India gold and silver prices jump on June 12 as US‑Iran peace hopes boost market

On June 12, 2026, Indian commodity exchanges saw a sharp rise in gold and silver prices. On the MCX, gold futures opened at about ₹1,663 per 10 g, up roughly 1.1%, while silver climbed to ₹3,123 per kg, a gain of about 1.3%. Market observers linked the rally to expectations of a potential peace agreement between the United States and Iran, which they said could ease geopolitical tensions and improve global energy supplies.

A separate report noted a slight pull‑back later in the day, with gold at ₹1,45,630 per 10 g and silver at ₹2,49,900 per kg, representing modest declines of a few rupees from the previous session. Both reports highlighted continuing volatility in international markets, where spot gold hovered near $4,191 per ounce and spot silver near $67.10 per ounce, affected by U.S. interest‑rate discussions and broader geopolitical factors.