Gold Prices Drop in Bangalore & Mumbai After India-Pakistan Ceasefire; 22K, 24K, 18K Gold & Silver Rates Down

Gold Price Today: After the ceasefire declaration between India and Pakistan, the price of precious yellow metal dropped at the beginning of the trading session on Monday across the country, including major cities like Bangalore and Mumbai. on May 12, 24 karat gold is priced at Rs 9,688 per gram, while 22 karat gold stands at Rs 8,880 per gram, and 18 karat gold is available at Rs 7,320 per gram in both cities. Additionally, silver prices experienced a slight drop in both locations. Below are the detailed gold and silver rates for different karat categories in these top cities of India.

22-Karat Gold Price Today in Bangalore and Mumbai

In Monday's trading, the price of 22-karat gold in the Silicon Valley of India, Bangalore or Bengaluru, dropped to Rs 88,800 for 10 grams and Rs 8,880 for 1 gram, down from Rs 90,450 and Rs 9,045 respectively, offering a saving of Rs 1,650 to buyers. Similarly, in the financial capital of India, Mumbai, the price for one gram of 22-karat gold is Rs 8,880 and Rs 88,800 for 10 grams, a change of Rs 165 and Rs 1,650 respectively from the previous day's rates of Rs 9,045 and Rs 90,450. On May 12, the price of 22-karat gold for 100 grams fell to Rs 8,88,000 from Rs 9,04,500, marking a decrease of Rs 16,500 in both cities.

24-Karat Gold Price Today in Mumbai and Bangalore

Similarly, the price of 24 karat gold in Bangalore and Mumbai saw a decline of Rs 18,000, settling at Rs 9,68,800 for 100 grams on Monday, compared to Rs 9,86,800 the previous trading day. For 10 grams, 24 karat gold is priced at Rs 96,880, reflecting a drop of Rs 1,800 from Rs 98,680.

18-Karat Gold Price in Bengaluru and Mumbai

The cost of 18 karat gold also experienced a decrease, falling by Rs 13,500 to Rs 7,26,600 for 100 grams today, compared to Rs 7,40,010 yesterday. For 10 grams of 18 karat gold, the price fell by Rs 1,350, now standing at Rs 58,128, down from Rs 59,208.

Mumbai and Bangalore Silver Price Today

The price of white shinny metal have also dropped in major cities in India. Today, the price of silver is Rs 97 per gram and Rs 97,900 per kilogram in both Bangalore and Mumbai, showing a decline of Rs 1.10 per gram and Rs 1,100 per kilogram compared to yesterday's rates.

Gold Rate in India Today on May 12

Gold Price in India: As of May 12, the price of 24 karat gold in India decreased by Rs 1,800 per 10 grams, now priced at Rs 96,880 per 10 grams. Similarly, the rate of 22 karat gold saw a significant drop of Rs 1,650, now standing at Rs 88,800 per 10 grams. The price of 18 karat gold also saw a fall of Rs 1,350 per 10 grams, currently priced at Rs 72,680.

Silver Rate in India Today on May 12

After five consecutive days of stability, silver prices have dipped. Currently, the price of silver in India is Rs 97,900 per kilogram, down by Rs 1,100 from the previous day. Meanwhile, the cost of 100 grams of silver has decreased by Rs 110, now priced at Rs 9,790.