Noida, May 12 (APAC Media): Gold and silver prices in India continued to witness volatility on Tuesday, tracking global market movements, geopolitical developments, and shifting expectations over US interest rate policy, according to market updates.
The precious metals market remained highly sensitive to global cues, with analysts observing that easing geopolitical tensions in West Asia and volatility in crude oil prices have dampened safe-haven demand for gold. Meanwhile, expectations of persistently elevated US bond yields, coupled with a stronger dollar, have further constrained upside momentum in bullion prices.
In the domestic market, gold prices have recently been trading near elevated levels, supported by intermittent buying at lower price points and sustained central bank demand at the global level.
📊 Gold & Silver Price Chart – 12 May 2026
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver (₹/kg) |
|---|---|---|---|
| Delhi | ₹1,53,200 | ₹1,40,500 | ₹2,76,000 |
| Mumbai | ₹1,53,000 | ₹1,40,300 | ₹2,75,500 |
| Chennai | ₹1,53,500 | ₹1,40,800 | ₹2,77,000 |
| Kolkata | ₹1,53,100 | ₹1,40,400 | ₹2,76,000 |
| Bengaluru | ₹1,53,000 | ₹1,40,300 | ₹2,75,500 |
| Hyderabad | ₹1,53,000 | ₹1,40,300 | ₹2,75,500 |
However, analysts caution that near-term upside potential remains limited due to prevailing macroeconomic headwinds and ongoing profit-taking at higher levels.
Silver has recorded sharper fluctuations compared to gold, reflecting its dual nature as both an investment asset and an industrial metal.
Market experts attribute the heightened volatility to speculative trading activity, movements in exchange-traded fund (ETF) inflows, and demand from key industrial sectors such as solar energy and electronics.
Despite intermittent corrections, analysts note that underlying structural demand continues to lend support to overall market sentiment.
According to commodity trackers, bullion prices on the Multi Commodity Exchange (MCX) have been trading in a broad range in recent sessions. Market participants are closely tracking signals from the US Federal Reserve’s monetary policy outlook, trends in crude oil prices, and evolving geopolitical developments for further direction in precious metals.
Market participants remain split on the near-term outlook. While some analysts anticipate a phase of consolidation, others argue that renewed geopolitical tensions or weaker-than-expected US economic data could spur fresh safe-haven buying in precious metals.
Experts advise investors to adopt a staggered investment approach instead of lump-sum exposure, citing prevailing volatility in precious metals markets.
Overall, analysts maintain that the outlook for gold and silver remains range-bound in the near term, with global macroeconomic factors likely to determine price direction in the weeks ahead.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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