Gold prices on the Multi Commodity Exchange (MCX) crossed the ₹1,00,000 per 10 grams mark on Friday, June 14, 2025, reflecting strong safe-haven demand following heightened geopolitical tensions in the Middle East. The surge follows reports of Israeli strikes on Iranian nuclear sites, adding fuel to market uncertainty and risk aversion.
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- Closing Price: ₹1,00,314 per 10 grams
- Intraday High: ₹1,00,681 per 10 grams
- Silver: Down slightly by 0.02%, settling at ₹1,06,474 per kg
Global Gold Prices Surge Toward All-Time Highs
In the international market, spot gold surged 1.3% to $3,428.10 per ounce, inching closer to its all-time high of $3,500.05 (April 2025). US gold futures closed 1.5% higher at $3,452.80. For the week, gold gained around 4%, continuing its strong bullish trend in 2025.
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Why Are Gold Prices Rising So Rapidly?
According to Sugandha Sachdeva, Founder of SS WealthStreet:
“The escalation in the Middle East, combined with falling US Dollar Index and expectations of interest rate cuts, has reinforced gold’s role as a preferred safe-haven asset.”
Additional drivers include:
- US CPI dropped to 2.4% in May, fueling rate cut expectations
- Dollar Index down from 110.18 to a three-year low
- Increasing market pricing of a 50 bps Fed rate cut in 2025
Gold’s Impressive Performance in 2025
Gold has emerged as one of 2025’s best-performing assets:
- YTD Returns: +31%
- Gains in 16 of the last 20 years
- Price Jump: ₹10,000 increase in just 74 days
- Historical Growth: From ₹7,638 in 2005 to ₹1,00,000+ in June 2025
- Total gain: +1,200.84% over 20 years
In contrast, silver has gained 668.84% during the same period.
Future Outlook: How High Can Gold Go?
With macroeconomic support and ongoing geopolitical uncertainty, analysts remain bullish:
Key Forecasts
- Sugandha Sachdeva:
- Short-term target: ₹1,05,000 per 10g (MCX)
- Near-term support: ₹96,200
- NS Ramaswamy (Ventura Securities):
- MCX support at ₹98,900
- Target: ₹1,02,000 in the short term
- COMEX gold could reach $3,540, with resistance at $3,476
- Goldman Sachs:
- Target: $3,700 by end-2025, $4,000 by mid-2026
- BofA (Bank of America):
- Sees potential for $4,000 gold in 12 months
Investor Caution Advised
Disclaimer: The views expressed are those of individual analysts and not investment advice. Please consult certified financial advisors before making decisions.