Gold Prices Decline After Brief Surge on Tuesday
Gold price today witnessed a slight downward trend following a marginal surge on Tuesday. According to the Multi Commodity Exchange (MCX), gold opened 0.31% lower on Wednesday, July 12, quoting ₹96,290 for 10 grams of 24-carat gold and ₹90,556.28 for 10 grams of 22-carat gold. This downward revision comes as global cues and market volatility continue to influence bullion rates.
Latest MCX Gold and Silver Rates – July 12, 2025
At 9:55 AM IST, the MCX listed:
- ₹96,290 for 24K gold (10 grams)
- ₹90,556.28 for 22K gold (10 grams)
Meanwhile, the bullion market reflected a marginal dip as well:
- ₹96,540 for 24K gold
- ₹88,495 for 22K gold
This marks a 0.26% drop from Tuesday’s closing prices.
Citywise Gold Rates Today: Check Gold Price in Your City
Here’s a look at citywise 24-carat and 22-carat gold prices across major Indian metros:
| City | 24K Gold (10g) | 22K Gold (10g) | Gold per Tola (24K) |
|---|---|---|---|
| Mumbai | ₹96,610 | ₹96,430 | ₹107,830 |
| Delhi | ₹96,450 | ₹96,270 | ₹107,650 |
| Chennai | ₹96,890 | ₹96,730 | ₹108,210 |
| Kolkata | ₹96,490 | ₹96,310 | ₹107,690 |
| Hyderabad | ₹96,770 | ₹96,600 | ₹108,060 |
| Bengaluru | ₹96,690 | ₹96,520 | ₹107,980 |
✅ Highest gold price today was recorded in Chennai
✅ Lowest gold price today was noted in New Delhi
Silver Price Today: Slight Dip in MCX and Bullion Silver Rates
Alongside gold, silver rates also saw a minor decrease.
As of 9:32 AM IST on July 12, 2025:
- MCX silver rate: ₹108,027 per kilogram
- Bullion silver rate: ₹108,110 per kilogram
This indicates a 0.01% drop from the previous day.
Factors Impacting Today’s Gold and Silver Rates
Several macroeconomic and geopolitical factors are playing a role in determining the prices of precious metals in India:
1. Global Economic Uncertainty
- Ongoing concerns regarding global economic recovery and inflation have influenced investment in safe-haven assets like gold.
2. US Trade Policy Developments
- US President Donald Trump issued tariff letters to 14 countries, with duties as high as 40% for Myanmar and Laos.
- An executive order was signed, delaying reciprocal tariff decisions until August 1, affecting global market sentiment.
- These announcements can create ripples in the international bullion market, indirectly impacting Indian prices.
3. Rupee-Dollar Exchange Rate
- Fluctuations in the INR-USD exchange rate directly affect the landed cost of imported gold in India.
4. Demand and Festive Season Trends
- Although demand is typically subdued during the monsoon season, occasional spikes are seen around festivals and weddings, pushing prices temporarily.
Gold Price Trend Analysis: Is It Time to Invest?
With prices slightly lower, investors may wonder if this is the right time to invest in gold.
✅ Why Gold is Still a Safe Bet:
- Acts as a hedge against inflation
- Low correlation with equities
- Long-term capital appreciation
❗ What to Watch:
- Volatile US economic data and interest rate trends
- India’s import policies and customs duties
- Political developments impacting international trade
Investment Tips for Gold Buyers
If you’re planning to invest in gold, consider the following:
🔸 Gold ETFs and Digital Gold:
- Offers flexibility and eliminates storage issues
- Easy to trade and liquidate
🔸 Sovereign Gold Bonds (SGBs):
- Government-backed, interest-paying gold investments
- Safer than physical gold and offers tax benefits on maturity
🔸 Hallmarked Jewellery:
- Always buy BIS-hallmarked jewellery
- Check current market rate before purchasing
Gold and Silver Outlook for July 2025
Experts predict a mixed outlook for gold and silver this month:
- Upside Potential: If global geopolitical tensions worsen or inflation data disappoints, prices could shoot up.
- Downside Risk: Stable interest rates and strong dollar performance could suppress gold rates.
Gold and Silver Prices Slip on July 12: Check Rates in Mumbai, Chennai, Delhi, Bengaluru, Hyderabad, and Kolkata
Gold Price Today: Domestic Market Sees Dip Amid Global Cues
Gold prices declined marginally in India on July 12, 2025, due to a stable US Dollar and rising US bond yields, which have slightly dented the yellow metal’s momentum. However, the downside was capped by renewed interest in gold as a safe haven asset, following aggressive trade remarks and looming tariffs by US President Donald Trump.
As per the latest data from the Multi Commodity Exchange (MCX):
- Gold (August 5 contracts) traded 0.30% lower at ₹96,178 per 10 grams
- Silver also showed a minor dip, quoted at ₹1,08,034 per kilogram
Citywise Gold Prices Today – July 12
Here’s a breakdown of gold prices across major Indian cities:
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Mumbai | ₹96,180 | ₹88,470 |
| Delhi | ₹96,200 | ₹88,490 |
| Chennai | ₹96,310 | ₹88,610 |
| Bengaluru | ₹96,190 | ₹88,480 |
| Hyderabad | ₹96,250 | ₹88,540 |
| Kolkata | ₹96,170 | ₹88,460 |
📉 Lowest Gold Rate: Kolkata (₹96,170 for 24K)
📈 Highest Gold Rate: Chennai (₹96,310 for 24K)
MCX Gold and Silver Rates: July 12 Market Snapshot
As of 10:35 AM IST on July 12, 2025, the official MCX rates were:
- Gold (August contracts) – ₹96,190 per 10 grams
- Silver – ₹1,08,034 per kilogram
This drop reflects the current international sentiments influenced by:
- Firming US bond yields
- A stable US Dollar Index
- Global risk aversion due to expected tariff hikes by the US
Donald Trump’s Tariff Policies Support Gold’s Safe Haven Status
The US President’s recent statements about imposing:
- 50% tariffs on imported copper
- New tariffs on semiconductors and pharmaceuticals
…have caused uncertainty in the global commodity and equities markets. These protectionist measures may spark trade tensions, reinforcing the role of gold and silver as safe-haven investments.
Gold as a Long-Term Investment: A 20-Year Perspective
Gold has consistently proven to be a resilient and rewarding asset class. Here’s a snapshot of gold’s long-term performance:
🔶 20-Year Performance (2005-2025):
- Gold surged from ₹7,638 per 10 grams in 2005
- To over ₹1,00,000 per 10 grams in June 2025
- That’s a staggering 1,200% return
🔶 Year-to-Date (YTD) 2025 Performance:
- Gold prices have already risen 31% in 2025
- Making it one of the best-performing assets of the year
Gold’s consistent ability to protect against inflation and market volatility makes it a must-have in every investment portfolio.
Silver Price Trend: Resilient Above ₹1 Lakh
Silver too has maintained its psychological support level of ₹1 lakh per kg for the third consecutive week.
🔷 20-Year Performance (2005-2025):
- From ₹14,040/kg in 2005 to ₹1,08,034/kg in July 2025
- A gain of 668.84% over 20 years
With increasing industrial demand (especially in electronics, solar panels, and EVs), silver is both an industrial and safe-haven asset.
Why Are Gold and Silver Still Safe Bets?
In today’s volatile global markets, investors continue to favor bullion due to the following reasons:
✅ Safe Haven Demand
- With geopolitical tensions and economic risks rising, gold and silver remain secure assets.
✅ Hedge Against Inflation
- Precious metals protect purchasing power during inflationary periods.
✅ Portfolio Diversification
- Low correlation with stocks and bonds makes gold/silver ideal for risk balancing.
Expert Views: Will Prices Rise Again?
Most commodity analysts believe that gold and silver prices could bounce back in the coming weeks due to:
- Possible escalation in US-China and US-ASEAN trade tensions
- Global central banks maintaining gold reserves
- Festive demand expected to rise in India (Raksha Bandhan, Teej, and Ganesh Chaturthi)
💬 Market Analyst Quote:
“Despite a minor correction today, we expect gold to maintain an upward trajectory as global uncertainty increases. Any dip below ₹96,000 could be an excellent buying opportunity.” — [Name withheld]
Investment Tips for Gold and Silver Buyers
🟡 Gold Investment Options:
- Sovereign Gold Bonds (SGBs) – Earn interest + tax-free on maturity
- Gold ETFs/Digital Gold – Easy to buy/sell, no storage hassle
- Physical Gold (Hallmarked Jewellery) – Ideal for cultural/investment purposes
⚪ Silver Investment Options:
- Silver Bars and Coins – Popular among retail buyers
- Silver ETFs or Futures Contracts – Suitable for short-term traders
Conclusion: Gold Prices Inch Down, but Demand Likely to Rebound
In summary, gold prices dipped slightly today but remain well above the ₹96,000 mark for 24K gold. The bullion market is reacting cautiously to global cues, especially from the US. With uncertainty surrounding international trade, gold continues to remain an attractive investment option for Indian consumers.
