Gold Rate Hike Today: Gold and silver prices in India have started surging again. Today, Friday, June 12, prices rose sharply on the Multi Commodity Exchange (MCX). Silver has become costlier by approximately ₹10,000 per kilogram. Looking at the data, the price of silver on the MCX was recorded at ₹2,40,500 per kilogram at the close of trading on the night of June 11; however, it opened at ₹2,43,494 at 9:05 AM on June 12 following a surge. Currently, the price of silver for July 2026 delivery on the MCX has risen by ₹5,167 to reach ₹2,44,817 per kilogram.
Meanwhile, according to the Indian Bullion and Jewellers Association (IBJA), gold and silver prices trended upward on the final trading day of the week. The price of 24-carat gold has increased by approximately ₹3,000 today, while silver has become costlier by ₹9,704 per kilogram. Let us take a look at the latest gold prices:
How much has gold appreciated on the MCX?
As of the time of writing this report on Friday, gold for August 2026 delivery on the MCX is trading at ₹1,49,698 per 10 grams, marking a rise of ₹300 over the previous closing price.
According to the IBJA, the price of 24-carat gold has risen by ₹3,000 today to reach ₹1,47,609 per 10 grams.
23 Carat Gold
According to the IBJA, the price of 23-Carat Gold has risen by ₹2,816 today to reach ₹1,47,018 per 10 grams.
According to the IBJA, the price of 22-carat gold has risen by ₹2,590 today, reaching ₹1,35,210 per 10 grams.
According to the IBJA, the price of 18-carat gold has risen by ₹2,120 today, reaching ₹1,10,707 per 10 grams.
14 Carat Gold
According to the IBJA, the price of 14-carat gold has risen by ₹1,654 today, reaching ₹86,351 per 10 grams.
The gold and silver rates released by the IBJA do not include GST. When purchasing gold jewellery, 3% GST and separate making charges are added, increasing the final price of the jewellery.
