Gold prices hit record high of Rs 1.01 lakh amid Rising geopolitical tensions

#Goldprices #Gold1lakh #Goldgeopoliticaltensions

Mumbai: Gold continues to trade at significantly high prices in the domestic markets as well. The price of 10 grams of 24 carat gold stood at Rs 1,01,510, according to data on Good Returns. This is slightly lower than the previous closing price cited by the site.

Lat week, Israel carried out what it called as “preemptive strikes” against Iran. Israeli Prime Minister Benjamin Netanyahu said the airstrikes were aimed at key parts of Iran’s nuclear and military program. Iran retaliated by launching over 100 drones at Israel, raising concerns over a possible full-blown war in the oil-rich middle east.

The Israel-Iran conflict has now entered its fourth consecutive day, without any signs of slowdown. Israel recently struck Fordow nuclear facility in Iran, which triggered a 2.5-magnitude earthquake.