Gold Prices in India Rise on West Asia Peace Hopes

On June 12, 2026, gold futures on India's Multi Commodity Exchange increased about 1.1% to Rs 1,50,600 per 10 g, while silver futures rose roughly 2% to Rs 2,44,800 per kg. The rally was linked to optimism that a US‑Iran peace deal could be reached, easing concerns over global energy supplies and triggering a decline in crude‑oil prices.

The previous day, June 11, saw gold fall 0.36% to Rs 1,47,494 and silver drop 0.56% as heightened Middle‑East tensions lifted Brent and WTI oil prices. Traders also priced in a more than 70% probability of a Federal Reserve rate hike by December, adding to inflation worries.