Gold Price Crosses Rs 1-Lakh Mark On MCX Amid Israel-Iran Tensions; Check Details

Gold Price Crosses Rs 1-Lakh Mark On MCX Amid Israel-Iran Tensions; Check Details

Last Updated:June 13, 2025, 09:25 IST

Gold prices surge 1.94% to Rs 1,00,300 per 10 grams amid Israel-Iran tensions. Silver rises 0.74% to Rs 1,06,670 per kg.

Latest prices of gold in different cities.

Gold Price Today, June 13: Gold prices on Friday crossed the Rs 1-lakh mark, surging 1.94% to trade at Rs 1,00,300 per 10 grams in the opening trade, amid escalating Israel-Iran tensions, boosting safe-haven demand. Silver also rose by 0.74% to trade at 1,06,670 per kg in the futures market, as of 9:10 am.

In the spot market, in Mumbai, the price of gold on June 13 stood at Rs 91,010 per 10 grams for 22-carat and Rs 99,290 per 10 grams for 24-carat. Silver, on the other hand, was also trading higher at Rs 1,08,800 per kg in the city.

The spot prices do not include making charges and 3% GST.

Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver prices rallied sharply amid escalating Israel-Iran tensions, boosting safe-haven demand. Today’s morning, gold breached the $3,420 mark and hit 6-week highs as the dollar index weakened. U.S. PPI and core PPI data signalled cooling inflation, raising hopes of Fed rate cuts. Weekly jobless claims rose to 248,000, further supporting precious metals.”

Sustained trade above $3,400 could indicate more upside ahead, he added.

Israel early on Friday said it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over US efforts to win Iran’s agreement to halt production of material for an atomic bomb.

Here’s a detailed breakdown of gold prices across key cities (June 13, 2025): 

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 91,010 Rs 99,290
Jaipur Rs 91,010 Rs 99,290
Ahmedabad Rs 91,060 Rs 99,340
Patna Rs 91,060 Rs 99,340
Mumbai Rs 91,010 Rs 99,290
Hyderabad Rs 91,010 Rs 99,290
Chennai Rs 91,010 Rs 99,290
Bengaluru Rs 91,010 Rs 99,290
Kolkata Rs 91,010 Rs 99,290

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

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