Gold Rates & Silver Rates Today (12-06-2026) LIVE: MCX Gold Climbs To Rs 1.50 Lakh, Silver Jumps Rs 3,200

Gold rates and silver rates in India surged sharply on June 12, on the optimism of a peace deal between US and Iran. MCX gold climbed nearly 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 pivotal levels of $4,200 per ounce and $67 per ounce.

There is a growing 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 reinforcing expectations of a Federal Reserve rate increase this year, as per Trading Economics.

On the other hand, crude oil prices dropped by 2% each with Brent rude below $89 per barrel and US WTI Crude Oil futures under $87 per barrel.

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