Gold Price Today, April 12, 2026: Prices of gold jumped slightly after a volatile week marked by the United States and Iran ceasefire and the high-level peace talks in Islamabad. As of today, the rates of yellow metal in India continue to be influenced by global market trends, local demand and changing currency rates.
Global spot gold ended the trading week with a slight cooling but maintained its third consecutive weekly gain of around 2 per cent. In the domestic market, gold prices recovered around Rs 870 per 10 grams yesterday, recouping some of the losses witnessed after the initial ceasefire correction.
After nearly 21 hours of peace talks in Pakistan that lasted overnight, the United States and Iran have failed to reach a ceasefire agreement , US Vice President JD Vance said on Sunday. The talks were the first direct US-Iranian meeting in more than a decade and the highest-level discussions since the 1979 Islamic Revolution.
The outcome could determine the fate of the fragile two-week ceasefire and the reopening of the Strait of Hormuz, a chokepoint for about 20 per cent of global energy supplies that Iran has blocked since the war began. The conflict has sent global oil prices soaring and killed thousands of people.
Gold Prices on April 12, 2026: City-wise rates
The current price of 24K gold in Delhi is Rs 15,251 per gram
The current price of 22K gold in Delhi is Rs 13,981 per gram
The current price of 24K gold in Mumbai is Rs 15,236 per gram
The current price of 22K gold in Mumbai is Rs 13,966 per gram
The current price of 24K gold in Kolkata is Rs 15,236 per gram
The current price of 22K gold in Kolkata is Rs 13,966 per gram
The current price of 24K gold in Chennai is Rs 15,410 per gram
The current price of 22K gold in Chennai is Rs 14,126 per gram
Notably, Gold prices could surge to USD 6,500 in the international market by July or August amid escalating geopolitical tensions, potentially pushing domestic prices up by Rs 4,500-5,000 if the rupee remains stable, industry experts said in an exclusive interview with ET Now Swadesh. While elevated prices and volatility have dampened overall demand, with discounts emerging in the physical market and investment interest shifting towards ETFs, wedding-related buying continues to lend some support.
Nitin Kedia, National General Secretary, All India Jewellers & Goldsmith Federation (AIJGF), said, “it is expected that Gold could see the $6,500 level in the international market by July or August. Accordingly, in India, we may see a rise of approximately Rs 4,500-5,000, assuming the rupee remains stable.”
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)