Gold rate today: Gold prices cross Rs 1 lakh mark; where are they headed?

Gold complaint today: Gold August futures connected the MCX surged Rs 2,011 oregon 2.04% higher, surpassing Rs 1 lakh to scope Rs 1,00,403 per 10 grams connected Friday, driven by safe-haven purchases owed to Israel-Iran conflicts and a weakening dollar index.Silver July futures demonstrated affirmative movement, commencing trading astatine Rs 1,06,695 per kg, reflecting an summation of Rs 810 oregon 0.76%.The erstwhile time witnessed affirmative closures for some precious metals successful home and planetary markets. Gold August futures concluded astatine Rs 98,392 per 10 grams with a 1.75% gain, whilst metallic July futures finished astatine Rs 1,05,885 per kg, expanding by 0.47%.

Why are golden & metallic prices rising?

Gold and metallic prices accrued further arsenic Middle East tensions betwixt Israel and Iran intensified.

International golden prices exceeded $3,400 per troy ounce owed to safe-haven demand. Indian golden futures achieved an unprecedented milestone, exceeding Rs 1 lakh per 10 grams, according to an ET report.The declining dollar scale supported precious metallic prices. The US Dollar Index, DXY, registered astatine 98.23, showing a alteration of 0.31 oregon 0.32%.The intensifying concern successful the Middle East has raised apprehensions regarding imaginable interruptions to planetary lipid distribution, peculiarly affecting important pathways specified arsenic the Strait of Hormuz.

Also Check | Gold terms prediction today: What's the golden complaint outlook for June 13, 2025 aft Israel strikes Iran - should you bargain oregon sell?The Israeli medication verified successful the aboriginal hours of Friday that it conducted aerial attacks connected Iran, with detonations noted successful Tehran. These subject actions were conducted arsenic portion of Israel's systematic operations to weaken Iran's atomic facilities and rocket improvement programmes.The United States Producer Price Index and Core PPI figures disclosed connected Thursday suggest decreasing ostentation rates successful the US, perchance allowing the Federal Reserve to see involvement complaint reductions.

Additionally, US unemployment claims accrued to 248,000, which positively influenced precious metallic valuations."Gold prices deed 6-week highs and prices sustaining supra $3,400 could amusement further spot successful the upcoming session," said Manoj Kumar Jain of Prithvifinmart Commodity Research."We expect golden and metallic prices to stay volatile successful today's league amid volatility successful the dollar scale and geo-political tensions; golden prices could clasp its cardinal enactment level of $3,330 per troy ounce and metallic prices could besides clasp $35.00 per troy ounce levels connected a play closing basis," helium told ET.Renisha Chainani, Head of Research astatine Augmont, stated that "unless determination is simply a abrupt displacement successful planetary hazard sentiment oregon assertive monetary tightening, golden volition apt stay firm, perchance heading towards Rs 1,05,000 successful the mean term."According to Manav Modi, Senior Analyst astatine Motilal Oswal Financial Services, golden has demonstrated singular growth, surging implicit 30% since the year's beginning, contempt notable terms variations.Also Read | Gold vs Silver: Why metallic whitethorn outperform golden soon; precious metallic prices surge, record-breaking rally likelyThe terms fluctuations are attributed to respective factors, including President Trump's tariff modifications, planetary governmental tensions, and worldwide economical maturation concerns. Despite the accommodation successful US-China tariffs, persistent marketplace uncertainty and underwhelming US economical indicators proceed to bolster golden valuations.In his semipermanent assessment, Modi identifies important enactment levels betwixt Rs 88,000-90,000 per 10 grams and advocates purchasing during terms declines. His forecast suggests golden prices could beforehand to Rs 1,00,000-1,06,000 implicit the adjacent 12-15 months, provided important enactment levels clasp steady.