Key facts
- Gold and silver prices increased on June 12, 2026.
- The rise is linked to easing inflation concerns and geopolitical stability hopes.
- A potential US-Iran peace deal is cited as a factor.
- 22k gold jewelry was priced at Rs 13,665 per gram in Delhi by Tanishq.
- IBJA reported fine gold at Rs 14,761 per gram and silver at Rs 242,295 per kilogram on June 12, 2026.
Gold and silver prices saw a notable increase on Friday, June 12, 2026, across major Indian jewelry retailers and the India Bullion and Jewellers Association (IBJA). This rebound follows a dip on Thursday, with bullion market experts citing easing inflation concerns and hopes for geopolitical stability as key drivers. The optimism is partly fueled by expectations of an imminent US-Iran peace deal, which has also led to a decrease in oil prices and put pressure on the US dollar. US President Trump indicated a potential deal signing over the weekend, though Iran has not yet confirmed.
Despite the positive sentiment for precious metals, the European Central Bank (ECB) implemented its first interest rate hike since 2023. Concurrently, US producer prices rose by 6.5% year-on-year in May, reinforcing expectations of further rate hikes by the Federal Reserve.
Specific rates show Tanishq's 22-carat gold jewelry priced at Rs 13,665 per gram in New Delhi, Chennai, Trivandrum, Kolkata, Bengaluru, Mumbai, and Hyderabad on June 12, 2026. This marks an increase from Rs 13,395 per gram on June 11. Other brands like Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers also listed 22k gold at Rs 13,620 per gram, up from Rs 13,350 per gram on June 11.
The IBJA reported its rates for June 12, 2026, with fine gold (999) at Rs 14,761 per gram, 22K gold at Rs 14,407, 18K gold at Rs 11,956, and silver (999) at Rs 242,295 per kilogram. These figures represent an increase from the previous day's closing rates.