Gold Prices Drop Across Major Indian Cities on October 12
Gold rates have seen a decline today, with significant drops in various cities including Nagpur and Coimbatore.
Gold prices fell by ₹40 for 1 gram of 22-carat gold nationwide.
Nagpur's gold rate for 22-carat gold is now ₹13,890 per gram.
The price for 1 gram of 24-carat gold in Nagpur is ₹14,585, down by ₹42.
On October 12, 2026, gold prices experienced a noticeable decline across several cities in India. The rate for 1 gram of 22-carat gold is now ₹13,920, reflecting a decrease of ₹40 compared to the previous day. This trend was observed in major cities including Nagpur, Coimbatore, and Visakhapatnam, where gold prices have similarly dropped.
In Nagpur, the current price for 1 gram of 22-carat gold stands at ₹13,890, while 8 grams are priced at ₹1,11,120, marking a reduction of ₹320. The 24-carat gold rate in Nagpur is ₹14,585 for 1 gram and ₹1,16,680 for 8 grams, down by ₹42 and ₹336 respectively. This decline is part of a broader trend affecting gold prices across the country.
Coimbatore also reported similar reductions, with 22-carat gold priced at ₹13,840 per gram and 24-carat gold at ₹14,532. Other cities such as Surat, Jaipur, and Lucknow have shown comparable price drops, indicating a nationwide trend in the gold market.
The implications of these price changes are significant for consumers and investors alike. Lower gold prices may encourage purchases among consumers, particularly in the festive season, while investors may reassess their portfolios in light of the declining prices. The overall impact on the gold market could lead to increased demand as buyers look to take advantage of lower rates.
Looking ahead, market analysts will be closely monitoring gold prices in the coming days for any potential rebounds or further declines. Upcoming economic indicators and global market trends will play a crucial role in determining the direction of gold prices in India.
