Gold rally accelerates as Israel-Iran conflict intensifies and Fed rate cut bets grow. Market watches for breakout above $3,500.20 next week.

The usually slow-to-move asset has gained a whopping 30% since the beginning of the year, catalyzed by US President Donald Trump’s trade tariffs and, more recently, an escalation of military action in the Middle East following an Israeli missile strike on Iran on June 13, which caused Bitcoin prices to fall.

Gold prices in India approached the Rs 1 lakh mark on Thursday as investors seek refuge in the yellow metal amid rising geopolitical tensions in the Middle East and expectations of a US Federal Reserve rate cut.

Gold prices in Dubai have surged to near-record highs as tensions escalate between Israel and Iran, driving investors towards safe-haven assets. Check the latest rates and insights into the market impact of geopolitical instability.

Tensions between the U.S. and Iran have been rising, but the big moves in gold and oil prices can help gauge just how serious the situation has become — and hint at what’s next for global financial markets.

Gold prices on the Multi Commodity Exchange (MCX) have surged amid rising tensions in the Middle East, with analysts warning that any further escalation could push rates to ₹1.02–1.05 lakh per 10 grams.