Udaipur, May 13, 2025 - Gold prices witnessed a record decline yesterday, May 12, as tensions eased following the ceasefire between India and Pakistan as well as a tariff agreement between the United States and China. On May 12, the price of 24-carat gold dropped by Rs 2,020 to Rs 96,500 per 10 grams, down from Rs 98,520 on May 10. The price of jewellery-grade gold (22-carat) fell by Rs 1,860 to Rs 88,780, which was previously Rs 90,640.

Gold prices on the MCX (Multi Commodity Exchange) fell to a low of Rs 92,389, marking a sharp drop of Rs 4,100 in a single day. However, some recovery was seen in the evening session.

Silver prices also saw a decline of Rs 850, bringing it down to Rs 97,150 per kilogram from the earlier rate of Rs 98,000 per kilogram.

Silver Futures declined by Rs 2,000, hitting a low of Rs 93,867 per kilogram, although prices recovered slightly later in the day.

Brent crude oil prices surged to $66 per barrel. Just a month ago, prices were below $60 per barrel.

With Media Inputs