Gold Rate Today, October 12, 2026: Prices Fall; Check 24K, 22K and 18K Rates Across Major Cities

Gold Rate Today, October 12, 2026: Gold Prices Decline, Check 24K, 22K and 18K Rates in Major Cities

Gold prices in India declined on Monday, October 12, 2026, as investors followed movements in international bullion markets and waited for important economic data from the United States. The price movement came amid changing expectations about interest rates, fluctuations in the US dollar and uncertainty surrounding the global economic outlook.

According to city-wise prices published by Goodreturns, 24-carat gold was priced at Rs 15,098 per gram in several major Indian cities. The reported rate for 22-carat gold was Rs 13,840 per gram. Prices varied slightly between cities, while the 18-carat rate differed in some locations.

Gold prices are closely watched by jewellery buyers, investors and households in India, particularly during the festive season. However, the final price paid by a customer may differ from the quoted rate because of taxes, jewellery making charges, retailer pricing and product design.

Gold Prices Decline in Domestic Trading

Gold prices recorded a decline in domestic trading on October 12. On the Multi Commodity Exchange, gold futures fell during morning trade, with the December contract trading lower than its previous closing level.

Domestic gold prices are influenced by several factors, including international bullion prices, the rupee's exchange rate against the US dollar, import costs and local demand. Changes in any of these factors can affect the prices quoted by bullion dealers and jewellery retailers.

Although city-wise retail rates provide a useful reference for consumers, they should not be treated as a single uniform price applicable to every jeweller. Retailers may quote different prices depending on their sourcing costs, business policies and the type of gold product being sold.

International Market and US Inflation Data

International gold prices also came under pressure on Monday after briefly reaching a one-week high. Market participants were assessing movements in the US dollar and preparing for upcoming American inflation figures.

Economic indicators such as the Consumer Price Index and Producer Price Index can influence expectations about the US Federal Reserve's interest-rate decisions. If inflation remains higher than expected, financial markets may anticipate interest rates staying elevated for longer. Higher yields on interest-bearing assets can reduce the relative appeal of gold, which does not generate regular interest income.

Conversely, weaker inflation data could increase expectations of monetary easing and potentially support gold prices. These relationships are not automatic, however, because gold can also respond to geopolitical developments, investment demand, currency movements and changes in market risk appetite.

Investors therefore continued to monitor US economic data and movements in the dollar for further indications about the direction of international bullion prices.

Gold Rates in Major Indian Cities

The following rates are based on the city-wise figures published by Goodreturns for October 12, 2026. Prices are shown per gram.

Rates in other cities, including Salem, Tiruchirappalli, Tirunelveli, Vellore, Erode, Thanjavur and Nagercoil, are also listed in the full city-wise price table published by Goodreturns. Buyers should check the latest local rate before making a purchase because prices can change during the day.

Difference Between 24-Carat, 22-Carat and 18-Carat Gold

The purity of gold is an important factor in determining its price and suitability for different uses.

24-carat gold is approximately 99.9 percent pure and is commonly associated with investment products such as gold bars and coins. Because it is relatively soft, it is generally less suitable for jewellery that requires greater durability.

22-carat gold contains approximately 91.6 percent gold, with the remaining portion made up of other metals. It is widely used for traditional gold jewellery because the added metals can improve its strength.

18-carat gold contains 75 percent gold. It is often used in jewellery designs that require greater durability or combine gold with other materials. The lower gold content generally makes its price per gram lower than that of 22-carat or 24-carat gold.

Consumers should check the purity marking and hallmark details before purchasing gold jewellery.

What Buyers Should Check Before Purchasing Gold

The published gold rate is usually a reference price and may not represent the complete cost of a finished jewellery item. Buyers should ask retailers for a clear breakdown of the gold value, making charges, applicable taxes and any additional fees.

It is also important to compare the purity, weight and final billed amount across retailers. For jewellery purchases, customers should retain the invoice and verify the hallmark information.

Gold prices can move in response to international developments and currency changes. Buyers should therefore confirm the current rate with their chosen jeweller rather than relying only on a price published earlier in the day.

Overall, gold prices in India declined on October 12, 2026, while market participants continued to assess the outlook for the US dollar, inflation and interest rates. The latest city-wise prices offer a reference for buyers, but the final retail cost will depend on the location, product and applicable charges.