Gold Silver Rate Today in India: MCX Silver Surges, Gold Trades Near ₹1.62 Lakh
Gold and silver prices in India showed mixed movement on 12 March 2026, with silver recording strong gains while gold traded slightly lower during the trading session. The movement in bullion prices comes amid volatility in global markets and ongoing geopolitical tensions that are influencing investor sentiment.
According to market updates, gold on the Multi Commodity Exchange (MCX) was trading around ₹1,61,690 per 10 grams, slightly down by ₹99 from the previous close. Meanwhile, silver jumped sharply by more than ₹4,000 to around ₹2,72,501 per kilogram, reflecting strong buying interest in the white metal.
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MCX Gold and Silver Prices Today
Latest trading data indicates the following prices in the domestic futures market:
• Gold (MCX) – ₹1,61,690 per 10 grams
• Previous Close – ₹1,61,789
• Silver (MCX) – ₹2,72,501 per kg
• Previous Close – ₹2,68,491
Silver recorded a strong rise of nearly 1.5% during the session, while gold remained largely stable with marginal fluctuations.
Earlier during the trading day, silver had surged even higher to around ₹2,74,250 per kg, indicating strong intraday volatility in the bullion market.
Global Market Impact on Bullion Prices
The movement in precious metals is largely influenced by global economic developments. International bullion markets have remained volatile due to rising oil prices, currency fluctuations, and geopolitical tensions in the Middle East.
Spot gold was trading slightly lower in international markets, while silver prices hovered near $85 per ounce, reflecting cautious investor sentiment.
Experts say that during times of geopolitical uncertainty, investors often turn to precious metals such as gold and silver as safe-haven assets.
Why Silver Prices Are Rising
Several factors are supporting the recent surge in silver prices:
• Increased industrial demand
• Safe-haven buying during geopolitical tensions
• Currency fluctuations between the US dollar and Indian rupee
• Strong investor demand in commodity markets
Analysts believe silver could continue to remain volatile in the coming sessions depending on global economic data and commodity market trends.
City-Wise Silver Price in India
In the retail bullion market, silver prices in India are hovering around ₹280 per gram and about ₹2,80,000 per kilogram, though rates may vary slightly depending on local taxes and demand.
Major cities generally report similar price ranges, with small differences due to logistics and local demand.
Market Outlook for Gold and Silver
Market experts believe bullion prices may remain volatile in the short term as investors closely track global economic signals, inflation trends, and central bank policies. Analysts are also watching whether silver can move towards the ₹3 lakh per kg mark in the near future if strong demand continues.
Conclusion
Gold prices are currently trading near ₹1.62 lakh per 10 grams, while silver has shown strong momentum above ₹2.70 lakh per kilogram in the MCX market. With global uncertainty and rising commodity demand, bullion prices are expected to remain highly dynamic in the coming days.
Investors and buyers are advised to keep track of daily market movements before making any major investment decisions.
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