Gold, Silver Prices Fall Today: 24-Carat Gold Down Rs 1,175, Silver Drops Rs 5,835
Mumbai, 12th February 2026: Gold and silver prices witnessed a decline in the domestic bullion market on Wednesday, February 12, according to data released by the India Bullion and Jewellers Association (IBJA).
The price of silver fell sharply by ₹5,835 to ₹2,60,614 per kilogram. On Wednesday, silver was trading at ₹2,66,449 per kg. Meanwhile, the price of 10 grams of 24-carat gold dropped by ₹1,175 to ₹1,56,147. In the previous session, gold was priced at ₹1,57,322 per 10 grams.
Despite the day’s fall, bullion prices remain significantly higher compared to the start of the year. Gold has risen by ₹22,952 so far in 2026. On December 31, 2025, 10 grams of 24-carat gold was priced at ₹1,33,195, which has now climbed to ₹1,56,147. Silver has also gained ₹30,194 this year, moving from ₹2,30,420 per kg at the end of 2025 to ₹2,60,614 per kg currently.
Last month, on January 29, gold and silver had touched record highs in the domestic market. Gold hit an all-time high of ₹1,76,121 per 10 grams, while silver surged to ₹3,85,933 per kg.
Looking at last year’s trend, gold saw a massive rise of ₹57,000, or about 75 percent, in 2025. On December 31, 2024, 10 grams of 24-carat gold was priced at ₹76,162, which increased to ₹1,33,195 by December 31, 2025. Silver recorded an even steeper jump of ₹1.44 lakh, or 167 percent, during the same period, rising from ₹86,017 per kg at the end of 2024 to ₹2,30,420 per kg by the end of 2025.
Market experts advise buyers to always purchase certified gold. Consumers should ensure that jewellery carries the Bureau of Indian Standards (BIS) hallmark, which is an alphanumeric code such as “AZ4524” that certifies the purity and caratage of gold.
