Big Drop In Gold Rate Today India: Check Latest 24K, 22K, 18K Gold & Silver Prices On Oct 12

The gold rate today in India on October 12, with 24K gold prices fell by Rs. 440 per 10 grams and is near the Rs. 1.5 lakh mark.

While domestic Gold rate today fell, gold prices in the international market is rising and it surged above $4200 per ounce

"Gold prices climbed for a third straight session as falling oil prices, driven by hopes that Russian diesel supplies could ease global fuel shortages, helped alleviate inflation concerns. On Friday, President Donald Trump said his administration had reached an agreement for Russia to supply hundreds of thousands of tons of diesel, signaling a partial lifting of Moscow's ban on diesel exports. Trump also claimed that Russia and Ukraine had agreed to an "energy ceasefire" effective immediately. Elsewhere, investors looked ahead to key US inflation figures this week that could offer fresh clues on the Federal Reserve's next policy move." as per trading economics.

Gold Rate In India Today, October 12

24 Karat Gold Rate Today: Pure gold with 999 purity is retailing at Rs. 15,098 per gram after a drop of Rs. 44. The 10-gram 24K gold rate fell by Rs. 440 and is now available at Rs. 1,50,980. Meanwhile, the 100-gram variant of 24K gold declined by Rs. 4,400 to cost Rs. 15,09,800.

22 Karat Gold Rate Today: Standard gold with 916 purity is retailing at Rs. 13,840 per gram after falling by Rs. 40. The 10-gram 22K yellow metal price declined by Rs. 400 to cost Rs. 1,38,400. Similarly, the 100-gram variant is available at Rs. 13,84,000 after a drop of Rs. 4,000.

18 Karat Gold Rate Today: The 18K gold variant with 750 purity is priced at Rs. 11,324 per gram after falling by Rs. 33. The price of 10 grams declined by Rs. 330 to Rs. 1,13,240, while the 100-gram variant is available at Rs. 11,32,400 after a decrease of Rs. 3,300.

Silver Rate In India Today

Just like gold prices, the silver rate in India paused its rally on Monday morning. The white metal is currently at Rs. 2,40,000 per kg. Meanwhile, the price of 100 grams of silver rose to Rs. 24,000.

MCX Gold & Silver Futures

Gold and silver futures on the Multi Commodity Exchange (MCX) began the session with a drop on Monday, unaligned with the gains in the spot market.

At the time of writing, the December 5 gold futures contract fell Rs.861, or 0.57%, to trade at Rs. 1,50,638 per 10 grams. Meanwhile, the July silver futures contract surged Rs. 555, or 0.25%, to Rs. 2,25,200 per kg.