Gold firms on Middle East tensions
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Gold prices stabilized in Asian markets on Tuesday, following a pullback triggered by mixed signals around the Israel-Iran conflict and U.S. involvement. Spot gold edged up 0.2% to $3,392.25 per ounce,
Geopolitical uncertainties in the middle-middle-east have pushed gold over the ₹1 lakh per 10 grams mark. Check gold and silver rates in your city today — Chennai, Kolkata, Bengaluru, Hyderabad, Delhi and Mumbai.
Gold prices in India have soared to record levels, surpassing ₹1 lakh per 10 grams with a 28% rise in just one year. This surge is driven by escalating geopolitical tensions in the Middle East, inflation worries, and central bank purchases but these very factors also make this a risky time to buy.
The precious metal is forecast to hit US$3,400 an ounce by the end of 2025. Read more at straitstimes.com. Read more at straitstimes.com.
4don MSN
The MCX gold rate opened at Rs 99,500, marking a rise of Rs 1,108, or 1.12%, from its previous close of Rs 98,392