US EditionGold Price Today: MCX Gold Rate Jumps Above ₹1 Lakh per 10 Grams on Israel-Iran Conflict; Crude Oil Prices up 6%
- On Friday, MCX gold prices surged past ₹1 lakh per 10 grams in India amid escalating Israel-Iran conflict increasing safe-haven demand for gold.
- The rise followed Israel's targeted airstrikes on Iran's nuclear and military sites, which heightened geopolitical tensions in the Middle East.
- Gold futures on MCX opened higher by ₹1,108 at ₹99,500 and spiked to ₹100,403, while silver prices also gained, reflecting increased global bullion prices.
- US gold futures rose 1.4% to $3,449.60 and spot gold hit $3,428.28 an ounce, with experts like Jigar Trivedi expecting further gains amid rising risk-off sentiment.
- The surge implies strong safe-haven buying amid Middle East instability and a weakening rupee, suggesting continued upward pressure on precious metal prices.
Insights by Ground AI
Does this summary seem wrong?
59 Articles
59 Articles
All
Left
1
Center
2
Right
7
Gold Price Today: See how much it will cost you if you buy gold today.
·India
Read Full Article
Silver and platinum also strengthen after Israel's strike on Iran
Gold breaches Rs 1 lakh mark on MCX to hit all-time high, on Israel attack on Iran and weaker rupee - The Tribune
Gold prices in India breached the Rs 1 lakh per 10-gram mark to reach at an all-time high level on Friday, boosted by the weakness in the domestic currency, and rising safe-haven demand as Israel launched an airstrike on Iran.
·Chandigarh, India
Read Full Article
Coverage Details
Total News Sources59
Leaning Left1Leaning Right7Center2Last UpdatedBias Distribution70% Right
Bias Distribution
- 70% of the sources lean Right
70% Right
C 20%
R 70%
Factuality
To view factuality data please Upgrade to Premium
