Gold Price Soars Past Rs 1.60 Lakh on MCX: Is Now the Time to Invest?

• Gold price on MCX opened at Rs 1,60,049 per 10 grams, up 2.02% from previous close, driven by geopolitical tensions and Trump's tariff threats.
• Comex gold traded higher at $5,182 per ounce, a 2% increase in 24 hours.
• IBJA pegged standard gold at Rs 1,55,066 per 10 grams, up 0.33%, forming the benchmark for RBI’s Sovereign Gold Bond valuations.
• Rupee weakened to 90.73 against the US dollar amid elevated risk sentiment due to the US-Iran standoff.
• Experts advise a 'buy-on-dips and sell-on-rallies' approach, with short-term consolidation expected within the $4,650–$5,100 range.