New Delhi/Patna: Gold and silver prices moved higher on June 15, reversing recent declines as investors returned to precious metals following developments in international markets.
According to data released by the India Bullion and Jewellers Association (IBJA), the price of silver rose by Rs 8,429 per kilogram to reach Rs 2.51 lakh. The metal had closed at Rs 2.43 lakh per kilogram in the previous session.
Gold also registered gains, with the price of 24-carat gold increasing by Rs 2,369 per 10 grams to reach Rs 1.50 lakh.
Global Developments Boost Bullion Demand
Market observers attributed the rise in bullion prices to renewed diplomatic engagement between the United States and Iran.
The resumption of peace talks between the two countries contributed to a decline in crude oil prices, easing concerns about inflationary pressures in global markets.
At the same time, the US dollar weakened, making gold and silver more attractive to investors seeking alternative stores of value.
The combination of lower oil prices and a softer dollar encouraged fresh buying in precious metals, helping push prices higher.
Volatile Year For Precious Metals
Gold and silver have experienced significant fluctuations throughout 2026, with both metals recording sharp gains as well as periods of correction.
Despite recent volatility, both remain substantially higher than their levels at the end of last year.
According to IBJA figures, the price of 10 grams of gold stood at Rs 1.33 lakh on December 31, 2025. With the latest increase, gold has gained approximately Rs 17,000 so far this year.
Silver has followed a similar trajectory. The metal was priced at Rs 2.30 lakh per kilogram at the end of 2025 and has since climbed to Rs 2.51 lakh per kilogram, representing a gain of around Rs 21,000.
Investors Watch Global Signals
Analysts said bullion markets are likely to remain sensitive to international developments, including geopolitical events, inflation trends, currency movements and central bank policies.
While gold and silver continue to attract investors during periods of uncertainty, recent price movements highlight the influence of global economic and diplomatic developments on precious metal markets.
Market participants are expected to closely monitor further developments in the Middle East and broader global financial conditions for cues on the future direction of bullion prices.
