Gold Price Today: New Rates in Delhi, Mumbai Before New Year
Last Updated: April 12, 2026, 6:45 PM IST
Gold prices in India have finished the week on a firmer note as retail buyers rush to jewelry showrooms ahead of the Baisakhi, Vishu, and Tamil New Year festivals on April 14. Despite the ongoing bank holidays, retail gold markets remain fully operational and are seeing a massive surge in footfall tonight.
In the national capital, Delhi, the price of 24-carat gold stands at ₹1,52,340 per 10 grams, while 22-carat gold is priced at ₹1,39,645. Mumbai has recorded a slightly higher rate of ₹1,52,610 for 24-carat gold. These prices are holding steady despite the global market being closed for the weekend, primarily driven by high domestic demand.
However, buyers should be aware that with tonight’s UPI status failures, making large digital payments for jewelry might be difficult. Showrooms are advising customers to use IMPS or carry physical cash to avoid the 1-hour UPI delay rule for transactions above ₹10,000.
City-Wise Gold Rates Tonight (April 12, 2026)
The price of the yellow metal varies across major metros due to local taxes and making charges. In Chennai, 24-carat gold is retailing at ₹1,53,000 per 10 grams, the highest among the four major metros, while Kolkata is tracking closely at ₹1,52,380.
For those looking to buy 22-carat jewelry, the rate in Bengaluru is ₹1,39,957 per 10 grams. This price stability is a relief for many who feared a massive pre-festival spike.
Analysts suggest that this “sideways” trend is a result of easing geopolitical tensions following the US-Iran ceasefire talks, which has cooled off the global rally.
However, local jewelry experts in Mumbai’s Zaveri Bazar predict a 2% price hike starting Tuesday morning when the festival demand peaks. This makes tonight the “Golden Window” for those who want to avoid the money rules changing for high-value purchases later this month.
Why Prices are Surging in South India
The Southern states, particularly Kerala and Tamil Nadu, are seeing the highest demand due to the upcoming Vishu and Puthandu celebrations. In these regions, gold is considered the most auspicious purchase for the New Year. Because of the four-day bank closure, many jewelers are offering “Spot Booking” where you can lock in today’s price by paying a small advance.
If you are planning to make a purchase tomorrow, remember that banks will remain closed across most of India. This could lead to a localized ATM cash crunch, so ensure you have arranged your funds through net banking. Always verify the hallmark on your jewelry and double-check the two-step verification limits on your app before reaching the billing counter.
What to Expect for Gold Prices This Week
Market experts are monitoring the RBI MPC meeting outcomes and the US Dollar index to predict the next big move. If the Rupee continues to weaken against the Dollar, we could see gold testing the ₹1.6 lakh mark by the end of April.
For those receiving government benefits, check your official payment status to see if your funds have arrived in time for the festival shopping.
Stay updated with our daily price trackers to get the best value for your investment. We also recommend keeping an eye on silver prices, which have remained stable at ₹2,43,350 per kg in Delhi, offering a more affordable alternative for gifting this New Year.
Disclaimer: Gold rates are subject to market volatility and local jeweler making charges. Please verify the final price with your local jeweler before making a purchase.
