12 march: Fuel and Gold Prices on 2026

Fuel Prices on 12 March 2026

On 12 March 2026, the price of Brent crude oil increased to approximately $98.84 per barrel. Despite this rise in crude oil prices, petrol and diesel prices in Delhi remained unchanged at ₹94.77 per litre and ₹87.67 per litre, respectively. The price of CNG in Delhi also held steady at ₹77.09 per kg.

Domestic LPG prices saw a notable increase earlier in the month, rising by ₹60 to reach ₹913.00 per cylinder on 7 March 2026. This adjustment reflects ongoing pressures in the energy market.

Gold and Silver Prices

In the precious metals market, the price of 24-carat gold in India was reported at ₹1,61,940 per 10 grams, while 22-carat gold was priced at ₹1,48,445 per 10 grams on the same day. Silver prices also saw a significant valuation at ₹2,67,510 per kg.

Gold prices have surged more than 75% over the past year, driven by various economic factors, including market instability and inflation concerns. Historically, gold has delivered a compounded annual return of 15.6% over the past two decades, making it a favored investment during uncertain times.

The global oil market is currently experiencing disruptions largely due to the ongoing war in the Middle East, which has affected crude production and exports. In response to these challenges, IEA member countries agreed on 11 March to release 400 million barrels of oil from emergency reserves to stabilize the market.

As of now, global observed inventories of crude and products are assessed at more than 8.2 billion barrels. Observers are closely monitoring the situation as it develops, particularly in light of the geopolitical tensions that continue to influence energy prices.