As of May 12, 2026, gold prices in India are as follows: ₹15,398 per gram for 24 carat gold, ₹14,115 for 22 carat, and ₹11,549 for 18 carat. Today's prices indicate slight increases of ₹54 for 24 carat, ₹50 for 22 carat, and ₹41 for 18 carat gold. The fluctuations in gold prices are influenced by the ongoing conflict in West Asia, which began on February 28, 2026, involving military actions by the US and Israel against Iran. This geopolitical situation has also led to rising crude oil prices, contributing to inflation concerns and affecting gold market dynamics. Additionally, gold prices are shaped by global market rates, import duties, taxes, and currency exchange rates, which collectively drive daily price variations across India.