The MCX silver price in India advanced by 1.5% to ₹2,82,463 per kilogram on May 12, 2026. This rise was influenced by escalating tensions in the Hormuz Strait and a weakening US dollar ahead of the release of US inflation data. Concurrently, MCX gold prices also saw a modest increase of 0.3%, reaching ₹1,54,150 per 10 grams. These movements reflect the sensitivity of precious metals to geopolitical events and currency fluctuations, which are closely monitored by Indian investors and traders in the commodities market. MCX silver rate advanced 1.5% to ₹2,82,463 per kg, while MCX gold price advanced 0.3% to ₹1,54,150/10 grams.