New Delhi, June 12: After three days of decline, gold and silver prices saw a resurgence on Friday. The price of 24-carat gold rose to ₹1.47 lakh per 10 grams, while silver prices exceeded ₹2.42 lakh per kilogram.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by ₹3,018, reaching ₹1,47,800 per 10 grams, up from ₹1,44,782 per 10 grams previously.
The price of 22-carat gold also rose, moving from ₹1,32,620 per 10 grams to ₹1,35,385 per 10 grams. Similarly, the price of 18-carat gold climbed to ₹1,10,850 per 10 grams, up from ₹1,08,587 per 10 grams.
Silver prices followed suit, increasing by ₹9,991 to reach ₹2,42,582 per kilogram, compared to ₹2,32,591 per kilogram earlier.
IBJA releases gold and silver prices twice daily. In the futures market, both gold and silver prices showed upward trends. As of the time of writing, the Multi Commodity Exchange (MCX) reported gold contracts for June 30, 2026, rising by 0.49% to ₹1,49,655, while silver contracts for June 24, 2026, increased by 0.70% to ₹2,41,329.
International markets also witnessed a rise in gold and silver prices. On Comex, gold increased by 2.22% to $4,205 per ounce, and silver rose by 4.04% to $66.58 per ounce.
The surge in gold and silver prices is attributed to the potential peace agreement between the U.S. and Iran. According to Iran’s state news agency Mehr, the proposed deal includes lifting sanctions, removing the U.S. Navy blockade from the Strait of Hormuz, and ending the encirclement of U.S. forces around Iran.
Meanwhile, U.S. President Donald Trump stated that the deal with Iran to end the conflict is nearing completion and could be signed in Europe over the weekend.
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