Gold and silver price today, June 12: Check rates of 24K, 22K gold in Delhi, Mumbai other cities

Daily Update, Business

Gold prices traded higher in early June 12 trade amid the war in Iran, which has kept oil prices heightened.

The international spot gold traded 2.56 percent higher to $4,219.40 per ounce, while silver inches up 5.04 percent up to $67.22 per ounce over the last 24 hours in early Comex trade.

Gold prices yesterday (June 11) witnessed unstable trade but bounced back amid mixed global cues.

The gold futures for the August contract on MCX traded 0.95 percent higher to Rs 1,50,343 per 10 grams, and silver futures for the July contract surged 1.69 percent to Rs 2,43,700 per kg. The domestic MCX spot price…

Gold rates and silver rates in India rose sharply on June 12,

on the optimism of a peace deal between US and Iran. MCX gold climbed almost 1% to reclaim over Rs 1.50 lakh mark, while MCX silver soared by over 1.3% to trade around Rs 2.43 lakh mark. However, spot gold and silver traded volatile.

Currently, both spot gold and silver are trading with mild downside but around key levels of $4,200 per ounce and $67 per ounce.

There is a rising optimism of peace deal between US and Iran, which could ease concerns of inflationary pressures and potential rate hikes. President Donald Trump said a deal with Iran could be reached as early as this weekend after postponing planned attacks and warning that the US could target the country’s oil infrastructure. Iran’s semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved. Meanwhile, the ECB raised interest rates on Thursday for the first time since 2023 and lifted its inflation forecasts for 2026 and 2027. Data also showed US producer prices climbed 6.5% year-on-year in May, highlighting the inflationary effects of the Middle East energy shock and strengthening expectations of a Federal Reserve rate increase this year, as per Trading Economics.

Now Playing en Are jeans too tight or too big for you try these hacks UP NEXT en do you know these everyday items are toxic en saw these dreams recently do you know what it means en things pilots are not allowed to do on board en what does the music in your playlist reveal about your personality On the other hand, crude oil prices dropped by 2% each with Brent crude below $89 per barrel and US WTI Crude Oil futures below $87 per barrel.

Gold Price Today, June 12:

Gold prices surged on Friday, rising above the Rs 1.5 lakh mark in domestic futures trade, after US President Donald Trump said the US could sign a deal with Iran over the weekend to end the war that’s rattled global markets and fueled inflation.

MCX Gold futures for August 2026 delivery traded at Rs 1,50,402 per 10 grams, gaining Rs 1,468 or 0.99% during the opening session. Silver prices also edged higher, with MCX silver futures for July 2026 delivery trading at Rs 2,43,500 per kg, up Rs 3,865 or 1.61%.

Across Key Cities On June 12?

22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,38,750 Rs 1,50,550
Jaipur Rs 1,38,750 Rs 1,50,550
Ahmedabad Rs 1,38,700 Rs 1,50,450
Pune Rs 1,38,650 Rs 1,50,400
Mumbai Rs 1,38,650 Rs 1,50,400
Hyderabad Rs 1,38,650 Rs 1,50,400
Chennai Rs 1,38,650 Rs 1,50,400
Bengaluru Rs 1,38,650 Rs 1,50,400
Kolkata Rs 1,38,650 Rs 1,50,400

Gold fell to an over six-month low on Thursday before shutting higher at $4,219.69, as U.S. President Donald Trump called off planned military strikes on Iran and signaled an imminent peace deal.

Gold rate in Gujarat on Friday, Jun 12, 2026:

Today, the price of 24-carat Gold in Gujarat is ₹1,45,680 per 10 grams. A day earlier, on Jun 11, 2026, the rate stood at ₹1,48,900 per 10 grams. This means that, compared to the previous day, the price of Gold in the city has decreased by ₹3,220 per 10 grams.

Among the major cities of the country, the price of 24K Gold in Ambur was the highest at ₹1,47,270 per 10 grams. Whereas, the price of 24K Gold in Warangal was the lowest at ₹1,45,630 per 10 grams. Thus, compared to Ambur, 24K Gold price in Warangal is cheaper by ₹1,640.00 per 10 grams.

Across India, Tamil nadu recorded the highest gold price today at ₹1,47,270 per 10 grams of 24 Karat gold. Conversely, Telangana recorded the lowest rate at ₹1,45,630 per 10 grams. This indicates a price gap of ₹1,640.00, making 24 karat gold in Telangana cheaper compared to Tamil nadu.

Gold rate today in Erode stands at ₹14,727 per gram for 24K gold, whereas the 22K gold rate is ₹13,499 per gram and the 18K gold rate is ₹11,309 per gram. These rates serve as a useful reference for buyers, investors, and anyone tracking the gold price in Erode. Gold prices can fluctuate throughout the month due to a range of market factors, making it important to follow regular updates rather than relying on a single day’s rate. Monitoring the gold rate today in Erode can help provide a better understanding of broader price movements over time. During May, the gold price in Erode has traded within a defined range. The highest gold rate recorded was ₹15,818, while the lowest rate was ₹14,727. This range offers a wider view of how gold prices have moved during the month and helps place the current gold rate in context. For those tracking the gold price today in Erode, checking rates regularly can help with informed decisions. Keep visiting TOI for updates on gold, silver, and platinum rates.