₹77,825 per 10 grams, while 24-carat gold is trading at ₹84,900 per 10 grams.

Gold Prices Across Major Indian Cities (February 12, 2025)

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 85,280 78,173
Hyderabad 85,160 78,063
Delhi 84,900 77,825
Mumbai 85,030 77,944
Bangalore 85,100 78,008

Silver Prices in India on February 12, 2025

The international silver price has declined by 0.31%, dropping below $32 as of 11:45 AM on February 12, 2025. In India, silver prices have fallen by ₹220 per kilogram.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 94,560
Delhi 94,360
Kolkata 94,430
Chennai 94,830

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have dropped in major Indian cities. The international spot price of gold has slipped below $2,900 per ounce.
  • Silver Prices: Silver prices have also declined in India and the international market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 12, 2025, 3:52 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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