Gold Prices in India Witness Decline on February 12, 2026
Gold rates in India experienced a notable drop today, Thursday, February 12, 2026, across all purity levels, according to the latest market data from GoodReturns. This decline follows a period of volatility, with prices having surged to an all-time peak in January 2026 before falling sharply after the Union Budget presentation on February 1, 2026.
Current Gold Rates Per Gram in India
As of today, the price of 24-karat gold stands at ₹15,840 per gram, marking a decrease of ₹120. Meanwhile, 22-karat gold is priced at ₹14,520 per gram, down by ₹110, and 18-karat gold is available at ₹11,880 per gram, reflecting a drop of ₹90. This downward trend highlights the ongoing fluctuations in the domestic bullion market.
City-Wise Gold Price Breakdown
Gold prices vary slightly across major Indian cities due to local factors such as demand, taxes, and transportation costs. Below is a detailed list of today's rates per gram for key metropolitan areas:
- Chennai: 24K at ₹15,928, 22K at ₹14,600, 18K at ₹12,600
- Mumbai: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Delhi: 24K at ₹15,855, 22K at ₹14,535, 18K at ₹11,895
- Kolkata: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Bangalore: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Hyderabad: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Kerala: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Pune: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880
- Vadodara: 24K at ₹15,845, 22K at ₹14,525, 18K at ₹11,885
- Ahmedabad: 24K at ₹15,845, 22K at ₹14,525, 18K at ₹11,885
Understanding Gold Purity and Usage
Gold purity is measured in karats, with 24-karat gold being the purest form, often preferred for investment purposes due to its higher value. In contrast, 22-karat and 18-karat gold are commonly used in jewellery making, as they offer a balance of durability and aesthetic appeal. The recent price movements underscore the dynamic nature of gold as both a financial asset and a cultural staple in India.
Market Context and Trends
In January 2026, gold prices in India reached an all-time high, surging by almost 20 per cent. However, this upward trajectory was interrupted by a significant correction, with prices dropping by more than 12 per cent in just 10 days. This decline coincided with the Union Finance Minister Nirmala Sitharaman's presentation of the Union Budget on February 1, 2026, which may have influenced market sentiment. Additionally, recent trends show a shift in investment patterns, with Indians increasingly favoring gold exchange-traded funds (ETFs) over equity mutual funds, reflecting gold's enduring appeal as a safe-haven asset.
Investors and consumers are advised to stay updated with real-time market data, as gold prices can fluctuate rapidly based on global economic conditions, currency movements, and domestic policy changes. The current rates provide a snapshot of today's market, but ongoing monitoring is essential for making informed decisions regarding gold purchases or investments.
