Gold’s Record Run! Is ₹1 Lakh the Next Stop? Silver Rises Too
Updated: June 12, 2025 11:40
Image Source: Greater Kashmir
Gold and silver prices saw an uptick on June 12, 2025, tracking global trends and a weaker dollar. On the Multi Commodity Exchange (MCX), gold futures rose 1.28% to ₹97,981 per 10 grams, while silver gained 0.7% to ₹1,06,135 per kilogram.
CityWise Gold Prices (per gram)
Mumbai: ₹9,928 (24K), ₹9,100 (22K)
Delhi: ₹9,943 (24K), ₹9,115 (22K)
Chennai: ₹9,928 (24K), ₹9,100 (22K)
Kolkata: ₹9,928 (24K), ₹9,100 (22K)
Bengaluru: ₹9,928 (24K), ₹9,100 (22K)
Silver Prices Across Major Cities
Mumbai: ₹1,06,840/kg
Delhi: ₹1,06,540/kg
Kolkata: ₹1,06,580/kg
Bengaluru: ₹1,06,810/kg
Hyderabad: ₹1,06,750/kg
Chennai: ₹1,06,900/kg
The rise in gold prices comes amid geopolitical tensions in the Middle East and expectations of Federal Reserve rate cuts, boosting demand for safehaven assets. Analysts predict gold may soon test the $3,400 resistance level, while silver remains strong above ₹1 lakh/kg.