Gold Rate Today: Gold prices have been winged due to the weakening of the rupee against the dollar and the new policies of US President Donald Trump. The price of 22 carat gold has gone beyond Rs 80,000. Today gold has become expensive on Wednesday, February 12. The price of 24 and 22 carat gold increased by up to Rs 400. In most big cities of the country, 10 grams of gold is above Rs 87,400.
Why are the price of gold increasing
A major reason for increasing the price of gold is the possibility of global trade war. When US President Donald Trump talked about imposing 25% import duty on steel and aluminum, the concern of impacting trade across the world increased. Due to this, investors are investing in gold to protect their money, causing gold prices to rise. In addition, the fear of stock market volatility and recession is also increasing the demand for gold.
Apart from this, dollar strength and weakness of Indian rupee are also affecting gold prices. When the price of the rupee decreases, the import of gold in India becomes expensive. This increases gold prices. Also, investors consider gold as a safe option due to expectations of inflation and changes in interest rates, which increases its prices further.
In Delhi-Mumbai Price of 24 and 22 carat gold
24 carat gold has rose by about Rs 300 in Delhi. The price here reached Rs 87,540 per 10 grams, while 22 carat gold remains at Rs 80,260 per 10 grams. The price of 24 carat gold in Mumbai is trading at Rs 87,390 and 22 carat gold at Rs 80,2110 per 10 grams. Learn here the price of gold in 4 big cities of the country 12 February 2025.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 80,260 | 87,540 |
| Chennai | 80,110 | 87,390 |
| Mumbai | 80,110 | 87,390 |
| Kolkata | 80,110 | 87,390 |
Silver price on 12 February
The price of silver declined on 12 February. The price of silver is trading at Rs 99,400 per kg.
How is the price of gold decided in the country?
The price of gold in India varies due to many reasons, such as international market prices, government tax and rupee fluctuations. Gold is not just a means of investment, but also an important part of our culture. It also increases its price due to increasing demand and increasing demand during festivals. People consider it a safe investment, so the change in its price has a direct impact on the pockets of the common people.
Bank Holiday: Banks will be closed on Wednesday too, know why RBI has given 12 February holiday