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Gold Prices Surge Amid Mideast Tensions
23 Mar
Summary
- Gold futures rose 0.23% to Rs 1,44,825 per 10 grams.
- Spot gold in international markets increased to USD 4,663.54 per ounce.
- Geopolitical tensions involving Iran, Israel, and the US are influencing prices.
Gold prices are experiencing volatility, influenced by escalating geopolitical tensions involving Iran, Israel, and the United States. As of Monday morning, gold futures on the Multi Commodity Exchange (MCX) rose by 0.23 percent, or ₹333, to reach Rs 1,44,825 per 10 grams. This follows a previous close of Rs 1,44,492 per 10 grams after a two-day market closure.
Internationally, spot gold has seen an increase, trading at USD 4,663.54 per ounce. While gold futures hit an all-time high of Rs 1,80,779 per 10 grams on January 29 this year, current domestic prices vary by reporting agency. For instance, gold prices in Delhi, including all taxes, were reported at Rs 1,52,650 per 10 grams according to the All India Sarafa Association. The Indian Bullion and Jewellers Association (IBJA) reported 24-carat gold at Rs 1,47,218 per 10 grams on Monday morning.
