Gold Rate in India Jumps Over Rs 16,000/24K in Just 2 Days; Will Gold Price Today Continue Rally on 12 March?

Gold rates in India continued to climb this week as rising tensions in the Middle East boosted demand for safe-haven assets. The yellow metal has seen a sharp surge over the past two sessions, with 24 Karat gold jumping nearly Rs 16,300 per 100 grams.

Rally in Gold Rates Continue; Check Latest Yellow Metal Prices

Spot Gold Rate Today: Internationally, gold prices have remained near $5,190 per ounce amid the ongoing tensions in the Middle East have kept financial markets on edge, supporting demand for gold as a hedge against volatility. While the conflict in the Middle East provides a support base for bullion prices, a stronger US dollar and rising US Treasury yields are limiting further gains.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 12 March 2026

24 Karat Gold Rate Today in India

At the time of writing, 24 Karat gold is trading at around Rs 16,331 per gram, reflecting an increase of Rs 93 per gram compared to the previous session. On a larger scale, 10 grams of 24 Karat gold is currently priced near Rs 1,63,310, while 100 grams of the precious metal is valued at approximately Rs 16,33,100.

22 Karat Gold Rate Today in India

Meanwhile, 22 Karat gold is currently available at about Rs 14,970 per gram, up by Rs 85 per gram. The price of 10 grams of 22 Karat gold is hovering around Rs 1,49,700, while 100 grams is priced close to Rs 14,97,000 in the domestic market.

18 Karat Gold Rate Today in India

For those looking at 18 Karat gold, the metal is currently trading at nearly Rs 12,248 per gram, showing an increase of Rs 69 per gram. The price of 10 grams of 18 Karat gold stands around Rs 1,22,480, while 100 grams is valued at roughly Rs 12,24,800.

Global Factors Influencing Gold Prices

Analysts say gold continues to receive structural support from geopolitical uncertainty, but broader macroeconomic factors remain equally important. Investors are closely monitoring global inflation trends and central bank policies.

Recent data showed headline inflation holding near 2.4%, although concerns persist that energy supply disruptions could push price pressures higher in the coming months.

MCX Gold Price Today: Check Gold Rate Prediction Ahead

According to market experts, gold prices may remain range-bound in the near term as investors await clearer signals from upcoming inflation data and global economic developments.

"Gold prices remained under pressure on Wednesday, easing despite elevated geopolitical tensions, as broader macroeconomic factors continued to outweigh safe-haven demand," said Kaveri More, Commodity Analyst at Choice Broking.

"Currently, MCX gold is hovering near Rs 162,300, with momentum indicating a sideways-to-bearish bias. Immediate support is placed around Rs 161,340-Rs 160,200 while resistance is seen near Rs 162,340-Rs 163,580," noted the expert.

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