Silver Rate, June 12: Price climbs mirroring global bullion market, check price of 1 kg 999 silver

After prices remain unchanged yesterday, silver prices in the Indian retail market in tandem with the international bullion market gained by ₹10,000 per kg today (June 12, 2026). According to Goodreturns.in at around 11:05 am, the precious white metal quoted at ₹2,60,000 per kg today.

On the India Bullion and Jewellers Association (IBJA) website, silver 999 quoted at ₹2,32,591 per kg in the evening session of the previous day.

Factors influencing silver rate today

In the wake of the ongoing US-Iran crisis, silver prices after hitting a record high earlier this year has erased a substantial over 44% of its value internationally.

However, as expectations of an end to the war resurfaced, gold and silver prices gained sheen today.

On the MCX, silver July futures rose nearly 1% or ₹2,327 at ₹2,41,980 per kg even as the US silver futures were sharply up over 4% at $66.815 per ounce.

The sharp gains came after the US President walked back his threat of striking Iran 'hard', amid progress in peace negotiations between the US and Iran.

Adding, Trump said “discussions and final points” have been “approved by all parties involved”. Also, he signalled that the deal could be signed as early as this weekend. Nonetheless, Iran's foreign ministry reportedly said, “nothing has been finalised”.

So, fresh signals of a truce eased sentiment around rising inflation and higher interest rate, also resulting in softening of the crude oil price.

Going ahead, silver price shall be determined based on factors, including interest rate expectations, dollar index movement as well as traction in industrial demand.