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Zerodha Pulse • Jun 12, 2026 09:30 AM • Impact Score: 8.0/10 • Severity: HIGH

Silver soars nearly Rs 10,000 in 2 days, gold prices extend gains on Iran peace deal optimism. Big rally brewing?

Gold and silver prices extended gains for a second straight session on MCX on Friday, with silver rising 2% and gold gaining Rs 649, as falling crude prices and hopes of a US-Iran peace deal lifted sentiment. Silver has climbed 4% in two days. President Donald Trump said a deal with Iran could be reached as early as this weekend.

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