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Gold Rates & Silver Rates Today (12/10/2026) LIVE: MCX Bullion Crash Intensifies, MCX Gold Below Rs 1.50 Lakh

Gold rates and silver rates in India declined on Monday, October 12, 2026, despite buying trend seen in the global bullion market. MCX gold price erased its pivotal level of Rs 1.51 lakh mark and touched an intraday low of Rs 1,50,500 per 10 grams. Meanwhile, MCX silver trading marginally lower after hitting below Rs 2.25 lakh per 1Kg mark.

Spot gold extended its surge for three consecutive sessions to trade above $4,200 per ounce on the back of falling oil prices. Spot silver gained 1% to trade above $61 per ounce. Investors' appetite in gold restored after hopes of Russian diesel supplies to ease global fuel shortages crisis, which could further ease inflationary pressure.

On Friday, President Donald Trump said his administration had reached an agreement for Russia to supply hundreds of thousands of tons of diesel, signaling a partial lifting of Moscow's ban on diesel exports. Trump also claimed that Russia and Ukraine had agreed to an "energy ceasefire" effective immediately. Meanwhile, Saudi Arabia's main airport was targeted again on Sunday by Iran-backed Houthi militants, a day after a strike killed 12 people and injured more than 300. The attacks prompted Trump to consider joining Saudi Arabia in retaliatory action against the Houthis in Yemen. Elsewhere, investors looked ahead to key US inflation figures this week that could offer fresh clues on the Federal Reserve's next policy move, as per Trading Economics.

Meanwhile, crude oil prices dropped by 1% to 2% with US WTI crude futures to trade below $91 per barrel and Brent crude futures trading near $103 per barrel. Natural gas and gasoline crashed 2% each. Copper price gained 1% in the global market.

US 10-year treasury yields remain steady at around 5.24%, while the 30-year yield eased to 5.60%. Meanwhile, the US dollar rate fell to 102.12 against a basket of currencies.

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