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MCX Gold Falls Below ₹1.51 Lakh as Domestic Rates Ease on October 12

MCX gold traded at ₹1,50,968 per 10 grams on October 12, 2026, while national 24K gold was ₹15,141 per gram, according to dated market reports.

Published 12 October 2026TradeGrows Markets Desk

Main source dated 2026-10-12. Research checked through 12 October 2026 at 11:17 am IST. Market observations retain their own dates and units; this is not a live quote feed.

Evidence before inference. A company metric, supervisory opinion, benchmark price and market forecast are not interchangeable. Check the original documents and stated limitations.
Conceptual gold-market illustration with bullion, exchange data and Indian market context
Original conceptual editorial illustration; not company premises, an official document or a market-data chart.

Gold prices moved in different directions across domestic and international benchmarks on October 12. Goodreturns reported that MCX gold traded at ₹1,50,968 per 10 grams, down ₹531 or 0.4%, after touching an intraday low of ₹1,50,500. MCX silver was reported at ₹2,25,631 per kilogram, down ₹124 or 0.05%.

Mathrubhumi reported national retail rates of ₹15,141 per gram for 24K gold, ₹13,879 for 22K and ₹11,356 for 18K, each down by ₹1 per gram from the previous trade. It reported December gold futures at ₹1,50,800 per 10 grams, down 0.46% in morning trade.

The two reports also described firm international prices, with spot gold above $4,200 per ounce. Goodreturns cited lower oil prices and geopolitical developments as part of the market context, while Mathrubhumi noted that elevated US Treasury yields and expectations of further Federal Reserve tightening could limit gains. Domestic retail quotes can differ from exchange futures because of purity, taxes, premiums, location and dealer terms.

Key facts

  • MCX gold reported by Goodreturns: ₹1,50,968/10g, down 0.4%.
  • MCX intraday low reported: ₹1,50,500/10g.
  • National 24K retail rate reported by Mathrubhumi: ₹15,141/g.
  • National 22K retail rate: ₹13,879/g.
  • December MCX gold futures reported by Mathrubhumi: ₹1,50,800/10g, down 0.46%.
  • Spot gold: above $4,200/oz in both reports’ market context.

Why it matters

Readers comparing a retail gold rate with MCX futures need to confirm the instrument, purity, contract month, timestamp and tax basis. A domestic quote is not automatically interchangeable with an exchange-traded futures price. The reported decline also does not establish a future direction for gold.

For separately dated retail references, see Gold Rate Today in India and the Jaipur gold-rate page. The commodity market hub explains why physical gold and futures quotes are not interchangeable.

Sources

Goodreturns’ October 12 gold and silver report (opens in a new tab); Mathrubhumi’s October 12 retail gold and futures report (opens in a new tab).

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