Gold prices have risen due to rising tensions and conflict between Iran and Israel. Analysts believe that due to the weakening of the rupee and rising tensions in West Asia, investors are increasing their investment in gold, which is considered a safe asset. Gold prices have risen due to the rising tensions and conflict between Iran and Israel. However, today there is a decrease of Rs 10 in the price of gold and a decrease of Rs 100 in the price of silver. Today, Monday, June 16, the price of 24-carat gold is trading around Rs 1,01,800 while the price of 22-carat gold is around Rs 93,300. In the capital Delhi, the price of 24-carat has increased to Rs 101,820 per 10 grams. Also, the price of 22-carat is Rs 93,340 per 10 grams. Currently, the price of 22 carat gold in Mumbai, Chennai and Kolkata is Rs 93,190 per 10 grams, while the price of 24 carat gold is Rs 1,01,670 per 10 grams. In major cities like Ahmedabad, Surat, Rajkot and Vadodara, the retail price of 22 carat gold today is Rs 93,240 per 10 grams. The price of 24 carat gold is Rs 1,01,720 per 10 grams. In the past one week, the price of silver had jumped by Rs 3000. On June 16, the price of silver fell by Rs 100. Today, the price of silver is at Rs 1,09,900 per kg. Recently, Kedia Fincorp had given a bold estimate that the price of silver could reach Rs 1,30,000 per kg by the end of June. Analysts say that due to the weakening rupee and rising tensions in West Asia, investors are increasing their investment in gold, which is considered a safe asset. The escalating Israel-Iran tensions have raised concerns about disruptions in global oil supplies, especially through vital routes like the Strait of Hormuz. Also, the situation between Israel and Iran is worsening, which is also having a direct impact on gold and silver. So the price of gold on MCX per 10 grams. Can reach Rs. 1.05 lakh.
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