Gold Rates & Silver Rates Today (12-05-2026) Live: MCX Gold Erase Rs 1.54 Lakh, Silver Crashes By Rs 4,300

Gold rates and silver rates in India erased their early gains and traded in the red on May 12 as uncertainties in the Middle East heightened. MCX gold price, which traded above the Rs 1.54 lakh mark, is now trading around Rs 1,53,200 per 10 grams. Also, MCX silver, which outperformed with nearly a 1.2% surge to the Rs 2.82 lakh mark, is now trading lower by 1.5% to around Rs 2.74 lakh. The prolonged shutdown of the Strait of Hormuz has driven oil prices higher, with US WTI Crude trading near the 100 mark and Brent Crude soaring above the 105 mark.

On the other hand, spot gold is trading mildly lower to near $4,730 per ounce, while spot silver is marginally up to above 86 per ounce.

Bullion also came under pressure from a rebounding dollar. President Donald Trump said the US-Iran ceasefire was on "massive life support" after rejecting Tehran's latest peace proposal, intensifying fears that the critical shipping route could remain effectively blocked for a prolonged period. Reports further suggested that President Trump is expected to meet with his national security team to consider a potential restart of military operations, while also revisiting plans to escort commercial ships through Hormuz. At the same time, investors awaited the latest US consumer inflation data for clues on how the Iran conflict has affected price pressures, as per Trading Economics.

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May 12, 2026, 2:58 pm IST

Forex Market Live Updates: US Dollar Above 98

The dollar index moved back above 98 on Tuesday as President Trump cast doubt on the sustainability of US-Iran ceasefire after he rejected Tehran’s latest peace offer, boosting safe-haven demand for the greenback. Reports also suggested that Trump is expected to meet with his national security team to consider a potential resumption of military operations, while revisiting plans to escort commercial vessels through the Strait of Hormuz, as per Trading Economics.

May 12, 2026, 12:32 pm IST

Gold Rates & Silver Rates Today Live Updates: MCX Gold & Silver Erase Gains

Precious metals erase their early gains. MCX gold pulled away from Rs 1.54 lakh mark and traded at Rs 1,53,200 per 10 grams, which is down by Rs 463 or 0.30%. , MCX silver crashed heavily by Rs 4,252 or 1.53% to trade around Rs 2,74,059 per 1Kg.

May 12, 2026, 12:30 pm IST

Gold, Silver Rates Today Live Updates: What Is Impacting Gold & Silver Rates Today?

Gold prices experienced a slight uptick today, trading at approximately ₹1,45,113 per 10 grams (25.20/oz), as investors navigated the complex landscape of U.S.-Iran relations while awaiting key inflation data from the U.S. Silver also saw a rise, priced at around ₹2,65,875 per kg (.58/oz), reflecting ongoing safe-haven demand amid geopolitical tensions. Crude oil prices climbed to ₹9,451 per barrel (.94/bbl), driven by concerns over inflation and the potential for prolonged high interest rates, which have historically impacted precious metals. The recent volatility in gold and silver markets can be attributed to a mix of geopolitical risks and technical trading patterns, with investors balancing these factors against expectations of forthcoming economic data: Gaurav Garg, research analyst at Lemonn markets desk.

May 12, 2026, 10:08 am IST

Silver Rates Today Live Updates: MCX Silver Outperforms Gold Today

MCX silver outperformed gold in the early trade of May 12. At the time of writing, MCX silver traded higher by Rs 3,322 or 1.19% to Rs 2,81,633 per 1Kg. Silver is near its intraday high of Rs 2,82,755 per 1Kg.

May 12, 2026, 10:06 am IST

Gold Rates Today Live Updates: MCX Gold Gains

MCX gold price traded higher by Rs 386 or 0.25% to trade at Rs 1,54,049 per 10 grams. The bullion is near its intraday high of Rs 1,54,243 per 10 grams.

May 12, 2026, 10:04 am IST

Commodity Market Live Updates: Crude Oil Prices Jump

Crude oil prices are trading higher on May 12. US WTI Crude Oil Price is up by 1% to trade near 99 per barrel and Brent Crude gained by 1% to near 105 per barrel. As per Trading Economics, the surge came after President Donald Trump said the US-Iran ceasefire was on “massive life support” after dismissing Tehran’s latest peace proposal, fueling concerns that the Strait of Hormuz may stay effectively closed for an extended period.

May 12, 2026, 10:02 am IST

Silver Rates Today Live Updates: Spot Silver Near 86

Silver eased toward an ounce on Tuesday, reversing gains from earlier in the session as elevated geopolitical uncertainty in the Middle East and the prolonged disruption of the Strait of Hormuz kept oil prices higher and sustained inflation concerns, as per Trading Economics.

May 12, 2026, 10:01 am IST

Gold Rates Today Live Updates: Spot Gold Falls Mildy

Spot Gold fell toward ,730 an ounce on Tuesday, reversing gains from earlier in the session as heightened uncertainty in the Middle East and the prolonged shutdown of the Strait of Hormuz pushed oil prices higher and kept inflationary risk in focus. Bullion also came under pressure from a rebounding dollar. President Donald Trump said the US-Iran ceasefire was on “massive life support” after rejecting Tehran’s latest peace proposal, intensifying fears that the critical shipping route could remain effectively blocked for a prolonged period.