Gold Futures Soar Rs 1,539 to Rs 1.52 Lakh/10g Amid Weak US Dollar, Geopolitical Tensions

• Gold price climbed Rs 1,539 to Rs 1.52 lakh per 10 gram in futures trade on Wednesday.
• Bullish sentiment in the domestic market was driven by rising global precious metal rates and a weaker US dollar.
• Investors turned to safe-haven assets due to uncertainty surrounding the ongoing US-Iran conflict.
• International gold futures for May contract gained USD 55.35 to USD 4,733.95 per ounce.
• Analysts predict gold could reach Rs 1.58 lakh per 10 grams (USD 4,900 per ounce) in the domestic markets.

Key Questions Answered

Will gold prices continue rising in the coming weeks?

Gold prices are expected to remain under pressure until June 2026. Analysts predict a potential rebound to $6,200 per ounce by the end of June 2026.

How does the US-Iran conflict affect gold's value?

The US-Iran conflict has caused gold prices to fall, contrary to its traditional role as a safe-haven asset.

What impact will US jobs data have on gold?

The provided sources do not contain information on the impact of US jobs data on gold prices.