12 march: Fuel and Gold Prices on 2026
Fuel Prices on 12 March 2026
On 12 March 2026, the price of Brent crude oil surged to approximately $98.84 per barrel, reflecting ongoing volatility in the global oil market. In Delhi, petrol prices remained stable at ₹94.77 per litre, while diesel prices held steady at ₹87.67 per litre. The price of compressed natural gas (CNG) in the capital also remained unchanged at ₹77.09 per kg.
Domestic liquefied petroleum gas (LPG) prices saw a notable increase, rising by ₹60 to reach ₹913.00 per cylinder on 7 March 2026. This rise in LPG prices comes amid a backdrop of geopolitical tensions affecting crude production and exports, particularly due to the ongoing war in the Middle East.
Gold and Silver Prices on 12 March 2026
In the precious metals market, the price of 24-carat gold in India was recorded at ₹1,61,940 per 10 grams, while 22-carat gold was priced at ₹1,48,445 per 10 grams. Silver prices also saw a significant valuation, standing at ₹2,67,510 per kg.
The surge in gold prices has been remarkable, with an increase of more than 75% over the past year alone. Historically, gold has delivered a compounded annual return of 15.6% over the last two decades, making it a favored asset during times of economic uncertainty.
Market Context and Future Outlook
On 11 March, member countries of the International Energy Agency (IEA) agreed to release 400 million barrels of oil from emergency reserves to stabilize the market. Current global inventories of crude and products are assessed at over 8.2 billion barrels, indicating a significant buffer in response to market fluctuations.
As the situation continues to evolve, observers are closely monitoring how these price trends will impact consumer behavior and the broader economy. Details remain unconfirmed regarding potential future adjustments in fuel and gold prices as the geopolitical landscape develops.
