Gold Rate Today, June 12, 2026: Gold Prices Fall on Friday as Iran Deal Hopes Ease Safe-Haven Demand; 10 gram 24K of Precious Metal Drops ₹2,130

Mumbai, June 12: Gold prices in India declined on Friday, June 12, as hopes of a diplomatic resolution to the Iran-Israel-US conflict — even if still unconfirmed — dampened safe-haven demand for the precious metal, pushing rates lower across all purities compared to the previous session. The national rate for 10 grams of 24 karat gold (99.9% purity) stood at ₹1,45,630, down ₹2,130 from Wednesday’s rate of ₹1,47,760. The 10-gram rate for 22 karat gold (91.6% purity) was ₹1,33,490, a decline of ₹1,950 from the prior session’s ₹1,35,440, while 18 karat gold (75% purity) fell ₹1,600 to trade at ₹1,09,220 per 10 grams, compared to ₹1,10,820 on Wednesday. 

The pullback in domestic gold prices mirrors a broader global trend, as easing geopolitical risk premium following US President Donald Trump’s announcement that military strikes against Iran had been called off triggered a sell-off in safe-haven assets including gold, even as Iran clarified that no final deal had been concluded. Spot gold had been trading under pressure internationally on Friday morning, with investors rotating out of defensive positions and into risk assets such as equities, which surged across Asian and European markets in early trade.  

Check list of Gold ETFs in India 

Gold’s role as an inflation hedge and geopolitical insurance remains intact over the longer term, but in the near term, any de-escalation in West Asia — real or perceived — tends to weigh on the metal’s price as the risk premium embedded in its valuation begins to unwind. Buyers who have been waiting on the sidelines may find the current dip an opportunity, though the sustainability of the price decline depends heavily on whether the Iran-US diplomatic process delivers a binding agreement in the coming days or stalls once again. 

Gold Rates Across Major Indian Cities (10 grams) 

Gold prices vary across Indian cities due to differences in local taxes, transportation costs, and state levies. Among the major metros, Chennai commands the highest rates, with 10 grams of 24 karat gold priced at ₹1,47,270 — a premium of ₹1,640 over the national base rate — while 22 karat gold in the southern capital stands at ₹1,34,990 and 18 karat at ₹1,13,090 per 10 grams. Delhi comes in just above the national average, with 24 karat gold at ₹1,45,780, 22 karat at ₹1,33,640, and 18 karat at ₹1,09,370 per 10 grams, reflecting a marginal premium linked to state-level levies in the National Capital Region. In Ahmedabad and Vadodara, both cities in Gujarat, the 10-gram rate for 24 karat gold is ₹1,45,680 — marginally above the Mumbai base — while 22 karat stands at ₹1,33,540 and 18 karat at ₹1,09,270 in both cities. 

Also Read: How to Invest in Gold for Beginners: Simple Start Guide 

Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, and Pune all trade at the national base rate, with 10 grams of 24 karat gold uniformly priced at ₹1,45,630, 22 karat at ₹1,33,490, and 18 karat at ₹1,09,220 across all six cities — a reflection of their alignment with the benchmark rate set by the India Bullion and Jewellers Association. The uniformity across these major commercial centres underscores how closely domestic gold pricing in metropolitan India tracks the national reference rate, with meaningful variations arising only in cities where local tax structures or logistical factors create a persistent premium, as is the case in Chennai. Buyers across any of these six cities will find consistent pricing, making cross-city comparisons straightforward and limiting the scope for arbitrage at the consumer level. All rates are sourced from goodreturns.in and are indicative; actual transaction prices may vary depending on jeweller, making charges, GST at 3%, and any applicable TCS. 

10 gm Gold Rates in Major Indian Cities — June 12, 2026

Source: goodreturns.in 

Oil Prices 

Crude oil prices fell on Friday, extending losses from the previous session after US President Donald Trump cancelled plans to strike Iran, reducing fears of a supply disruption through the Strait of Hormuz following tit-for-tat attacks between the two sides earlier in the week. Brent futures declined $1.21 or 1.3% to $89.17 a barrel, while US West Texas Intermediate crude fell $1.23 or 1.4% to $86.48; on a weekly basis, Brent was 4.2% lower and WTI was down 4.4%, reflecting a significant unwinding of the geopolitical risk premium that had been built into energy prices.