Gold and Silver Prices in India Today, 12 June 2026: 24K Gold Rises to ₹1,49,790, Silver Climbs as COMEX Surges 2% and 4%

Gold and silver prices recovered on Friday, 12 June 2026, snapping a multi-day losing streak across Indian markets. As of 12:15 PM IST, 24K gold is trading at ₹1,49,790 per 10 grams, up ₹250 or 0.17% from yesterday, and silver 999 Fine is at ₹2,41,960 per kg, up ₹500 or 0.21%, according to Bullions.co.in. The recovery is driven by a sharp rebound on international markets, with COMEX gold up 2.04% to $4,198 per ounce and COMEX silver surging 4.27% to $66.74 per ounce. Easing crude oil prices, with Brent slipping toward $89 per barrel, have reduced inflation concerns and allowed short covering to lift precious metals heading into the weekend.

Quick Snapshot

Source: Bullions.co.in. Last updated 12 Jun 2026, 12:15 IST.

City-Wise Gold and Silver Rates Today, 12 June 2026

Prices vary across cities due to state taxes, local duties, and logistics costs.

Rates are indicative bullion prices as of 12 June 2026, 12:15 IST. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 11 June 2026: 24K Gold Slips to ₹1,48,850 as US Inflation Hits 3-Year High, Silver at ₹2,50,000

Gold and silver prices in India today, 11 June 2026: 24K gold at ₹1,48,850 per 10g and silver at ₹2,50,000 per kg, as US inflation hits a 3-year high of 4.2% and Iran tensions deepen. Check city-wise rates, MCX futures, and buying tips.

StartupTalky- Business News, Insights and StoriesMuskaan Kapoor

Gold Rate Analysis Today

24K gold is at ₹1,49,790 per 10 grams today, up ₹250 from yesterday's close of ₹1,49,540. It is a modest domestic gain, but the real story is in global markets. COMEX gold is up 2.04% to $4,198 per ounce, with an intraday high of $4,267.80 and a low of $4,192.10. The strong COMEX move reflects end-of-week short covering and a softer dollar as crude oil prices ease.

This is the first meaningful positive session for gold after a brutal week. Compared to one week ago on 5 June, gold is still down 3.81% from ₹1,55,730. The one-month picture is also weaker — gold has fallen 8.04% from ₹1,62,880 on 13 May. Year-on-year, however, gold remains a standout performer, up 52.01% from ₹98,540 a year ago.

The domestic gain is smaller than COMEX because Indian bullion association rates adjust once or twice a day and tend to lag sharp intraday moves in international markets. If COMEX sustains gains through the afternoon, domestic rates may revise higher later in the day.

Silver Rate Analysis Today

Silver 999 Fine is trading at ₹2,41,960 per kg today, up ₹500 or 0.21% from yesterday's ₹2,41,460. The domestic gain is modest, but the global signal is much stronger. COMEX silver has surged 4.27% to $66.74 per ounce, with a session high of $68.08. Silver is rebounding sharply from its recent multi-month lows, driven by short covering and renewed industrial demand optimism as crude oil prices soften.

Compared to one week ago, silver is down 2.85% from ₹2,49,070. The one-month comparison is more striking — silver has fallen 19.61% from ₹3,01,000 on 13 May. Despite that, silver's long-term performance remains exceptional, up 127.58% from ₹1,06,320 a year ago.

The 4.27% COMEX rally in silver outpacing gold's 2.04% gain is significant — it suggests industrial demand optimism is returning alongside the investment bid. Silver tends to outperform gold at the start of a recovery cycle.

MCX Futures Data Today, 12 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Source: Bullions.co.in Live Exchange Rates. Last updated 12 Jun 2026, 12:15 IST.

MCX gold and silver are both trading positively with clear upward momentum. The strong COMEX moves — particularly silver's 4.27% jump — suggest the worst of this week's sell-off may be behind us. However, the MCX gains are more measured than COMEX, as domestic rates absorb the move gradually. Traders should note that the US Producer Price Index (PPI) data is due today and could influence the afternoon session direction.

Key Factors Influencing Prices Today

COMEX Silver Surges 4.27%: Silver jumped 4.27% to $66.74 per ounce on COMEX, with a session high of $68.08. This is the strongest single-session gain for silver in weeks and signals a sharp reversal of the recent downtrend.

Crude Oil Easing: Brent crude has pulled back toward $88–89 per barrel from peaks above $93–94 earlier this week. Lower energy prices reduce inflation fears, which in turn eases pressure on the Federal Reserve to raise rates — a positive trigger for gold and silver.

End-of-Week Short Covering: Traders who had sold gold and silver heavily through the week are closing out positions ahead of the weekend. This mechanical buying adds momentum to the recovery, especially in volatile sessions like this.

Dollar Softening: A weaker US dollar makes gold and silver more attractive for non-dollar investors. The rupee is trading at around ₹95.27 per dollar, broadly stable, which limits additional currency-driven pressure on domestic prices.

Strong Year-on-Year Performance Remains Intact: Despite this week's correction, gold is up 52.01% and silver is up 127.58% year-on-year. Long-term investors remain in strong positive territory even after the June sell-off.

Smart Buying Tips

This could be a short-term floor — but wait for confirmation. Today's recovery is encouraging, but one session does not confirm a trend reversal. Watch whether gold can close the week above ₹1,50,000. A sustained hold above that level would be a more reliable signal.

Silver's 4% COMEX surge deserves attention. Silver outperforming gold in a recovery session is historically a bullish signal for both metals. Long-term investors who missed the earlier rally may find the current zone a reasonable staged entry point.

Avoid jewellery for pure investment purposes. Making charges of 8–25% are not recoverable at resale. For investment, coins, bars, or gold ETFs are more cost-efficient options.

Keep an eye on the US PPI data today. The Producer Price Index reading, due later on 12 June, is the next key trigger. A softer print would reinforce today's recovery; a hot reading could reverse gains quickly.

FAQs

Why is silver rising more than gold today?

Silver has a dual role — it is both an investment asset and an industrial metal used in solar panels, EVs, and electronics. When inflation fears ease and industrial demand optimism returns, silver tends to recover faster and more sharply than gold. Today's 4.27% COMEX silver gain versus gold's 2.04% reflects exactly this dynamic.

Why is the MCX gain smaller than the COMEX gain?

MCX gold is up 0.44% while COMEX is up 2.04%. Indian domestic bullion association rates are updated once or twice a day and include taxes, duties, and margins. They do not move in real time with COMEX. The full impact of today's COMEX surge may only reflect in domestic association rates by the afternoon or in tomorrow's opening rates.

Should I buy gold today given the recovery?

Today's bounce is positive but comes after a week of sharp falls. Gold has lost about 3.81% over seven days. A single-session recovery does not necessarily signal a sustained reversal. Investors with a long-term view may consider modest staged buying. Those with a short-term view should wait to see whether today's gains hold into the close and through next week.