Silver Prices Surge 0.81% in India Amid Easing Geopolitical Tensions

On 12 June 2026, the price of 1 gm of silver was ₹243, and the price of 1 kg of silver was ₹242,970, reflecting a gain of 0.81% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,430. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver prices rebounded sharply from multi-month lows in the previous session, gaining over 6% to settle at $67.3 per troy ounce, respectively, after the US President Donald Trump cancelled planned military strikes on Iran, easing geopolitical tensions. ALSO READ Silver Rate Today 11th June 2026: Silver is down by 0.76%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad A weaker US dollar, which retreated from a two-month high of 100.3 to 99.6, also supported bullion prices. On the economic front, U.S. headline PPI rose 6.5% YoY in May, above the 6.4% forecast, while core PPI eased to 4.9% YoY against expectations of 5.4%. Despite mixed data, markets continue to price a 60% chance of a Fed rate hike in December 2026. Today, silver surged sharply amid inflation concerns and tightening policy expectations and the ECB’s rate hike, though a softer dollar and lingering geopolitical risks may limit downside ahead of the University of Michigan consumer sentiment and inflation expectations. ALSO READ Gold plunges 28% from peak: Is it a ‘buy-the-dip’ signal? Experts chart out medium-term strategy