Gold Climbs Amid US-Iran Tension Easing and Weaker Dollar
Gold prices climbed to Rs 1.53 lakh per 10 grams in futures trade, driven by a weaker US dollar and potential easing of geopolitical tensions between the US and Iran. The yellow metal's movement highlights its stability as a safe-haven asset amid global uncertainties regarding economic pressures.
- Country:
- India
Gold prices climbed by Rs 159, reaching Rs 1.53 lakh per 10 grams in futures trading on Friday, buoyed by improved international market trends.
The June delivery gained on the Multi Commodity Exchange as analysts cited a weaker US dollar and easing tensions between the United States and Iran.
Specialists, including Hareesh V of Geojit Investments, noted the alleviation of geopolitical concerns has reinforced gold's appeal as a safe-haven asset, pushing prices higher.
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