Editor’s Note
**Editor’s Note:** Gold and silver prices surged in the Indian market today, driven by escalating Iran-US tensions. In Delhi, gold hit 1,48,500 rupees per 10 grams.
Gold and silver prices surged sharply in the Indian bullion market today, July 12, 2026, amid escalating tensions between Iran and the United States. In Delhi, gold prices rose to 1,48,500 rupees per 10 grams.
The direct impact of rising tensions between Iran and the US in international markets is now clearly visible on the Indian bullion market. Amid this tense environment, gold and silver prices recorded a significant surge in domestic markets today. The continuously rising prices of gold and silver in Delhi’s bullion market have greatly increased concerns among ordinary customers. With metal prices rising before the festive season, those planning to buy jewelry will now have to loosen their purse strings more.
Market analysts believe that this volatility may continue due to the weakness of the US dollar and geopolitical crisis. On the MCX, gold and silver futures also saw significant gains due to heavy investor interest. Those planning to invest or buy jewelry for weddings at this time should check the latest rates. Therefore, we are providing you with accurate and up-to-date information on gold and silver rates in different cities across the country.
According to the Indian Bullion and Jewelers Association, the price of 24-carat gold was 1,43,368 rupees per 10 grams at market close. Meanwhile, in Delhi’s bullion market, gold prices rose to a high of 1,48,500 rupees per 10 grams. On the Multi Commodity Exchange, 24-carat gold futures were recorded at 1,43,480 rupees per 10 grams. Additionally, according to Goodreturns, the price of 24-carat gold stood at 1,44,330 rupees per 10 grams.
Along with gold, silver prices also saw significant changes, with prices in Delhi rising by 5,000 rupees to 2,37,000 rupees per kilogram. On the MCX, silver futures reached 2,22,680 rupees per kilogram, which is big news for investors. According to the Indian Bullion and Jewelers Association, 1 kg of silver was priced at 2,20,390 rupees at market close on Friday. Meanwhile, according to Goodreturns, silver is at 2,35,000 rupees per kilogram, so customers should check the correct rate before purchasing.
Due to local taxes, there is a slight difference in 24-carat gold prices across major cities in the country. In the capital Delhi, the price of 24-carat gold is 1,44,480 rupees per 10 grams, while in the financial capital Mumbai it is 1,44,330 rupees. In Chennai, the price is 1,45,090 rupees, in Patna 1,44,380 rupees, and in Lucknow, the capital of Uttar Pradesh, it is 1,44,480 rupees per 10 grams. In Kolkata, the rate for 10 grams of gold is recorded at 1,44,330 rupees.
According to Saumil Gandhi, Senior Analyst at HDFC Securities, a weak US dollar and buying at lower prices supported trading sentiment. Others say that due to diplomatic efforts between the US and Iran, spot gold prices are stable. Investors are now eagerly awaiting new US consumer price index data for signals about the Federal Reserve’s interest rates. Only after this data is released will the market’s next direction be fully determined.