Gold prices have jumped due to increased conflict between Iran and Israel. On June 13, due to increasing demand in the country, the price of gold in futures trading crossed the mark of Rs 1 lakh. In August, the price of delivery in the Multi Commodity Exchange (MCX) rose by Rs 2,011 or 2.04 percent to a record level of 1,00,403 per 10 grams. The US central bank Federal Reserve also contributed to this boom by the Federal Reserve expected to cut interest rates and the decline in dollar index. However, it later settled at 1,00,314 per 10 grams.
Earlier, gold futures increased by Rs 2,048 to Rs 1,00,000 per 10 grams on 22 April 2025. Analysts believe that investors are increasing investment in gold, which are considered safe assets due to weakening money and increasing stress in West Asia. Whenever Bhurajnical stress increases, the stock markets and currency are afraid of decline. Due to this, investors start looking for safe assets, such as gold. Increased tension in Israeli-Iran has increased concerns about the obstruction of global oil supply, especially through important routes such as the Strait of Hormuz.
Israel attacked on 13 June, then Iran responded
Israel started ‘Operation Rising Lion’ on Friday, 13 June to attack Iran’s atomic, missile and military complex. Several Iran’s major military commanders and nuclear scientists were killed in this attack. Israeli Prime Minister Benjamin Netanyahu has described the attack as a very successful initial attack. Also, we are going to achieve many more achievements. After this, Iran started retaliation on Israel on Saturday night.
Iran has so far fired 200 ballistic missiles on Israel. Most missiles were destroyed by Israeli’s air defense system. However, some missiles penetrated the air defense system and entered inside and there was loss of loss and loss at the residential areas of Tel Aviv, Ramat Gun and Central Israel’s Rishon Leaseian. It is being said that three Israeli were killed and around 70 others were injured in the Iranian missile attacks. Israel has so far limited its attacks to the Iranian nuclear and military bases and targeted the leading officials associated with them.
Are planning for your child’s future? Know about best options like SSY, NPS Vatsalya and Mutual Fund
Gold outlook for further
Analysts believe that if the situation between Israel and Iran worse, then the price of gold on MCX can go up to Rs 1.05 lakh per 10 grams. On the other hand, Goldman Sachs has reiterated that the structurally strong purchase from the central bank will increase the price of gold by $ 3,700 an ounce and $ 4,000 an ounce by 2026 by the end of 2025. Bofa feels that the price of gold will reach $ 4,000 an ounce in the next 12 months. Gold has strengthened 31 percent in the year 2025 so far. Gold has given positive returns in 16 of the last 20 years.
For a long period, analysts of Motilal Oswal Financial Services believe that gold prices can reach Rs 1,00,000-1,06,000 in the next 12-15 months, provided that main support levels at Rs 88,000-90,000 per 10 gos.
Rahul Kalantri, Vice President of Commodities at Rahul Kalantri, Mehta Equites, says that the support for gold in international markets is at $ 3,400–3,475 per at $ 3,400–3,475. The resistance is at $ 3,455-3,480 an ounce. Support in the domestic market is Rs 97,920–97,490 per 10 grams and resistance at Rs 99,650–1,00,640 per 10 grams.
Preparation of child marriage? Smart planning will make the tension of wedding expenses zero, know how
How much gold has happened
On Friday, the price of gold rose by Rs 2,200 to Rs 1,01,540 per 10 grams in Delhi’s bullion market, which is close to the record level. According to the All India Bullion Association, gold with 99.5 percent purity increased by Rs 1,900 to Rs 1,00,700 per 10 grams (including all taxes). Earlier, on April 22, the price of gold of 99.9 percent purity rose by Rs 1,800 to a record high of Rs 1,01,600 per 10 grams.