New Delhi: Gold and silver prices witnessed a strong rise on April 12, 2026, as the US-Iran ceasefire and the ongoing peace talks in Islamabad calmed down global geopolitical tensions to some extent. 24 carat gold prices rose by around Rs 490 per 10 grams in the Indian retail market, while silver prices remained steady at recent highs. Fall in crude oil prices and weakening of the US dollar stabilized the positive trend in the metal markets.
What are the new prices of gold and silver?
The price of 24 carat gold in India on April 12, 2026 was around Rs 15,284 per gram i.e. Rs 1,52,840 per 10 grams, which is showing an increase of Rs 490 as compared to the previous day. The price of 22 carat gold stood at Rs 14,010 per gram and Rs 1,40,100 per 10 grams. At the same time, the price of 18 carat gold was Rs 11,463 per gram and Rs 1,14,630 per 10 grams.
There was also no major change in silver prices, and it remained stable at Rs 2,60,000 per kg. Silver prices in some cities like Chennai, Hyderabad and Kerala were at Rs 2,65,000 per kg due to local demand and high consumption by industries.
What is the Difference in gold prices in different cities in India?
There is slight variation in gold prices across various major cities of India, which is mainly due to local demand and logistics reasons. The price of 24 carat gold in Delhi and Jaipur is Rs 1,52,990 per 10 grams, while Chennai is trading a Rs1,53,820. In other cities like Mumbai, Bengaluru, Hyderabad, Kolkata and Pune it is around Rs1,52,840.
Have the ceasefire and peace talks been having any effect?
The rise and stability of gold and silver prices is also reflecting the impact of the US-Iran ceasefire and Islamabad peace talks. The ceasefire led to a decline of more than 15% in crude oil prices, which slightly eased global inflation concerns and increased the market’s inclination towards safe haven investments.
During ongoing peace talks in Islamabad, Iran has presented a 10-point proposal, which has brought some stability to the global market, although the movement of oil tankers is still limited. This situation is maintaining a “risk premium” in global metals markets.
What is the Silver situation and its impact on the global market?
There has also been an improvement in the prices of silver, although it has increased less than gold. The international price of silver ended the week at around 76.26 dollar an ounce, with a weekly increase of between 1.6% and 2%. The main reasons for the rise in silver prices are the fall in crude oil prices and reduction in global inflation pressure.
What are gold and silver investment options?
Currently, Indian investors are also turning to some alternative investment options for gold and silver, such as gold ETFs and Sovereign Gold Bonds (SGBs), so that they can avoid high creation charges. At the same time, some investors are still preferring to buy gold and silver in physical form through traditional methods.
