Gold Price: Gold prices are rising at the international level as well. Spot gold prices rose 1.3 percent to $3,428.10 an ounce, which is very close to the all-time high of $3,500.05 made in April.

Gold Price: Gold prices crossed Rs 1 lakh for the first time on Friday on the Multi Commodity Exchange (MCX). The buying trend in gold increased due to growing insecurity among investors and increasing tension in the Middle East. The growing war-like situation between Israel and Iran, the expectation of a possible cut in interest rates and global uncertainty are pushing this precious metal to new heights.

On Friday, MCX Gold closed at Rs 1,00,314 per 10 grams, while during the trading it also touched a high of 1,00,681. On the contrary, silver saw a slight decline and closed at 1,06,474 per kg.

Global markets are also close to record levels

Gold prices are rising at the international level as well. Spot gold prices rose 1.3 per cent to $3,428.10 an ounce, which is very close to the all-time high of $3,500.05 made in April. US gold futures also closed at $3,452.80 with a gain of 1.5 per cent. Gold has registered a gain of about 4 per cent in the past week, which shows its strength.

Why did gold fall?

The most important reason for this rise is the attacks on Iran's nuclear infrastructure by Israel. This has increased the fear among investors globally and also the trend towards gold. Also, the dollar index has also fallen from the high of 110.18 in January to a three-year low. The inflation rate in the US has also come down to 2.4 percent in May, which has further increased the possibility of reduction in interest rates. All these factors together are taking gold further up.

Historical performance of gold so far in 2025

So far this year, gold has registered a gain of 31 percent and is constantly making new records. While the price of gold was Rs 7,638 per 10 grams in 2005, it has crossed Rs 1,00,000 in June 2025. That is, an increase of about 1,200.84 percent. Not only this, it has seen a rise of Rs 10,000 in the last 74 days. In the last 20 years, gold has given positive returns 16 times, making it a reliable option for investors.

Can gold reach Rs 1.05 lakh?

Experts believe that if the Iran-Israel crisis escalates further, the price of gold can reach Rs 1,05,000 per 10 grams. According to The Mint report, currently the support level on MCX is Rs 96,200. If gold breaks out above $3,500 in the international market, it can also go up to $3,590, where some resistance can be seen.

At the same time, Goldman Sachs has estimated that the price of gold could reach $3,700 an ounce by the end of 2025 and $4,000 by mid-2026. Bank of America also sees gold reaching $4,000 in the next 12 months.

What is the signal for investors?

The current global uncertainty, possible interest rate cuts, aggressive buying by central banks and rising geopolitical tensions may continue to drive gold prices higher. Investors are looking at it as a strong safe-haven asset and an option that gives long-term returns. If the situation remains the same, the figure of Rs 1.05 lakh may also be achieved soon.