Israel-Iran Conflict Triggers Price Hike; 10g Gold Crosses 1 Lakh

Amid escalating geopolitical tensions in the Middle East, particularly following Israel’s reported airstrike on Tehran, global markets have reacted sharply—pushing gold prices to record highs. Investors in precious metals are now witnessing significant gains, with further hikes anticipated in the coming days.

In a dramatic surge, the price of 10 grams of 24-carat gold has jumped by ₹2,600 in a single day, reaching an all-time high of ₹1,00,270. The sharp increase is attributed to heightened global uncertainty, prompting investors to shift their assets to safer options like gold.

Market analysts describe this as “comforting news” for gold investors, as the precious metal continues to prove its strength as a safe-haven asset during international crises.

Gold isn't the only metal seeing a spike. The price of silver has also risen substantially, with 1 kilogram of silver now priced at ₹1,07,000. The silver rally is being driven by both industrial demand and investor sentiment favoring tangible assets during volatile times.

Experts predict that the price of gold could reach ₹1,25,000 per 10 grams in the near future, citing continued geopolitical tensions and large-scale purchases by China and India. This bulk buying from two of the world's largest gold-consuming nations is expected to further tighten global supply and push prices upward.