Gold futures on MCX surged to a record pacing ₹100,403 per 10 g on June 13, up ₹2,011) as investors sought safe havens amidst escalating Israel‑Iran conflict . 226-0In international markets, spot gold hit nearly two-month highs at $3,427/oz, climbing about 1.3% following Israel’s strike on Iran’s nuclear facilitates.
Middle East flare-up, especially Israel’s pre‑emptive strike, prompts volatility and safe‑haven flows into gold.2.628-Weaker USD expectations – Cooling U.S. labor and inflation data boosted hopes for an earlier Fed rate cut in September, weakening the dollar and supporting gold .818-0Energy-linked inflation – Crude surged (Brent up ~10–13%), stoking inflation fears and further boosting gold .
The appeal of the yellow metal as a safe haven asset came to the fore on Friday as The appeal of the yellow metal as a safe haven asset came to the fore on Friday as gold prices on MCX crossed the Rs 1,00,000 mark. This is the fastest rally ever by gold covering Rs 10,000/10 gm in just 74 days to reach Rs 1,00,000 today.
Rising tensions in the Middle East and highly volatile global markets have contributed to the rally in gold prices. Lower than expected US inflation data raised interest rate cut hopes which led to a rise in gold metal prices.
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Rising tensions in the Middle East and highly volatile global markets have contributed to the rally in gold prices. Lower than expected US inflation data raised interest rate cut hopes which led to a rise in gold metal prices.
