Gold Price Today / 1 lakh is a small thing, if the Israel-Iran war continues, gold will become this expensive

Gold Price Today: Gold prices have created history on the Multi Commodity Exchange (MCX). On Friday, gold closed at a record level of Rs 1,00,314 per 10 grams. This is the first time that gold has crossed the limit of Rs one lakh in the domestic futures market. Global geopolitical tensions, weakness of the Indian rupee and speculative activities are believed to be the major contributors behind this surge.

Geopolitical crisis became the reason for the boom

Experts believe that the ongoing tension between Israel and Iran has attracted investors to safe investment options like gold. According to Sugandha Sachdeva, founder of SS Wealthstreet, the Israeli attack on Iranian bases has increased instability in the global market, leading to a surge in demand for gold. He feared that if the tension escalates further, gold could go up to $3,500 an ounce in the international market.

Rupee weakness increased import cost

At the same time, according to Jatin Trivedi, research analyst at LKP Securities, the Indian rupee has fallen by 60 paise to 86.10 per dollar. This has increased the cost of imported gold, which has a direct impact on domestic prices. The weakness in the dollar index and the fall in the rupee together have made gold expensive.

Speculative activities are also a big reason behind this rise

Julius Baer's research head Carsten Menke warned that the current boom is not entirely based on geopolitical risks. He believes that algorithmic trading and speculative deals have artificially pushed up prices. He says, "History is witness that gold has not always proved to be a reliable option in times of crisis."

Great return of 31% so far in the year 2025

Gold has given a return of about 31% since the beginning of this year, making it the best performing asset of 2025. NS Ramaswami of Ventura Securities believes that gold prices can go up to Rs 1,02,000 in the near future.

Expectations remain intact in the long term too

Global investment giants like Bank of America and Goldman Sachs have predicted that gold can touch the level of $ 4,000 per ounce by 2026. This figure shows that international investors are also considering gold as a strong option in the long term.