rows of rendered silver bars and one goldbar | Photo Credit: wydynd
Gold prices rebounded by ₹3,000 to ₹1.56 lakh per 10 grams in the national capital on Friday, and silver advanced by ₹10,000 to ₹2.55 lakh per kilogram as signs of a diplomatic breakthrough in the US-Iran standoff rekindled interest in the precious metals.
According to local marketmen, the yellow metal of 99.9 per cent purity climbed by Rs 3,000 to Rs 1,56,900 per 10 grams (inclusive of all taxes) from Thursday’s closing level of ₹1,53,900 per 10 grams.
Silver also recovered sharply, surging ₹10,000 to ₹2,55,700 per kilogram (inclusive of all taxes). The white metal had settled at Rs 2,45,700 per kg in the previous session.
“Gold prices rebounded sharply on Friday as growing optimism surrounding a potential US-Iran peace agreement improved sentiment across the precious metals market,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
Investor confidence strengthened after US President Donald Trump announced that planned military strikes against Iran had been cancelled, with reports of progress in negotiations further aiding the recovery, he added.
In the international markets, spot gold is trading marginally lower at USD 4,206.88 per ounce while silver also slipped 0.48 per cent to $67.02 per ounce, holding on to most of its recent gains despite some profit-taking.
Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said markets welcomed Trump’s remarks that a deal was nearing completion, though several uncertainties remained.
“There are lots of questions and gaps, but markets are jubilant. Consequently, the US dollar index and Treasury yields are down as oil slumped, sending gold and risk assets higher,” he said.
According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, investors will continue to track geopolitical developments, with the progress of negotiations likely to dictate the near-term direction of bullion prices.
Published on June 12, 2026